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Anhui Tuoshan Heavy Industry Co., Ltd.
Anhui Tuoshan Heavy Industry Co., Ltd. (Stock Code: 001226) is headquartered in Guangde City, Anhui Province, a strategic location where the three provinces of Jiangsu, Zhejiang, and Anhui meet. As a frontier position in the integrated development of the Yangtze River Delta, the company successfully landed on the main board of the Shenzhen Stock Exchange in 2022, becoming an important force in the regional capital market. The company is not only a high-tech enterprise but has also been awarded the title of 'Little Giant' enterprise specializing in innovation by the Ministry of Industry and Information Technology, as well as a provincial-level specialized and innovative enterprise. It is a benchmark listed company in the domestic precision forging sub-sector.
Having been deeply engaged in the precision forging industry for over thirty years, Tuoshan Heavy Industry has established a robust intelligent manufacturing system. The company owns 26 forging production lines ranging from 400 tons to 4000 tons, 20 heat treatment production lines, and hundreds of CNC machines and machining centers, with a massive production capacity of 10 million chain track links, 12 million pin bushings, 3 million wheel bodies, and over 120,000 tons of forgings annually. On this basis, the company highly focuses on the core components of mainstream engineering equipment such as excavators, bulldozers, and loaders, precisely targeting three major areas: first, the traveling system, with a focus on the R&D and production of chassis 'four wheels and one track' assemblies (drive wheels, idler wheels, track rollers, carrier rollers, and tracks); second, the working device, covering key wear-resistant components such as bucket teeth; and third, the transmission and braking systems, providing high-reliability power transmission and safety control for heavy equipment.
Relying on a complete quality control system and technology support deeply integrated with industry-university-research collaboration, Tuoshan Heavy Industry has built a competitive global customer matrix. The company's products not only cover more than 30 provinces across the country but are also exported to Southeast Asia and European markets, providing in-depth support to leading domestic and international machine manufacturers such as Sany Heavy Industry, XCMG, Komatsu Japan, Zoomlion, Liugong, and Caterpillar. For consecutive years, it has been awarded the titles of 'Excellent Supplier' and 'Strategic Alliance' by core customers. In the future, Tuoshan Heavy Industry will continue to uphold the tenet of 'technological innovation and integrity-based,' using high-quality technology to empower the global construction machinery industry chain and steadily move toward the ranks of world-class advanced manufacturing enterprises.
Zhejiang Tuoshan Machinery Co., Ltd. (Wholly Owned Subsidiary)
Zhejiang Tuoshan Machinery Co., Ltd., as a wholly-owned subsidiary of Anhui Tuoshan Heavy Industry Co., Ltd. (stock code: 001226), has been the group’s longest-standing and most deeply rooted core manufacturing base since its establishment in 1989. The company is located in Puqing Industrial Area, Damaiyu Street, Yuhuan City, Taizhou, Zhejiang Province, right in the heart of China’s high-end equipment and precision parts manufacturing hub. Over the past thirty-plus years, the company has focused on the field of construction machinery components, accumulating rich industry manufacturing experience and a mature process system, laying a solid foundation for the group’s long-term development.
In terms of main business and product layout, Zhejiang Tuoshan Machinery concentrates on the R&D, precision manufacturing, and import-export trade of core parts for construction machinery. With the strong technical support from its parent company, the company is capable of precision machining of parts, assembly, and full-chain quality control. Its product lineup mainly targets key components for heavy equipment like excavators and bulldozers, covering chassis and travel system pin and bushing series. The company also independently develops and manufactures high-value wearable components for work attachments, including excavator bucket teeth, tooth seats, boom pins, track pins, and multi-hook ripper teeth, holding multiple nationally authorized utility model and invention patents.
From a strategic and business synergy perspective, Zhejiang Tuoshan Machinery makes full use of the Yangtze River Delta’s advantageous location, industrial clustering, and mature foreign trade channels. It focuses on three core missions: first, serving as the group’s eastern market support hub to ensure supply chain stability for top local equipment manufacturers; second, acting as a core window for export, delivering high-quality products to more than 30 countries and regions worldwide, including Southeast Asia and Europe; third, functioning as a mass production base for traditional core components, maintaining huge annual forging output capacity. By connecting the Yangtze River Delta industrial supply chain and expanding global trade markets, Zhejiang Tuoshan Machinery has become an indispensable platform for the group to secure its foundation and execute its global strategy.
