JD Capital-invested Huifeng Transmission Listed on NEEQ
Recently, JD Capital-invested Shandong Huifeng Transmission Co,. Ltd. (Huifeng Transmission, 834137) was officially listed on the National Equities and Exchange Quotations (NEEQ).
With independent innovation capacity and intellectual property rights, Huifeng Transmission is a high-tech professional manufacturer of cross wedge rolling axes with the largest production capacity in this industry. Boasting the most complete specifications of cross wedge rolling mills, it offers the whole range of rolling products applicable to multiple fields. The major products of Huifeng Transmission include gear shafts, camshafts, half shafts, spiral bevel gears, transmission gears, connecting rods, knuckles and drive gear shafts used in different equipment. It offers services to well-known enterprises both at home and abroad, including the First Automobile Works, the Second Automotive Works, SAIC Motor Corporation Limited, Dana Holding Corporation, Sankyo Korea Co., Ltd, Mitsubishi Heavy Industries, Ford and Volvo.
With a sustainable and rapid development of Chinese economy and a stronger purchasing power of Chinese residents, the demand for vehicles keeps increasing and the automotive industry maintains its momentum of rapid growth. According to the Research Department of Industrial Economy under the Development Research Center of the State Council, the supporting system of automotive components and accessories manufacturing is expected to get further improved within one or two decades. At that time, a modular supply system will be taking its shape; the production will be more centralized and the core competitiveness enhanced. A group of component and accessory manufacturers with independent R&D capacity, advanced production skills and core technologies will emerge. With high added-values and strong scale production capacity, they are expected to develop into pillars of China’s automotive industry.
JD Capital became a shareholder of Huifeng Transmission in 2011. Held 26.25% of its shares, JD was its second largest shareholder. As of now, 44 of JD Capital-invested companies have been listed on the NEEQ.