Chongqing Wencan Die Casting Co., Ltd.

Chongqing Wencan Die Casting Co., Ltd. is a wholly-owned subsidiary of Wencan Group (stock code: 603348). Wencan Group Co., Ltd. is listed on the Shanghai Stock Exchange. The company was founded in 1998 and is headquartered in Lishui Town, Nanhai District. In 2020, it completed the acquisition of French company Le Bélier. It has 17 production bases in Nantong, Wuxi, Tianjin, Dalian, Wuhan in Jiangsu, as well as in Mexico, Hungary, Serbia, France, and other places, with a total land area of over 830,000 square meters (including 490,000 square meters in mainland China and 340,000 square meters overseas). In 2021, Wencan Group's total domestic and international sales revenue exceeded 4.1 billion RMB, and total domestic and international tax payments exceeded 160 million RMB. In the first quarter of 2022, total domestic and international sales revenue exceeded 1.2 billion RMB, and total domestic and international tax payments were 44 million RMB. It is expected to achieve 10 billion RMB in sales revenue in 5 years. It is currently one of China's leading enterprises in the research and development and manufacturing of automotive aluminum alloy castings. Wencan Group integrates high-pressure casting, low-pressure casting, gravity casting, and other processes, mainly engaged in the research and development, production, and sales of automotive aluminum alloy precision casting products, committed to providing lightweight and high-safety products for global automotive customers, mainly used in engine systems, transmission systems, chassis systems, braking systems, body structure areas, and other automotive parts for traditional fuel vehicles and new energy vehicles. Wencan Group took the lead in developing the international cutting-edge technology and product "high-strength aluminum alloy body structure castings" for new energy vehicles, and is the first enterprise in China to achieve large-scale mass production of such products. Among them, large integrated structural parts are further integration in the original body structure parts field, and at the same time, research and trial production were carried out on the first trial-produced half-piece rear floor project, which was successfully trial-produced in November 2021. Currently, the company has the world's largest 9000T die-casting machine for producing automotive panel parts, laying a leading technological and production advantage for the company.