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Wonder Auto Technology, Inc. (WATG), is a Nevada holding company with operating subsidiaries in China primarily engaged in the business of designing, developing, manufacturing and selling automotive electric parts, automotive safety products, suspension products and engine alternators, starters, engine valves and tappets, and rods and shafts for use in shock absorber systems. Company's prodcuts are used in wide range of passenger and commerical automobiles.WATG sells the products with the People’s Republic of China to original equipment manufacturers (OEMs), engine manufacturers and automotive parts suppliers. 
Wonder Auto Technology Inc. operates in four business segments: alternators, starters, rods and shafts, and engine valves and tappets.
The alternators are manufactured by Jinzhou Halla. An alternator is part of a car engine’s electrical system which is connected to the engine belt of a vehicle and converts mechanical energy into electricity to recharge the battery. The battery, in turn, provides power to all electrical devices in the vehicle, such as the radio, power steering, headlights and windshield wipers. The Company has developed, manufactured and sold seven series of alternators, which are represented by different sizes and output rates, in over 230 models. The alternator’s electrical current flows range in size and output from 35A to 120A. .
The starters are manufactured by Jinzhou Halla. A starter is part of a car engine’s starting system, along with the starter solenoid. At ignition, the starter solenoid is activated and provides power for the starter. The starter then spins the engine a few revolutions to begin the internal combustion process. The starters produced by the Company are known as planetary type starters. These starters are small and lightweight due to their high speed motors combined with speed reduction systems.
The rods and shafts are manufactured by Jinzhou Wanyou Mechanical Parts Co., Ltd. (Jinzhou Wanyou). The rod and shaft products are used in shock absorber which is a key part in a vehicle’s suspension system. A shock absorber rod is the stem in the shock absorber providing support of a vehicle’s suspension system.
The engine valves and tappets are manufactured by Jinan Worldwide Auto Accessories Co., Ltd. (Jinan Worldwide) Engine valves and tappets are used in internal combustion engines to control and facilitate the engine’s air intake and exhaust functions. The engine valves and tappets are critical to optimizing the engine’s power output and fuel consumption. Jinan Worldwide produces five series of engine valves and tappets in term of applications with over 200 models.
In 2009, the sales revenue from alternator products was $74.2 million, sales revenue from starter products was $68.9 million, sales revenue from rod and shaft products was $21.2 million, and the sales revenue from engine valves and tappets was $46.6 million. Among the four principal products, rods and shafts production enjoyed the fastest growth rate and the highest gross margin, reaching approximately 25-30%.
The company manufacture and sell both alternators and starters using largely the same facilities, personnel and other resources in Jinzhou Halla. Rods and shafts are mainly manufactured by subsidiary Jinzhou Wanyou. Valves and tappets are manufactured by our newly acquired subsidiary Jinan Worldwide.
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Mr. Zhao is a senior engineer of professor level, and a postgraduates tutor of LUT, He is also a committee member of the Liaoning Provincial People’s Political Consultative Congress and representative of the Jinzhou Municipal People’s Congress. Mr. Zhao had served in universities, research institutions and enterprises as lecturer, head of shock absorber research centre, general manager and chairman respectively. He has over 20 years experience as senior management and 29 years experience in automotive industry.
Mr. Zeng will oversee the Company’s daily operations of accounting, research and development, legal affairs and human resource and assist the Chief Executive Officer in the development and implementation of the Company’s overall strategies. Mr. Zeng has over 16 years experience in enterprise management and over 25 years experience in the automotive industry.
Mr. Meirong Yuan become a director of Jinzhou Halla Electrical Equipment Co., Ltd since January 2002, graduated from Lanzhou Business School, a certified public accountant.
Mr. Yuncong Ma has been appointed director and general manager of the Jinzhou Halla Electrical Equipment Co., Ltd since October 1997, senior engineer, graduated from the Harbin Institute of Technology.
WATG employed 3,766 full-time employees as of December 31, 2009. Under the Chinese Law, the company have to have contracts with all of the officers, managers and employees. WATG are required to contribute state pension scheme organized by Chinese municipal and provincial governments at the rates of 30.6% to 45.0% of the employee's salaries and wages.The company also have to purchase various types of social insurance for employees required by Chinese Law.Under is a table sets for number of full-time employees by function:
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The automobile parts market in China is very competitive. The company compete based upon the price and quality of their products, product availability and customer service. There are approximately 10 major competitors in this market trying to sell the same products that to the same group of target customers.
Shanghai Valeo Automotive Electrical Systems Co. Ltd.,
Hubei Shendian Auto Motor Co., Ltd.
Zhongqi Changdian Co., Ltd.
Mitsubishi Motor (Japan)
These competitors may have better financial resources, larger staff, and more established market recognition in both international markets andd domestic Chinesehan WATG have.