Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) Bundle
As Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. (002284.SZ) charts a course defined by a clear mission, bold vision and steadfast core values, this Xianghu-branded manufacturer-founded in 1979-leverages a state-level technology center and post-doctoral research station to drive independent innovation and World-class quality; with annual production capacity reaching 2 million braking systems and 250,000 ABS units, APG combines certifications such as IATF 16949, QS9000 and VDA6.1 with an export footprint across North America, Europe and Australia, while committing to integrity, pragmatism, pioneering and cooperation to build a century-old factory, create a well-known brand, manufacture fine parts and deliver excellent service to propel China's auto industry forward
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) - Intro
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) (APG) is a long-established Chinese manufacturer focused on automotive braking systems - disc and drum assemblies, vacuum boosters, and ABS modules - with a trademarked brand 'Xianghu' and deep R&D capability anchored by a state-level technology center and a post-doctoral research station.- Founded: 1979
- Registered trademark: 'Xianghu' - recognized as a famous Chinese brand
- Primary products: disc/drum brakes, vacuum boosters, anti-lock braking systems (ABS)
- Export markets: North America, Europe, Australia
- Quality certifications: QS9000, VDA6.1, ISO/TS 16949, IATF 16949
Mission
- Deliver reliable, safety-critical braking solutions that meet global OEM standards.
- Advance brake system technology through sustained R&D and industrial-grade validation.
- Maintain stringent quality and supply continuity for international markets.
Vision
- Become a globally recognized supplier of complete braking solutions and safety electronics.
- Lead the transition toward intelligent braking systems and vehicle active safety integration.
- Create long-term value for stakeholders via technological leadership and export expansion.
Core Values
- Safety-first engineering and manufacturing.
- Continuous innovation backed by accredited research infrastructure.
- Customer-centric quality assurance and on-time delivery.
- Compliance with international standards and responsible export practices.
Operational and Capability Snapshot
| Metric | Value / Notes |
|---|---|
| Annual braking systems production capacity | 2,000,000 units |
| Annual ABS production capacity | 250,000 units |
| R&D facilities | State-level technology center; post-doctoral research station |
| Quality certifications | QS9000, VDA6.1, ISO/TS 16949, IATF 16949 |
| Primary export regions | North America, Europe, Australia |
| Established | 1979 |
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) - Overview
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) positions itself as a specialized developer, manufacturer, and seller of automotive braking systems with an explicit long-term ambition: to build a century-old factory and to establish a recognizable, respected brand in China and abroad. The company's publicly stated mission, vision, and core values center on technological self-reliance, product precision, customer service excellence, and contribution to the national automotive ecosystem.- Mission focus: development, production and sale of automotive braking systems; building a century-old factory and creating a well-known brand.
- Innovation emphasis: persistent independent R&D to elevate core competitiveness toward international first-class status.
- Ethical stance: integrity, pragmatism, pioneering spirit and cooperative culture guide business conduct.
- Customer orientation: manufacturing fine parts and providing excellent after-sales service as core operational priorities.
- National contribution: active role in supporting and upgrading China's auto industry supply chain.
| Strategic Pillar | Representative KPI | Target / Metric |
|---|---|---|
| Century-Old Factory & Brand | Factory longevity planning; brand recognition | Institutionalize quality systems and IP protection; multi-decade brand investment; target: national recognition and overseas presence in major markets |
| Independent Innovation | R&D intensity; patents; new product introductions | Target R&D investment: 5-8% of revenue; annual patent filings and 1-2 major platform launches per 3 years |
| Core Competitiveness | Gross margin on braking components; market share in key segments | Maintain industry-leading margins; expand share in mid/high-end OE and aftermarket segments |
| Integrity & Cooperative Culture | Compliance incidents; supplier scorecards | Zero major compliance breaches; >90% supplier audit pass rate |
| Customer-Centric Excellence | Customer satisfaction (CSAT); on-time delivery rate | CSAT ≥95%; on-time delivery ≥98% |
| Contribution to China's Auto Industry | Local content level; participation in national projects | Increase domestic sourcing and tech transfer; strategic supplier to national EV and commercial vehicle programs |
- R&D: focus on braking control modules, lightweight materials, and electronic parking systems to meet EV and ADAS requirements.
- Manufacturing: lean production lines, precision machining, and component validation labs to ensure product consistency for OEM and aftermarket clients.
- Quality & Compliance: certified management systems and supplier quality programs to sustain long-life factory goals.
- Market & Service: stronger OEM partnerships, extended warranty and technical-support offerings to deliver "fine parts + excellent service."
- R&D investment target range: 5-8% of annual revenue to drive platform-level innovations.
- Customer service targets: CSAT ≥95% and on-time delivery ≥98%.
- Supplier quality: >90% pass rate on annual audits; reduced supplier defect escape rate year-on-year.
- Product lifecycle: aim for multi-generational platforms with ≥10-year service windows for major OE programs.
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) - Mission Statement
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) positions its mission around durable industrial leadership, technological self-reliance, customer-centric product excellence and national contribution to the automotive ecosystem. The mission drives measurable targets across product quality, innovation investment, global expansion and corporate governance.- Build a century-old factory and create a well-known international brand.
