Tianma Bearing Group Co.,Ltd: history, ownership, mission, how it works & makes money

A Brief History of Tianma Bearing Group Co.,Ltd

Tianma Bearing Group Co., Ltd, established in 1993, has significantly shaped the bearing industry in China. The company specializes in the manufacturing of high-quality bearings and has evolved into a prominent player in the global market.

Initially focused on providing standard bearings, Tianma expanded its product lines to include precision bearings and non-standard bearing solutions by the early 2000s. By 2005, the company had achieved annual revenues exceeding RMB 300 million, which marked a significant milestone in its growth trajectory.

In 2012, Tianma Bearing Group listed on the Shenzhen Stock Exchange under the ticker symbol 002122. The IPO raised approximately RMB 1.2 billion, allowing the company to invest in advanced manufacturing technologies and expand its production capacity. In the same year, revenues reached around RMB 500 million, showcasing a year-on-year growth of 66.67%.

By 2015, Tianma began to export a substantial portion of its products internationally, with overseas sales accounting for roughly 35% of total revenue. In that year, the company reported total revenues of RMB 800 million and a net profit of RMB 120 million.

The company has consistently focused on innovation, investing around 8% of its annual revenue into research and development. In 2019, this led to the introduction of a new line of energy-efficient bearings, capitalizing on the growing demand for sustainable products.

In 2020, amidst the global pandemic, Tianma reported revenues of RMB 1 billion for the first time, reflecting resilience in demand for its products despite economic challenges. The net profit for that fiscal year was reported at RMB 200 million.

As of 2023, Tianma Bearing Group's market capitalization stands at approximately RMB 5 billion. The company continues to invest heavily in automation and digitalization, further enhancing its production efficiency.

With over 2,000 employees and manufacturing facilities equipped with state-of-the-art technology, Tianma is poised for future growth in both domestic and international markets. The company aims to increase its global market share by innovating its product offerings and enhancing its supply chain capabilities.

A Who Owns Tianma Bearing Group Co.,Ltd

Tianma Bearing Group Co., Ltd., a prominent player in the bearing manufacturing industry, has various ownership structures involving institutional investors, key executives, and public shareholders. As of the latest filings, the shareholding distribution reflects a combination of direct and indirect ownership that shapes corporate governance and strategic decisions.

As of the first quarter of 2023, Tianma Bearing reported a total share capital of approximately 600 million shares. This distribution indicates significant institutional interest in the company, reflecting confidence in its growth prospects.

The top institutional shareholders include:

The company's board composition reflects this ownership structure, with a mix of executive and non-executive directors representing both the founding family and institutional investors. Tianma Bearing's governance practices aim for a balance between effective oversight and strategic direction, influenced largely by its diverse shareholder base.

Recent trends in share performance also reveal insights into ownership dynamics. Over the past year, the stock has experienced fluctuations, with a peak price of ¥25.50 per share in July 2023 and a low of ¥18.75 in December 2022, marking a 35% increase in value over the year. This performance has likely attracted further interest from institutional investors.

The financial health of Tianma Bearing Group is evidenced by its recent earnings report for the fiscal year ending in December 2022, which disclosed:

• Revenue: ¥5.2 billion
• Net Income: ¥800 million
• Earnings per Share (EPS): ¥1.33

Such figures underline the company's ability to generate substantial returns, supporting its valuation and the interest of current and potential investors alike. The ownership landscape at Tianma Bearing Group is indicative of a well-capitalized company with promising growth opportunities driven by both internal capabilities and external investment confidence.

Tianma Bearing Group Co.,Ltd Mission Statement

Tianma Bearing Group Co., Ltd. is a prominent player in the bearing industry, established with a clear vision and mission to provide high-quality bearing solutions that cater to a diverse range of applications.

The company's mission statement reflects its commitment to innovation, quality, and customer satisfaction. It emphasizes the importance of advanced technology and manufacturing processes, aiming to achieve industry leadership through sustained operational excellence.

As part of its mission, Tianma Bearing focuses on the following key elements:

• Innovation: Continuously enhancing product development through research and development efforts.
• Quality: Ensuring high standards in manufacturing to meet rigorous industry requirements.
• Customer Focus: Striving to meet and exceed customer needs with tailored solutions and services.
• Sustainability: Committing to environmentally friendly practices throughout its operations.

Tianma Bearing's mission can be regarded as a direct correlation to its performance metrics and market position. The company's focus on incorporating modern technology and adapting to market changes has allowed it to maintain a competitive edge in the global bearing market.

Furthermore, Tianma is strategically positioned to cater to various sectors, including automotive, aerospace, and heavy machinery, facilitating a diverse product range that fulfills multiple industry standards.

By emphasizing sustainability and customer satisfaction, Tianma aims to create long-term value for its stakeholders, ensuring a robust operational framework that contributes to its overarching mission.

