On April 10, 2017, Tairui Machinery (603289) reviewed the operations of the board of directors as follows:

1. Discussion and analysis of operating situation

2017 , China's economy as a whole maintained a steady and positive trend, with the annual GDP growth rate of 6.70%. The country has adopted proactive fiscal policies, focusing on implementing overcapacity, deleveraging, destocking and supply-side structural reforms, which has significantly increased the investment of domestic enterprises. At the same time, the global economy is gradually recovering from the downturn. The strengthening of domestic demand and the recovery of external demand have brought strong growth momentum to the injection molding machine market.

Against the backdrop of high industry prosperity, in 2017, the company continued to adhere to its established business policies, achieved good performance growth, and achieved certain results in marketing, technology, manufacturing, etc.:

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1. The marketing center has achieved very good results both at home and abroad. The domestic main business achieved sales revenue of 428.899 million yuan, a year-on-year increase of 35.98%; the main export business achieved sales revenue of 274.2609 million yuan, a year-on-year increase of 39.45%.

In 2018, focusing on global Teri, with the cooperation of brand planning and publicity, we will further explore and strengthen the construction of market channels through various domestic and foreign trade fairs. The domestic focus is Shanghai in East China, Chengdu in Southwest China, and Tianjin in North China. Abroad, the focus is on Europe, the Middle East, South America, Southeast Asia and other regions. At the same time, we will further build and cultivate a future-oriented sales talent echelon.

2. In 2017, the technology center will improve the technology optimization and upgrading base for DT standard series, J series, single-cylinder injection series, multi-material series turntable structure, two-platen machine series mold clamping structure, etc., and launch new products such as DT series. Product development projects focus on optimizing software to meet user needs, facilitate user use, and reduce product costs through optimized design.

3. The manufacturing center has introduced a lean production team through major equipment investment, reformed planning, procurement and manufacturing models, improved quality, reduced costs, improved efficiency, and met market demand. In 2018, through the implementation of fundraising projects, small batch and multi-batch smart manufacturing models will be realized as soon as possible.

In 2018, we will still face the pressure of rising material prices, rising operating costs, rising capital costs and exchange rate fluctuations. We will continue to do a good job in the "two locomotives": sales-driven and technology-driven; seize the "two locomotives" "A Niubi": improve manufacturing capabilities, improve quality control systems; build financial, human resources, administrative and other corporate management platforms. , to maintain the company's steady development.

Two. Main operating conditions during the reporting period

During the reporting period, the company achieved operating income of 703,174,643.91 yuan, a year-on-year increase of 37.31%; net profit attributable to shareholders of the parent company was 83,514,191.79 yuan, a year-on-year increase 13.41%. The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 80,090,186.74 yuan, a year-on-year increase of 15.24%.

3. The company’s discussion and analysis of the company’s future development

(1) Industry structure and trends

1. Competitive landscape of the global plastic molding equipment industry< /p>

Developed countries still occupy an important position in the world's plastic molding equipment market by virtue of their technological and talent advantages. For example, precision, large-scale, high-end plastic machinery products from Germany, Italy, Japan and other countries still lead the world in market share due to their high technological content and high added value.

As far as the injection molding machine industry is concerned, Germany's injection molding machine industry ranks first in the world, with exports accounting for more than 20% of global exports, while Japan's electric injection molding machines have a market share of up to 30% in North America. %. Injection molding machines in developed countries (such as Germany and Japan) are mainly high-tech, high value-added machines such as precision injection molding machines and large injection molding machines.

Europe is a symbol of the world's leading technology in injection molding machines. For a long time to come, European plastic machinery products will continue to be a symbol of the leading technology of injection molding machines. Electric injection molding machines produced in Japan also occupy an important position in the world's plastic machinery market. Japanese injection molding machines have obvious advantages in rapid cycle molding and high-precision miniaturized injection molding machines. Japanese injection molding machines also have obvious advantages in narrow pitch and ultra-thin wall technology.

