Open Vision, Sustainable Growth

  Zhejiang Shibao Holding Group Co., Ltd. wasfounded in 1984 and started its business from the automotive steering gear thenexpanded to the automotive braking system. Its head office is located in thestate-level Hangzhou Economic and Technological Development Zone. In 2004, theGroup reorganized its automotive steering business to Zhejiang Shibao Co.,Ltd..

  Zhejiang Shibao Co., Ltd. is committeditself ti the research and development of automotive steering products. Thecompany was listed on the Hong Kong Stock Exchange since May 2006. It is astanding menber of automotive steering association of China Association ofAutomobile Manufacturers and was one of the major particioants in theformulation of Standards of Automotive Steering Industry of China. The Groupwas awarded “LeadingEnterprises of Automotive Steering Industry of China” in 2009.

  Zhejiang Shibao Co., Ltd. has registeredcapital of RMB260 million, a total of approximately 1500 employees and 353,000square meters of land, and total assets exceeding RMB1 billion. It has eightsubsidiaries located in Beijing, Hangzhou, Siping, Changchun, Wuhu and Yiwurespectively. Shibao regards “Be Practical and Innovative” as its business philosophy, pays attention to the quality andsustainable growth and encourages technology innovation. The company has alsointroduced Japanese lean production to its plants in a flexible and efficientway.