1.1 Overview of the Company

Zhejiang Shitai Industrial Co., Ltd. is a limited liability company specializing in the manufacture of automotive components and aerospace powertrain components. Established in August 1998, the company was originally named Sanmen County Shitai Industrial Co., Ltd. of Zhejiang Province and was renamed Zhejiang Shitai Industrial Co., Ltd. in May 2014.

The company currently boasts total assets of RMB 400 million, occupies a site of over 110,000 square meters, with nearly 70,000 square meters of factory space, and has an annual production capacity of 100 million automotive components and aerospace engine parts. The company serves both domestic and international OEM supply markets, as well as major vehicle manufacturers and procurement groups. Over the years, it has been a key supplier to leading automakers such as SAIC-GM-Wuling, Brilliance, Dongfeng, and Geely, while also exporting its products to Europe, North America, and the Asia-Pacific region.

1.2 Product Introduction

The company’s principal product portfolio comprises twelve major categories—engine mounting systems, chassis system assemblies, rubber vibration isolators, rubber seals, plastic components, automotive ball joint assemblies, control arm assemblies, aerospace seals, and aerospace rotating components—covering more than 1,200 distinct specifications and variants. The performance of these products meets the quality standards of original equipment manufacturers and is on par with the most advanced domestic offerings in their respective segments. Through technological upgrades and robust R&D investment in new products, the company has expanded its production scope from components for microcars to those for mid- and high-end passenger vehicles. Furthermore, it has established cooperative agreements with four leading global suppliers of high-end passenger vehicle components, specializing in the manufacture of hydraulic engine mounts, steering components, and drivetrain-related chassis parts for premium automobiles.

1.3 Personnel Introduction

The company currently employs nearly 400 people, including close to 100 with college degrees or higher and more than 50 R&D personnel. It boasts a highly experienced team dedicated to the R&D, manufacturing, and testing of automotive engine mounts and chassis components, comprising over 20 engineers and other professionals holding senior titles, as well as more than 90 highly skilled technicians and workers at or above the senior level. In 2021, the company established a provincial-level postdoctoral research station.

1.4 Equipment Capability Overview

The company boasts state-of-the-art production equipment and, guided by the principle of leveraging technological advancement to enhance economic efficiency, has invested in top-tier domestic manufacturing facilities. These include a fully enclosed automated rubber mixing system, an automated phosphating line, automatic adhesive applicators, German DESMA rubber injection molding and vulcanization presses, a 300-ton dieless vulcanization press, a microwave vulcanization line for rubber sealing strips, injection molding machines ranging from 100 to 5,000 grams, thick-sheet thermoforming machines, as well as machining centers, CNC lathes, stamping production lines, automated welding machines, and forging equipment for forged aluminum and forged iron. This comprehensive array of rubber and plastic processing machinery, coupled with metalworking equipment such as machining centers, CNC lathes, and stamping lines, along with forging facilities for forged aluminum and forged iron, enables the company to achieve end-to-end in-house manufacturing across all stages—from raw material forging and mechanical machining to rubber and plastic fabrication. In addition, the company has implemented an ERP-based production management system, which not only controls costs but also ensures consistent product quality, thereby providing robust support for market expansion.

The company’s laboratory is equipped exclusively with state-of-the-art foreign testing equipment, including the American MTS multi-channel elastomer testing system, the British Instron servo testing machine, and the Siemens NVH tuning system, among others. It boasts comprehensive inspection and testing capabilities in areas such as mechanical analysis, metallographic analysis, chemical composition analysis, and assembly fatigue testing, and has obtained certification recognizing its supplier testing verification and inspection capabilities from major automotive OEMs.

1.5 Introduction to R&D Capabilities

The company has successively been recognized as a National High-Tech Enterprise, a Science-and-Technology-Based Small and Medium-Sized Enterprise of Zhejiang Province, and an Innovative Demonstration SME of Zhejiang Province. Its Technology Center has been designated by the Zhejiang Provincial Department of Science and Technology and the Zhejiang Provincial Commission of Economy and Information Technology as a Provincial High-Tech Research and Development Center, a Provincial Enterprise Research Institute, and a Provincial Enterprise Technology Center, respectively.

The company places great emphasis on enhancing its technological innovation capabilities and has strengthened its collaboration with leading universities and research institutions. In particular, it has established robust partnerships with Jilin University, the China Helicopter Design Institute, Nanjing University of Aeronautics and Astronautics, and other prominent organizations, thereby establishing a research system characterized by independent R&D and joint problem-solving. The company holds 13 authorized invention patents and 7 utility model patents, and in September 2016 was recognized as a patent demonstration enterprise by the Taizhou Municipal Government.

1.6 Introduction to the Quality Management System

The company has consistently regarded product quality as the lifeblood of the enterprise. In November 2001, it obtained ISO 9001 and QS 9000 certifications; in August 2005, it achieved ISO/TS 16949 certification; in December 2009, it secured GJB 9001 certification for the national military standard; in September 2015, it earned AA-level measurement management system certification and was awarded the AAA-level Certificate of Good Standardization Practices; it also obtained AS 9100 certification for civil aviation quality management. In January 2018, the company further achieved ISO 14001 environmental management system certification and ISO 18001 occupational health and safety management system certification, and operates in strict compliance with all applicable system requirements.

In 2016, the company was awarded the Sanmen County Government Quality Award, and in 2017, it received the Taizhou Municipal Government Quality Award.

1.7 Vision

Based on a thorough analysis of both internal and external environments and a systematic review of the factors that have contributed to the company’s success, the company has struck a balance among the interests of all stakeholders. Guided by the development philosophy of “pioneering, innovation, integrity, and pragmatism,” it has articulated the corporate values of “creating value for customers, fostering opportunities for employees, and driving prosperity for society.” Under the corporate vision of “Shitai: Ensuring Stability Across Generations,” and guided by the corporate mission of “Shitai, Ensuring Stability for Generations to Come,” the company is committed to developing into a domestically leading production base for high-potential automotive components and aerospace engine parts. This distinctive corporate culture, imbued with the unique characteristics of Shitai Industrial, serves to promote the company’s healthy and sustainable growth.