SLING
Professional manufacturer of automotive and industrial bearings.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
CNY10.9m | Post IPO Equity | ||
| Total Funding | 000k | ||
| CNY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 69 % | 36 % | 5 % | (2 %) | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 18 % | 25 % | 23 % | 21 % | 28 % | 32 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 8 % | 8 % | 13 % | 16 % | 20 % | 25 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 5 % | 5 % | 4 % | 4 % | 5 % | 5 % |
Source: Company filings or news article
Zhejiang SLING Automobile Bearing Co., ttd (stock code: 301550) is a professional manufacturer specializing in the research, development, manufacturing, and sales of automotive bearings. The company was founded on November 22, 2004, initially as Xinchang Shuangling Automobile Bearing Co., Ltd., and officially changed its name in November 2014. The company is headquartered in Xinchang County, Zhejiang, China, and its legal representative and general manager is Ling Jiang.
SLING's product portfolio is diverse, catering to both the automotive aftermarket and original equipment (OE) markets. The main product lines include wheel hub bearings (first, second, and third generation units), tapered roller bearings, clutch release bearings, tensioner and idler bearings, and heavy truck bearings. The company also produces bearings for drive motors, industrial machinery, and agricultural machinery. A key business strategy is its "small batch, multi-variety, and fast response" model, which is well-suited for the dynamic needs of the after-sales market.
Significant milestones in the company's history include its listing on the National Small and Medium-sized Enterprise Stock Transfer System (New Third Board) in 2015, which it later terminated in 2020. Strategic acquisitions have expanded its capabilities, such as UniLink Bearing in 2017 for clutch and tensioner products and Open Source Bearings in 2019. To support global expansion, the subsidiary Sling Thailand was established in 2019. On September 15, 2023, SLING was successfully listed on the GEM Board of the Shenzhen Stock Exchange.
The company has established an intelligent manufacturing system covering the entire bearing processing chain, including machining, heat treatment, grinding, and assembly. Its technology center has been recognized as a provincial-level enterprise research institute in Zhejiang Province. In March 2023, its laboratory received CNAS accreditation, attesting to its quality and technical competence.
Keywords: automotive bearings, wheel hub units, tapered roller bearings, clutch release bearings, tensioner bearings, aftermarket parts, OE supplier, intelligent manufacturing, industrial bearings, automotive components