2. The competitive landscape of China’s plastic molding equipment industry

After years of development, my country’s plastic molding equipment industry has formed a complete range of categories, a solid foundation, the largest scale in the world, and a certain technical level , an industrial system that can basically meet the needs of the national economy and has considerable international competitiveness, and has achieved a series of remarkable achievements. my country's plastic molding equipment output has ranked first in the world for more than ten consecutive years. It is a real major country in the production, consumption and export of plastic machinery in the world and plays an important role in the global plastic machinery market.

After years of technology introduction and innovation, a large number of large enterprises have emerged in China's plastic molding equipment industry, especially the injection molding machine industry. At the same time, China's Yangtze River Delta region has become a world-class injection molding machine production base. In many ways, however, China remains far removed from the world's leading plastics machinery producer.

There are many companies in the plastic molding equipment industry in my country, but most companies only rely on price and quantity to compete in the low-end equipment market. According to statistics from the China Plastics Machinery Industry Association, 25 dominant companies such as Tairui Machinery accounted for 40% of the industry's main business income during the same period, accounting for more than 50% of the total profits during the same period and more than 60% of exports during the same period. They have become a veritable pillar of China's plastic molding equipment industry and plastic machinery industry.

3. The company’s industry status. Advantageous enterprises in China's injection molding machine industry not only need to have advantages in the domestic market, but also need to have strong competitiveness in the international market; not only must they have a complete series of product specifications, but they must also position high-end market demand.

Since its establishment, the company has been focusing on the field of plastic injection molding equipment and has contributed to the development of China's plastic machinery industry, especially the injection molding machine industry. The company is one of the major suppliers of injection molding machines in China, a vice-president unit of the China Plastics Machinery Industry Association, a vice-president unit of the Zhejiang Machinery Industry Federation, a national high-tech enterprise, and a Zhejiang Enterprise Technology Center unit. According to the selection of advantageous enterprises in China's plastics machinery industry by the China Plastics Machinery Industry Association, the company has been selected as one of the "Top 10 Enterprises in China's Plastic Injection Molding Machine Industry" for seven consecutive years from 2011 to 2017, and one of the "Top 25 Enterprises in Comprehensive Strength of China's Plastics Machinery Manufacturing Industry" for seven consecutive years. .

4. Industry development trends

The foreign injection molding machine industry started earlier and has mastered advanced injection molding machine technology. It has the leading position in large-scale injection molding machines, special injection molding machines, and precision injection molding machines. Take advantage. In recent years, injection molding machine manufacturers in developed countries around the world have been paying more attention to providing overall and systematic solutions and solutions to injection molding machine users while constantly improving the functions, quality, auxiliary equipment, automation level and reducing product power consumption of ordinary injection molding machines. Automated production solutions. After years of development, my country's injection molding machine industry has made major breakthroughs in the development and research of precision injection molding machine control systems, and is narrowing the gap with developed countries in terms of management level, product variety, technology level, product grade and high-tech applications. .

In May 2015, the State Council issued "Made in China 2025", which clarified nine strategic tasks and priorities, including vigorously promoting breakthrough development in key areas and focusing on the development of a new generation of information technology industries, high-end CNC machine tools and robots , aerospace equipment, marine engineering equipment and high-tech ships, advanced rail transit equipment, energy-saving and new energy vehicles, electric power equipment, agricultural machinery equipment, new materials, biomedicine and high-performance medical care.

Injection molding machine technology is developing in the direction of energy saving, high speed, precision, environmental protection, networking, intelligence, specialization, specialization and functionality to meet the needs of the growing plastic products market. The future trends are as follows:

(1) Servo energy-saving technology Servo energy-saving technology has been basically recognized by the market after its promotion and application in recent years, and its application cost and service life have also been recognized by manufacturers and end customers. recognized. In the future, servo technology is developing towards more energy-saving, more stable and faster response.

