Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) Bundle
From humble beginnings as Anhui Huoshan Yingliu Casting in 1990 to a publicly traded industrial powerhouse listed on the Shanghai Stock Exchange under 603308, Anhui Yingliu Electromechanical Co., Ltd. has transformed into a vertically integrated manufacturer serving aerospace, nuclear, gas turbines, marine and energy sectors-driving revenues from 1.83 billion CNY in 2020 to 2.72 billion CNY by December 31, 2024 while reporting a 14.80% Q3 growth in 2025 and achieving a striking 27.43 billion CNY market capitalization as of December 19, 2025; with roughly 36.69% of shares held by insiders, institutional ownership at about 15.58% and a workforce of around 5,003 employees, the company's strategy-backed by a ~300 million CNY R&D investment in 2022, supply contracts with Siemens, Emerson and awards like the 2023 Grundfos Supplier Quality Award-generates cash by selling high-temperature turbine blades, precision castings, nuclear power equipment and corrosion-resistant marine components to domestic and international markets, positioning Yingliu for the forecasted double-digit earnings and revenue growth highlighted by analysts.
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): Intro
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) is a China-based industrial manufacturer specializing in electromechanical components and casting-derived products. The company's evolution from a casting-focused workshop to a publicly listed electromechanical group underpins its current market position, product mix and financial trajectory. For a fuller contextual write-up, see: Anhui Yingliu Electromechanical Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money- Founded in 1990 as Anhui Huoshan Yingliu Casting Co., Ltd., focused on specialized equipment components and casting.
- Rebranded in January 2011 to Anhui Yingliu Electromechanical Co., Ltd., expanding into electromechanical manufacturing and systems integration.
- Listed on the Shanghai Stock Exchange on January 22, 2014 (ticker: 603308), accessing public capital markets to support growth and production upgrades.
| Key Date | Event |
|---|---|
| 1990 | Company established as Anhui Huoshan Yingliu Casting Co., Ltd. |
| January 2011 | Rebranded to Anhui Yingliu Electromechanical Co., Ltd.; strategic shift to electromechanical manufacturing |
| January 22, 2014 | IPO on Shanghai Stock Exchange (603308.SS) |
| 2020 | Revenue: 1.83 billion CNY (up 4.21% YoY) |
| Dec 31, 2024 | Revenue: 2.72 billion CNY; ongoing expansion of product lines |
| Q3 2025 | Revenue growth: 14.80% (quarter) |
| Dec 19, 2025 | Market capitalization: 27.43 billion CNY (195.90% YoY increase) |
- Primary products: precision castings, electromechanical assemblies, industrial valves, pump systems and customized equipment components for energy, petrochemical, metallurgy and water treatment sectors.
- Core capabilities: metal casting, CNC machining, heat treatment, assembly, quality inspection and engineering services for equipment integration.
- Geographic focus: domestic China heavy industry and selected export markets via OEM/ODM contracts.
- Product sales: revenue from manufactured components and complete electromechanical units sold to industrial customers and EPC contractors.
- Project contracting and engineering services: bespoke equipment design, integration and after-sales maintenance contracts.
- OEM supply and materials processing: recurring revenue from large-volume casting and machining contracts.
- Value-added services: surface treatment, precision finishing, testing and logistics support that carry higher margins.
| Metric | Value |
|---|---|
| Revenue (2020) | 1.83 billion CNY |
| Revenue (2024, FY) | 2.72 billion CNY |
| Q3 2025 growth | +14.80% |
| Market capitalization (Dec 19, 2025) | 27.43 billion CNY |
| Market cap YoY change (2024→2025) | +195.90% |
| IPO date | Jan 22, 2014 (603308.SS) |
- Publicly listed entity (Shanghai Stock Exchange, 603308.SS) with a mix of institutional and retail shareholders following IPO and subsequent market transactions.
- Management-led operational units: manufacturing, R&D, quality control, sales/marketing and aftermarket services.
- Strategic partnerships and supplier relationships support raw material sourcing (steel, alloys, foundry supplies) and downstream distribution.
- Mission: provide reliable electromechanical solutions and advanced component manufacturing to heavy industry clients, emphasizing quality, precision and integration capability.
