What Ningbo Zhenyu Technology Co. does

Ningbo Zhenyu Technology Co. (宁波震裕科技股份有限公司) is a China-based precision manufacturer founded in 1994 and publicly listed on the Shenzhen Stock Exchange (ticker: 300953). The company operates three integrated business divisions: (1) Progressive Die Manufacturing — high-speed progressive dies for serial production of motor laminations and electromagnetic cores ranging from Ø12mm to Ø600mm, covering stator/rotor cores for AC/DC, BLDC, induction, and stepper motors used in air conditioners, refrigerators, washing machines, automotive applications, and generators; (2) Precision Stamping/Lamination — via its wholly-owned Suzhou subsidiary Fine-Stamping (范斯特), producing motor cores and automotive electrical components with ~300M RMB annual turnover; and (3) Lithium Battery Structural Parts (EVBC) — battery top covers (200,000 sets/day capacity) and aluminum shells (100,000 sets/day) for new energy vehicles, with operations anchored in Yibin, southwestern China.

The company makes money primarily through B2B hardware sales and die licensing to industrial manufacturers, with an annual turnover of approximately 750M RMB across the three divisions per company commentary (though consolidated disclosed financials indicate the group has scaled to ~1.39B RMB in 2025). The go-to-market is sales-led direct engagement, supported by two domestic offices and three overseas offices distributing to more than 20 countries. Equipment investment of 660M RMB across Swiss, Japanese, and German precision machinery (Bruderer, AIDA, Chin Fong punch presses; Hauser, Agie Charmilles EDM; Okuma machining centers) underpins throughput and tolerance capabilities that domestic competitors struggle to match.

The company's customer base spans automotive OEMs (including General Motors via SAIC partnership), home appliance manufacturers, EV battery assemblers, and industrial motor producers. Revenue grew from ~477M RMB in 2021 to ~1,392M RMB in 2025, with Q1 2026 net profit up 277%–319% year-over-year, indicating strong operating leverage from EV battery structural parts scaling. Named competitive advantages include proprietary progressive die technology (multiple patents, breaking foreign monopolies), 30+ years of craft expertise, multiple 精模奖 First Class industry awards, and ESG credentials (carbon-neutral Yibin base, responsible supply chain policies) that support qualification into global OEM supply chains.

Name

Ningbo Zhenyu Technology Co.

Legal name

宁波震裕科技股份有限公司

Website

https://zhenyumould.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ningbo Zhenyu Technology is a China-based precision manufacturer producing high-speed progressive dies, motor lamination stampings, and lithium battery structural parts (battery top covers and aluminum shells) for automotive OEMs, home appliance makers, and EV battery manufacturers across 20+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Ningbo

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Progressive Die Manufacturing: The company designs and manufactures high-precision progressive dies for serial production of motor laminations. This is a capital-intensive, high-margin precision manufacturing business generating annual turnover of approximately 250 million RMB.
2. Precision Stamping / Lamination: Fine-Stamping (Suzhou) division provides precision stamping and lamination products for motor cores, serving automotive and industrial customers with an annual turnover of approximately 300 million RMB.
3. Lithium Battery Structural Parts (EVBC): The company develops and manufactures lithium battery structural components for new energy vehicles, including battery top covers, aluminum shells, and provides complete solutions, generating annual turnover of approximately 200 million RMB.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ningbo Zhenyu Technology designs and manufactures high-precision high-speed progressive dies for serial production of motor laminations and electromagnetic cores, producing precision-stamped motor cores and automotive electrical components. Through its subsidiary Fine-Stamping in Suzhou, it produces precision stamped laminations for high-end customers; through its Yibin base it manufactures lithium battery structural parts (top covers and aluminum shells) for new energy vehicles. The company also offers automation solutions for manufacturing processes and exports products to more than 20 countries.

Product overview

Ningbo Zhenyu Technology Co. operates as a precision manufacturing company with three core business divisions: (1) Progressive Dies/Moulds for motor laminations and electromagnetic cores; (2) Precision Stamping via its subsidiary Suzhou Fine-Stamping; and (3) Lithium Battery structural parts for electric vehicles. The company also provides automation solutions. With equipment investment of 660 million RMB, the company has annual production capacity of 250 million RMB for dies, 300 million RMB for stamping, and 200 million RMB for battery structural parts.

