On January 10, 1994, Wanxiang Qianchao (000559) shares began trading on the Shenzhen Stock Exchange, becoming the first listed stock of a township enterprise from a non-local region in China and pioneering a new path for the reform and development of township enterprises and Chinese enterprises.

At its inception, Wanxiang Qianchao’s sole flagship product was the universal joint, and its product lineup was relatively simple. Over the past 30 years, the company has been dedicated to the R&D and manufacturing of automotive components, providing systematic and coordinated solutions for the modularization of automotive parts. Its flagship products have expanded from universal joints to drive shafts, constant-velocity drive shafts, wheel hub units, bearings, brakes, automotive electronics, transmission systems, braking systems, suspension systems, chassis components, fuel tanks, and aftertreatment systems—covering a wide range of parts and assemblies. Its products are exported to more than 60 countries and regions worldwide, making it one of China’s key bases for automotive component exports. The company has maintained long-term, stable supply relationships with major customers including Mercedes-Benz, BMW, Audi, Toyota, Volkswagen, General Motors, Ford, FAW, SAIC, GAC, and China National Heavy Duty Truck Group.

The automotive components manufactured by Wanxiang Qianchao won the National Silver Award in 1987; in 2005, the “Qianchao” trademark was recognized as a well-known trademark; in 2007, Wanxiang universal joint products received the China World Brand and the China Industry Award Recognition Prize; in 2010, Wanxiang Qianchao was awarded the first Zhejiang Provincial Government Quality Award, and in 2013, it received the nomination award for the first China Quality Award; in 2021 and 2023, Wanxiang Qianchao once again received the nomination award for the China Quality Award. Currently, the company boasts three manufacturing single champions—universal joints, wheel hub units, and drive shafts—and has five national-level “Little Giant” enterprises specializing in niche expertise and innovation, along with a number of provincial-level specialized, refined, distinctive, and innovative enterprises, providing Wanxiang Qianchao with an inexhaustible source of momentum for sustained high-quality development.

Since its IPO on January 10, 1994, Wanxiang Qianchao has seen its total share capital increase by a factor of 29.31, its total market capitalization rise by a factor of 38.01, its total assets grow by a factor of 80.72, its revenue expand by a factor of 71.61, and its net profit increase by a factor of 29.5. The company has cumulatively paid 5.197 billion yuan in taxes, distributed cash dividends 27 times with a total amount of 7.308 billion yuan, and carried out cumulative stock dividends 11 times, distributing a total of 2.363 billion shares.

Over the past thirty years, we’ve braved storms and hardships, weathered wind and rain, and steadily forged ahead with unwavering determination. In these thirty years, time has sung its own song—through it all, we’ve stood united, focused single-mindedly, and together created brilliance. For thirty years, we’ve sailed through thick and thin together. We extend our heartfelt gratitude to our dedicated, skilled, diligent, and passionate workforce—the team that devotes itself wholeheartedly to their posts, takes immediate action, and writes history with their tireless efforts. We’re also deeply grateful to all sectors of society, whose consistent care, attention, and concern have been a constant source of support for the company’s development.

Wanxiang Qianchao will continue to uphold the spirit of Lu Guanqiu, the model worker spirit, and the craftsman spirit, guided by its mission of "Making the air cleaner." We will firmly pursue a globalization strategy, continuously implement digital and intelligent design, operations, and manufacturing, ensure our mastery of technological innovation and competitiveness, further build core competencies, enhance our ability to convert advantages into real strength, and generate synergistic momentum. We will focus on our two core strengths—bearings and chassis—and prioritize technology-driven, high-quality development to become a globally advanced enterprise.

Wishing the company continued success and even greater achievements!