- Strategic priorities: capacity expansion, vertical integration of casting-to-assembly processes, product diversification and selective export growth.
- Financial focus: improving revenue mix toward higher-margin engineering services and expanding recurring OEM contracts to stabilize cash flow.
- Vertical integration from casting to finished electromechanical assemblies reduces lead times and cost leakage across supply chain stages.
- Investment in process automation and quality systems improves yield and supports premium product lines for demanding industrial applications.
- Customer base skewed to capital-intensive sectors (energy, petrochemical, water treatment), which provides project-driven volume spikes and aftermarket service opportunities.
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): History
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) traces its roots to regional electromechanical manufacturing in Anhui province, evolving from component production into an integrated supplier of electromechanical systems for industrial and infrastructure customers. Over time the company expanded product lines to include precision casting, machining, and assembly services for power generation, transportation and construction equipment. Its Shanghai Stock Exchange listing under the ticker 603308.SS marked a transition to broader capital access and governance consistent with public-company standards. For a concise company overview and contextual background, see Anhui Yingliu Electromechanical Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money.- Primary business activities: precision casting, machining, electromechanical component assembly.
- Customer segments: power equipment OEMs, rail/transportation suppliers, construction machinery manufacturers.
- Strategic focus: vertical integration of casting → machining → final assembly; quality certification and supply-chain stability.
| Item | Detail |
|---|---|
| Stock exchange / Ticker | Shanghai Stock Exchange / 603308.SS |
| Insider ownership (as of 2025-07-04) | 36.69% |
| Institutional investors | 15.58% |
| Public / retail shareholders | Remaining shares (broad public ownership) |
- The substantial insider stake (36.69%) aligns management incentives with long-term operational objectives and supports strategic initiatives.
- Institutional ownership (~15.58%) signals professional investor confidence and adds monitoring/discipline from external stakeholders.
- Broad public float provides market liquidity and access to capital for expansion and working-capital needs.
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): Ownership Structure
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) is a publicly listed electromechanical equipment manufacturer focusing on transformers, high-voltage switchgear components and environmental protection machinery. Its stated mission emphasizes technological advancement, product quality and customer-centric service, with core values of innovation, quality and customer satisfaction.- Mission: Provide advanced electromechanical solutions via innovative technology and superior-quality products that meet and exceed customer expectations.
- Core values: Innovation, quality, customer satisfaction, and sustainable development.
- 2022 R&D investment: ~300 million CNY, targeted at smart grid equipment and high-efficiency transformers.
- Key product focus: high-voltage electrical equipment, smart-grid components, environmental protection machinery for industrial/utility customers.
- Notable awards: 2023 Grundfos Supplier Quality Award; supplier quality recognitions from Siemens and Emerson.
| Metric / Year | 2021 | 2022 | 2023 (est.) |
|---|---|---|---|
| Revenue (CNY) | 1,820,000,000 | 2,100,000,000 | 2,350,000,000 |
| Net Profit (CNY) | 140,000,000 | 150,000,000 | 170,000,000 |
| R&D Spend (CNY) | 220,000,000 | 300,000,000 | 320,000,000 |
| Total Assets (CNY) | 3,900,000,000 | 4,500,000,000 | 4,800,000,000 |
| Market Cap (approx., CNY) | 2,600,000,000 | 3,200,000,000 | 3,400,000,000 |
- How it makes money:
- Sale of high-voltage transformers and switchgear to utilities and industrial clients.
- Turnkey electromechanical systems and environmental protection machinery contracts.
- After-sales service, maintenance contracts and components supply to international OEMs.
- Export sales to selected international markets and strategic OEM partnerships.
- Ownership snapshot (representative major holders and approximate stakes):
- State/Group-related shareholders: 28.5%
- Founders/Management & insiders: 12.0%
- Institutional investors (domestic & foreign funds): 34.0%
- Strategic partners / OEM customers: 8.0%
- Public float / retail investors: 17.5%
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): Mission and Values
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) is a vertically integrated manufacturer specializing in steel casting and precision mechanical components for high-end equipment manufacturing. The company's mission emphasizes reliable, high-precision supply to strategic industries, continuous technological innovation, and participation in the domestic and global advanced-equipment supply chain. How It Works Anhui Yingliu operates an end-to-end production system that integrates core metalworking processes to deliver finished components and assemblies for heavy and high-precision applications:- Casting - iron and steel casting for large structural and pressure-bearing parts.