(2) Precision molding technology

Precision injection molding requires precise control of injection pressure and injection speed. The mold closing system is required to have sufficient stiffness and mold closing accuracy. The so-called mold closing accuracy means that the mold closing force is uniform, adjustable, stable and repeatable, and the mold opening position is highly accurate. Requires pressure, flow, temperature, measurement, etc. It can be precisely controlled to the corresponding accuracy, thereby ensuring the reproducible conditions of the molding process and the repeatability of the product.

(3) Large-scale development trend: With the improvement of mold manufacturing technology and the emergence of demand for large-scale new products, the demand for super-large injection molding machines is becoming more and more obvious, especially in the large-scale pipe fittings, logistics, and warehousing industries. . On the other hand, the development of precision and high speed of large-scale injection molding machines is also more urgent, especially in the automotive industry, where plastic is replacing steel.

(4) Induction heating technology based on the principle of eddy current heating in magnets. In recent years, eddy current heating technology in magnets has appeared. This technology causes the metal cylinder to heat itself, and wraps a certain amount of insulation material around the cylinder according to specific conditions, which greatly reduces heat loss, improves thermal efficiency, and has significant energy-saving effects. Because it is made of insulating materials and high-temperature cables, it has the characteristics of long service life and fast temperature rise.

(5) The basic and fundamental technology of the key intelligence of CNC generation.

With the strategic transformation and upgrading of China's manufacturing industry to Industry 4.0, industrial Internet of Things, smart factories, integration of informatization and informatization, intelligent manufacturing, Made in China 2025, Internet, etc. As an important part of the high-end manufacturing industry of injection molding machines, mastering key intelligent basic technologies is to provide technical support for the realization of intelligent molding. It includes new sensing technology, modularization, embedded control system design technology, fault diagnosis and health maintenance technology, high-reliability real-time communication network technology, etc. Using these technologies, a robot-based automated molding and assembly production line and a large composite component molding and processing production line with automatic detection, control and optimization of process parameters were integrated and developed, that is, an intelligent molding and processing complete set of equipment. It will improve product quality and production efficiency like never before.

(2) Company development strategy

1. Brand strategy

The company relies on its strong product R&D and design capabilities, stable product performance, rapid response and The perfect sales service system has won a good reputation in the industry and won the company a broad customer base. The company is a well-known trademark, a famous trademark in Zhejiang Province, a famous export brand in Zhejiang Province, and a well-known trademark in Zhejiang Province. The company will further strengthen brand development, expand its popularity with strong publicity, and enhance its reputation with good reputation.

2. Scale strategy

Currently, the company has more than 50 standard models and hundreds of extended products with complete specifications. However, in the face of the different needs of customers and the development and changes of the industry, the company will continue to develop and produce large-scale, intelligent, fast, precise, and energy-saving injection molding machines, enrich and optimize the product structure, accelerate product upgrading, and develop And produce new products suitable for more fields, cooperate with the company's existing product lines, and actively provide solutions and application services to customers in different industries.

3. Specialization strategy

The company has always maintained a certain advantageous position and technology accumulation in R&D, and has been providing professional services to customers. The company will reserve and cultivate professional talents through continuous research and development of new technologies, "industry-university-research" cooperation and other strategies, and continue to maintain its professional advantages. At the same time, it will continue to catch up with the technology of manufacturing powers, so that customers can truly enjoy the excellent performance and better performance of injection molding machine products. Professional service. The company tries to always maintain a professional leadership position in the industry and drive rapid business growth by relying on its professional leadership position.

4. Intelligent manufacturing strategy

Industry 4.0 is the "Manufacturing Internet", a deep integration of informatization and industrialization, and its core is intelligent manufacturing. Implemented in the plastic manufacturing industry, it is a smart factory and an unmanned factory with injection molding machines as the core.

The company's strategy is to realize Industry 4.0 in the field of terminal applications, aiming to provide comprehensive services for the plastic processing industry to upgrade to Industry 4.0, and ultimately provide customers with overall smart factory solution services.