Anhui Tuoshan Precision Technology Co., Ltd. (wholly-owned subsidiary)
Heavy Industry Co., Ltd. (stock code: 001226), has shouldered the core mission of upgrading the group's high-end intelligent manufacturing and expanding production capacity since its establishment in 2022. The company is located in the strategic area at the junction of Jiangsu, Zhejiang, and Anhui provinces — the Economic Development Zone of Guangde City, Anhui Province. Leveraging the advantages of local industrial clusters, it fully focuses on the research and development of high-end precision components, the industrial application of new material technologies, and the production of highly reliable engineering machinery support products.
In terms of major strategic layout and production capacity construction, Tuoshan Precision is actively promoting the "150,000-ton per year engineering machinery core components intelligent manufacturing project," with a total investment of 1.2 billion yuan. The project plans for a total land area of about 300 mu and a total building area of about 120,000 square meters, progressing steadily in two phases. The successful implementation of the project will greatly enrich the company's product matrix and meet the enormous production capacity required for future business expansion.
Regarding production technology and process innovation, Tuoshan Precision deeply integrates the group's more than thirty years of accumulated mature forging, heat treatment, and precision processing technologies. By introducing intelligent technological transformation projects and large-scale automated production lines, the company focuses on the iterative upgrade of high-end products and the research and production of customized precision products. This not only effectively undertakes the transfer and upgrading of the group's high-end manufacturing capacity but also significantly enhances the independent complete production capability of chassis components and assemblies.
From a strategic perspective, the establishment of Tuoshan Precision and the implementation of its projects are highly aligned with national industrial policies and the trend of electrification and intelligent development in the industry. It is not only a key engine for the group to achieve the three major leaps of "high-end products, intelligent processes, and large-scale production capacity" but also lays a solid foundation for consolidating the group's leading position in the niche market of engineering machinery core components and enhancing global core competitiveness.
Henan Xinkaiyuan Petrochemical Pipeline Co., Ltd. (holding subsidiary)
Henan Xinkaiyuan Petrochemical Pipeline Co., Ltd. was established in 2012 and is a specialized and innovative "Little Giant" enterprise introduced by the group through capital operations and cross-industry mergers and acquisitions. As the core platform for the group's high-end specialty materials business, Xinkaiyuan is located in the Luoyang Xin'an Economic and Technological Development Zone, and has long been deeply engaged in the fields of sulfur- and hydrogen-resistant special pipe fittings and titanium alloy new materials. With its deep technical foundation, the company has not only participated in drafting multiple national standards but has also been awarded multiple honors as a National Intellectual Property Advantage Enterprise and Henan Province Manufacturing Industry Enterprise, building a very high technical barrier in the industry.
In terms of core technologies and product matrix, New Open Source possesses strong capabilities in supporting high-end equipment. In terms of traditional core business, the company is the first domestic engineering technology and production base for high-sulfur and acid-resistant pipe fittings. Its core products such as specialty hot-fired bent pipes rank among the top three in the national market share in high-sulfur oil and gas fields like the Tarim oilfield; In terms of new material breakthroughs, the company has successfully overcome challenges in titanium alloy fabrication processes. Its independently developed titanium alloy oil tubing, ship tubing, and heat exchanger tube bundles significantly outperform traditional materials in strength, corrosion resistance, and lightweight design, with a lifespan of over 30 years, precisely adapting to extreme harsh scenarios such as deep-sea oil and gas extraction, nuclear power, ships, and even military missile hulls. Currently, the company is actively developing cutting-edge products such as large-diameter seamless pipes and titanium alloy drill pipes, further expanding the boundaries of applications.
In terms of market layout and customer resources, New Open Source is deeply connected to leading domestic energy giants and serves as a long-term strategic supplier to large central enterprises such as PetroChina, Sinopec, CNOOC, and National Pipeline Network. At the same time, the company's products have been successfully exported to regions such as the Middle East and Central Asia, and it has widely participated in major international projects such as the "Belt and Road" initiative and China-Myanmar natural gas projects. This stable, high-quality customer base provides a solid foundation for the company's sustained profitability.
From the perspective of group strategic synergy, the addition of New Open Source perfectly fills the business gap in the special precision pipe fittings and high-end new material components sector. Relying on Tuoshan Heavy Industry's strong precision machining and manufacturing capabilities and refined management experience, combined with new open-source new material R&D and design advantages, the two parties achieved a high degree of industrial complementarity. This not only marks the Group's official positioning in high-prosperity sectors such as oil and gas, nuclear power, aerospace, shipbuilding, military industry, and marine engineering, successfully establishing a dual-driven pattern of "construction machinery and high-end petrochemical equipment," but also significantly enhances the Group's diversified development level and anti-cyclical risk capabilities, becoming the core pillar for the Group's second growth curve.