# Luoyang Xinqianglian Slewing Bearing Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/luoyang-xinqianglian-slewing-bearing-co

- Industry: Industrial Machinery
- Headquarters: Luoyang, China
- Website: www.lyxqlbearing.com.cn
- Latest round: Series A (Jun 24, 2011)
- Investors on record: 3

## About

Established in 2005 and based in Luoyang, China, Luoyang Xinqianglian Slewing Bearing Co., Ltd. operates as a slewing bearing product manufacturer that provides slewing bearing product. In 2009, the company developed a three-row slewing bearing with an outer diameter of 6210mm. In 2011, it developed a three-row cylindrical roller main bearing for a 2MW direct-drive wind turbine. The firm was listed on the Shenzhen Stock Exchange in July 2020. Its stock code is 300850. In October 2023, Lord Abbett China Asset Management Co.,ltd., Caitong Fund Management Co., Ltd., China Asset Management, Guotai Junan Securities, Pacific Asset Management, and an individual investor invested in Luoyang Xinqianglian Slewing Bearing Co., Ltd. for CNY 350 million. 

The company provides slewing bearing products for many fields such as wind turbines, harbor cranes, and ship deck cranes. The business of the company includes large size slewing bearings manufacturing, developing and producing slewing bearings and precision main bearings. The company's products include wind turbine generator bearings, tunnel boring machine bearings, and offshore crane slewing bearings. Products for the wind turbine generator bearings include single row tapered roller main bearing for offshore wind turbine and triple-row roller main bearing.

In 2022, the company's operating income was CNY 2.65 billion, and the net profit was CNY 328.44 million.

## Funding rounds

- Series A, Jun 24, 2011 — WinInnovation Capital, Haitong Kaiyuan
- Angel, Aug 3, 2005 — Homsun Capital

## Investors

- Homsun Capital (https://capitalatlas.ai/funds/homsun-capital) — Angel
- WinInnovation Capital (https://capitalatlas.ai/funds/wininnovation-capital) — Series A
- Haitong Kaiyuan — Series A