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Lixing Shares plans to acquire controlling interest in Qingdao Feiyan Steel Balls, positioning itself in the high-end manufacturing sector.
Release time:
Apr 01,2025
On the afternoon of March 31, Lixing Shares issued an announcement stating that the company plans to acquire a controlling stake in Qingdao Feiyan Lingang Precision Steel Ball Manufacturing Co., Ltd. (hereinafter referred to as “Feiyan Steel Balls”) through a cash transaction. This investment is still in the planning stage, and no transaction agreement has been signed yet. The final investment amount and equity stake have not yet been determined.
Founded in 2004, Feiyan Steel Ball is affiliated with Qingdao Huatong State-owned Capital Operation Group Co., Ltd. and is a company specializing in the manufacturing of precision steel balls. Its core products include bearing steel and stainless steel balls ranging in diameter from 0.5 to 12.7 millimeters, widely used in industries such as automotive, aerospace, and precision machinery. Feiyan Steel Ball enjoys a significant competitive edge in the micro steel ball segment; its products account for over 90% of the domestic market share in commercial vehicles and heavy-duty trucks, and it indirectly supplies well-known brands such as the American Jeep Wrangler and Ford pickup trucks.
This investment represents an important strategic move by Lixing Shares, leveraging its years of technological expertise and industry resource integration capabilities in the bearing rolling element sector to position itself strategically in the high-end manufacturing field. Feiyan Steel Balls boasts established technological expertise in non-bearings applications such as machine tools and ball screws, with core processes that have built unique technological barriers in precision machining and surface treatment. Through this industrial integration, Lixing Shares will forge a strategic partnership with Feiyan Steel Balls characterized by “technological complementarity plus market synergy,” significantly enhancing its global competitiveness in the micro high-precision rolling element segment.
In addition, Feiyan Steel Balls is located in Huangdao District, Qingdao City, just a 40-minute drive from Qingdao Port, giving it a significant geographical advantage. As an important international shipping hub in northern China, Qingdao Port will provide Lixing Shares with convenient import and export channels, helping the company expand into the Northeast Asia, as well as European and American markets.
Lixing Shares stated that this investment aligns with the company’s long-term development strategy and will provide critical component support for China’s strategy of domesticating high-end equipment manufacturing.
(Reprinted from the Shanghai Securities Journal’s China Securities Net)
More information
Stock Code:300421
Fax: 0086-513-87516774
E-mail: xwu@jgbr.cn
Address: No. 68 Xingyuan Avenue, Rugao City, Jiangsu Province, China.
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