About ZHEJIANG SHIBAO Company

Zhejiang Shibao is a company limited by shares registered in China. The company's H shares were listed on the Hong Kong Stock Exchange GEM on May 16, 2006, and then transferred to the main board of the Hong Kong Stock Exchange on 2011/3/9. The stock code is 1057. The company's A shares have been listed on the Shenzhen Stock Exchange since November 2, 2012, and the stock code is 002703. The company's mission is to improve the safety and comfort of automobile driving. It is committed to providing safe, intelligent, energy-efficient and lightweight automobile steering systems to the world's leading automobile groups, strives to raise the R&D and production capacity of steering systems and key components for a full range of models to an international competitive level, and gradually expands to key automotive components related to the integration and modularization of steering systems. The company's strategic goal is to provide intelligent driving solutions and products to the world's leading automotive groups. The company is mainly engaged in R&D, manufacturing and sales of automobile steering gears and other key components of steering systems. It has 5 production bases in Hangzhou, Yiwu, Siping and Wuhu; it also has a group research center in Hangzhou and an intelligent automotive technology research center in Beijing. The company has the ability to provide various steering products for commercial vehicles, passenger cars and new energy vehicles. It has accumulated more than 30 years of system support experience in the automotive industry, diversified and international customer resources, and is a first-class supplier for many reputable automakers. The company is one of the first domestic enterprises to independently develop electric power steering systems for automobiles and intelligent automobile steering systems, providing advanced active steering solutions for autonomous vehicles. As a supporting supplier for automakers, the company develops steering gears and other key steering system components for them according to the technical and quality requirements put forward by the automaker, and arranges procurement and production plans based on the number of orders placed by the vehicle manufacturer, mainly by directly supplying the vehicle manufacturer. Generally, after successfully developing products to support the automaker, the technical department will deliver samples to the automaker for testing, and arrange mass production after the test period is over and qualified. After the product enters the mass production stage, the sales department obtains monthly order requirements from the vehicle manufacturer and issues it to the production department to organize production. At the same time, personnel will be stationed at the vehicle manufacturer to maintain relationships with customers and coordinate after-sales service work.