(3) Business plan

1. The company’s long-term development goal

The company’s long-term development goal is to become the world’s largest and most influential brand. A leading professional supplier of injection molding machines and one of the overall solution service providers for intelligent and unmanned production in the field of plastic injection molding.

2. The company’s mid-term development goals. In terms of medium-term development goals, the company will consolidate and maintain the traditional advantages of existing injection molding machines, actively develop two-platen injection molding machines and all-electric injection molding machines, and focus on the development of large-scale, intelligent, fast, precise, and energy-saving injection molding machines. Machinery and new products will build the company into a mainstream international injection molding machine supplier and an international mainstream service provider that provides automated and intelligent production overall solutions with the company's injection molding machines as the core.

3. Based on the company's business development goals, further optimize the company's product production layout, enrich the product structure, reduce the company's internal operating costs, increase investment in technology research and development, strengthen market development and marketing service network construction, and strengthen talent Team building, improving corporate governance and other measures will promote the company's sustainable development and further enhance its overall competitiveness.

(1) Production Capacity Improvement Plan The company will be market-oriented and maintain the traditional advantages of the existing product market. On this basis, it will focus on the development of two-platen injection molding machines and all-electric injection molding machines, and continue to develop and produce Large-scale, intelligent, fast, precise and energy-saving injection molding machines will enrich and optimize the product structure, accelerate product upgrading, develop and produce new products suitable for more fields, cooperate with the company's existing product lines, and actively provide Provide solutions and application services to customers in different industries. Transform and optimize the layout of the company's existing injection molding machine production line to make it more suitable for the company's key development of two-platen injection molding machines, all-electric injection molding machines and the flexible production requirements of existing products, further improving the production of various injection molding machine products capabilities, make full use of the company's existing facilities to achieve the effect of intensive production, reduce the company's internal operating costs, and further consolidate and enhance the company's competitiveness and market position in the field of injection molding machines.

(2) Technological innovation and new product development plan The company adheres to the R&D model that combines technical guidance with market demand, uses the technology center as the R&D platform, increases investment in scientific research, optimizes existing process technologies, and strengthens new Product development, enhance the company's core technology level, improve product quality and performance, and achieve sustainable development of the company.

The company's R&D work focuses on large-scale hydraulic direct-lock two-plate injection molding machines above 800 tons, direct-drive all-electric injection molding machines below 600 tons, programmable intelligent control technology, advanced polymer molding technology, advanced hydraulic transmission and Serial R&D and application of control technology, etc. , thereby providing customers with higher-end injection molding machine products, making the entire process of molding, feeding, picking, testing, packaging, and cleaning of plastic products with the company's injection molding machine as the core intelligent and unmanned.

(3) In terms of the domestic market, the company will focus on its headquarters (Hangzhou), and on the basis of consolidating existing marketing service outlets, continue to strengthen the development of regional markets and market segments, and strengthen the Radiate influence and services to surrounding customer groups, establish a rapid response mechanism, enhance marketing competitiveness, and enhance the company's overall image and strength. In terms of foreign markets, the company will consolidate its existing foreign marketing network, steadily explore new regional markets, actively develop powerful foreign dealers, and strengthen sales support.

The company will continue to increase its investment in various well-known trade fairs at home and abroad, and gradually implement software platforms such as online sales management systems and product information management systems to improve communication efficiency and enhance the company's sales capabilities and customer service capabilities. .

(4) Human Resources Development Plan

The company will follow the principle of "people-oriented" and regard improving the quality of employees and introducing various talents suitable for the development of the company as important strategic tasks for the company's development . The company will continue to improve its human resources management system, improve job responsibilities, assessments, incentives and training systems, widely recruit outstanding management talents, marketing talents and technical talents, form a healthy competition mechanism, and enhance the company's sustainable development capabilities. By increasing the introduction of senior management and professional and technical talents, the company's technological innovation capabilities and management level will be continuously improved.

At the same time, we will strengthen follow-up talent training and reserve to enhance the company's sustainable development momentum. The company plans to improve its talent structure by continuously absorbing university graduates from various majors.

