01

What is the origin of the CIJAN and its impact in the industry?

CIJAN derives its name from the Xishui River, symbolizing the ability to overcome all difficulties and move forward, just like water. The company’s headquarters and the manufacturing base for passenger vehicle shock absorbers are located in Xichuan County, Nanyang City, Henan Province, which is also the source of the South-to-North Water Diversion Project in China. Historically known as Danyang, Xichuan was the early capital of the ancient Chu Kingdom and an important birthplace of Chu culture. This area has also produced significant historical figures, including the renowned merchant sage Fan Li.

Founded in 1951, the Nanyang CIJAN Automotive Shock Absorber Co., Ltd. is a publicly listed group company primarily engaged in the production of automotive shock absorbers, automotive gears, as well as shock absorbers for subways, trains, and high-speed trains. The company oversees five subsidiaries located in Italy, Shanghai, Nanyang, and Xichuan. CIJAN is recognized as a national high-tech enterprise and houses a CNAS-certified laboratory specific to the shock absorber industry in China. Additionally, it holds national recognition as an enterprise technology center and has established the first domestically-developed automated production line for semi-active shock absorbers. Notably, it is also the only manufacturer in China to have received certification from CRRC for high-speed train shock absorbers.

02

What are the historical milestones of CIJAN over its 74-year history from 1951 to 2025?

Throughout CIJAN's 74-year development journey, there have been many remarkable moments worth remembering: The company's predecessor, the Xichuan Parts Factory, was established in August 1951. In 1961, it independently designed and developed China's first automotive shock absorber. By 1976, it produced the Victory automobile. In 1982, it was designated as a specialized manufacturer of automotive shock absorbers by the former Ministry of Machinery Industry and became the deputy director unit of the Suspension Professional Committee of the China Association of Automobile Manufacturers. In 1997, it became a supplier to FAW-Volkswagen and was classified as a national large-scale enterprise of the second category. By 1999, it entered the list of the national top 520 key enterprises. In April 2011, CIJAN acquired the Italian company - Way Assauto s.r.l., and in November 2011, it successfully went public in Hong Kong. In 2013, the new factory area was fully put into production. By 2017, it ranked among the top in domestic shock absorber sales within the industry. In 2018, the national first "intelligent manufacturing" workshop for shock absorbers was completed and put into operation. In 2019, the company was recognized by five ministries of the State as a "National Enterprise Technology Center" and "Henan Province Manufacturing Innovation Center." In 2021, the production line for electromagnetic valve shock absorbers was put into operation, and by 2023, the ECAS air suspension production line and the second fully automated ADS production line were established. Starting from its founding in 1951, CIJAN's development can be seen as a microcosm of the growth of the automotive industry in New China.

03

What are the main products of CIJAN currently?

The company's main products are various types of dampers. They cover the full range of over 6000 varieties of shock absorbers for passenger vehicles, commercial vehicles, and railway vehicles. This meets the matching and maintenance needs for various models including sedans, buses, cargo vehicles (micro, light, medium, heavy), specialized military equipment vehicles, high-speed trains, and intercity light rail. It is the only domestic damper company that integrates research and development, production, sales, and service, and is also a company that manufactures all key components in-house. Additionally, it is the first damper company in China to possess complete independent intellectual property rights.

04

Who are the main customers served by CIJAN?

CIJAN's main business is OE market, with customers categorized into passenger vehicles, commercial vehicles, and railway vehicles. The primary customers in the passenger vehicle segment include FAW-Volkswagen, SAIC Volkswagen, Shanghai Automotive, Dongfeng Motor, Geely Automobile, Changan Automobile, Chery Automobile, Great Wall Motors, Guangzhou Automobile, SAIC-GM-Wuling, FAW Hongqi, Beijing Automotive, JAC Motors, SAIC Maxus, and FAW Car.

In the commercial vehicles market, the main customers are: FAW Jiefang, Dongfeng Motor Corporation, Yutong Bus, King Long Automobile, Jiangling Ford, Beiqi Foton, Dongfeng Motor Co., Ltd., Hualing Automotive, Zoomlion Heavy Industry Science and Technology Co., Ltd., SANY Heavy Industry, JAC Heavy (Light) Trucks, and BYD.

For railway vehicles, the customers include CRRC Nanjing Puzhen Vehicles Co., Ltd., CRRC Tangshan Locomotive and Rolling Stock Co., Ltd., CRRC Sifang Co., Ltd., and CRRC Changchun Railway Vehicles Co., Ltd.

In the international market, CIJAN is a global supplier for the Stellantis Group (the merged company of PSA and Fiat-Chrysler) and for Daimler AG in Germany.

05

What investments has CIJAN made in the research and development of shock absorbers?

The R&D centers of CIJAN are established in Xichuan County, Nanyang City, Shanghai, and the cities of Turin and Asti in Italy, with each center taking on different responsibilities according to their functions. CIJAN has always prioritized technological advancement as the most important aspect of the company.

CIJAN's R&D center is recognized as a 'National Enterprise Technology Center' and has obtained CNAS certification for its laboratory capabilities. Additionally, it has passed the R&D and testing capacity certifications from several automobile manufacturers, including SAIC Volkswagen, Dongfeng Renault, and Geely Automobile.

06

What are CIJAN's future development plans in light of China's Smart Manufacturing 2035 Plan?

CIJAN's mission is "Where there are vehicles, there is CIJAN." The company aims to rely on technological and managerial advancements to continuously enhance product competitiveness and support the growth and strengthening of the national automotive industry. Our future product development direction is to achieve "intelligence and integration" in our offerings, providing customers with smart and system-integrated products. Our management development focus will be to "benchmark against outstanding companies in the industry, significantly improving per capita output value and product quality.

07

What is CIJAN's development strategy for the aftermarket?

In recent years, the aftermarket shock absorber products in China have experienced polarization. On one hand, low-end brands are competing on price, leading to intense low-end competition among distribution channels. On the other hand, international brands overlook the aftermarket, remaining aloof. The pain points in the market and channels stem from the slow turnover of shock absorber products, high inventory pressure, and shortage of brand-backed products, resulting in declining profits.

CIJAN will leverage its brand and technological advantages. On one hand, it will assist repair companies in selling shock absorbers to accelerate product turnover. On the other hand, utilizing CIJAN's technological and brand strengths, it will develop high-tech, high-quality, and highly profitable products to help distributors escape the vortex of low-price competition. We believe that based on CIJAN’s decades of focused experience and strength in the main engine market, along with continuous investment in research and development and ongoing improvements in management, CIJAN will undoubtedly find its precise positioning in the aftermarket, serving a wide range of automotive consumers!