Boshen Co., Ltd. (hereinafter referred to as "Boshen" and "Company") was founded in 1994. The company is headquartered in Shijiazhuang, with 8 wholly-owned subsidiaries in the United States, Canada, Thailand, Shijiazhuang, Changzhou, Shanghai and Shandong, China. , the main production bases are located in Shijiazhuang, China, Changzhou, Jiangsu, Jining, Shandong and Luoyong, Thailand. It was listed on the Shenzhen Stock Exchange in 2009 and is a listed company in the domestic diamond tool industry. In 2022, the Iron Investment Fund Partnership (Limited Partnership) became the controlling shareholder of the company, and the State-owned Assets Supervision and Administration Commission of the Shandong Provincial People's Government became the actual controller of the company.

At present, the company's business covers three fields: diamond tools, coated abrasives, and rail transit equipment parts.

1. Diamond Tools Business Section

The company is one of the top companies in the domestic diamond tool industry. It mainly adopts the dealer model to sell products, and its marketing network covers at home and abroad. It has distributors all over the country. The company's main diamond tool manufacturing base is located in Shijiazhuang headquarters and Luoyong Industrial Park, Thailand. The United States and Canada have sales subsidiaries, and their overseas customers cover many overseas markets such as the Americas, Europe, Southeast Asia, the Middle East, and North Africa. They are one of the few diamond tool companies in the same industry in China that have a global sales network.

Diamond tools mainly include diamond circular saw blades, diamond thin-walled engineering drill bits, diamond grinding discs, grinding blocks, polycrystalline diamond tools and other products. They are effective processing tools for inorganic non-metal hard and brittle materials such as stone, ceramics, and concrete; the company also produces some Electric tools and alloy tool products. Electric tools mainly include bench-top and handheld engineering drilling rigs, saw machines, angle grinders, electric hammers, electric picks and other products. They are commonly used in construction decoration and construction; alloy tools mainly include carbide circular saws sheets, etc., are mainly used for cutting wood, aluminum alloy materials, aluminum plastic profiles, non-ferrous metal materials, etc.

2. Coating and abrasives business segment

Coating abrasives are known as "industrial teeth" and "industrial beauticians". They are widely used in the grinding and polishing of metal, wood, leather, glass, plastic, ceramics and other products, in aircraft, automobiles, ships, machine tools, Manufacturing industries such as home appliances, furniture, and metal products are also widely used. In November 2017, Boshen Co., Ltd. completed the acquisition of Taurus Grinding. Its main business increased the research, development, production and sales of coated abrasives based on the research, development, production and sales of diamond tools. The company's business was from the original diamond. Tools have expanded to the field of coating abrasive tools that also belong to the abrasive tools industry. As one of the top enterprises in the coating and abrasives industry, Jinniu Grinding is the research and development, production and sales of sandpaper and abrasives. It is the vice chairman unit of the coating and abrasives branch of the China Machine Tools Industry Association. After reorganization with Taurus Grinding, the company became one of the largest listed companies in China's abrasives and abrasives products industry.

3. Rail Transit Equipment Parts Business Section

Since its establishment, the company has accumulated rich powder metallurgy technology and talents based on its diamond tool business as its core business, which provides a solid foundation for the company to extend products and cultivate new businesses along the powder metallurgy technology route. The manufacturing of diamond tool cutter heads and friction blocks of high-speed train brake pads use powder metallurgy technology, and some of the raw materials are the same and the processing technology is similar. The company has used its technical and talent advantages accumulated over the years to establish rail transit equipment in 2015. The business department, taking the industrialization of high-speed rail brake pads as the entry point, enters the field of rail transit equipment, and strives to cultivate new businesses of the company. In July 2017, the company decided to invest RMB 61.31 million to build the "Rail Transit Brake Device Materials Engineering Laboratory" project. In May 2019, the core experimental equipment and 1:1 brake friction test bench of the laboratory project have been put into use, and the intelligent production workshop built has been completed. It currently has an annual production capacity of 80,000 EMU brake panels. , laying a solid foundation for the industrialization of the company's EMU powder metallurgical gate sheets.

In August 2020, the company wholly owned the company's holdings in Wenshangwei Locomotive Accessories Co., Ltd., and Haiwei Locomotive became a wholly-owned subsidiary of Boshen. Haiwei Locomotive is a brake disc supplier for EMUs, mainly engaged in the research, development, production and sales of various series of brake discs and internal combustion locomotive cylinder heads. After controlling stake in Haiwei locomotive, the company has added the research and development, production and sales of rail transit brake disc products on the basis of high-speed rail brake pad products, and the product layout of rail transit parts business has been further improved. Moreover, the brake disc and the brake disc are mutually coordinated components in actual use. The company can integrate internal and external research and development, customers and other resources to enhance the coordinated research and development, production and sales of the brake disc and brake disc, and enhance the listed company's track. Competitiveness and market share in the field of transportation equipment parts.

Looking ahead, the company will target high-end manufacturing, with three major business segments such as hardware tools, coated abrasives, and rail transit equipment parts as the core, and the domestic and foreign markets will develop in a coordinated manner, and endogenous growth and external mergers and acquisitions will complement each other, which will expand the industry. The shares have been built into an excellent listed company with outstanding profitability, obvious core advantages, and solid and stable.