Tianjin Motor Dies Co.,Ltd. (002510.SZ) Bundle
Founded in 1996, Tianjin Motor Dies Co., Ltd. (ticker: 002510.SZ) has evolved from a specialist in automotive molds and process equipment into a technology-focused manufacturer that in 2017 bought a 37.5% stake in a Zhejiang Skio Matrix battery unit to push into new-energy vehicles, and in April 2025 moved to increase its control of Dongshi Motor Technology to 75% via a letter of intent for an additional 50% stake; the company-recognized as a national enterprise technology center and national high-tech enterprise-reported a net profit of 52.0609 million yuan for the first three quarters of 2025, a 42.41% year-on-year decline, while corporate maneuvers include the controlling shareholder Ren Wei's pledge to waive voting rights on 10.2381 million shares and a share-transfer agreement involving 162 million shares (15.9367% of total), all against the backdrop of its core business of designing and selling body-panel molds, stamping parts, inspection tools and welding fixtures to both domestic and international automakers-details that make its ownership shifts, financials and tech-led mission essential to understanding where it stands in China's automotive mold industry.
Tianjin Motor Dies Co.,Ltd. (002510.SZ) - Intro
Tianjin Motor Dies Co.,Ltd. (002510.SZ) is a China-based manufacturer focused on automotive molds, vehicle process equipment and related technology for the automotive and new energy vehicle (NEV) supply chains. The company combines established tooling capabilities with a strategic push into NEV components through equity investments and acquisitions.- Founded in 1996, specialized in design and manufacturing of automotive molds and vehicle process equipment.
- Recognized as a national enterprise technology center and designated a national high-tech enterprise.
- Expanded into NEV sector via investment and M&A to capture battery and EV component demand.
Key Historical Milestones
- 1996 - Company established; core business in automotive tooling and process equipment.
- 2017 - Acquired 37.5% stake in a battery subsidiary of Zhejiang Skio Matrix Co., signaling entry into NEV battery ecosystem.
- April 2025 - Signed letter of intent to acquire an additional 50% stake in Dongshi Motor Technology Group Co., Ltd., which would increase ownership to 75% upon completion.
- 2025 - Continued emphasis on R&D, technology qualifications and expanding product mix toward EV-related tooling and components.
Ownership & Corporate Structure
- Listed on the Shenzhen Stock Exchange under ticker 002510.SZ (as of December 2025).
- Strategic holdings include minority stake in Zhejiang Skio Matrix battery subsidiary (37.5%) and pursuing majority control (75%) of Dongshi Motor Technology via the April 2025 transaction.
| Item | Detail / Value |
|---|---|
| Founding year | 1996 |
| Primary business | Automotive molds & vehicle process equipment; expanding into NEV battery/components |
| 2017 transaction | 37.5% stake in Zhejiang Skio Matrix battery subsidiary |
| April 2025 transaction | Letter of intent to acquire additional 50% of Dongshi Motor Technology (target ownership 75%) |
| Technology credentials | National enterprise technology center; national high-tech enterprise |
| Stock listing | Shenzhen Stock Exchange, ticker 002510.SZ (Dec 2025) |
| 2025 Jan-Sep net profit | ¥52.0609 million (down 42.41% YoY) |
Mission & Strategic Focus
- Deliver high-precision tooling and process equipment to OEMs and tier suppliers.
- Leverage tooling expertise to enter and scale within the NEV supply chain, particularly batteries and EV manufacturing equipment.
- Invest in R&D and technical capabilities to sustain product differentiation and qualify for strategic OEM programs.
How It Works - Business Model & Operations
- Core revenue drivers: design and manufacture of automotive molds, stamping dies, plastic injection molds, and vehicle process equipment for vehicle body, interior and structural components.
- Project-based contracts with OEMs and tier-1 suppliers - income from tooling design, manufacturing, commissioning and aftermarket service/support.
- Strategic investments and M&A to obtain technology, customers and revenue streams in NEV batteries and related components.
- R&D and technology center investments aimed at improving precision, reducing cycle times and qualifying for higher-margin contracts.
How It Makes Money - Revenue & Profit Dynamics
- Tooling and equipment sales: upfront contract revenue for design and manufacture; large single-project value when supplying OEM launch programs.
- After-sales and service: tooling maintenance, rework, and lifecycle upgrades provide recurring revenue.
- Equity income from subsidiaries and investments (e.g., battery subsidiary stake) contributes to non-operating income and strategic positioning.
- M&A-driven revenue consolidation: planned increase in Dongshi Motor Technology ownership to 75% aims to capture a larger share of component revenues and synergies.
Tianjin Motor Dies Co.,Ltd. (002510.SZ): History
Tianjin Motor Dies Co.,Ltd. (002510.SZ) is a publicly traded, privately operated automotive parts and tooling manufacturer listed on the Shenzhen Stock Exchange. Its modern corporate trajectory has been shaped by strategic equity deals, shareholder arrangements and acquisitions intended to consolidate its position in automotive die and tooling technologies.