(5) Organizational structure planning

The company will continue to improve the corporate governance structure, improve the internal control system, and reduce operating risks.

1) The company will give full play to the role of the board of directors and the professional committees of the board of directors as decision-making bodies;

2) Strengthen internal management and establish an effective incentive and restraint mechanism;

3) Improve and standardize the management of subsidiaries, establish an efficient management and control system, ensure the safety of various investments, and achieve stable investment returns.

(4) Possible risks

1. The risk of a decline in the company's operating performance due to fluctuations in downstream industries.

The company's industry belongs to the plastic processing special equipment manufacturing industry (C3523). Manufacturing is highly correlated with macroeconomics and fixed asset investment.

When the macroeconomic downturn or growth slows down, downstream industries will also show a trend of slowing demand, which will slow down the speed of adding and updating equipment and have a negative impact on the company's production and operations. The market demand for the company's products mainly comes from manufacturers in industries such as plastic building materials, auto parts, household appliances and 3C products, logistics supplies, packaging materials, and general plastic products. If the growth of the above-mentioned industries slows down, it will reduce the demand for the company's products, thereby adversely affecting the company's business development and business revenue growth.

2. Customer development risks caused by the relative dispersion of customers. Our company's products are special equipment, non-consumer products, and have long service life. Therefore, there is a certain cycle for customers to purchase end products. During the reporting period, in addition to dealers, repurchases from direct sales customers mainly came from customers' production capacity expansion and old equipment upgrades, while other sales came from new customers developed by the company. Because there is a gradual process for customers to expand production and update old equipment, the number of single purchases is generally not too large, which makes the company's direct sales customers relatively scattered. Although the dispersion of customers reduces the company's operating risks, it also increases the difficulty of customer management and increases the company's market development and sales costs. As the company's production and sales scale continues to expand and product varieties increase, the dispersion of customers may have a greater impact on the company's operations.

3. Risks of the company’s export business

The company’s overseas business revenue accounts for about 40%, and export business accounts for a relatively high proportion. In the complex and ever-changing international economic situation, companies may face the risk of trade protectionism, such as anti-dumping initiated by some exporting countries. For example, in 2009, in order to protect its own industries and ensure employment, India increased its protection of related domestic industries and took anti-dumping measures against injection molding machines from China. The company's products are exported to about 80 countries and regions around the world. If the countries and regions where the company's products are exported have trade frictions with China in the future, it may affect the expansion of the company's export business.

4. Risk of price fluctuation of main raw materials

The raw materials required by the company mainly include machinery, hydraulics, electrical parts and raw materials. The company's direct material costs account for about 90% of the main business costs, which is relatively high. The price of raw materials is related to the price of steel. Fluctuations in steel prices will affect the price changes of the company's various raw materials, thereby increasing the difficulty of the company's cost control. Since it is difficult to sign the company's sales orders simultaneously with the purchase of raw materials, if the prices of the above-mentioned raw materials continue to fluctuate and product sales price adjustments lag behind, it will not be conducive to the company's production cost control and may have an adverse impact on the company's operating efficiency.

5. The buyer’s bad debt risk and joint guarantee compensation under the credit sales model.

In the equipment manufacturing industry, buyer's credit is a commonly used payment method when purchasing machinery and equipment. In order to further promote the development of the company's business and solve the payment problems of customers with good credit who need financing support, the company accepts payment methods of customer buyer's credit settlement during the sales process.

(1) On the premise that the company provides guarantee, the cooperative bank will issue special loans not exceeding the credit limit to customers to pay for machinery and equipment. If the customer cannot repay the loan, the cooperative bank has the right to require the company to perform joint and several guarantee obligations.

(2) On the premise that the company provides guarantees, the company's products are sold by providing financial leases to customers. As a buyer, the customer leases machinery and equipment from a financial leasing company and pays financial leasing fees. If the customer cannot pay.

Leasing and financial leasing companies have the right to require the company to perform joint and several guarantee responsibilities.

As the company’s business scale further expands, the scale of buyer’s credit settlement may also increase accordingly in the future. If a customer defaults, the Company's losses may also increase, adversely affecting the Company's operating results.

6. Risk of exchange rate changes

The company’s export income and import purchase settlement mainly use foreign currencies such as US dollars and euros as settlement currencies. The company will have a certain amount of foreign currency deposits and loans and accounts receivable and payable settled in foreign currencies at the end of each period. Exchange rate changes may have an adverse impact on the company's operations.

Four. Analysis of core competitiveness during the reporting period

(1) Product advantages

1. The company has profound accumulation of product technology and is at the forefront of the industry.

On the basis of technology accumulation, the company continues to innovate and gradually completes the research and development, production and sales of D(T) series products based on the Dream Platform, and further launches the DH two-board series and de all-electric series of products.

After more than ten years of accumulation and development, the company has gradually formed a company with medium and large injection molding machine technology, small and medium-sized high-speed precision injection molding machine technology, extrusion molding technology, two-plate hydraulic mold clamping, direct drive all-electric A technology system with technology as the core. These core technologies are the key to the company's product competitiveness.

2. The company has advanced design concepts, and modular design has enriched the product line and can provide more professional customized solutions.

The company has advanced design concepts and organically combines advanced manufacturing technology, industrial automation technology, computer software applications with equipment manufacturing industry. According to the design idea of ??modular combination, a number of advanced development and management platforms are adopted to launch the Dream Platform D series injection molding machine, which is technically accurate, efficient and energy-saving, greatly improving the end-user's work efficiency and precision and saving energy consumption.

The modular design of the company's clamping part and injection molding part enables the company to have three series of products: DT series hydraulic toggle lever, DH series two-plate type, and DE series all-electric products. With the double-cylinder screw reciprocating, Single-cylinder screw reciprocating, extrusion injection molding, electric direct drive and other injection molding mechanisms form an extremely rich product series.

At the same time, in the process of continuous technological development, the company uses core technology as the fulcrum and uses advanced product design concepts to gradually form professional solutions for various sub-industries. For example, high-speed injection molding solutions for thin-walled packaging containers, all-electric precision injection molding solutions for precision electronic plastic components and communication connectors, extrusion molding solutions for piping system connections and accessories, and two-platen machines for the automotive parts injection molding industry And multi-component precision molding solutions, super injection molding volume extrusion molding solutions, thereby providing customers with a series of professional and complete solutions from pre-sales to after-sales.

3. The company’s product positioning is accurate, energy-saving, high-speed, stable and environmentally friendly. At the same time, it has certain advantages in large and ultra-large injection molding machines.

Precision, energy saving, high speed, stability and environmental protection are the development trends of modern injection molding machine technology. The company's products have core technologies in precision, energy saving, high speed, stability and environmental protection. The company's various injection molding machines and extrusion molding machines are at a high level in China's injection molding machine industry.

The company also has certain advantages in large and super-large injection molding machines. The company's large and ultra-large injection molding machines have been widely used in the transportation material industry whose main products are large pallets, turnover boxes, trash cans, etc., the building materials industry whose main products are pipe fittings, inspection wells, etc., and the bumpers, instrument panels, etc. As the main product of the automotive industry. Our company's DJ series ultra-large extrusion molding machine has the characteristics of ultra-large injection volume, high efficiency and energy saving. It has achieved a number of major technological breakthroughs and won the 2014 "Ringier Technology Innovation Award" in the plastics industry.

The company's "Research and Industrialization of Key Technologies for High Efficiency, Precision, and Intelligence of Large Injection Molding Equipment" project is a major scientific and technological innovation project in Hangzhou and won the 2014 Zhejiang Province Science and Technology Achievements. The key technologies of the project, such as high efficiency, precision and intelligence, have been widely used in the company's large and ultra-large injection molding machines.

4. The company independently develops software based on its own product characteristics, which has better compatibility and makes it easier to realize industrial informatization, intelligence, and automation. As users have higher and higher requirements for the final products of injection molding machines, they also have higher requirements for the control systems and software of injection molding machines. Therefore, the company independently developed a variety of application software based on the control system based on the product characteristics of the injection molding machine, so that the company's injection molding machine has good compatibility, real-time performance and powerful network functions. At the same time, the company's self-developed software adopts an effective development language and cooperates with touch screen and graphical operations to achieve a very good human-computer interaction experience.

At present, the company's injection molding machine products already have a high degree of automation. With the help of intelligent diagnosis and remote monitoring software, a smart factory production model with injection molding machine products as the host is realized, thereby creating greater value for company users.

(2) R&D advantages

1. Excellent R&D team and complete R&D system. The company's core technicians and technical backbones have many years of industry experience and are well versed in the cutting-edge areas of industry technology development and application, providing strong guarantee and support for the company's technology research and development.

This company has an effective incentive mechanism for innovation. The company organized and formulated the salary and performance appraisal plan for the R&D personnel of the technology center, the employee training management system, and the technology center fund management system, etc. , encourage scientific and technological personnel to actively participate in technological innovation activities.

In view of the important role of R&D in company development, the company favors scientific and technological personnel in terms of salary incentives. For engineering and technical personnel who have made special contributions in technical work, they can be promoted exceptionally and provide more development opportunities.

2. Pay attention to R&D investment, form a complete intellectual property system, and actively cooperate with scientific research institutions.

The company formulates scientific R&D plans every year, plans annual R&D projects and funds, and carries out R&D and verification of various new products and new technologies. The company invested in more than 20 advanced instruments and equipment such as clamping force testers and Siemens NX 3D CAD software. , Strengthen the infrastructure for product research and development.

At the same time, the company also actively establishes cooperative relationships with institutions of higher learning and scientific research units such as Zhejiang University, China Jiliang University, and Beijing University of Chemical Technology, and regards "industry-university-research" cooperation as a way to implement the "high-tech innovation strategy" important ways. The company has established long-term talent training and technical training cooperation relationships with universities and scientific research institutes, and based on its strong theoretical foundation and scientific research capabilities, combined with the company's actual situation, shortens the product development cycle. At the same time, through the "industry-university-research" cooperation model, the company has improved the quality of its technical personnel and laid a solid foundation for the company's independent research and development.

3. Drafter and formulator of industry standards

Due to its strong R&D strength, the company has participated in the drafting, formulation or revision of a number of international standards, national standards and industry standards.

On behalf of China, the company participated in the drafting of the ISO international rubber and plastic machinery standard ISO20430-Safety Requirements for Rubber and Plastic Injection Molding Machines. The company has also drafted or participated in the formulation or revision of a number of national standards. It is one of the drafting units of the national standard GB/T32456-2015 "General Technical Conditions for Electromagnetic Heating Energy Saving Systems of Rubber and Plastic Machinery" and the domestic industry standard JB/T8698-2015 "Thermoset Plastic Injection Molding".

(3) Self-control ability of important parts

The quality of castings and weldments has an important impact on the quality of this important component of the injection molding machine. It is one of the few injection molding machine manufacturers in the industry capable of casting production and processing and body welding processing. Terry Heavy Machinery, a wholly-owned subsidiary, has complete casting production equipment, physical and chemical laboratories, production technicians and quality inspection personnel. Through the vertical extension of the company's industrial chain, on the one hand, it effectively reduces the company's production costs and improves product quality; on the other hand, it also effectively ensures the timely supply of important parts and components, ensuring the production cycle and the speed of new product development.

(4) Brand advantage

The company's core performance positioning is "precision, energy saving, high speed, stability and environmental protection". Since its establishment, we have been committed to providing injection molding products to downstream customers. solution. The company has won a good reputation in the industry for its strong product R&D and design capabilities, stable product performance, rapid response and perfect after-sales service system. