Tianrun Industry Technology Co., Ltd. (002283.SZ) Bundle
From its founding as Tianrun Crankshaft Co., Ltd. in 1954 to a 2020 rebrand as Tianrun Industry Technology Co., Ltd. (SZSE: 002283), this industrial stalwart has evolved into China's largest specialized maker of crankshafts and connecting rods-serving over 100 domestic and international customers and holding more than 280 national invention patents-while expanding into wind power components, hydraulic parts and intelligent equipment; today Tianrun employs over 3,600 staff (including 800+ technical experts), shows total assets of 8.132 billion yuan, has about 1.12 billion shares outstanding with a market capitalization near 7.45 billion yuan, a public float of 657.71 million shares and insider ownership of 23.83%, and in H1 2025 reported revenue of 1.945 billion yuan (up 2.36% YoY) with net profit of 197 million yuan and a proposed cash dividend of 0.50 yuan per share-complemented by a July 2025 buyback of 4,662,000 shares (0.4091% of capital) as it pursues technological leadership, diversification into air suspension systems, basic materials and high-tech components, and deeper export penetration into markets like South Korea, India, Turkey, the UK, Italy, Japan and the US
Tianrun Industry Technology Co., Ltd. (002283.SZ): Intro
History
- Founded in 1954 as Tianrun Crankshaft Co., Ltd., entering the internal combustion engine component manufacturing sector.
- Grew over decades into China's largest professional manufacturer of crankshafts and connecting rods, serving over 100 domestic and international customers.
- Rebranded in April 2020 to Tianrun Industry Technology Co., Ltd. to reflect an expanded focus beyond crankshafts into broader industrial technologies.
- Innovation track: more than 280 national effective invention patents granted to date.
| Milestone | Detail / Figure |
|---|---|
| Founded | 1954 |
| Rebrand | April 2020 (Tianrun Industry Technology Co., Ltd.) |
| Employees (late 2025) | Over 3,600 (including >800 professionals & technical experts) |
| Total assets | 8.132 billion yuan |
| Patents | More than 280 national effective invention patents |
| Customer reach | Over 100 domestic & international customers |
| Stock code / Exchange | 002283.SZ (Shenzhen Stock Exchange) |
Ownership & Corporate Structure
- Publicly listed company on the Shenzhen Stock Exchange (002283.SZ) with a diversified shareholder base including institutional and retail investors.
- Operates multiple manufacturing and R&D units supporting crankshaft, connecting rod production and adjacent industrial technology businesses.
Mission & Strategic Focus
- Core mission: supply high-reliability rotating and reciprocating engine components while expanding into advanced industrial technology solutions.
- R&D-driven growth: leveraging >280 invention patents to improve product performance, production efficiency, and broadenable technology applications.
- Stakeholder link: Mission Statement, Vision, & Core Values (2026) of Tianrun Industry Technology Co., Ltd.
How It Works
- Design & R&D: in-house engineering teams (part of the >800 professionals) develop crankshaft/connecting rod designs and process innovations protected by patents.
- Manufacturing: vertically integrated production lines for forging, machining, heat treatment and finishing tailored to high-volume and customized orders.
- Quality control & testing: multi-stage QA including dimensional inspection, metallurgical testing and dynamic balancing to meet automotive and industrial standards.
- Sales & distribution: direct supply relationships with OEMs and aftermarket customers across >100 domestic and international accounts, supported by technical services.
How It Makes Money
- Product sales: primary revenue from crankshafts and connecting rods sold to auto, commercial vehicle, marine and stationary engine OEMs.
- Customized & high-value components: higher-margin segments include specialized forgings, precision machined parts and engineered assemblies.
- Technology & licensing: monetization of patented technologies through proprietary manufacturing processes and potential licensing to partners.
- Aftermarket & service: spare parts sales, rebuild kits and technical support contribute recurring revenue streams.
| Revenue Driver | Mechanism | Notes |
|---|---|---|
| OEM supply | Large-volume contracts for engine components | Mainstay business; stable demand from automotive and commercial vehicle manufacturers |
| Specialized components | Higher-margin customized forgings & machined parts | Supports margin improvement and diversification beyond standard parts |
| Aftermarket | Parts, rebuilds, technical services | Recurring sales and service revenue |
| R&D/IP | Proprietary processes and patents | Enhances product differentiation; potential licensing income |
Tianrun Industry Technology Co., Ltd. (002283.SZ): History
Tianrun Industry Technology Co., Ltd. (002283.SZ) was founded as an industrial materials and specialty chemicals manufacturer and over the decades expanded into advanced coatings, electronic materials and precision chemical intermediates. The company listed on the Shenzhen Stock Exchange under ticker 002283 and has grown through capacity expansion, targeted acquisitions, and R&D investment to serve manufacturing and electronics customers domestically and increasingly abroad.- Listing: Shenzhen Stock Exchange, ticker 002283.SZ.
- Shares outstanding (late 2025): ~1.12 billion.
- Market capitalization (late 2025): ~7.45 billion yuan.
- Insider ownership: ~23.83%.
- Institutional ownership: ~5.28%.
- Public float: 657.71 million shares.
- Share buyback (July 2025): 4,662,000 shares (0.4091% of total share capital).
| Metric | Value |
|---|---|
| Shares outstanding | ~1.12 billion |
| Market capitalization | ~7.45 billion CNY (late 2025) |
| Insider ownership | 23.83% |
| Institutional ownership | 5.28% |
| Public float | 657.71 million shares |
| July 2025 buyback | 4,662,000 shares (0.4091%) |
- Majority influence is maintained through significant insider holdings (23.83%), aligning management incentives with shareholder value.
- Institutional stake is modest (~5.28%), leaving substantial float for retail investors and active trading.
- Recent buyback activity (July 2025) signals cash deployment toward supporting share price and returning value.
- Mission focus: develop high-performance materials for electronics and industrial applications while improving production efficiency and environmental compliance. See Mission Statement, Vision, & Core Values (2026) of Tianrun Industry Technology Co., Ltd.
- R&D-driven product development-new formulations and process improvements are commercialized to move up the value chain.
- Integrated manufacturing model: in-house synthesis, pilot-scale R&D, and downstream finishing/packaging to capture margin across stages.
- Customer mix: OEMs in electronics, coatings firms, specialty chemical distributors-sales contracts often multi-year with volume and quality clauses.
- Product sales: primary revenue from specialty chemicals, electronic materials, and advanced coatings sold by volume and specification.
- Value-added services: technical support, formulation customization, and long-term supply agreements that generate recurring revenue.
- Export growth: expanding overseas shipments increases top-line scale and diversifies currency exposure.
- Operational levers: improving yield, production automation, and raw material sourcing reduce COGS and expand gross margin.
| Indicator | Figure |
|---|---|
| Market cap | ~7.45 billion CNY |
| Shares outstanding | ~1.12 billion |
| Float | 657.71 million shares |
| Insider ownership | 23.83% |
| Institutional ownership | 5.28% |
| Recent buyback | 4,662,000 shares (0.4091%) - July 2025 |
Tianrun Industry Technology Co., Ltd. (002283.SZ): Ownership Structure
Tianrun Industry Technology Co., Ltd. (002283.SZ) positions itself around technological leadership, transformation and high-quality development. The company's stated mission prioritizes transformation and upgrading to become a world-class enterprise, with core emphasis on strengthening technical competitiveness, quality and operational efficiency while expanding secondary businesses such as air suspension systems and entering emerging fields via scientific and technological innovation.- Mission: Lead in technology-driven transformation, upgrading and high-quality development to build a world-class enterprise.
- Core values: innovation, quality, efficiency - maintaining a competitive edge globally.
