Jinxi Axle: Technological R&D Helps Performance Take Off

Jinxi Axle Co., Ltd. is the largest manufacturer in China, has the most variety of axle specifications, and is the first manufacturer to obtain export train axles and subway axles, and currently has the largest number of export axles. Its domestic market share exceeds 1/3. The company is also the only company in China capable of producing hollow shaft technology. The price of hollow shafts is far lower than international prices, and the products have strong international competitiveness.

The company’s operating income for the first quarter was RMB430 million, which was a year-on-year increase of 32.2% and operating profit of RMB20 million, a year-on-year increase of 358.58%. The growth of the company's operating income in the first quarter mainly relied on the increase in the vehicle revenue of Jinxi, its holding subsidiary. Jinxi vehicles are mainly engaged in the production and sales of railway wagons. With the gradual increase in the scale of China’s railway construction and the increase in rail freight demand, the Ministry of Railways has also increased the number of rail freight vehicles purchased year by year. Jinxi Axle is a company that specializes in the production and sale of railway axles, light rails, and subway axles. Its products are sold to over a dozen countries and regions such as the United States, South Korea, and Australia. At the same time, the company passed a private placement in 2009 and acquired. The second largest railway axle production enterprise in China, Jinxi Vehicles, Baotou Northern Forging and Railway Freight Wagons, has become the world’s largest railway vehicle axle manufacturer. It is expected that the company’s axle production capacity will reach 250,000 by 2012, including 4 50,000 precision machining axles. In 2011, Jinxi Axle will increase its efforts in building a technological innovation system, enhance its independent innovation capabilities, and vigorously carry out research on the application of new technologies and new products. Focusing on the "home-made high-speed EMU hollow shaft development project" and "new material heavy-duty truck axle development project", to achieve the transformation and upgrading of railway construction to adapt to the specialization of capacity building and the use of axle products as the core of the industrial chain extension. Trial production of "GQ70 light tanker" and "South Africa side frame, US SCT bolster and side frame" trial production will be the breakthrough opportunity to form a variety of product manufacturing capabilities that will adapt to the market. As a whole, products for railway vehicles and parts will be built. system.