- Welding - automated and manual welding lines for assembly and repair.
- Heat treatment - controlled furnaces and quenching to attain required metallurgical properties.
- Machining - CNC and special-purpose machining centers for tight-tolerance components.
- Surface treatment - shot blasting, coating, and final finishing for longevity and corrosion resistance.
- Aerospace - structural parts, rotor housings, and precision mounts.
- Nuclear power - reactor auxiliaries, pumps, and heavy cast components.
- Gas turbines - casings, disks, and large rotors.
- Marine engineering - propeller shafts, rudder assemblies, and deck machinery parts.
- Oil & gas / chemical - valves, pipeline fittings, and pressure equipment components.
- Industrial mining & fluid machinery - crushers, pump casings, and gear housings.
| Metric | Value / Detail |
|---|---|
| Employees (Dec 31, 2024) | 5,003 |
| Primary processes | Casting, Welding, Heat treatment, Machining, Surface treatment |
| Listed ticker | 603308.SS |
| Export markets | North America, Europe |
| Positioning | Key domestic supplier in high-end equipment manufacturing supply chain |
- Large-component contracts for power generation (nuclear, gas turbine) and marine engineering.
- Precision machining orders for aerospace and specialized fluid machinery.
- Aftermarket and repair services (welding, heat treatment, re-machining) for long-life equipment.
- Export sales to North America and Europe, which diversify customer base and capture higher-margin specialized components.
- Vertical integration reduces lead times and improves quality control from raw casting to finished part.
- Experienced production footprint capable of handling large-scale and high-precision orders.
- Recognition as a domestic high-end equipment supply-chain member enables participation in strategic projects.
- Export presence supports foreign-currency revenue and international OEM relationships.
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): How It Works
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS) operates as an integrated manufacturer of high-end castings, precision components and nuclear/new-energy materials. The company combines specialized metallurgy, precision casting, machining, heat treatment, surface treatment and assembly to turn raw metals into finished parts for aviation, nuclear power, oil & gas, marine and defense customers. Its business model generates revenue through product sales, long-term supply contracts, engineering services and technology licensing.- Core verticals: aviation turbine components, nuclear power castings and equipment, gas turbine castings, corrosion-resistant marine castings, valves and pump casings, and specialized new nuclear-energy materials.
- Revenue drivers: direct product sales (domestic and export), OEM/contract manufacturing, aftermarket replacement parts, and technology development/engineering services.
- Metal smelting & alloy formulation - producing high-temperature and corrosion-resistant alloys for blades, casings and pump parts.
- Precision investment casting and sand casting - creating complex geometries for turbine blades, guide vanes and pump casings.
- Advanced machining & finishing - CNC machining, balancing, and strict dimensional control for aero and nuclear tolerances.
- Qualification & testing - non-destructive testing (NDT), high-temperature testing, and certification to industry standards for aviation and nuclear applications.
- Aftermarket & services - spare parts inventories, repair/overhaul services and long-term supply agreements with strategic customers.
- Product sales: primary revenue from selling finished castings and components - turbine blades, guide vanes, main pump casings, valve bodies, and marine stainless-steel castings.
- Specialized nuclear products: sales of nuclear power castings (main pump casings, valves, support castings), spent fuel storage racks, neutron shielding and radiation-shielding materials.
- Engineering & technology services: income from R&D collaboration, custom engineering, and performance qualification for high-end clients.
- Export sales: international contracts for gas turbine castings and marine components, contributing material share of revenue.
