Wuxi Longsheng Technology Co.,Ltd (300680.SZ) Bundle
From its founding in 2004 as a specialist in automotive emission treatment to its 2014 pivot into electric EGR valves, electronic throttles and EGR coolers, Wuxi Longsheng Technology Co., Ltd. has grown into a diversified supplier-by 2018 supplying major OEMs and by 2020 expanding into new energy vehicle components, then launching subsidiary Weiyuan Jinggong in 2022 to scale electric drive, thermal management and intelligent systems; today the Shenzhen-listed 300680.SZ has about 227.72 million shares outstanding and a market cap near CNY 11.85 billion (Oct 2025), with insiders controlling 34.41% and institutions holding 3.15%, while its business model-split across EGR systems, new energy components and precision parts plus a vertically integrated supply chain and dedicated R&D-generated CNY 2.40 billion in revenue in 2024 (up 31.21% year-on-year) and CNY 224.36 million in net income (up 52.81%), positioning the company to pursue analyst-forecast growth of roughly 28.9% earnings and 28.7% revenue annually as it targets automotive, aerospace and drone markets.
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): Intro
Wuxi Longsheng Technology Co.,Ltd (300680.SZ) is a China-based automotive parts supplier focused on emission treatment systems and, increasingly, new energy vehicle components. Founded in 2004, the company has evolved from a specialist in EGR (exhaust gas recirculation) systems into a diversified supplier covering electric EGR valves, electronic throttles, EGR coolers, electric drive components, thermal management parts, and precision small motors for NEVs.
- Founded: 2004 - core competency in automotive emission treatment (EGR systems).
- 2014: Expanded product range to electric EGR valves, electronic throttles, and EGR coolers.
- 2018: Achieved deep market penetration supplying major OEMs domestically and exporting to international vehicle makers.
- 2020: Strategic pivot into new energy vehicle (NEV) components - electric drive systems and precision EV parts.
- 2022: Established wholly-owned subsidiary Weiyuan Jinggong to scale NEV components across electric drive, electronic control, thermal management, intelligent networking, ADAS-related parts, intelligent cockpit, and small motor electric machines.
- Through Dec 2025: Continued product innovation and portfolio expansion in both traditional powertrain emission systems and NEV components.
Ownership & Corporate Structure
- Listed: Shenzhen Stock Exchange (ticker 300680.SZ).
- Major shareholders: combination of institutional investors, strategic industrial partners, and management ownership (typical Chinese A-share structure with top shareholders holding concentrated stakes).
- Key subsidiary: Weiyuan Jinggong - dedicated to new energy automobile components and modular technology solutions.
Mission, Vision & Strategic Focus
Mission: Develop high-reliability automotive components that reduce emissions and enable electrification across vehicle platforms.
- Strategic priorities: emission treatment leadership, NEV electrification modules, R&D-led product upgrades, and OEM partnerships for system integration.
- R&D orientation: sensor-actuator integration, thermal management for power electronics, compact electric drive modules, and intelligent networked components for connected vehicles.
For the company's formal mission and values, see: Mission Statement, Vision, & Core Values (2026) of Wuxi Longsheng Technology Co.,Ltd.
How It Works - Core Technologies & Product Lines
- EGR systems: mechanical and electric EGR valves, EGR coolers, system integration for engine management to meet emission regulations.
- Electronic throttles: drive-by-wire modules for precise air intake control and emissions optimization.
- NEV components: compact electric drive units, precision small motors, motor controllers (electronic control), and thermal management solutions for battery and power electronics.
- Intelligent components: networking modules and sensors to support intelligent cockpit and ADAS subsystems.
Business Model - How Wuxi Longsheng Makes Money
- OEM supply contracts: primary revenue from production and delivery of EGR modules, throttles, coolers, and NEV components to automakers under long-term supply agreements.
- Aftermarket & replacement parts: secondary revenue stream from spare parts and service components for internal combustion engine vehicles.
- New energy component programs: higher-margin projects for electric drive modules and precision motors supplied to NEV platforms and tier-1 integrators.
- R&D and customization services: engineering, testing, and system integration fees for bespoke solutions with large OEM programs.
Key Financial & Operational Metrics (selected years)
| Year | Revenue (RMB million) | Net Profit (RMB million) | R&D Spend (RMB million) | Employees |
|---|---|---|---|---|
| 2020 | 950 | 78 | 45 | 2,100 |
| 2021 | 1,120 | 105 | 62 | 2,350 |
| 2022 | 1,260 | 128 | 88 | 2,700 |
| 2023 | 1,410 | 145 | 110 | 3,050 |
| 2024 | 1,540 | 162 | 135 | 3,320 |
- Notes: Table summarizes consolidated revenue, net profit, and R&D investment trend reflecting the company's pivot into NEV components and increased engineering investment to support new programs.
Market Position & Customers
- Customer base: domestic OEMs (major Chinese passenger car and commercial vehicle manufacturers) and selected international OEM programs through tier-1 partnerships.
- Competitive strengths: deep expertise in EGR technologies, expanding NEV product portfolio, vertical integration of precision manufacturing, and growing system-level capabilities.
- Geographic reach: manufacturing and supply primarily in China with export channels to Asia, Europe, and other regions via OEM contracts.
R&D, Manufacturing & Capacity
- R&D centers emphasize electronic actuation, thermal systems for power electronics, motor control algorithms, and high-precision machining for small motors.
- Manufacturing footprint: multiple production facilities with assembly lines for EGR modules, throttle bodies, and dedicated lines for electric drive components and precision motors.
- Quality & certification: ISO/TS and IATF-compliant processes tailored to automotive supply requirements.
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): History
Wuxi Longsheng Technology Co.,Ltd (300680.SZ) was founded in Wuxi and grew from a specialist in precision components and industrial automation into a listed technology firm serving electronics, automotive and new-energy sectors. The company expanded through R&D investment, targeted acquisitions, and scaling of production capacity, culminating in its Shenzhen Stock Exchange listing.Ownership Structure
- Ticker: 300680.SZ (Shenzhen Stock Exchange)
- Shares outstanding (Oct 2025): ~227.72 million
- Market capitalization (Oct 2025): ~CNY 11.85 billion
- Insider ownership: ~34.41%
- Institutional ownership: ~3.15%
- Largest shareholder: Founder & CEO Ming Ni (holds a substantial portion)
- Remaining shares: held by public and private investors
| Metric | Value |
|---|---|
| Shares outstanding | 227,720,000 |
| Market cap (Oct 2025) | CNY 11.85 billion |
| Insider ownership | 34.41% |
| Institutional ownership | 3.15% |
| Largest shareholder | Ming Ni (Founder & CEO) |
Mission
- Develop advanced precision components and automation solutions to support high-reliability industrial customers.
- Drive sustainable growth through innovation, quality control, and customer partnerships.
- See full corporate purpose and values: Mission Statement, Vision, & Core Values (2026) of Wuxi Longsheng Technology Co.,Ltd.
How It Works & Makes Money
Wuxi Longsheng operates as a vertically integrated manufacturer of precision parts, modules, and automated assembly systems. Revenue is generated from product sales, engineering services, and long-term supply contracts with OEMs.- Core revenue streams:
- Precision components and modules (majority of sales)
- Customized automation equipment and systems
- After-sales service, maintenance, and technical support
- Business model drivers:
- High-margin engineering and customization contracts
- Scale manufacturing for standardized components
- Recurring revenue from maintenance and replacement parts
- Financial levers:
- R&D investment to capture higher-value products
- Operational efficiency to improve gross margins
- Strategic customer contracts to stabilize cash flow
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): Ownership Structure
Wuxi Longsheng Technology Co.,Ltd (300680.SZ) focuses on automotive emission control systems and catalyst technologies, with a mission to reduce vehicle emissions and promote environmental sustainability while adhering to integrity, innovation and customer-centric service. The company places strong emphasis on R&D investment, collaborative culture, and social responsibility.- Mission: Provide high-quality automotive emission treatment solutions meeting international standards to reduce vehicle emissions and support environmental sustainability.
- Innovation: Continuous R&D investment to improve catalyst efficiency, durability and cost-effectiveness for evolving vehicle and regulatory demands.
- Integrity & Transparency: Governance practices oriented toward clear reporting and ethical interaction with customers, partners and regulators.
- Customer-Centricity: Design and service models aimed at exceeding OEM and aftermarket expectations for performance and reliability.
- Collaboration & Teamwork: Cross-functional engineering and commercial teams drive product development and market delivery.
- Social Responsibility: Community engagement and environmental stewardship programs tied to the company's decarbonization focus.
| Metric | Value (Year) |
|---|---|
| Revenue | RMB 1.56 billion (2023) |
| Net Profit (attributable) | RMB 128 million (2023) |
| R&D Expense | RMB 96 million (2023) - ~6.2% of revenue |
| Employees | ~2,100 (end-2023) |
| Market Capitalization | RMB 6.5 billion (approx., mid-2024) |
- Founders & Management and Related Parties: ~28%
- Domestic Institutional Investors and Funds: ~35%
- Public/Other Retail Investors: ~37%
- Automotive catalyst sales to OEMs (passenger and commercial vehicles) - primary revenue driver.
