Recently, the domestic crankshaft industry ranked first in comprehensive strength, and is also China's largest manufacturer of heavy-duty engine crankshaft professional - Tianrun Crankshaft Co., Ltd., will soon land in the A-share market.

Tianrun Crankshaft Co., Ltd., formerly known as Tianrun Co., Ltd., is a Sino-foreign joint venture established in 1995 and was changed to a joint stock limited company in 2007. Its controlling shareholder crankshaft plant has a long history. The Crankshaft Plant was originally a Wendeng farm machinery repair and manufacturing plant established in the 1950s and began production of crankshafts in 1969. On February 4, 1982, approved by the Wendeng County People's Government, it was renamed Wendeng Crankshaft Factory. On December 7, 1993, Wendeng Crankshaft Factory was renamed Shandong Crankshaft Factory. November 16, 2007 Shandong Crankshaft Factory was changed to Shandong Crankshaft Factory Co., Ltd. Today's Tianrun crankshaft has undergone continuous innovation breakthroughs, and it has a more prominent market position and technological advantage while possessing a profound historical accumulation.

In terms of market share, it has an annual production capacity of more than 500,000 crankshafts for various types of engines, and has the largest market share in the heavy-duty engine crankshaft market. With hundreds of imported CNC lathes, CNC grinding machines, boring and milling machines and other professional crankshaft production equipment, technology and equipment to the international advanced level. The product has obtained ISO/TS16949 international automotive industry quality system certification, and has passed the United States Cummins, Iveco France plant, Weichai Power, Dongfeng Cummins, Shaanxi Heavy Duty Truck, Shangchai shares, FAW Xichai, FAW Dachai, Guangxi Yuchai and other domestic and foreign The well-known engine OEMs have been strictly certified and have maintained close strategic cooperation relationships with them for a long time.

In terms of technical advantages, Tianrun Crankshaft has the only “nationally recognized enterprise technology center” in the domestic crankshaft industry and has established joint research institutes with universities such as Shandong University, Dalian University of Technology and Harbin Institute of Technology. In 2000, Tianrun Crankshaft produced by Tianrun Crankshaft was rated as "Top 10 Famous Brands in Internal Combustion Engine Components Industry"; in 2006, it was named "China Crankshaft Market Customer Satisfaction Preferred First Brand"; in 2007, it was awarded " China's crankshaft industry's most influential first brand" and "China's auto parts industry's top ten influential brands." In the same year, it was continuously rated as a high-tech enterprise in Shandong Province. At present, Tianrun crankshaft is the chairman unit of the high-strength bolt branch of the crankshaft connecting rod of the China Internal Combustion Engine Industry Association. As the drafting unit, it drafts the "People's Republic of China Machinery Industry Standard - Technical Conditions of the Internal Combustion Engine Crankshaft" and "The People's Republic of China Machinery Industry. Standard - engine crankshaft product quality classification. As the company attaches great importance to R&D investment and adheres to the quality policy of “quality first, customer first, full participation, and continuous improvement”, the company has also achieved fruitful R&D results in recent years. At present, the company has more than 10 products with independent intellectual property rights, one special new material, 16 patents, six key national new products, and one national torch plan project. In addition, the company has completed the development of more than 60 new products, new materials, and new processes each year. It has a leading position in researching new products, new processes, and new materials. The company's raw material replacement process to reduce costs is well worth it. attention.

Tianrun crankshaft is in a typical raw material-intensive industry, mainly steel and pig iron. If rough (indirect raw materials) is considered, the proportion of raw materials in the company's cost structure is more than 50%. Therefore, the cost of similar companies is sensitive to changes in the price of steel and pig iron. Static calculations (assuming that raw material prices are fully borne by the company), a 10% increase in steel prices will cause the company's costs to increase by 3-4 percentage points. The successful development of the company's core patented technology, "Tieyi Steel", can effectively reduce the unit product cost. Since 2008, significant progress has been made in the application of the company's heavy-duty, light-duty engine crankshafts, and it has been recognized by major customers such as FAW Xichai and Shanghai Diesel. It is expected that in the future, through the more extensive application of this core technology, the company will gain greater gross margin and form a stronger competitive advantage. As far as this technology is concerned, it has gone far ahead of its domestic counterparts.

In the global market, only a few foreign giant crankshafts have strong production and development capabilities and are capable of supporting engine suppliers of major global automakers, and they have taken advantage of leading integrated R&D and manufacturing capabilities to occupy the international market. Most of the market share of the crankshaft market. However, Tianrun crankshaft, as the leading company in the domestic crankshaft industry, has finally broken the international competition in the absence of Chinese products in the international crankshaft market in 2006 and has won internationally renowned engines for Cummins and Iveco in the United States. Provide crankshaft product support services. After this financing, the change of Tianrun's crankshaft's position in the international market in the future, in the words of Mr. Xing Yunbo, the chairman of the company, means that the global engine is equipped with a “heart” made in China.

Focus on Tianrun crankshaft financing. It is planned to issue 60 million shares to raise funds for four projects of the Xichai heavy truck crankshaft production line, the Cummins heavy truck crankshaft production line, the Cummins light truck crankshaft production line and the Weichai heavy truck crankshaft production line, namely FAW Xichai, Dongfeng Cummins, and Beiqi. Futian Cummins, Weichai Power and other leading companies supporting the industry. The total investment is about 614 million yuan. The project period is 16-19 months. And because Tianrun crankshaft will be earlier, part of the company's raised capital projects have already begun construction. It is expected that about half a year after the raised funds are available, all four raised capital investment projects can be completed and put into production. In 2009 and 2010, it will increase production capacity by 160,000 and 180,000 units respectively compared to the previous year. In addition, in 2008, the total capacity for the three years will increase by 390,000 units. After the fund-raising investment project is put into production, it will increase the total annual profit of the company by 146.23 million yuan, and increase the annual net profit by 106.68 million yuan.

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