Differentiator

Problem solved

Functional benefit

Brands

• 范斯特 (Fine-Stamping): Precision stamping subsidiary established in Suzhou in 2013, specializing in motor core laminations, automotive electrical components, and transformer progressive dies.

Products and services

• Progressive Dies / Moulds (模具) High-speed progressive dies for serial production of motor laminations and electromagnetic cores, including dies for air conditioner compressors, refrigerator compressors, washing machine motors, automotive motors, generators, stepper motors, BLDC motors, induction and shaded-pole motors, and AC/DC variable frequency motors. Covers lamination sizes from Φ12mm to Φ600mm and supports self-locking, skewed slots, stepped bore, and other functions for lamination from Φ12mm to Φ260mm.
• Suzhou Fine-Stamping Precision Stamping (苏州范斯特冲压) Precision stamping products for motor cores and automotive electrical components, located in Suzhou New District with 50 mu site area and 30,000 square meters of floor space. Serves high-level customers with precision motor lamination stamping, automotive electrical components, transformer progressive dies, and rotor aluminum die-casting molds.
• Lithium Battery Structural Parts (锂电技术) Professional R&D and manufacturing of structural parts for automotive new energy batteries with complete solution provision. Includes battery top covers (200,000 sets/day capacity) and aluminum shell deep drawing (100,000 sets/day capacity), along with friction welding, laser welding, and full product monitoring services.
• Automation Solutions (自动化) Automation solutions and equipment for manufacturing processes, complementing the die, stamping, and lithium battery divisions.

Quantifiable outcome

• Annual production capacity of 200,000 sets of battery top covers per day and 100,000 sets of aluminum shell drawing per day
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Fine-Stamping (范斯特机械科技有限公司)coreOthersSuzhou Fine-Stamping was established in 2013 as a subsidiary of Zhenyu Technology to provide precision lamination stamping products for high-level customers. Located in Suzhou New District with approximately 34,000 sqm of factory area and 30,000 sqm of floor area, the subsidiary specializes in manufacturing motor core laminations, automotive electrical components, transformer high-speed progressive dies, and rotor aluminum die-casting molds. Fine-Stamping (website: fine-stamping.com) operates as an integrated part of Zhenyu's stamping business division.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mitsui High-tec, Inc. Japanese manufacturer of motor cores (stator/rotor laminations) primarily serving the EV and automotive markets. Mitsui High-tec is the closest international equivalent to Zhenyu's core motor lamination business, producing stamped cores using similar high-speed progressive die and stamping processes.
• Tempel Steel: US-headquartered (with global operations including India and China) precision manufacturer of electrical steel laminations for motors, transformers, and inductors. Direct overlap with Zhenyu's motor lamination and transformer die product lines, serving many of the same end-market customers.
• MISUMI Group Inc. Japanese precision components, die components, and stamping parts manufacturer with global catalog/e-commerce distribution. MISUMI directly competes with Zhenyu in standardized precision die components and motor-related custom parts, with overlapping customer base in motor and appliance manufacturers.
• Hangke Technology Inc. Shanghai-listed (688006) Chinese manufacturer of lithium battery cell manufacturing equipment and battery structural components for EVs. Direct overlap with Zhenyu's EVBC division (lithium battery top covers, aluminum shells, structural parts) serving the same NEV battery pack customer base in China.

Broad incumbents

• Schuler Group: German global leader in metal forming press technology, stamping systems, and progressive die manufacturing. Schuler represents a much larger incumbent in the same precision stamping and progressive die category as Zhenyu, with broader scope including complete stamping lines for automotive OEMs and motor manufacturers worldwide.
• Sumitomo Electric Industries, Ltd. Japanese diversified industrial conglomerate with a Flat Wire & Motor Lamination business that produces motor cores and laminations for EVs and appliance motors. Overlaps with Zhenyu's motor lamination stamping products and serves similar global automotive and industrial customers as part of a much broader wire, electronics, and materials portfolio.

Others

• Cleveland-Cliffs Inc. US-headquartered (formerly AK Steel) producer of electrical steel (GOES and NGOES), the key raw material for motor and transformer laminations. Cleveland-Cliffs is an upstream materials supplier to Zhenyu and its peers, supplying grain-oriented and non-oriented electrical steel that Zhenyu then stamps into motor and transformer cores.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ningbo-zhenyu-technology-co.-ltd.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ningbo Zhenyu Technology Co.