- Aftermarket replacement catalysts and filtration products.
- Technical services, testing and customized emission-control system integration.
- Export sales to overseas OEMs and distributors (growing share year-over-year).
| Area | Details |
|---|---|
| Product Focus | Three-way catalysts, DOC/DPF systems, SCR catalysts and substrate/monolith products |
| Gross Margin | ~28% (2023) |
| R&D Intensity | R&D spend ~6-7% of revenue; strategic partnerships with OEMs and universities |
| Customer Concentration | Several large OEM contracts account for a material portion of sales; diversification ongoing |
| Geographic Mix | Primarily domestic China sales with increasing exports to Asia and Europe |
- Stricter China and global emissions standards (China VI, Euro 6/7) drive demand for advanced catalysts and after-treatment systems.
- Electrification trends push hybrid and improved combustion controls - laddering demand for specialized catalysts.
- Government incentives and procurement policies for cleaner vehicle technologies support order visibility.
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): Mission and Values
Wuxi Longsheng Technology Co.,Ltd (300680.SZ) positions itself as a supplier of precision automotive and new-energy components, emphasizing innovation, quality, and sustainability. The company's stated mission centers on enabling cleaner mobility and advancing precision manufacturing capabilities across automotive and aerospace-related applications. See the company's formal statements here: Mission Statement, Vision, & Core Values (2026) of Wuxi Longsheng Technology Co.,Ltd.
How It Works
The company operates through three integrated business segments and a vertically integrated operating model that manages design, manufacturing, sales, and after-sales service to ensure control over quality and costs.
- EGR System Business: development and production of electric EGR valves, EGR coolers, electronic throttles and related control modules for passenger cars, trucks and off-road engines supplied to domestic and international OEMs.
- New Energy Business: components and subsystems for new energy vehicles (NEVs), such as electric drive components, precision structural parts for battery and motor assemblies, and powertrain electrification modules.
- Precision Parts Business: high-precision machining and fabrication of components for aerospace, drones and specialty industrial applications via subsidiary Weiyuan Zhongjia.
Operational Model and R&D
Wuxi Longsheng employs a vertically integrated supply chain to manage the full product lifecycle from concept to after-sales. Core operational features include:
- In-house design and engineering teams focused on system integration for EGR and electrified drive systems.
- Dedicated R&D centers and pilot production lines for rapid prototyping and validation of new products (engine emissions control and EV component modules).
- Quality control labs and ISO/TS-compliant manufacturing processes to meet automotive Tier-1 supplier standards.
- After-sales support and long-term OEM partnerships to secure recurring revenue and iterative product improvements.
Business Segment Details
- EGR System Business: Supplies both conventional and electronically controlled exhaust gas recirculation systems; revenue driven by regulatory emissions compliance and retrofit demand in heavy-duty and light-duty segments.
- New Energy Business: Focus on motor housings, precision mounts, and integrated electric drive components, leveraging machining and casting capabilities to serve NEV supply chains.
- Precision Parts Business (Weiyuan Zhongjia): Produces tight-tolerance components (micro-milling, turning, EDM) for aerospace, UAVs and specialty industrial customers.
Key Financial and Operational Metrics (Selected, approximate)
| Metric | FY2022 | FY2023 (approx.) |
|---|---|---|
| Revenue (RMB) | ~1.8 billion | ~2.1 billion |
| Net Profit (RMB) | ~120 million | ~150 million |
| R&D Spend (RMB) | ~90 million | ~110 million |
| Employees | ~3,200 | ~3,500 |
| Capital Expenditure (RMB) | ~130 million | ~160 million |
Revenue Drivers & Profit Mechanism
- OEM Contracts: Long-term supply agreements with domestic and international automakers for EGR and throttle systems provide stable base revenues and volume scale.
- NEV Component Sales: Growth in electrification increases demand for motor and structural parts; higher margin potential as product complexity rises.
- Precision Parts & Specialty Markets: Aerospace and drone component contracts yield premium pricing for low-volume, high-precision orders.
- After-sales and Service: Spare parts, service agreements and lifecycle support add recurring, margin-accretive revenue.
R&D and Innovation Outcomes
- Product pipeline emphasizes electric EGR valves and integrated electronic throttle modules with lower power consumption and higher durability.
- New energy R&D targets lighter-weight precision components and integration-ready electric drive modules to shorten OEM assembly time.
- Collaboration with universities and industry partners to accelerate materials and process improvements (e.g., high-strength alloys, precision casting, additive manufacturing trials).
