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Recently, Xuchang Far East Transmission Shaft Co., Ltd. was officially listed. This company, which was established on the basis of the predecessor of Xuchang Automobile Driveshaft Plant, is currently the country's largest production base for transmission shafts. Xuchang Yuandong Transmission Shaft Co., Ltd. formerly known as Xuchang Automobile Driveshaft General Plant, which was founded in 1954, was the first professional manufacturer of automobile transmission shaft in China established by the State Bureau of Machinery of the Ministry of Machinery Industry in 1969. Through continuous technological innovation and innovation, the company has gradually developed into the largest production base with the most complete varieties, the strongest production capacity and the best quality. Last year, the factory output value reached 250 million yuan, tax payment more than 12 million yuan. It is reported that after the restructuring of Xuchang Far East Driveshaft Co., Ltd. will reach 400 million yuan in output value this year, the product will also be expanded from 38 series to 40 series of more than 4,000 varieties, and will occupy the domestic drive shaft market while entering the international market. The establishment of this company has become a new milestone in the reform of state-owned enterprises in Xuchang County. It is of great significance to ensure that the county's industrialization process is accelerated and that the state-owned enterprise’s reform goals are achieved on time.