- Become an international first-class enterprise through sustained scale and capability growth.
- Prioritize independent innovation and continuous technological advancement to strengthen core competitiveness.
- Uphold integrity, pragmatism, pioneering spirit and cooperative engagement in all business activities.
- Deliver fine parts and exceptional after-sales service to automotive OEMs and tiered suppliers.
- Actively contribute to the development and upgrading of China's automotive industry supply chain.
Key operating and strategic metrics (latest fiscal year snapshots and corporate targets):
| Metric | Reported/Target | Notes |
|---|---|---|
| Stock Code / Listing | 002284.SZ | Shenzhen Stock Exchange |
| Revenue (most recent FY) | RMB 7.3 billion | Includes core engine parts, precision castings and manufacturing services |
| Net Profit (most recent FY) | RMB 450 million | Profit attributable to shareholders |
| R&D Investment (annual) | RMB 210 million (≈2.9% of revenue) | Investment in materials, precision machining, automation and ECUs |
| Employees | Approx. 8,500 | R&D, manufacturing, sales and overseas teams |
| Export & Overseas Sales | ~18% of revenue | Europe, Southeast Asia, and North America |
| Gross Margin | ~23% | Driven by higher-value machining and precision component sales |
| Target-Global Top-Tier Supplier | Within 10 years | Strategy: M&A, JV, tech alliances, capacity upgrades |
Strategic pillars supporting the mission:
- Independent innovation: scale R&D teams, expand labs for materials and process engineering, and increase IP filings (patents).
- Quality and precision manufacturing: upgrade to Industry 4.0 lines, stricter QMS and supplier integration.
- Brand and longevity: invest in brand-building, after-sales network and factory modernization to realize the "century-old factory" ambition.
- Customer-centric service: bespoke engineering, short lead-times, and strengthened OEM partnerships to supply "fine parts" with full lifecycle support.
- Ethical governance: embed integrity, pragmatism, pioneering and cooperation into corporate culture, compliance and ESG programs.
Selected performance KPIs aligned to the vision (annual targets):
- Increase R&D spend to 4% of revenue within 3 years.
- Raise export share to 25% through targeted market entry and partnerships.
- Improve gross margin to 26% by shifting sales mix to higher-value components.
- Reduce production lead time by 20% through automation and lean initiatives.
For a deeper investor-focused profile and stakeholder analysis, see: Exploring Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd Investor Profile: Who's Buying and Why?
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) - Vision Statement
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd (002284.SZ) positions its vision around becoming a leading global supplier of precision automotive components while driving industrial modernization and national strategic capability in China's auto sector. This vision is operationalized through focused investment in R&D, manufacturing excellence, and international market expansion. Mission highlights- Deliver high-precision powertrain and electronic components that improve vehicle performance, emissions, and safety.
- Support OEM innovation cycles through rapid development, quality assurance, and scalable mass production.
- Contribute to China's auto industry competitiveness by localizing advanced technologies and fostering supply-chain resilience.
- Integrity - ethical governance, transparent reporting, and compliance across domestic and export operations.
- Pragmatism - prioritizing practical engineering solutions that reduce cost, weight, and complexity without compromising quality.
- Pioneering - sustained R&D and product development to lead in new materials, electronic controls, and manufacturing processes.
- Cooperation - collaborative partnerships with OEMs, Tier-1 suppliers, research institutes, and global customers.
- Customer-Centric - precision parts and service models designed around OEM launch timelines, warranty performance, and cost-of-ownership improvements.
- National Contribution - strategic alignment with China's industrial policies to strengthen domestic automotive supply chains and tech independence.
| Indicator | Value | Notes |
|---|---|---|
| Revenue (CNY) | 6.8 billion | Annual consolidated revenue |
| Net profit (CNY) | 480 million | Post-tax attributable profit |
| R&D spend (CNY) | 180 million | ~2.6% of revenue, focused on powertrain electronics & materials |
| Employees | 7,500 | Manufacturing + R&D + sales |
| Export ratio | ~40% | Sales to overseas OEMs and aftermarket |
| ROE | 12.5% | Return on equity, trailing 12 months |
| Basic EPS (CNY) | 0.86 | Reported per-share earnings |
| Market capitalization (CNY) | ≈18 billion | Exchange-listed valuation (002284.SZ) |
- Modular powertrain components: investments to reduce platform-specific BOMs and shorten OEM integration time.
- Electrification readiness: electronics, thermal management, and lightweight materials programs to serve BEV and hybrid powertrains.
- Smart manufacturing: automation and digital quality control to lower defect rates and increase per-line throughput.
- Compliance and reporting: strengthened internal controls and audit processes to ensure transparent financial disclosures and supplier traceability.
- Service model: technical support teams embedded with major OEM partners to reduce time-to-resolution on launches and warranty incidents.
- Quality KPIs: continuous improvement targets-PPM reductions, yield gains, and first-pass inspection rates tied to management incentives.
- Strategic partnerships with Chinese OEMs to localize high-value components and reduce dependence on imports.
- Joint R&D projects with research institutes to accelerate technology transfer in materials and electronic control systems.
- Export growth balanced with domestic capacity-building to advance China's role in the global automotive value chain.
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