Company History Since 1965 - SZS - SZS

History

1960~

1965.05	The Lu brothers co-founded Shin Shing Springs Factory in San Chung City, Taiwan.
1968.06	The Company was renamed Shin Zu Shing Spring and Mechanical Co., Ltd. when it entered into a technical cooperation agreement with Riken Co., Japan., and was established with a capital of NT$1,200,000. The Company built a 300-ping factory in Luzhou Township, New Taipei City and brought in a variety of automatic spring forming machines.

1970~

1973.03	The Company purchased 600 ping of land and built a 500-ping factory in Shulin Township, New Taipei City.
1974.09	Capital increase to NT$3,600,000 by cash from original shareholders and purchased precision automatic spring forming machines from Europe, the US, and Japan.

1980~

1981.09	Capital increase to NT$6,000,000 by cash from original shareholders, and built a 300-ping factory with precision progressive die and mold manufacturing and tooling for stamping.
1982.09	Capital increase to NT$12,000,000 by cash from original shareholders.
1986.07	Capital increase to NT$22,000,000 by cash from original shareholders, purchased high precision tooling equipment and press machine, and brought in digital mini computer to bring the Company into computerized management.
1988.10	Expanded factories to a total area of 1,700 ping.

1990~

1990.01	Capital increase to NT$37,500,000 by cash from original shareholders, established an R&D department that designed a hinge for notebooks and applied for the first international patent, and established a production line for the patented hinge used in notebooks.
1991.07	Began using 3D AutoCAD in coordination with the business direction for new product development.
1993.03	The only company to receive an "AA" rating from Matsushita Company, Taiwan (SQS 100).
1993.11	President Sheng-Nan Lu was elected the first chairperson of Taiwan Spring Industry Association and led the national spring industry.
1994.10	Capital increase to NT$75,000,000.

1995.06	Obtained the ISO 9002 quality assurance certification from the BSMI.
1996.11	President Sheng-Nan Lu was re-elected as the chairperson of Taiwan Spring Industry Association.
1997.01	Capital increase to NT$150,000,000.
1997.06	The only company to receive an "AA" rating from Matsushita Company, Taiwan (SQS 100) for five consecutive years.
1997.11	The company was renamed SHIN ZU SHING CO., LTD. for diversification.

1999 ~

Became the largest supplier of hinges for notebooks in Taiwan.

2000~

2000.12	Capitalized profits and increased capital to NT$197,800,000.
2001.10	Obtained the ISO 9001 (2000 version) quality assurance certification from the Bureau of Standards, Metrology, and Inspection.
2002.01	Capitalized profits and increased capital to NT$250,560,000.
2002.12	Capitalized profits and increased capital to NT$275,616,000.
2003.10	Capitalized profits and increased capital to NT$344,520,000.

2004.01	Public listing approved by the Securities and Future Institute.
2004.03	Investment of US$2,520,000 in Shin Zu Shing Precision Electron (Suzhou) Co., Ltd. through a third place was approved by the Investment Commission.
2004.06	Increased capital to NT$495,760,000 by cash, capitalization of profits, and capitalization of employee bonuses.
2004.08	Approved to be registered as an emerging stock.
2004.09	Established subsidiary Winway Technology Limited.

2004.11	Additional investment of US$3,000,000 in Shin Zu Shing Precision Electron (Suzhou) Co., Ltd. through a third place was approved by the Investment Commission.
2004.12	Obtained the ISO 14001 certification for environmental management systems from the BSMI.
2005.04	Established subsidiary Magic Timing Technology Limited.
2005.05	Increased capital to NT$573,130,000 by capitalization of profits, and capitalization of employee bonuses.
2005.10	Investment of US$800,000 in Chang Shing Precision Electron (Ningbo) Co., Ltd. through a third place was approved by the Investment Commission.

2005.12	Increased capital to NT$638,530,000 by cash.
2005.12	Approved by the Taipei Exchange and Securities and Futures Institute to be registered as an OTC stock.
2006.01	New factory of Shin Zu Shing Precision Electron (Suzhou) Co., Ltd. was completed.
2006.03	Completed contract signing and began construction of Taiwan Shulin Factory 2 with total factory area expected to reach 3,518.6 ping.
2006.06	Capitalized profits and increased capital to NT$836,100,000.

2006.08	Increased capital by cash to NT$886,100,000.
2006.09	Established subsidiary Up Hill International Limited.
2007.01	Investment of US$700,000 in Jun Shing Precision Electronics (Shenzhen) Co., Ltd. through a third place was approved by the Investment Commission.
2007.03	R&D Center was completed and formally began operations.
2007.07	Additional investment of US$3,010,000 in Zhiqun Precision Electron (Suzhou) Co., Ltd. through a third place was approved by the Investment Commission.

2007.07	Increased capital to NT$1,115,600,000 by capitalization of profits, and capitalization of employee bonuses.
2007.10	Planned to establish a holdings company in a third place to invest in Vietnam.
2007.12	Approved to be registered as listed stock.
2008.03	Established subsidiary Shining Smart International Corporation.
2008.04	Issued NT$1.5 billion in convertible corporate bonds and obtained approval to trade the bonds in the OTC market.

2008.06	President Sheng-Nan Lu was promoted to the CEO of SZS Group and Executive Vice President Ching-Cheng Lin was promoted to President, in order to better implement corporate governance principles and execute the Company's internal rotation mechanism.
2008.08	Increased capital to NT$1,235,300,000 by capitalization of profits and capitalization of employee bonuses.
2008.09	Established subsidiary Spring Vision Technology Corporation.
2009.03	Established subsidiary Shin Zu Shing (Vietnam) Co., Ltd.
2009.07	Established subsidiary Heng Shing Investment Co., Ltd.

2009.08

Increased capital to NT$1,449,530,000 by capitalization of profits and capitalization of employee bonuses.

2010~

2010.03	The Board of Directors approved the acquisition of 100% shares of Cherng Jyieh Corp. (CJC).
2010.07	Established subsidiaries Spring Magic Limited, Zhong Shan Guan Shin Precision Electron Co., Ltd., and Jian Fu Biotechnology Co., Ltd.
2010.08	Increased capital to NT$1,584,200,000 by capitalization of profits and capitalization of employee bonuses.
2011.01	Issued NT$1.5 billion in convertible corporate bonds for the second time and obtained approval to trade the bonds in the OTC market.
2011.09	Established subsidiaries Shin Hong Shing (Chongqing) Technology Co., Ltd. and RSTC (Fu-qing) Co., Ltd.

2012.09	Established subsidiary Wen Shing Technology Co., Ltd.
2013.04	Completed contract signing and began construction of Taiwan Shulin Factory 3 with total factory area expected to reach 3,664.89 ping.
2013.07	Established subsidiary Lucent Opto Inc.
2014.10	Taiwan Shulin Factory 3 was completed and formally began operations.
2015.11	Purchased Taiwan Xinshu Factory.

2016.03	Completed contract signing and began construction of Taiwan Sanjyun Factory with total factory area expected to reach 6,892 ping.
2017.11	Taiwan Sanjyun Factory was completed and formally began operations.
2018.11	Passed the compliance verification for IATF 16949 automotive industry quality management systems.