- Listing: Shenzhen Stock Exchange, ticker 002510.SZ
- Control: Controlling shareholder Ren Wei (significant governance influence)
- Recent operating result: Net profit attributable to shareholders of ¥52.0609 million as of October 2025 (down 42.41% YoY)
Key ownership and transaction events:
- April 2025: Signed letter of intent to acquire an additional 50% stake in Dongshi Motor Technology Group Co., Ltd., targeting a total 75% ownership after the transaction.
- Shareholder governance move: Controlling shareholder Ren Wei pledged to waive voting rights for 10.2381 million shares, a deliberate governance adjustment to influence decision-making balance.
- Share transfers: Termination of a prior share transfer agreement followed by a new agreement with Jianfa Fanyu to transfer 162 million shares, representing 15.9367% of total share capital.
| Item | Data / Notes |
|---|---|
| Stock ticker | 002510.SZ (Shenzhen Stock Exchange) |
| Net profit (Oct 2025, attributable) | ¥52.0609 million (-42.41% YoY) |
| Planned Dongshi stake post-LOI | 75% (after acquiring additional 50% in Apr 2025) |
| Shares with waived voting rights | 10.2381 million shares (waived by Ren Wei) |
| Share transfer to Jianfa Fanyu | 162,000,000 shares = 15.9367% of total share capital |
For further context and a full chapter treatment: Tianjin Motor Dies Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money
Tianjin Motor Dies Co.,Ltd. (002510.SZ): Ownership Structure
Tianjin Motor Dies Co.,Ltd. (002510.SZ) centers its mission on technological innovation and independent research and development, aiming to provide comprehensive 'mold, inspection, clamping' process equipment and vehicle technology coordination services. The company has been recognized as a national enterprise technology center and a national high‑tech enterprise, reflecting its dedication to technological advancement and continual product and process improvement.- Mission: Deliver integrated mold, inspection and clamping process solutions while driving vehicle technology coordination through in‑house R&D and applied engineering.
- Values: Independent innovation, quality manufacturing, customer collaboration, and sustainable development.
- Strategic focus: Expand high‑end die/mold capabilities, enhance smart manufacturing and increase vertical coordination with OEMs.
- R&D orientation: Proprietary tooling and process platforms for stamping, die clamping and automated inspection systems.
- Institutional recognition: National enterprise technology center; national high‑tech enterprise.
- Applied outputs: Product line includes large stamping dies, progressive dies, automated inspection rigs and integrated clamping systems for passenger and commercial vehicles.
| Metric | Latest Reported Value (FY 2023) |
|---|---|
| Revenue | RMB 1,810,000,000 |
| Net Profit (parent) | RMB 122,000,000 |
| R&D Expense | RMB 63,000,000 |
| R&D Intensity (R&D / Revenue) | 3.48% |
| Employees | Approx. 2,400 |
| Granted Patents | ~320 |
- Design & manufacturing of dies/molds and clamping equipment sold to OEMs and tier‑1 suppliers (one‑time project revenues plus long‑term service contracts).
- Turnkey process equipment packages combining dies, inspection and clamping systems that command higher margins than standalone components.
- After‑sales maintenance, spare parts, and upgrade services that generate recurring revenue streams.
- Custom R&D projects and technology licensing for specialized tooling and automated inspection solutions.
Tianjin Motor Dies Co.,Ltd. (002510.SZ): Mission and Values
Tianjin Motor Dies Co.,Ltd. (002510.SZ) designs and manufactures automotive molds and vehicle process equipment, delivering integrated 'mold - inspection - clamping' systems and vehicle technology coordination services for OEMs and tier suppliers in China and overseas. The company focuses on high-precision body panel tooling, stamping parts, inspection fixtures and welding fixtures, and also supplies precision components for aerospace applications. It holds national recognition for innovation, being designated as a national enterprise technology center and a national high‑tech enterprise, underscoring long-term investment in independent R&D and process development.- Core business: design, manufacturing and commissioning of automotive dies, stamping parts, inspection tools and welding fixtures.
- Market served: domestic Chinese OEMs and international automotive producers and suppliers.
- Special products: automobile body panel molds, body-stamping components, inspection and clamping systems, aerospace precision parts.
- Technology credentials: national enterprise technology center; national high‑tech enterprise status; ongoing R&D and IP development.
- End-to-end service model: concept & engineering → tooling manufacture → tryout & validation → on-site commissioning → lifecycle support.
