Located at the Automobile Industrial Park of Xiangyang Hi-tech Zone, Hubei New Torch Technology Co., Ltd. is the wholly-owned subsidiary of Shuanglin (stock code: 300100, market value of equity 18.4 billion Yuan by June 20th, 2016 ). The company covers an area of 603 mu (about 402,000 m2), and has 1,723 employees, among whom there are total 201 people that have university degrees including 9 doctoral degrees and 16 master’s degrees, and 48 senior engineers. The company mainly produces hub bearings and hub bearing units for passenger cars. The company has international advanced technology in the differentiate market of hub bearing for passenger cars in China and its production and sales volume is among top two in China.
The company’s main clients include foreign clients like Ford (America) and Peugeot Citroen, joint ventures like SAIC Volkswagen,Dongfeng Peugeot Citroen, Dongfeng Nissan, GAC Fiat, SGMW, and Changan Ford, as well as domestic brands like Dongfeng,GAC, BAIC, FAW, Great Wall, Changan, Chery, Brilliance, Geely, BYD, etc.
The company has gained 6 international patents for invention and 54 national patents, 3 national key new products, 3 key projects of national Torch Program, 2 key major technology projects of Hubei Province, and 4 key new products of Hubei Province.
The company has set up North America Office in Detroit, America and has set Europe Office in Dusseldorf, Germany.
In 2016, the company has gained output value of 2,037 million Yuan,which increased 28.3% year-on-year. In terms of net profits and taxes, the company ranked second among the private industrial enterprises in Xiangyang City. In terms of foreign exchange earnings through export, the company ranked first in Xiangyang City with earnings of 61.17 million dollars.