Give your all and pursue excellence! Longyuan Co., Ltd. listed on the Beijing Stock Exchange

Ningbo Longyuan Co., Ltd. (hereinafter referred to as “Longyuan Shares”) specializes in the R&D, production, and sales of precision aluminum alloy die-cast components. With extensive experience accumulated in mold design and manufacturing, product die casting, and precision machining, it has formed a product system centered on automotive aluminum alloy precision die-cast components. The company’s products are mainly used in key areas such as automotive engine systems, new energy vehicle three-electric systems, automotive steering systems, and automotive thermal management systems. On March 31, the company successfully listed on the Beijing Stock Exchange (BSE).

National “Specialized, Sophisticated, Distinctive, and Innovative” “Little Giant” Enterprise

To maintain a leading position in fiercely competitive market conditions, Longyuan Shares has always taken an active approach to participating in customers’ early-stage product R&D. Through a cross-departmental PLM collaboration platform, the company integrates multiple departments including R&D, design, projects, production, and quality. It has already formed a R&D model for joint development with customers, ensuring that customer needs can be met quickly, timely, and beyond expectations, thereby enhancing market competitiveness and increasing customer stickiness.

As a national high-tech enterprise and a national “Specialized, Sophisticated, Distinctive, and Innovative” “Little Giant” enterprise, the company has a provincial high-tech enterprise R&D center. As of June 30, 2025, the company has obtained 15 invention patents and 37 utility model patents, and it has led the formulation of the Zhejiang Manufacturing group standard “Aluminum Alloy Components for On-Board Charger and Control System of New Energy Vehicles” (T/ZZB3098-2023). It also participated in the development of two national standards for die-casting mold parts (GB/T4678.12-2018 and GB/T4678.13-2018) and one national standard for aluminum alloy liquid testing (GB/T43139-2023). In addition, the company undertakes multiple technology research and development (technical breakthrough) projects in Ningbo and Beilun District.

Molds are core process equipment that determines the geometric shape, dimensional accuracy, surface quality, and internal structure of die-cast products. Mold design and manufacturing capability is a key indicator for measuring the technical level of die-casting enterprises. The company’s mold design philosophy is led by die-casting process technology. It determines casting conditions at the early stage of mold design, optimizes product structure through finite element analysis and solidification analysis, and applies analysis methods such as PQ calculation, surface defect analysis, porosity-related (vortexing gas) analysis, temperature analysis, velocity analysis, and particle tracking for filling. This enables the development of high-quality, high-precision mold design and R&D.

Longyuan Shares has been deeply focused on the field of automotive aluminum alloy precision components for many years. It has accumulated a solid foundation in aluminum alloy precision processing technology and continuously improves and innovates its processes with the goal of enhancing quality and efficiency. Based on the structural characteristics of its products, the company repeatedly studies the coupling relationship between different constraint distances and weld seam lengths to achieve post-weld flatness control better than 0.1 mm, with weld seams free of pores and cracks. At the same time, to reduce the deformation that is prone to occur after friction stir welding, the company has independently developed an intelligent anti-deformation “piano key” fixture with multiple sensors, enabling synchronous shaping during the welding process. This avoids product cracking caused by shaping, controls thermal deformation, and means no further straightening is required during assembly. While meeting customers’ new requirements, it improves production efficiency and product quality.

By continuously optimizing product structure design, simplifying production processes, improving product quality, and lowering production costs, the company provides customers with more competitive products, earning a strong reputation in the industry.

Rising Market Share

The industry in which Longyuan Shares operates belongs to the automotive parts industry. Its main products are customized, non-standard components. The company has already formed a product layout centered on small- and medium-sized aluminum alloy precision die-cast components.

With the acceleration of the electrification of the automotive industry, in order to reduce the number of production steps for components, shorten vehicle model development cycles, and reduce vehicle weight, new energy vehicle components are trending toward integration. Leveraging its existing technologies and resources, the company adjusts its product strategy in a timely manner, increases R&D efforts for new energy vehicle components, continuously optimizes product structure, and extends into new energy vehicle-related components. At present, the company’s electric control system business has entered a phase of rapid growth, and its electric drive system business has also achieved key breakthroughs. Products include OBC box housings (including integrated on-board power supply product box housings), integrated on-board power supply product box housings and end caps, electric drive system inverter housings, motor cover plates, and more. The product matrix for new energy vehicle three-electric systems continues to expand.