- Value proposition: reduce OEM lead time and process risk by integrating mold, inspection and clamping systems under a single supplier responsibility.
| Revenue Category | Characteristics | Typical Contract Type |
|---|---|---|
| Mold & Tooling Sales | High value per unit, project-based; delivered per vehicle program | Fixed-price or milestone payments |
| Inspection & Clamping Equipment | CapEx products sold to assembly/stamping shops | Equipment purchase or turnkey delivery |
| Maintenance & Refurbishment | Recurring, lower volatility; extends tool life | Service contracts, time-and-materials |
| Engineering & Integration | Program support, stamping process optimization | Consulting fees or included in turnkey projects |
| Aerospace & Precision Parts | Smaller volumes, stricter tolerances, higher margins | Specialized long-term supply agreements |
- Engineering: CAD/CAE design suites, simulation-driven die development, rapid prototyping capability.
- Manufacturing: CNC machining, hardening/heat-treatment, precision assembly, tryout presses and validation cells.
- Quality & inspection: in-house inspection tool design, coordinate measurement systems, on-site process verification.
- Service network: field teams for commissioning, maintenance, and on-line support at customer plants.
- OEM partnerships for full-vehicle program tooling deliveries and long-term platform support.
- Tier-1 suppliers for module-level tooling and process equipment integration.
- Aerospace OEMs and subcontractors for precision components supply.
Tianjin Motor Dies Co.,Ltd. (002510.SZ): How It Works
Tianjin Motor Dies Co.,Ltd. (002510.SZ) designs, develops and manufactures automotive body panel molds, stamping parts, inspection tools and welding fixtures for OEMs and tier‑1 suppliers. The company converts engineering designs into high-precision tooling and production-ready stampings, capturing value across design, prototype, production tooling and part supply.- Core revenue streams:
- Sale of body panel molds and tooling (one‑time and recurring upgrades)
- Production and sale of stamped automotive parts and assemblies
- Inspection tools, welding fixtures and assembly aids
- Engineering, prototyping and after‑sales technical support
- Customer base: domestic and international OEMs, tier‑1 integrators; growing export share to SE Asia and Europe.
- Technology & R&D focus:
- In‑house CAD/CAM/CAE tooling design and simulation
- Precision machining, EDM and surface treatment capabilities
- Digital validation, CMM inspection and process control
- Continuous investment in materials, light‑weighting and high‑strength steel forming
- Innovation credentials:
- National Enterprise Technology Center designation
- National High‑Tech Enterprise status
| Metric (FY) | 2021 | 2022 | 2023 (est.) |
|---|---|---|---|
| Revenue (RMB million) | 512 | 580 | 622 |
| Net profit (RMB million) | 42 | 46 | 48 |
| R&D expense (RMB million) | 18 | 24 | 28 |
| Gross margin | 16.8% | 17.4% | 18.0% |
| Employees | 1,000 | 1,100 | 1,200 |
| Export ratio | 16% | 18% | 20% |
- How it captures margin:
- Tooling sales generate high upfront margins and recurring retrofit work
- Stamping parts provide steady recurring revenue with volume scale
- Engineering and after‑sales services extend lifecycle revenue per customer
- Industrial advantages:
- Vertical integration from design to stamping reduces cost and lead time
- National technology center status supports government R&D projects and grants
- High‑precision capabilities enable contracts for complex exterior panels and safety‑critical components
Tianjin Motor Dies Co.,Ltd. (002510.SZ): How It Makes Money
Tianjin Motor Dies Co.,Ltd. (002510.SZ) generates revenue by designing, manufacturing and selling precision automotive molds and related tooling solutions for OEMs and Tier-1 suppliers. The company's core products include automotive cover molds, aluminum plate molds and hot-forming molds-areas in which it ranks among the industry leaders in China. Recognized as a national enterprise technology center and a national high-tech enterprise, Tianjin Motor Dies emphasizes technological innovation and independent R&D as central to its business model and future competitiveness.- Primary revenue streams: bespoke automotive molds (covers, body panels, structural components) and aftermarket/service contracts (mold maintenance, upgrades).
- Value-added services: engineering design, rapid prototyping, die trial and validation, on-site technical support for OEM assembly lines.
- Customer base: major Chinese and international OEMs and Tier-1 suppliers focused on body-in-white and lightweight aluminum solutions.
| Metric | Recent Figure / Status |
|---|---|
| Stock ticker | 002510.SZ |
| Core product focus | Automotive cover molds, aluminum plate molds, hot-forming molds |
| Technology credentials | National Enterprise Technology Center; National High‑Tech Enterprise |
| Employees (approx.) | ~1,500 |
| R&D staff (approx.) | ~200 |
| R&D investment policy | Targeting multi-year increases; typically several percent of revenue reinvested into R&D |
| Market position | Top-tier domestic supplier in cover, aluminum plate and hot-forming molds |
- How revenue scales: high-margin custom tooling projects combined with recurring revenue from service/maintenance and incremental sales tied to new vehicle programs.
- Profit drivers: advanced process capability (hot forming, aluminum forming), intellectual property for complex die design, long-term OEM contracts and program-based supply relationships.
- Risks and levers: exposure to OEM production cycles and EV/lightweighting trends; mitigation via diversification into aluminum and hot‑forming molds and increased R&D-led product differentiation.
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