Shenke Bearing: The direct beneficiaries of the state's policy of stimulating domestic demand

Shenke Sliding Bearing Co., Ltd. intends to issue 25 million shares, and the total issued capital will be 100 million shares. It is proposed to be listed on the Shenzhen Stock Exchange. On the evening of the 19th, the China Securities Regulatory Commission announced that the CSRC Audit Committee reviewed the first application of Shenke Sliding Bearing Co., Ltd. and the company’s application was approved.

Shenke Bearing was formerly known as Shenke Limited, formerly known as "Shanghai Motor Factory Zhuji Bearing Co., Ltd." and was established in 1996. On August 1, 2001, Shanghai Electric Machinery Factory Zhuji Bearing Co., Ltd. was renamed as “Zhejiang Shenke Sliding Bearing Co., Ltd.”, and its major assets and business remained unchanged. On December 11, 2008, Shenke Limited changed its overall establishment of a joint-stock company.

Shenke Bearing is a professional supplier of thick-walled plain bearings and parts kits for large and medium-sized Motors, large-scale mechanical equipment, and power generation equipment. He Quanbo, the controlling shareholder of the company, holds 37.5 million shares in the company's shares, accounting for 50% of the company's total issued share capital. The actual controllers all waved to He Jiandong and his son, holding a total of 73.4% of the company's shares.

The core customers of Shenke Slide Bearing Co., Ltd. include Harbin Electric Machinery Co., Ltd. AC & DC Motor Co., Ltd., Harbin Electric Machinery Co., Ltd., Shanghai Electric Group Shanghai Electric Machinery Co., Ltd., Nanyang Explosion-proof Group Co., Ltd., and Xiangtan Electric Co., Ltd. etc. Domestic large-scale complete sets of equipment leading enterprises and motor manufacturers. Shenke Sliding Bearings Co., Ltd. is a qualified supplier of plain bearings for China Nuclear East Engineering Co., Ltd., and is a qualified supplier of sliding bearings for Siemens in Asia. It is a well-known enterprise of Alstom, ABB, etc. Qualified suppliers.

The main customers of Shenke Sliding Bearings Co., Ltd. mostly hold the strategic thinking of “co-development with suppliers”, hoping to purchase stable profitability products from manufacturers that can provide stable and high-quality products and have sufficient fulfillment capabilities. Reduce transaction costs; customers have established long-term and stable cooperative relations with Shenke shares after inspections. In recent years, major clients of Shenke Co., Ltd. have not experienced any loss. The two sides have gradually formed a mutually beneficial and dependable relationship, and the customer base has been stable and has been continuously expanding.

According to the person in charge of Shenke, “The equipment manufacturing industry is a national strategic industry, and the main customers of Shenke Slide Bearing Co., Ltd. are basically equipment manufacturing companies, and are the direct beneficiaries of the country’s favorable policies such as boosting domestic demand and industrial rejuvenation planning.” 2008 Since October of this year, the state has successively issued plans for the adjustment and revitalization of industries such as steel, equipment manufacturing, petrochemicals, automobiles, and ships; on February 4, 2009, the State Council adopted a plan for adjustment and revitalization of the equipment manufacturing industry. The "Twelfth Five-year Plan for the Development of the National Economy and Society" published on March 16, 2011 and the "Twelfth Five-Year Plan for the Development of Machinery Industry" published on March 29, 2011 will both include advanced equipment. Manufacturing is listed as one of the key development targets.