Liuzhou Wuling Automobile Industry Co., Ltd. is a large manufacturer officially established in 2007 through the joint venture of Wuling Group and Dragon Hill Holdings Limited (HK0305) . The total asset of its three subsidiary business, which are Liuzhou Wuling Motors United Development Co.,Ltd., Liuzhou Wuling Special-purpose Vehicle Manufacturing Co., Ltd. and Liuzhou Wuling Liuji Power CO.,Ltd. , reaches to RMB 4.5 billion.
Liuzhou Wuling Automobile Industry Co., Ltd. has three main businesses--engine, special-purpose vehicle and auto part. As the strategic partner of SGMW，the biggest mini vehicle manufacturer in China we have made great progress in businesses in recent years that the sales revenue and the net profit have increased by 45%-52% since from 2004 to 2006, and the sales revenue in 2007 reaches to 6.3billion. In 2008, one of the shareholders –Dragon Hill Holdings Limited (HK0305) is recognized as “better than the market performance” by China Merchants securities (HK) Co., Ltd.
As the completed industry chain of R&D, supply, congregation and brand research been built, we obtain advantage in economy of scale and rank into the first 10 place of Chinese auto part industry. Our leading products and the productivity as following: the front axle, the rear axle, the brake assembly and the panel reach to more than 550,000, the engine more than 600,000, and the special-purpose vehicle 25,000.
We take business opportunities from developing Chinese automobile market as our targets. During the period of “the Eleventh Five Years Development Plan”, we would devote to promoting the development of three leading business (auto part, engine and special-purpose vehicle) by technology and management innovation, and make effort to enlarge the domestic and abroad markets by congregating internal and external industrial chains.
We aim to create an enterprise of strong advantage and great competitiveness creating value for the consumers, and build into an automotive enterprise that takes the leading position in the international industrial chain at the end of “the Eleventh Five Years Development Plan”, and has an international influence and a globalization insight.