Qingdao Zhangshi Shangjia Technology Co., Ltd. is a producer of auto parts, with a total investment of 800 million, a total land area of about 160 mu, and a gross floor area of 77,933 m2,. It was invested and constructed by Zhang Shi Group. When put into operation, the project will have an annual output value of 1.18 billion yuan，with 65% of the products exported and 35% of the products sold in China. The estimated tax revenue is about 45 million.
Its main business is automotive piston rod. The project was put into operation in November 2019. The production employs cutting equipment, QPQ production line, QPQ acquisition system, and surface finishing machine independently developed by the company, as well as the imported centerless grinder. Its global and domestic shares are 30% and 90%, respectively. The products are mainly supplied to automobile companies such as Volkswagen, BMW, Honda, and Toyota. In 2019, the output value was 12.41 million yuan, the profit was 2.48 million yuan, and the tax revenue was more than 600,000 yuan. In 2020, the estimated output value is 160 million yuan, profit 32 million yuan, and tax revenue 8 million yuan.
To satisfy market needs, the company plans to launch a new investment in the expansion of the automotive shock absorber project. The project uses four to six automatic production lines imported from Germany Atotech. The investment per line is about 50 million yuan, and the annual output value of full-load production can reach one billion yuan. Using the existing workshops, the project is scheduled to start in 2021.