Wanxiang Qianchao persists in synergistically driving technological breakthroughs, market expansion, digital and intelligent transformation, and cost reduction with efficiency enhancement. As a result, its overall business performance shows a steady upward trend: in the first quarter, revenue increased by 27.39% year-on-year, and net profit attributable to shareholders rose by 5.29% year-on-year. Several enterprises have delivered impressive results, achieving double-digit growth in both revenue and profit, thus laying a solid foundation for high-quality development in 2025.

Constant Velocity Drive Shaft Factory

Wanxiang Qianchao Co., Ltd. and its constant-velocity drive shaft plant are actively expanding their market. Led by senior management, multiple departments—including technology, marketing, and quality—work in close coordination, using technological innovation as a key driver to comprehensively develop business. They are seizing the opportunity presented by the rapid growth of domestic independent brands and new-energy vehicle companies, deepening cooperation with customers, and essentially achieving full coverage of major domestic customer segments. On the production side, thanks to digital systems, process reengineering, and intelligent upgrades to production lines, overall equipment efficiency has significantly improved, with output value increasing by 7% year-on-year and direct labor productivity rising by 8.12% year-on-year. On the procurement side, the company strictly controls costs, establishes strategic partnerships, and employs multi-channel approaches for price inquiries, comparisons, and verifications to reduce costs, thereby ensuring sustained profitability growth. In the first quarter, the plant’s own profits increased significantly year-on-year.

Wuhu Qianchao Intelligent Manufacturing

Qianchao Intelligent Manufacturing (Wuhu) Co., Ltd. takes intelligent manufacturing as its driving force and green upgrading as its support, continuously optimizing its cost structure and enhancing operational efficiency. The company has established a dedicated team to tackle challenges in the application of lightweight materials and green manufacturing processes, and has built 57 intelligent, automated production lines, achieving a 100% equipment connectivity rate and full online monitoring of process parameters, thereby significantly shortening order delivery cycles. While implementing refined cost control at the production site, the company has also introduced a solar power generation system and set up an energy consumption monitoring platform, resulting in a continuous reduction in unit energy consumption. By adopting a localized supply chain strategy and establishing collaborative mechanisms with suppliers in Wuhu and surrounding areas, the company has reduced the inventory turnover days for key components, effectively mitigating the impact of fluctuations in raw material prices. With IATF 16949 and ISO 14001 certifications, the company has seen a 20% reduction in quality-related loss costs, an increase in order fulfillment rate to 98%, and enhanced customer satisfaction, which in turn has boosted its ability to command premium pricing. In the first quarter, Qianchao Intelligent Manufacturing in Wuhu achieved a year-on-year revenue growth of 41.69% and a significant year-on-year profit increase.

Chongqing Wanxiang Digital Intelligence

Wanxiang Digital Intelligence (Chongqing) Co., Ltd. has deepened its presence in the new-energy vehicle drive axle market, adding 11 new “9N” projects and developing 18 new products, making it a new engine for growth. The company is promoting lean production and building digital intelligence initiatives, including the establishment of an industrial internet platform that connects 151 pieces of equipment, enabling real-time data monitoring. As a result, problem resolution speed has improved by 30%, production efficiency has risen by 9.49%, and equipment failure rates have dropped by 3.89%. The company’s digital transformation efforts have yielded remarkable results. Through coordinated procurement and technology initiatives, costs have been reduced by over 4 million yuan, and supply chain management continues to be optimized. In 2025, the company will further advance the implementation of fully automated stereoscopic warehouses and AGV robots, accelerating the integration of AI technologies and digital twin applications. In the first quarter, Wanxiang Digital Intelligence Chongqing achieved a year-on-year revenue increase of 61.03% and a substantial year-on-year profit growth, exceeding its annual targets.

Wanxiang Shanghai Technology

Wanxiang (Shanghai) Technology Co., Ltd. has actively pursued project designation from key customers. Specifically, the W customer’s EPB assembly mass production project has generated an additional revenue of 69.5 million yuan. Meanwhile, the Y customer’s project, the B customer’s EVC4 project, and the W customer’s E261 and F511 rear caliper projects have all completed the designation process in the first quarter. Through business negotiations with major BOM component suppliers, the company has achieved cost reductions of nearly 4 million yuan via measures such as price reductions, optimized payment terms, and extended invoice payment periods. Additionally, VAVE initiatives have resulted in cost savings exceeding 1 million yuan. The company has also implemented stringent controls over the three major expense categories—business expenses, office expenses, and travel expenses—achieving year-on-year reductions of more than 2 million yuan across these areas. In the first quarter, Wanxiang Shanghai Technology itself saw a 48.02% year-on-year increase in revenue and a substantial year-on-year rise in profits.