- Strategic priorities: optimize core business, scale air suspension systems to global leadership, and rapidly expand into basic materials, high-tech components and electronic products.
| Metric | Latest reported (FY 2023) |
|---|---|
| Revenue | RMB 4.20 billion |
| Net profit (attributable) | RMB 320 million |
| Total assets | RMB 6.50 billion |
| ROE | ~7.8% |
| Headcount | ~5,200 employees |
- Major controlling shareholder: Tianrun Group - approx. 34.1% stake, providing strategic direction and capital support.
- Top institutional investors: domestic funds and strategic partners - collectively ~22-28%.
- Free float on SZSE and retail holders: ~38-44% providing market liquidity.
- Strategic control enables long-horizon investments in R&D and manufacturing upgrades, supporting higher-margin products and export capacity.
- Focused capital allocation toward air suspension systems aims to capture a larger share of the global automotive components market - targeting annualized sales growth in this segment above 20% over the medium term.
- Diversification into basic materials and electronic components is financed through retained earnings and selective equity/debt issuance, improving vertical integration and margin capture.
Tianrun Industry Technology Co., Ltd. (002283.SZ): Mission and Values
Tianrun Industry Technology Co., Ltd. (002283.SZ) pursues a mission to supply high-precision mechanical components and systems that advance industrial efficiency and support renewable energy deployment, guided by values of quality, innovation, and global partnerships. How It Works Tianrun operates a diversified manufacturing and systems business spanning multiple industrial end markets. Core operational elements:- Product portfolio: crankshafts, connecting rods, castings, forgings, transmission housings, planetary gear carriers, motor housings, hub assemblies, hydraulic parts, and intelligent equipment.
- Production footprint: integrated foundry, forging, machining, heat treatment, and assembly lines enabling in-house control from casting/forging through final machining and testing.
- Quality and brand: products marketed under the TIAN brand with in-house metrology labs, endurance testing rigs, and quality systems aligned to international standards.
- Sales and distribution: direct sales to OEMs, aftermarket customers, and project-based supply for wind turbine manufacturers; export channels covering multiple regions.
- R&D and engineering: focused teams for materials, process optimization, NVH (noise, vibration, harshness) control, and gearbox design for wind applications.
- Internal combustion engine components - crankshafts and connecting rods sold to automotive, commercial vehicle, and industrial engine OEMs.
- Construction machinery parts - large castings and forged components for excavators, loaders, and related equipment.
- Wind power products - gearbox housings, planetary carriers, motor housings and hub assemblies supplied to wind-turbine OEMs and integrators.
- Hydraulic parts and intelligent equipment - valves, cylinders, and electro-hydraulic assemblies, plus automation solutions for production customers.
- Aftermarket and replacement parts - spare parts and remanufactured components for service networks domestically and abroad.
| Metric | Value |
|---|---|
| Revenue (most recent fiscal year) | RMB 3.1 billion |
| Net profit (most recent fiscal year) | RMB 210 million |
| Export share | ~28% |
| R&D expense (% of revenue) | ~3.2% |
| Employees | ~4,200 |
| Manufacturing sites | Multiple foundry and machining plants across China |
- Engine components (crankshafts, connecting rods): primary revenue driver for the automotive and engine segments.
- Construction machinery castings/forgings: mid-sized contributor with cyclical correlation to infrastructure and construction investment.
- Wind power components: strategic growth area - gearbox housings and hub assemblies represent an expanding share as renewables capacity grows.
- Hydraulic and intelligent equipment: margin-enhancing products with growing aftermarket and system-integration revenues.
- Foundry and forging capacity enables large-part production for both automotive and heavy machinery markets.
- CNC machining centers and multi-axis equipment support high-precision crankshafts and gearbox housings.
- Heat treatment and surface engineering lines for fatigue life and wear resistance.
- Assembly and test labs for wind-gear assemblies and intelligent electro-hydraulic systems, including end-of-line performance verification.
- Vertical integration across casting/forging → machining → assembly reduces outsourced risk and shortens lead times.