How Tianma Bearing Group Co.,Ltd Works

Tianma Bearing Group Co., Ltd, established in 1993, specializes in the design, manufacture, and sale of various types of bearings, both standard and customized. The company is headquartered in Jiangsu Province, China, and is publicly traded on the Shenzhen Stock Exchange. As of 2023, it trades under the stock code 300100.

In 2022, Tianma Bearing Group reported a revenue of approximately ¥2.1 billion, reflecting a growth of 12% year-over-year. The net profit attributable to shareholders was around ¥250 million, marking an increase from ¥220 million in 2021.

Product Range

The company produces a wide variety of bearing types, including:

• Deep Groove Ball Bearings
• Angular Contact Ball Bearings
• Cylindrical Roller Bearings
• Self-Aligning Ball Bearings
• Tapered Roller Bearings

Tianma also caters to specialized industries such as automotive, industrial machinery, and electrical equipment. In 2022, the automotive sector contributed approximately 40% to the total revenue, showcasing the growing demand for high-performance bearings in electric vehicles.

Manufacturing Facilities

The company operates several state-of-the-art manufacturing plants located primarily in China. These facilities are equipped with advanced production technologies, enabling high efficiency and precision in manufacturing processes.

Financial Overview

Market Performance

The stock performance of Tianma Bearing has shown resilience in recent years. As of October 2023, the stock price is approximately ¥25.50, up from ¥22.30 at the start of the year, representing a growth of 14% year-to-date. The market capitalization stands at about ¥8 billion.

In terms of dividends, the company declared a dividend per share of ¥1.00 in 2023, consistent with its policy to return value to shareholders while retaining enough earnings to support growth initiatives.

Research and Development

Tianma Bearing invests significantly in research and development (R&D) to enhance product quality and expand its product line. In 2022, the company allocated about ¥120 million to R&D, accounting for nearly 5.7% of total revenue. This investment aims to keep pace with technological advancements and increasing customer demands.

International Presence

The company has been expanding its international footprint, serving clients in over 30 countries. Approximately 30% of total revenue comes from exports, with major markets including Europe, North America, and Southeast Asia.

Future Outlook

Looking ahead, Tianma Bearing aims to increase its market share in the booming electric vehicle sector, where demand for high-quality bearings is escalating. The forecast for 2023 suggests potential revenue growth could reach as high as ¥2.5 billion.

Additionally, the company plans to enhance its sustainability initiatives, focusing on eco-friendly materials and processes in manufacturing.

How Tianma Bearing Group Co.,Ltd Makes Money

Tianma Bearing Group Co., Ltd., a prominent player in the bearing manufacturing industry, leverages its extensive product range to generate revenue. The company focuses primarily on the production of high-quality bearings for various applications, including automotive, industrial machinery, and electrical equipment.

For the fiscal year ending 2022, Tianma Bearing reported total revenue of approximately ¥5.2 billion (approximately $788 million). This marked a year-on-year increase of 12% compared to the previous year, attributable to both volume growth and price adjustments across its product lines.

Revenue is segmented into various categories, with a significant portion derived from the automotive sector. In 2022, Tianma generated about ¥2.1 billion, or 40% of its total revenue, from automotive bearings. This segment benefits from a rising demand for electric vehicles (EVs) and advancements in manufacturing technology.

Another substantial revenue stream comes from industrial machinery bearings, contributing approximately ¥1.5 billion or 29% of the total sales. This sector has shown consistent growth, driven by an increase in global industrial activity and infrastructure development.

The electrical equipment segment also plays a critical role, accounting for ¥1.0 billion, or 19% of the total revenue. This segment’s growth is influenced by the expanding demand for automation and energy-efficient solutions in various industries.

Moreover, geographical diversification enhances the company’s revenue streams. In 2022, international sales contributed approximately 30% to the total revenue, with significant markets including Europe and North America. The company’s strategic partnerships with key players in these regions have bolstered its market presence.

Tianma Bearing employs a robust pricing strategy, focusing on premium quality and advanced technology to justify higher price points. This approach has resulted in an average gross margin of approximately 25%, allowing the company to maintain profitability amid competitive pressures.

Additionally, the company invests heavily in research and development. For 2022, R&D expenses reached ¥300 million, representing about 5.8% of total revenue. This investment aims to innovate and improve product offerings, catering to the evolving needs of the automotive and industrial sectors.

Another factor contributing to Tianma’s profitability is its operational efficiency. The company reported an operating income of approximately ¥800 million for 2022, achieving an operating margin of 15.4%. Cost-control initiatives and lean manufacturing practices have been pivotal in sustaining these margins.

In summary, Tianma Bearing Group Co., Ltd. capitalizes on diverse revenue streams, a strategic focus on high-demand industries, and rigorous operational efficiency to drive its financial performance. The combination of market demand, technological advancements, and geographical expansion positions the company favorably for future growth.