Jiangxi Yuancheng Automobile Technology Joint-stock Co., Ltd.

The company was established in November 2007, covers an area of 25 mu, and has more than 200 employees, including more than 20 experienced technical and business backbones familiar with the production, operation, and management of standard fasteners. It has domestically *advanced standard fastener production lines and testing equipment, strong technical force, and a complete quality assurance system, with registered capital of 2 million yuan. Its main business scope: processing and manufacturing of mechanical equipment, molds, standard fasteners, auto parts, automobile steel plates, and accessories. The company takes "quality-oriented, customer-centered" as its principle, has introduced advanced equipment such as Taiwan bolt and nut cold heading machines, uses imported high-grade wire rods, and specializes in the production and sales of GB (national standard), DIN (German standard), BS, JIS (Japanese standard), ANSI (American standard) fasteners and non-standard fasteners. Products are widely used in home appliances, automobiles, motorcycles, and other industries. It has established more than ten offices across the country, including in Shanghai, Guangzhou, Qingdao, Wuhan, Hefei, and Shandong. Yuancheng fasteners have gradually moved toward modernization, standardization, and scientific management. The pioneering and innovative Changyuan people will explore and advance toward higher goals, dedicating their wisdom and sweat to the internationalization of China's fasteners. In 2008, the company's sales revenue was 862,200 yuan, and taxes paid were 21,700 yuan. In 2009, sales revenue was 16.7422 million yuan, a year-on-year increase of 1841.8%; taxes paid were 200,800 yuan, a year-on-year increase of 825.3%. In 2010, sales revenue was 27.6002 million yuan, a year-on-year increase of 64.85%; taxes paid were 292,000 yuan, a year-on-year increase of 45.42%. The number of employees also doubled year by year. From the financial data of the past three years, the company's growth rate has been very fast, with rapid growth from 2008 to 2009, and from 2009 to 2010 the growth rate returned to a relatively stable but still high-speed state. The high growth rate has provided continuous and increasing taxes and jobs, with huge growth potential. It is expected that in 2011, the company's sales revenue will reach 60 million yuan, and taxes paid will be 1.5 million yuan. In 2010, the concept of "lean production" was introduced, and beneficial exploration was carried out in safety production, on-site management, equipment management, product quality, and other aspects, striving to learn advanced experience so that the enterprise can achieve sustained and rapid growth; through independent research and development, it applied for a patent numbered 201120065621.X for a "U-bolt calibration machine," significantly improving work efficiency. The company attaches importance to technological innovation, continuously improves its technical level, introduces advanced technology, conducts scientific management, saves resources, reduces unit consumption, and improves the input-output ratio. In 2010, it purchased cold heading machines, presses, and other machinery and equipment, built its own phosphating tank, and introduced several technical professionals for technology research and development. Every year, a large amount of funding is invested in technology research and development. In the future, we will continue to follow the path of science and technology. Only through reform and innovation and keeping pace with the times can the company become stronger and stronger. China is gradually moving toward an urbanization and industrialization development model, which also determines the potential space for mechanical equipment, with sustained market potential and broad development space. The technical environment and market environment are the guarantees for our company's development. The innovation of the company's products insists on maintaining interaction with the market. Company leaders regularly visit the market to understand current market demand, actively adapt to the requirements of marketizing technological achievements, pay close attention to the development trends of industry, politics, and culture, and proactively revise their own systems according to the company's development goals to adapt to changes in the external environment. Our company's development direction is to become an industry leader. Therefore, we will continue to work hard and grow stronger. Guided by the market and supported by technology, we will accelerate the pace of development and strive to be a leading enterprise.