In 2020, the world was in turmoil, and the global economy was shrouded in the shadow of the COVID-19 pandemic. However, Shaoxing Chunhui Precision Electromechanical Co., Ltd., a subsidiary of Chunhui Intelligent Control, operated at full capacity throughout the year, with demand for its products outstripping supply.
In early 2015, Chunhui Intelligent Control took over Shangyu Internal Combustion Engine Parts Co., Ltd. from Chunhui Group, renamed it Shaoxing Chunhui Precision Electromechanical Co., Ltd., and made it a wholly-owned subsidiary of Chunhui Intelligent Control.
Through more than five years of effort, Chunhui Intelligent Control has continuously introduced corporate culture and management into Chunhui Precision Electromechanical. Empowered by the management of the parent company, persevering and forging ahead, adopting a light-asset and fast-turnover business philosophy, combined with Chunhui Precision's own technical strength and relying on the hard work of all cadres and employees, the company has established a lean and flexible manufacturing model. After years of dedicated effort and product upgrades, the company has developed into a well-managed, technologically advanced enterprise with a good reputation and strong competitiveness! In 2020, the company invested more than 20 million yuan to introduce advanced global equipment to improve product quality, precision, and capacity!
Compared with 2014 before the acquisition, Chunhui Precision's sales revenue in the first three quarters of 2020 increased significantly year-on-year, per capita output doubled, and profitability reached a historic high. The debt ratio dropped from 89% before the acquisition to 33.8%. The company has ample cash flow and operates in a very healthy manner. Adhering to the corporate culture of “diligence as the foundation, treating people with sincerity,” it has set the vision of becoming a “leader in heavy-duty engine camshafts”!
As a professional company specializing in commercial vehicle engine camshafts and valve lifters, Chunhui Precision Electromechanical has always adhered to the business philosophy of providing customers with high-tech, high-quality products. Its leading products meet the technical requirements of globally renowned engine companies such as Germany's MAN and Japan's HINO. Currently, its products are widely used by global engine companies such as SAIC Group, China National Heavy Duty Truck Group, Weichai Power, Yuchai Co., Cummins, Isuzu, and Hino. With the vision of becoming an industry leader, Chunhui Precision focuses on the field of precision manufacturing, striving to build the company into a world-class factory and is willing to contribute its modest strength to jointly promote the development of China's industry!
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