Bohai Pistons (stock code: 600960. SH) is located in Binzhou, the hinterland of the Yellow River Delta where the Shandong Peninsula Blue Economic Zone and the Bohai Rim Economic Circle intersect. Wherever there is internal combustion power, there is Bohai piston "interprets the development process of more than 60 years; The motto 'Don't give up until you rank first, don't stop until you rank first' has witnessed the leading position in the domestic industry since 1986; With the mission of "excellent quality, green and intelligent manufacturing", based on the full lifecycle management of IoT technology products, we practice "Made in China 2025". The product field involves related industrial chains such as pistons and components, precision CNC machine tools, and lightweight new materials. The company's comprehensive strength ranks fourth in the global industry.
       The company's leading products are high-performance pistons ranging from 30mm to 350mm, with over 1000 varieties and an annual production capacity of 30 million pieces. It is the only specialized enterprise in China that can comprehensively produce pistons for various power machinery such as automobiles, ships, engineering, and military industries; We have established a marketing network of over 220 social parts dealers covering 34 provinces, municipalities, and autonomous regions in China, providing support to many well-known OEMs such as SAIC Group, FAW Group, Dongfeng Motor, BAIC Group, Changan Automobile, Guangzhou Automobile Group, China National Heavy Duty Truck Group, Foton Motor, Weichai Power, Yuchai Machinery, Jianghuai Automobile, Jiangling Motors, Great Wall Motors, Geely Automobile, BYD, Chery Automobile, Huachen Automobile, Haima Automobile, Yunnei Power, Quanchai Power, and Jiangsu Changchai. Our piston product manufacturing capacity ranks first among single factories in the world, with a comprehensive market share of 35% in China and a market share of over 50% for high-end products such as Euro III and Euro IV in China; The foreign market covers North America, Europe, East Asia, the Middle East and other regions, with international high-end customers such as Volkswagen, General Electric, Cummins, Caterpillar, John Deere, Fiat, Kohler, etc; In addition to providing equipment for the company internally, Bohai Precision Machinery has also achieved export and exported to international markets.
       On the road of independent innovation and development of independent brands, Bohai Pistons has taken an extremely firm step. We have taken the lead in establishing the first national level technology center, nationally recognized laboratory, national engineering laboratory, enterprise postdoctoral workstation, and national high-tech enterprise in the same industry in China. With the means of synchronous research and development, testing, and evaluation with developed countries, the technical level of various new products and invention patents has reached and represented the international forefront, becoming the first brand of Chinese pistons and the design and development base of Chinese internal combustion engine pistons. It has been awarded the title of "China Famous Brand Product" and "China Famous Trademark" for Chinese piston products.
       The company conscientiously implements national laws and regulations such as the Product Quality Law, Environmental Protection Law, Safety Production Law, Occupational Disease Prevention and Control Law, and other requirements, and actively adopts international and foreign advanced standards to organize production; The company was the first in the same industry nationwide to pass ISO9002 certification in 1995, and has since passed QS-9000, VDA6.1, ISO9001, and IATF16949 certifications since 2000; We have integrated and established a quality, environmental, and occupational health and safety management system in accordance with the IATF16949/ISO14001/OHSAS18001 standards, making the system more streamlined and optimized, and in line with the actual situation of the enterprise.
       Bohai Piston has successively introduced advanced quality tools and management standards such as lean production management, Six Sigma management, and excellent performance mode, integrated different quality and technical standards such as SQAP-LPA, QSB-LPA, Cummins LPA, etc., established and implemented a manufacturing process audit method that is both in line with the actual situation of Chinese enterprises and in line with international customers - "Bohai Piston Layered Process Audit System (BH-LPA)", innovatively added performance evaluation standards for layered audit, and integrated and innovated the excellent performance mode as the basic framework, with "method, unfolding, learning, integration" as the evaluation standard, to promote the steady improvement of enterprise management level and move towards excellence.
       Bohai Pistons has successively won the highest award in Chinese enterprise management - the "National Quality Award"; It has also won more than 50 provincial-level and above honors, including the National Quality and Safety Standardization Level One Enterprise, the Ministry of Industry and Information Technology Integration Management System, the National Machinery Industry Quality Award, the Top Ten Listed Companies in China's Automotive Parts Industry, the National AAAA Standardization Good Behavior Enterprise, the Top 100 Best Automotive Parts Suppliers in China, the Leading Enterprise in China's Automotive Parts Piston Industry, the Top Ten Listed Companies in China's Automotive Parts Industry, the First Shandong Provincial Governor's Quality Award, the First Shandong Provincial Management Innovation Award, the National Contract abiding and Creditworthy Enterprise, and the National Advanced Enterprise in Quality Work. Next, the company will rely on "Made in China 2025" to continuously build new capabilities in an information environment that matches its strategy, gradually establishing a zero distance, all-round, transparent, and intelligent decision-making and management center suitable for the company's own development; Innovative and harmonious development, striving to achieve the corporate vision of being the world's best automotive parts supplier.
       In June 2015, after the state-owned equity of Bohai Pistons was transferred to BAIC Group, it will rely on the capital operation platform of the listed company and existing technological advantages to focus on the research and development of automotive aluminum alloy parts, and participate in BAIC New Energy Vehicles as the strategic implementation subject of the group's automotive parts lightweighting, new energy, and intelligence. It will accelerate asset restructuring and international cooperation, strengthen the construction of talent, especially scientific and technological talents and high skilled talent teams, and build Bohai Pistons into a world-class and internationally renowned piston research and development manufacturing base and automotive parts lightweighting base, making positive contributions to realizing BAIC's dream and Hainachuan Company's goal of 100 billion yuan in the 13th Five Year Plan.