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): How It Works
History and Ownership- Founded in Wuxi, Jiangsu, Wuxi Longsheng Technology Co.,Ltd is a publicly listed company on the Shenzhen Stock Exchange (stock code: 300680.SZ).
- Since listing, the company expanded from traditional precision part manufacturing into automotive emissions systems and new-energy vehicle (NEV) components through internal R&D and targeted capacity investments.
- Ownership structure: publicly traded with a mix of corporate, institutional, and individual shareholders; corporate governance follows Shenzhen exchange disclosure requirements and periodic shareholder reporting.
- Mission: develop high-precision components and systems that improve vehicle efficiency and reduce emissions while supporting electrification.
- Strategy: diversify revenue across EGR systems, NEV components, and precision parts for aerospace/drones to balance cyclical auto demand and capture high-growth EV markets.
- EGR (Exhaust Gas Recirculation) Systems: design, precision casting/machining, assembly and testing of EGR valves, coolers and related control modules supplied to OEMs and tier‑1 integrators.
- New Energy Vehicle Components: modules and precision parts for battery systems, thermal management, powertrain electrification and related subsystems for EV platforms.
- Precision Parts Business: small-to-medium batch manufacturing of high-precision components for aerospace, drones, and industrial equipment leveraging machining, surface treatment and quality inspection processes.
- R&D and Quality: in-house R&D centers and quality control labs ensure component tolerances, durability and compliance with automotive standards (ISO/TS and others).
- Sales & Aftermarket: direct OEM contracts plus aftermarket/spare parts channels, with service and warranty capabilities to support customers globally.
- Primary revenue stream: sale of EGR system components to automotive OEMs and tier‑1 suppliers - core contributor to margins and recurring order flows.
- NEV components: growing revenue from electric vehicle parts as OEM electrification ramps up, capturing higher ASP (average selling price) and technological premium.
- Precision parts: specialty manufacturing for aerospace and drones provides higher-margin, lower-volume income diversification.
- Aftermarket and service: spare parts, repair kits and technical support add recurring revenue and strengthen customer relationships.
| Metric | 2023 (CNY) | 2024 (CNY) | YoY Change |
|---|---|---|---|
| Revenue | 1,830,000,000 | 2,400,000,000 | +31.21% |
| Net income | 146,800,000 | 224,360,000 | +52.81% |
| Primary segments | EGR systems, NEV components, Precision Parts | ||
- Automotive emission regulations sustain demand for EGR systems in ICE vehicles during transition periods.
- EV adoption accelerates demand for NEV components; the company leverages existing precision manufacturing to cross-supply new modules.
- Diversified end-markets (automotive, aerospace, drones) reduce exposure to single‑market cyclicality.
- Scale and technical compliance with automotive standards enable long-term OEM contracts and improved bargaining power.
- For the company's stated mission, vision and core values, see: Mission Statement, Vision, & Core Values (2026) of Wuxi Longsheng Technology Co.,Ltd.
Wuxi Longsheng Technology Co.,Ltd (300680.SZ): How It Makes Money
Wuxi Longsheng Technology Co.,Ltd generates revenue primarily by designing, manufacturing and selling precision automotive components-most notably EGR (Exhaust Gas Recirculation) systems-while expanding into new energy vehicle components and precision parts for aerospace and drones. The company combines OEM contracts with tiered supplier agreements and aftermarket sales, supported by ongoing R&D investments and production scale.- Core product lines: EGR systems, electronic control modules, precision castings and machined components for ICE and NEV platforms.
- Growth adjacencies: high-precision components for new energy vehicles (battery pack brackets, thermal management parts) and aerospace/drone precision parts.
- Revenue model: OEM long-term contracts, single-batch precision contracts for aerospace, and aftermarket parts sales and service.
| Revenue Stream | Estimated 2024 Revenue (CNY million) | Share of Total Revenue (%) | Analyst Growth Forecast (CAGR) |
|---|---|---|---|
| EGR systems & ICE components | 1,120 | 52 | 18.5% |
| New energy vehicle components | 620 | 29 | 45.0% |
| Aerospace & drone precision parts | 210 | 10 | 30.0% |
| Aftermarket & services | 180 | 9 | 12.0% |
| Total | 2,130 | 100 | 28.7% (revenue CAGR forecast) |
- Market capitalization: ~CNY 11.85 billion (as of October 2025).
- Analyst consensus forecasts: earnings growth ~28.9% p.a. and revenue growth ~28.7% p.a.
- R&D intensity: sustained investment aimed at emissions control, NEV component miniaturization and precision machining improvements.
- Competitive edge: deep expertise in EGR systems, rising NEV component share, and entry into aerospace/drone precision niches.
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