Wuhan Wanxiang Intelligent Manufacturing

Wanxiang (Wuhan) Intelligent Manufacturing Co., Ltd. has achieved significant growth by making precise breakthroughs in areas such as market development, cost management, and operational management. From January to March, demand for the company’s C-user P03 and A-user G101 series main products surged, resulting in a substantial year-on-year increase in orders. To meet market demands, the company has stepped up R&D investment, strengthened customer loyalty, nurtured new business lines, and optimized its profit structure. On the cost side, the company has implemented supply-chain optimization measures, reducing logistics costs by 14%, packaging costs by 23%, and sales expenses by 63%. Moreover, automation upgrades on production lines have improved equipment OEE. In terms of operations, the company has reinforced accounts-receivable management, cutting overdue receivables by 52.56%. In the first quarter, Wanxiang Intelligent Manufacturing Wuhan achieved a 16.1% year-on-year increase in revenue and a substantial year-on-year rise in profits.

Wanxiang Intelligent Manufacturing Liuzhou Plant

In recent years, the Liuzhou plant of Wanxiang Intelligent Manufacturing Co., Ltd. has seized the opportunity presented by the rapid development of new-energy vehicles, actively expanding into new businesses and markets, thereby laying a solid foundation for the company’s sustained and stable growth. In the first quarter, the company focused on the modular assembly project for the entire product line serving D customers, which generated sales revenue exceeding 150 million yuan. On the production side, the company has boosted efficiency through intelligent upgrades to its equipment and optimized the allocation of human resources, thereby avoiding unnecessary labor costs. In terms of inventory management, the company adheres to the principle of “production based on sales,” adopting a pull-based production model to minimize the risk of inventory buildup and maintaining relatively low product production costs compared to its peers. In procurement, the company has innovated its cooperation models and introduced competitive mechanisms, reducing costs by more than 1 million yuan. In the first quarter, Wanxiang Intelligent Manufacturing’s Liuzhou plant achieved a year-on-year revenue growth of 73.02% and a substantial year-on-year increase in profits.

Shishou Qianchao Intelligent Manufacturing

Qianchao Intelligent Manufacturing (Shishou) Co., Ltd. has achieved a significant boost in production efficiency by making concerted efforts in digital and intelligent upgrades, technological innovation, and quality management. The company has completed projects including process improvements, digital transformation, workforce optimization, and in-house mold manufacturing, yielding annualized benefits exceeding 4 million yuan. By upgrading its right-angle polishing equipment, the company has reduced energy consumption by more than 300,000 yuan annually. Additionally, the introduction of a photovoltaic power generation system coupled with an energy consumption monitoring platform has led to a substantial decrease in unit energy consumption. The company remains committed to technological innovation and has increased R&D investment, successfully developing over 40 new products and initiating the production development of more than 20 existing products. Ongoing training programs have strengthened quality awareness, and the company has implemented tracking of first-pass yield rates. As a result, customer complaints have dropped by 30% year-on-year, and quality losses have been reduced by 36%. In the first quarter, output value increased by 6.71% year-on-year, direct labor productivity rose by 8.3% year-on-year, and both revenue and profit recorded year-on-year growth.

Huainan Bearing

Huainan Qianchao Bearing Co., Ltd. is witnessing robust growth in its business of single-row tapered roller bearings and needle roller bearings. The company is seizing the opportunities presented by the recovery of markets in the new energy sector and construction machinery industry, continuously optimizing its product mix, deepening strategic partnerships with key customers, and steadily increasing its market share in the domestic original equipment manufacturer (OEM) supply chain. On the production side, the company has vigorously promoted the transformation of automated production lines and innovation in manufacturing processes, resulting in a 20.6% year-on-year increase in production capacity, a 16.6% year-on-year rise in output value, and a 2.3% improvement in equipment utilization efficiency. By optimizing supply chain management and implementing precise cost control measures, the company has significantly enhanced its overall operational efficiency. In terms of technological R&D, the company has focused on tackling key performance indicators such as bearing load-carrying capacity and service life, successfully mass-producing several high-performance needle roller ball ring bearings tailored to meet the demands of harsh operating conditions. In the first quarter, Huainan Bearing achieved an 8.8% year-on-year increase in revenue and a substantial year-on-year growth in profits.

The strong start to the first quarter highlights the company’s robust resilience and dynamic growth momentum. All enterprises are seizing the momentum to forge ahead, continuing to stay user-centric, deepening the integration of digital and intelligent technologies, strengthening resource integration and collaborative innovation, and solidifying their core competitiveness. They are targeting the “9N” key user segments in the automotive market, agricultural machinery, and construction machinery sectors. Moreover, they are firmly committed to driving technological innovation by conducting industry research centered on AI, humanoid robots, and the low-altitude economy, developing new products and technologies, and injecting powerful impetus into both performance growth and sustainable development. At the same time, enterprises are vigorously pursuing cost reduction and expense control, taking human resource optimization, digital empowerment, supply chain enhancement, and cross-company and cross-department collaboration as key levers. They are closely tracking and implementing various KPI indicators, achieving multi-dimensional cost reductions and efficiency improvements, ensuring continuous enhancement of profitability, and striving wholeheartedly to meet the annual targets and tasks.