Boshen Tools participates in investment in high-speed rail brake disc production enterprises to deepen the layout of rail transit components

On June 4, 2018, Boshen Tools and Zhang Hengyan, Shandong Jingliang Haiwei Machinery Co., Ltd., Wenshang Haiwei Import & Export Co., Ltd. and Wenzhou Weiwei Motorcycle Parts Co., Ltd. (hereinafter referred to as “Haidawei Locomotive”) were located in Shijiazhuang, Hebei. Signed the “Investment Agreement on Wen Shanghai Weft Motorcycle Parts Co., Ltd.”. According to the agreement, Boshen Tools increased the capital of Haiwei locomotives by 69,998,880 yuan, and subscribed for its investment of 3.486 million yuan, accounting for 13.47% of Haiwei locomotives.

It is reported that Haiwei locomotive specializes in the research and development, production and sales of high-speed EMUs, intercity trains and subway vehicle brake discs. Brake pads and brake discs are important components of the high-speed rail brake system. With the rapid development of China's high-speed rail industry, the localization of high-speed train core components is the trend of the times. At present, the localization of high-speed train brake discs is still in its infancy. Haiwei locomotives have supplied brake discs in batches for the revival China Standard EMUs, which has certain first-mover advantages and good development prospects.

It is understood that in 2017, the 300-350km/h high-speed train brake pads independently developed by Boshen Tools have obtained the official product certification issued by China Railway Inspection and Certification Center (hereinafter referred to as “CRCC”), and have been purchased in Zhengzhou Railway Bureau. In the middle of the standard; in January 2018, the company's self-developed 200-250km / h high-speed train brake pads obtained the CRCC trial certificate, and in May 2018 began loading application assessment.

Boshen Tools said that the company has established a strategic plan for the development of three major business segments: hardware tools, coated abrasives and rail transit equipment components based on the three major materials systems of superhard materials, friction materials and abrasive materials. The business model of Shenzhen Tools will be centered on these three sectors, with domestic and international markets developing synergistically, and endogenous growth and outreach cooperation in parallel. The participation in the investment of Haiwei locomotive is an important measure for Boshen Tools to implement the strategic plan for the development of the three business segments and accelerate the development of the rail transit equipment parts business by means of equity cooperation, which will further enhance the company's rail transit equipment parts business. The growth rate and competitive advantage provide a good foundation for the two sides to play their respective advantages in the future and in-depth cooperation in product research and development, market expansion and capital operation. (Comprehensive Boshen Tools official website, China Securities Journal)

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