JD Capital-invested Shuangying Stock Listed on New OTC Market
Liuzhou Shuangying Co., Ltd. (short name: Shuangying Stock, code: 837677), once invested by JD Capital, has been listed on NEEQ for transfer.
Shuangying Stock focuses on the production and marketing of auto seats, auto seat frames, car interior decorations (plastic decorations), brake supports, dashboard frameworks, and chassis stamping parts. Shuangying Stock holds patents for rotational positioning device used on seat frame spot welding, technical equipment for cutting steel tubes, automatic folding car seat, the armrest structure, etc.
At present, main clients of Shuangying Stock include domestic, foreign-invested, joint-venture car companies and direct suppliers of automobile parts. Shuangying is supplying auto seats and interior plastic decorations for SAIC-GM-Wuling Automobile as direct supplier, and moreover, maintains solid cooperation with other suppliers such as Lear Cooperation and Yanfeng Automotive, which demonstrates the company’s influence and competitiveness in manufacturing products of such fields.
Following the global financial crisis in 2008, China's auto output has decreased while the general growth rate remaining above international level and shows the trend of accelerated growth especially in recent years. At the same time, the industry for auto seat functional parts manufacturing is witnessing gradual convergence. Any enterprise with enough manufacturing scale and R&D technology shall seize the opportunity to expand production capacity, and welcome larger market share through constant research and technology advancement.
In 2015, JD Capital invested in Shuangying Stock and held a 14.54% stake prior to its IPO.