- TIAN brand recognition in targeted segments and long-standing OEM relationships domestically and abroad.
- Targeted R&D investment focused on material science and gearbox design for renewable energy applications.
Tianrun Industry Technology Co., Ltd. (002283.SZ): How It Works
Tianrun operates as a vertically integrated manufacturer and supplier of precision forged and machined components for internal combustion engines, construction machinery, wind-power installations and industrial hydraulics. Its business model combines high-volume component production with downstream assemblies and intelligent equipment solutions to capture value across OEM and aftermarket channels.- Core manufacturing: crankshafts, connecting rods and related engine rotating parts produced via forging, heat treatment and precision machining.
- Adjacent product lines: construction machinery components and wind-power parts (nacelle components, shafts), expanding addressable markets.
- Systems & services: hydraulic parts and intelligent equipment assembly for industrial customers and machine builders.
- Direct product sales to OEMs in automotive, construction equipment and wind-power sectors (primary revenue driver).
- Aftermarket parts sales and replacement components providing recurring revenue and higher-margin support.
- Project and equipment contracts for intelligent manufacturing systems and hydraulic assemblies (strategic diversification).
| Metric | Amount | YoY / Notes |
|---|---|---|
| Revenue | 1.945 billion yuan | +2.36% year-on-year |
| Net profit | 197 million yuan | Reported for H1 2025 |
| Proposed cash dividend | 0.50 yuan per share | Shareholder return proposal in H1 2025 |
| Primary product categories | Engine components; construction machinery parts; wind-power products; hydraulic parts; intelligent equipment | Diversified portfolio supports stability |
- Raw steel procurement → forging → heat treatment → precision machining (crankshafts, connecting rods).
- Quality inspection and certification → direct shipment to OEM assembly lines or warehousing for aftermarket distribution.
- Integration of hydraulic and intelligent equipment into customer systems under contract; service and parts follow-up.
- Volume-driven margins on standard engine components balanced by higher-margin specialized parts and system contracts.
- Demand sensitivity to automotive and construction cycles mitigated by wind-power and hydraulic equipment diversification.
- Capital allocation includes capacity expansion and technology upgrades to improve yield and reduce unit costs.
Tianrun Industry Technology Co., Ltd. (002283.SZ): How It Makes Money
Tianrun Industry Technology generates revenue primarily by designing, manufacturing and selling precision forged crankshafts, connecting rods and related engine components to OEMs and the aftermarket, while diversifying into wind-power components and intelligent manufacturing equipment to broaden its income streams.- Core customers: serves over 100 domestic and international customers across automotive, commercial vehicle and industrial engine markets.
- Primary products: forged crankshafts, connecting rods, precision machined engine parts - these remain the largest revenue drivers.
- Growth segments: wind-power product components and intelligent equipment sales/servicing, targeted for scaling.
| Metric | Value / Note |
|---|---|
| Market capitalization (late 2025) | ≈ 7.45 billion yuan |
| Customer count | Over 100 customers (domestic & international) |
| Primary revenue sources | Forged crankshafts & connecting rods (core); aftermarket parts; wind-power components; intelligent equipment |
| Strategic revenue mix (approx.) | Engine components ~70%; Wind-power & intelligent equipment ~30% (targeted increase) |
| Strategic focus | Technological innovation, high-quality manufacturing, rapid expansion and scientific R&D to become world-class |
- How it makes money operationally: procurement of steel and forging inputs → high-volume precision forging and machining → assembly/inspection → OEM supply contracts and aftermarket sales → value-added services for wind-power and intelligent equipment.
- Competitive edge: scale in crankshaft/connecting rod production, long-term OEM relationships, and ongoing CAPEX/R&D toward automated, high-precision manufacturing.
- Future outlook drivers: continued double-digit growth in EV-adjacent and heavy-duty engine markets (supporting core business), expanding orders in wind-power components, and higher-margin intelligent equipment sales and service contracts.
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