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Chongde Technology improves the level of process technology, innovates and develops all kinds of medium and high-end products, and promotes them in the international market

May 17, 2024 15:59 | Source: People's Daily Online - Hunan Channel
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People's Daily, Changsha, May 17 (Reporter Lin Luofu) "We focus on the development strategy of" one core and two wings ". The core industry is industrial sliding bearings. Through international market development and new industrial product market development, we can achieve the core competitive advantage of efficient and low-cost manufacturing." On May 16, Chongde Technology held its 2023 annual shareholders' meeting, which was introduced by Zhou Shaohua, chairman of Chongde Technology, With the extensive application of the company's products in nuclear power, wind power, hydropower, shipbuilding and other market segments, there are many outstanding opportunities and development potential.

The annual report shows that in 2023, Chongde Technology will achieve an operating revenue of 523 million yuan, up 16.25% year on year; The net profit after deducting non profits was 95.79 million yuan, up 22.04% year on year; Last year, the company was successfully listed on the A-share GEM, building a broad platform for future leapfrog high-quality development.

In 2023, Chongde Technology has made certain breakthroughs and achievements in market development and major project development, product and technology innovation, production and process improvement, improving the industrial chain and driving industrial upgrading, especially in the industrial bearing market, which has maintained a sustained and stable growth, with rapid year-on-year growth in international business.

Continuously improve the technology level

Bearing is an indispensable key basic component in modern industry, known as the "heart" of mechanical equipment, and its importance in the industrial system is self-evident.

Among them, the research and development of dynamic pressure oil film sliding bearing products covers the intersection and integration of engineering materials, tribology, mechanical transmission, precision machining, lubrication, surface treatment and other disciplines. Its production involves core technology in many fields, such as lubrication, oil circuit, heat balance, and sealing, which is technically difficult.

At present, after nearly 20 years of accumulation, Chongde Technology has mastered 28 core technologies in three categories, namely, R&D and design technology, production and manufacturing technology, and detection and test technology in the field of dynamic oil film sliding bearings. The company's core technologies are mainly independent R&D and are applied to main businesses. The core technologies are at the leading domestic or international level.

Entering the constant temperature and humidity precision production workshop of Chongde Technology, high-precision turning and milling compound center, vertical machining center, large CNC vertical lathe and other precision manufacturing equipment were arranged in turn, and the staff were manipulating the equipment to complete the automatic processing of bearing related parts.

"Our processing precision can reach the micron level, which can meet the needs of customers for diversified and customized products." The person in charge of the workshop introduced to the reporter: Chongde Technology's laboratory and test platform, with experienced operators, technologists, test and detection personnel, can carry out full condition simulation verification tests on the designed products, Conduct data statistics and theoretical analysis on product performance to ensure the reliability and stability of the product.

Based on its strong R&D strength and product innovation ability, Chongde Technology has formed a diversified product model. At present, it is an enterprise with a relatively complete range of bearing products and leading innovation ability in the same industry at home and abroad, which can meet the needs of customers for "one-stop procurement" and provide professional services to suppliers.

It can be found from the annual report that the product specifications of Chongde Technology range from the minimum 15 mm to the maximum 1400 mm of the bearing inner hole, covering almost all kinds of sliding bearings and rolling bearings involved in the fields of energy power generation, industrial drive, petrochemical industry and ships, and are widely used in various types of motors, generators, gearboxes, compressors, fans, pumps, expanders, steam turbines and other rotating machinery.

Actively layout and expand overseas market

The main products of Chongde Technology, dynamic oil film sliding bearings, are widely used in high-end equipment in key fields such as energy power generation, industrial drive, petrochemical industry and shipbuilding. Relying on the continuous expansion of downstream market space, large-scale equipment renewal in industrial field, import substitution of high-end bearings in energy fields such as nuclear power and petrochemical industry, It is expected to increase the market demand of the company's products.

As the production scenarios of nuclear power, thermal power, wind power, hydropower, petrochemical and shipbuilding are extremely demanding. Many components are in the state of high-strength continuous operation after being hoisted in place, which requires that the sliding bearing at the core position has high reliability. Previously, project manufacturers and complete machine manufacturers preferred to buy products from European and American manufacturers, but now Chongde's products are not inferior to those of international peers, and Chongde has become the only qualified supplier for several major domestic projects.

"Our products are mainly supplied for medium and high-end equipment. As long as relevant purchasing customers choose our products, their loyalty will be relatively high. Especially in recent years, the purchasing volume of multinational enterprises is also increasing, mainly based on the excellent quality and competitive price of our products." Long Chang, the secretary and chief financial officer of Chongde Technology, said.

At present, with a complete product type spectrum, Chongde Technology sells its products to China, South Korea, India, Germany, the United States, France and other countries, which can meet the multi-level needs of different regions and customers. The annual report data shows that in 2023, Chongde Technology's overseas business income will increase by 49.17% year on year, and Siemens, ABB, etc. have become stable customers of the company.

In this regard, Long Chang said: "The downstream customers of the company's products are scattered in various industries, and there are our key customers in the domestic and foreign markets. With the steady growth of demand in Southeast Asia, Europe, India and other countries, our overseas market scale has rapidly increased, especially the overseas market gross profit rate is high, and the payment collection cycle is short. At present, the company is actively laying out overseas sales and service network, improving national market share and building corporate brand image. "

While developing, Chongde Technology also actively gives back to the majority of shareholders in the capital market. At the 2023 annual general meeting of shareholders, the proposal "to increase 4.5 shares for every 10 shares and distribute cash dividends of 10 yuan (tax included) to all shareholders, with a total cash dividend of 60 million yuan" was voted by the shareholders present at the meeting.

(Editor in charge: Tang Lihan, Luo Shuai)

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