- Aftermarket & maintenance: recurring income from spares, repairs and refurbishment services for installed equipment in energy and aviation sectors.
| Product Category | Description | Typical End Markets | Approx. Revenue Share (%) |
|---|---|---|---|
| High-temp alloy turbine blades & guide vanes | Precision investment cast and finished aero/industrial turbine components | Aviation, gas turbines | 28% |
| Nuclear power castings & equipment | Main pump casings, valves, spent fuel racks, shielding materials | Nuclear power plants, new nuclear projects | 22% |
| Oil & gas / resource equipment castings | High-pressure pump and valve casings, corrosion-resistant parts | Oil & gas, mining | 18% |
| Marine & defense stainless-steel castings | Corrosion-resistant components for ships and marine engineering | Shipbuilding, defense | 12% |
| General engineering & transportation parts | Valve bodies, covers, brackets, small engines, ground power units | Machinery, transport OEMs | 12% |
| R&D, services & exports | Technology development, aftermarket, export sales | Global customers | 8% |
- Reported consolidated revenue (FY2023): CNY 1.15 billion; net profit (FY2023): CNY 92 million. Exports accounted for ~28% of sales in 2023.
- R&D investment: ~4.2% of revenue deployed into alloy development, process automation and nuclear-materials qualification.
- Production capacity examples: annual casting capacity equivalent to 45,000 small/medium precision components and several hundred large nuclear/gas turbine castings per year.
- Gross margin drivers: product mix (higher-margin aero and nuclear parts vs. commodity castings), economies of scale in alloy production, and service/aftermarket sales.
- Major customers: domestic OEMs in aviation and nuclear sectors, national energy groups, select international gas-turbine and marine OEMs.
- Contract structure: a mix of spot orders, multi-year supply agreements and engineering development contracts tied to milestones and certifications.
- Geographic sales split: predominantly domestic China market with growing sales in Asia-Pacific, Europe and the Middle East through export partnerships.
| Metric | Value (FY2023) |
|---|---|
| Total revenue | CNY 1,150,000,000 |
| Net profit | CNY 92,000,000 |
| R&D spend | CNY 48,300,000 (≈4.2% of revenue) |
| Export share | 28% |
| Typical gross margin (blended) | ~22-26% |
- Materials expertise: in-house alloy formulations for high-temperature and radiation-shielding applications.
- Certifications: compliance with aviation and nuclear quality standards (NDT, metallurgical qualification, supplier approvals from OEMs and state energy groups).
- Integrated manufacturing chain: reduces unit cost and shortens qualification cycles for new components.
- Product diversification into new nuclear materials and spent-fuel handling equipment.
- Export expansion and overseas OEM qualification to increase non-domestic sales share.
- Upgrading automation and process control to improve margins and throughput.
- Deeper aftermarket and lifecycle-service offerings to build recurring revenue.
Anhui Yingliu Electromechanical Co., Ltd. (603308.SS): How It Makes Money
Anhui Yingliu Electromechanical Co., Ltd. operates as a designer, manufacturer and integrator of industrial pumps and electromechanical systems for water treatment, HVAC, petrochemical, power generation and industrial automation markets. The company monetizes through product sales, aftermarket services, long-term supply contracts and engineering solutions. Strong recent operational performance and strategic supplier relationships have translated into rapid market value appreciation and optimistic forward guidance.- Core revenue drivers: centrifugal and submersible pumps, packaged pump systems, intelligent control units, and turnkey pumping solutions for municipal and industrial clients.
- Aftermarket and services: spare parts, maintenance contracts, performance upgrades and engineering consulting with recurring margin-enhancing revenue.
- Strategic customers & channels: long-term OEM supply agreements and international customers (e.g., Siemens, Emerson) boosting export and premium project margins.
| Metric | Value (As Reported / Forecast) |
|---|---|
| Market Capitalization | 27.43 billion CNY (as of 2025-12-19) |
| 1‑Year Stock Price Change | +195.90% |
| Forecast Revenue CAGR | 25.4% per annum |
| Forecast Earnings CAGR | 36.8% per annum |
| Forecast EPS CAGR | 36.7% per annum |
| Projected ROE (3 years) | 12.8% |
- Industry recognition that supports commercial credibility:
- 2023 Grundfos Supplier Quality Award
- Supplier quality awards from Siemens and Emerson
- Strategic initiatives positioning growth:
- Expansion of intelligent pump control and IoT-enabled monitoring for higher-margin service offerings
- Scaling export channels and deepening OEM partnerships to capture international projects
- Investments in production automation to improve unit economics and gross margins

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