Changqing Co., Ltd.

Hefei Changqing Machinery Co., Ltd. currently has nine wholly-owned subsidiaries and two branch companies, with over 3,000 employees. The company's main business scope includes the research and development, production, sales, and technical consulting of automotive parts, molds, and fixtures; machining, manufacturing, and sales of mechanical products; leasing of land, houses, and equipment; warehousing services (excluding dangerous goods); equity investment; self-operated and agent import and export of various commodities and technologies (excluding those restricted or prohibited by the state); property management; photovoltaic power generation and electricity sales. The company has more than 3,600 sets of large and medium-sized stamping, machining, and welding equipment, with over 4,500 product types. After years of development, the company has transformed from a single stamping parts processing model into a large-scale automotive parts manufacturing enterprise with modular, automated, and multi-business chain operations. The automotive stamping and welding parts produced by the company are important components of automobiles and can be applied to cab assemblies, engine compartment assemblies, four-door and two-cover assemblies, floor assemblies, frame assemblies, and bumper assemblies of passenger cars, commercial vehicles, and special-purpose vehicles.
The company always focuses on the independent innovation system, scientific and standardized management, and the talent-based development strategy, and has formulated a series of management systems and technological innovation development plans, establishing a development strategy of promoting rapid growth driven by scientific research and innovation. At present, the company has fully mastered the core technology for the development and production of automotive stamping and welding parts, and possesses the capability of synchronous development with vehicle manufacturers. In addition, to improve process technology and large-scale production capacity, the company has introduced advanced automated stamping production lines and welding robot production lines. Advanced production processes and manufacturing equipment keep all product indicators of the company at the forefront of the industry. With years of industry experience and a good market reputation, the company has established sound and stable cooperative relationships with well-known manufacturers such as JAC Motors, Foton Daimler Automobile, Chery Automobile, Shaanxi Heavy Duty Truck, and Dongfeng Commercial Vehicle, and is actively expanding into the passenger car supporting business of large domestic automotive groups such as SAIC Motor and BAIC Group.
The business tenet of "integrity-based and quality-winning" continuously drives the company forward. As of the end of December 2016, the company owned 174 patents, including 8 invention patents. In addition, the company has passed the ISO/TS16949 quality management system certification and has a strict quality control system and strong product inspection capabilities. Over the years, the company has been rated as an "Excellent Supplier" by JAC Motors; since being recognized as a high-tech enterprise in 2010, it was consecutively recognized as one of Anhui Province's Top 100 High-tech Enterprises in 2013 and 2016; in April 2011, it won the "Outstanding Unit" award in the Anhui Province Ankang Cup Competition; in August 2012, it was recognized as a provincial-level technology center. Changqing Company has become a highly competitive automotive parts enterprise in Anhui Province.
As a first-tier supplier of domestic automotive parts, on March 24, 2017, Hefei Changqing Machinery Co., Ltd. was officially listed on the Shanghai Stock Exchange, with the securities abbreviation "Changqing Co., Ltd." and the securities code "603768", marking the first step of "Changqing Co., Ltd." in the capital market. The company will seize the favorable opportunity of rapid development in the automotive industry, adhere to the combination of independent innovation and absorption and introduction, remain focused on the research and development and large-scale production of automotive stamping and welding parts, and leverage the capital market to further improve information management, research and development design capabilities, and manufacturing capabilities, promoting the sustained and stable growth of company profits, consolidating the company's leading position in the industry, and striving to build the company into a globally excellent automotive parts manufacturing enterprise. Changqing Co., Ltd. will also take the listing in the capital market as a new starting point to create greater wealth for customers, shareholders, and society and to assume more responsibilities.