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Lixing Group and Shanghai Electric Jiyou Mingyu join forces to jointly create a new blueprint for precision manufacturing.
Release time:
Jul 09,2025
On July 8, 2025, Lixing Group and Shanghai Electric Jiyu Mingyu held a strategic cooperation signing ceremony. Starting from complementary strengths, the two companies will jointly promote technological innovation and industrial upgrading in the field of precision manufacturing.
The signing ceremony was given high priority by both the government and the enterprise. Wang Minghao, Secretary of the Rugao Municipal Party Committee and Mayor; Wang Weihua, Member of the Municipal Party Committee and Head of the Organization Department; and Sun Deli, Vice Mayor, attended the event. Chen Minghua, Member of the Municipal Party Committee and Vice Mayor, as well as Secretary of the Party Working Committee of the High-tech Zone, presided over the signing ceremony. Chen Hui, Deputy General Manager of Shanghai Jiyou Mingyu, and Shi Bo, President of Lixing Group, signed the agreement on behalf of their respective companies. Leaders from the Rugao Municipal Party Committee and Ding Yuqing, Executive Director and General Manager of Shanghai Jiyou Mingyu, jointly witnessed the signing, effectively giving the “go-ahead” for this collaboration.
(Photo from the signing ceremony)
A Powerful Partnership: Setting a New Benchmark for Precision Manufacturing
As a core enterprise under Shanghai Electric, Jiyou Mingyu is deeply engaged in the manufacturing of fundamental mechanical components, with its business spanning diverse sectors including bearings, fasteners, blades, and cutting tools. Its products are exported to more than 70 countries and regions worldwide, and the company boasts end-to-end capabilities—from R&D to comprehensive solutions. Lixing Group, meanwhile, is a leading domestic player in rolling element technology for transmission systems. Listed on the Shenzhen Stock Exchange in 2015, the group has eight wholly-owned subsidiaries located in Jiangsu, Zhejiang, Poland, the United States, and other regions, and sets industry standards through its advanced manufacturing processes.
Deepening Cooperation: Building an Industrial Ecosystem Across Three Key Dimensions
Based on the principle of “win-win cooperation and mutual benefit,” both parties are focusing on three strategic directions:
Industry Collaboration Focusing on the core links of the transmission equipment industry chain, guided by the strategic needs of national key industries and in conjunction with emerging hot application areas such as new energy and high-end equipment, we will carry out comprehensive, full-chain business collaboration.
Co-creation in R&D Share technological resources and R&D platforms, strengthen efforts to tackle key technologies in the transmission systems field and promote their industrial application, and advance the engineering implementation of new materials and new processes.
Market Development Integrate overseas channels and brand resources, with a focus on strategically developing high-end markets such as Europe and North America, and establish long-term strategic partnerships through joint marketing initiatives.
Talking About the Future: The Industry Vision of Leaders
Ding Yuqing | Executive Director and General Manager of Jiyou Mingyu
“This collaboration marks an important step for Jiyou Mingyu in deepening industrial chain synergy. Together with Lixing Group, we will leverage technology sharing and market integration as driving forces to jointly enhance the global competitiveness of ‘Made in China,’ injecting new momentum into the precision manufacturing industry.”
Shi Bo | President of Lixing Steel Ball Group
Lixing Shares looks forward to forming complementary advantages with Jiyu Mingyu, fostering deep integration in areas such as transmission system technology innovation, green manufacturing system development, and global expansion. Together, the two companies will work hand-in-hand to upgrade industry standards and shape a new ecosystem for the precision manufacturing sector.
This collaboration has received strong support from the Rugao Municipal Government. Using the industrial chain fund as a link, it will integrate resources such as policies, talent, and platforms to help both parties achieve breakthroughs in areas including technological R&D, market expansion, and standard-setting, thereby setting a new benchmark for high-quality development of advanced manufacturing in the Yangtze River Delta region.
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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