Through years of market expansion and accumulation of customer resources, Longyuan Shares has formed a customer structure of “globally well-known automotive parts supplier + vehicle OEM/vehicle manufacturer.” Key customers include BorgWarner, Taigene Group, Futech Technology, Delta Group, LG Innotek, Saleri, Garrett, Kostal, Deshang Shares, Flex, Marelli, Nidec, Leapmotor, and Great Wall Motors, among others. The company always regards product quality as an important means of market competition and continues to increase R&D investment. It has been highly recognized by customers, receiving honors such as LG Innotek’s strategic cooperation partner, LG Innotek’s companion growth partner, Kostal Innovation & Collaboration Award, Kostal Best Cooperation Award, BorgWarner Long-Term Contribution Award, BorgWarner Best Quality Award, BorgWarner Best Supplier Award, and Taigene Group Excellent Supplier Award.

With reliance on high-quality customer resources, the company’s products are widely used by major global automotive brands, including Ford, General Motors, Tesla, NIO, Leapmotor, Xiaomi, BYD, Geely, GAC, Renault, Volkswagen, Audi, Changan, Great Wall, Hyundai, Toyota, BMW, Mercedes-Benz, and Chery, among others.

As one of the important companies in China’s aluminum die-casting industry, Longyuan Shares has formed a product system centered on automotive aluminum alloy precision die-cast components. The company’s aluminum die-cast products used in the automotive sector mainly include OBC box housings (including integrated on-board power supply product box housings), EPS motor housing and turbocharger backplates, and others.

From 2022 to 2024, the global market share of the company’s OBC box housings for new energy vehicles was 1.40%, 3.97%, and 5.26%, respectively; the global passenger car market share of EPS motor housings was 5.81%, 5.19%, and 6.64%, respectively; and the global automotive market share of turbocharger backplates was 3.93%, 4.55%, and 5.08%, respectively, showing an upward trend.

Continuously Promoting Business Development

The government is currently vigorously promoting energy-saving and emissions-reduction policies in the automotive industry. Replacing part of automotive components made from steel with aluminum alloy is one of the important ways to achieve automotive lightweighting and is also one of the main methods to achieve energy conservation and emissions reduction in the automotive industry.

For conventional gasoline vehicles, replacing some components with aluminum alloy can significantly reduce the vehicle curb weight, improve fuel efficiency, and reduce pollutant emissions.

For new energy vehicles, due to the addition of battery pack structures, the vehicle’s overall mass is somewhat higher than that of conventional gasoline vehicles. This requires a higher proportion of aluminum alloy materials to achieve the goal of increasing driving range. The demand for lightweighting of new energy vehicles provides a large market space for the aluminum die-casting parts market.

Against this backdrop, Longyuan Shares appropriately listed on the Beijing Stock Exchange and will optimize its product structure with the proceeds from the fund-raising projects. This is expected to help the company better seize industry development opportunities.

The company’s fund-raising projects for this BSE listing include: the production project for the new energy three-electric system and lightweight automotive components (Phase II), and the R&D center construction project.

Among them, the production project for the new energy three-electric system and lightweight automotive components (Phase II), through the acquisition of land, the construction of new factories and supporting facilities, and the procurement of equipment such as high-end die-casting machines, automated die-casting islands, high-precision machining centers, and three-coordinate measuring instruments, will form additional annual production capacity of 14.2 million aluminum alloy die-cast components. After this project is completed, the company’s production capacity for products applied in key areas such as new energy vehicle three-electric system components, automotive engine systems, automotive steering systems, and automotive thermal management systems will be significantly improved. This project enables the company to expand production capacity to meet the ever-growing market demand, and also allows the company to closely capture industry development trends and enhance its market competitiveness.

The R&D center construction project will further enhance the company’s technical strength in the field of automotive aluminum alloy precision components, continuously develop new technologies and new products that adapt to industry development trends, and provide support for product and technology upgrades. It will also optimize R&D conditions and meet the needs for core technology R&D.

In recent years, Longyuan Shares has precisely seized the strategic opportunities of automotive electrification and lightweighting. While maintaining its leading advantages in aluminum alloy die-cast components for automotive engine systems and steering systems, it has increased R&D and production efforts for aluminum alloy die-cast components applied in electrified and intelligent vehicles.

Next, the company will use this listing as an opportunity to anchor its main business, stay true to its original intention, and uphold the business philosophy of “people-oriented, customer first, continuous improvement, and sustainable operation.” It will strictly control quality and honor contracts, continuously promote business development, and serve customers with the policy of “give it everything, pursue excellence, and strive for continuous improvement in precision,” while giving back to investors.

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