Jiangsu Jinxiang Transmission Equipment Co., Ltd. (formerly Jiangsu Reducer Factory and Jiangsu Jinxiang Reducer Co., Ltd.) was established in 1969. In June 2011, it completed the shareholding system reform for listing. The company has 510 employees and a registered capital of 100 million yuan. It is a professional manufacturer of reducers. The "Jinxiang" brand has been awarded Jiangsu Famous Product and Jiangsu Famous Trademark. The company ranks among the top 10 in the industry and the top 5 in high-end transmission equipment. Among them, the R&D and market share of Nieman worm gear reducers are the first. The market share of 27 patented products such as edge drive mill reducers and special reducers for crystallizers all exceed 60%. The main sources of technology are independent development and joint development through industry-university-research cooperation. It has successively been awarded as a AAA-level credit enterprise in the province, a contract-keeping and creditworthy enterprise in the province, and a metrology guarantee confirmed enterprise in the province. In 1998, it passed the ISO9001 quality management system certification.

The company is a professional manufacturer specializing in the research and development and production of reducers. The sales revenue of high-tech products exceeds 60% of the company's total sales revenue, and the technical content of its products is in a leading position in the same industry. 

In recent years, the company has undertaken over 20 provincial and municipal-level scientific and technological projects or technological transformation projects. Among them, five products including the two-stage worm gear reducer and the vertical mill reducer have been recognized as "High-tech Products" by the Provincial Department of Science and Technology. The new vertical mill reducer was awarded the title of "Outstanding New Product of Jiangsu Province" by the Jiangsu Provincial Economic and Information Commission. The industrialization of high-performance composite material worm gear reducers was granted the National Torch Program (2008GH040432), and the research and development of the large-scale multi-flow vertical mill transmission device was awarded the Provincial Science and Technology Support Program (8E2010131). The company has been successively honored as a National Torch Program High-tech Enterprise, a Provincial High-tech Enterprise, a Provincial Innovative Enterprise, a Provincial Demonstration Enterprise for Innovation Capacity Building, a Provincial Science and Technology-based Small and Medium-sized Enterprise, and a Chinese Machinery Industry Enterprise with Innovation Capacity. It is an important player in its industry field.