Ningbo Gaofa: 10 million yuan to establish a wholly-owned subsidiary in Yiwu to expand auto parts business

MaticHoleFiller · 2026-03-31T13:24:38+00:00

Ningbo Gaofa Automotive Control System Co., Ltd. announced on March 31 that its wholly-owned subsidiary, Yiwu Gaofa, has completed business registration with a registered capital of 10 million yuan, primarily engaged in the manufacturing and sales of automotive parts. This move will enhance the company's market competitiveness and promote business growth.

MaticHoleFiller

2026-03-31 13:24:38

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Ningbo GaoFa Automotive Control Systems Co., Ltd. (Securities Code: 603788, Securities Abbreviation: Ningbo GaoFa) issued an announcement on March 31 stating that the establishment of a wholly owned subsidiary, which the company had previously considered and approved, has been completed with the relevant business registration and that it has obtained a business license. The registered capital of the subsidiary is RMB 10 million. It will mainly engage in the manufacturing, R&D, and sales of automotive parts and accessories, among other businesses.

The announcement shows that Ningbo GaoFa held its 18th meeting of the fifth session of the board of directors on February 10, 2026, during which it approved the “Proposal on Planned External Investment and the Establishment of a Wholly Owned Subsidiary.” The company plans to invest in the establishment of a wholly owned subsidiary, Yiwu GaoFa Automotive Control Systems Co., Ltd. (hereinafter referred to as “Yiwu GaoFa”), with its own funds of no more than RMB 100 million. Recently, Yiwu GaoFa has completed the business registration procedures and obtained the Business License issued by the Yiwu Municipal Market Supervision Administration.

Registration matters
Details
—
Unified Social Credit Code
91330782MAK9HA2E9J
Company name
Yiwu GaoFa Automotive Control Systems Co., Ltd.
Company type
Limited liability company (legal person exclusively invested by a natural person or controlled legal person)
Legal representative
Qian Guonian
Registered capital
RMB 10,000,000 yuan in words
Establishment date
2026-03-26
Address
No. 3 Building, Huachuan Deep Energy South Side, Chian’an Town, Yiwu City, Jinhua City, Zhejiang Province
Business scope
General items: manufacturing of automotive parts and accessories; R&D of automotive parts; wholesale of automotive parts; retail of automotive accessories; design of integrated circuits; manufacturing of integrated circuits; manufacturing of electronic components; sales of integrated circuits; sales of electronic products; software development (except for projects that must be approved according to law; business activities can be carried out independently in accordance with the business license).

The establishment of this wholly owned subsidiary is an important strategic layout by Ningbo GaoFa in the automotive parts sector. It will help the company further expand its business scope and enhance its competitiveness in automotive control systems and related electronic components. The company stated that it will use Yiwu GaoFa as a platform, make full use of the local industry resource advantages, and promote the company’s continued development.

Click to view the full text of the announcement>>

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