24.45
-1.41%
Close of 9 Nov 2026, in CNY
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About Luoyang Xinqianglian Slewing Bearing Co
Its shares trade on Shenzhen under the ticker 300850.SZ. It has been listed since 13 July 2020. In the fiscal year to 31 December 2025, it reported revenue of CN¥4.62bn and net income of CN¥818.2m. At that date it held total assets of CN¥11.68bn and shareholders' equity of CN¥7.00bn.
Luoyang Xinqianglian Slewing Bearing Co., Ltd. engages in the research, development, production, and sale of large slewing bearings and industrial forgings. The company is headquartered in Luoyang, Henan. The company went IPO on 2020-07-13. The firm operates two business segments. The Slewing Bearing segment is engaged in the production and sale of slewing bearing products. The Forging segment is engaged in the production and sale of ring forging products. The firm's main products include wind power spindle bearings, yaw bearings, pitch bearings, shield machine bearings and key parts, offshore engineering equipment crane slewing bearings and forgings. Its products are mainly used in fields such as wind turbines, shield machines, offshore equipment and construction machinery. The firm conducts its businesses within the domestic market and to overseas markets.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 13 Jul 2020
- Employees
- 2,247
- Website
- lyxqlbearing.com.cn ↗
Leadership
Pay as last reported
- Mr. Zhengqiang XiaoChairman of the Board, since 2011CN¥399,700
- Ms. Congmei KouChief Financial Officer, Deputy General Manager, Secretary of the BoardCN¥273,600
- Mr. Gaoqiang XiaoGeneral Manager, Director, since 2011CN¥399,700
- Mr. Xin WangGeneral Manager of Shengjiu Forgings, Director, since 2024CN¥56,400
- Mr. Mingcan ChenIndependent DirectorCN¥36,800
- Mr. Wei MaIndependent DirectorCN¥36,800
- Mr. Zaitao MaIndependent DirectorCN¥36,800
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 36
- Environment
- 43
- Social
- 15
- Governance
- 50
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Luoyang Xinqianglian employs 2,247 full-time employees for machinery production and development.
- The company's Slewing Bearing segment produces wind power spindle bearings and yaw bearings.
- The Forging segment specializes in ring forging products for offshore engineering equipment.
Weaknesses
- The company's business is limited to two segments: Slewing Bearing and Forging.
- The firm operates primarily within the domestic market of China.
- The company's IPO was on 13 July 2020, indicating a relatively recent market entry.
Opportunities
- The global wind power industry growth offers opportunities for wind power spindle bearings.
- Offshore engineering equipment demand is increasing globally for crane slewing bearings.
- Construction machinery markets in emerging countries present expansion potential.
Threats
- Competition from domestic machinery manufacturers in China.
- Economic fluctuations in the Chinese construction machinery sector.
- Global supply chain disruptions affecting industrial forgings production.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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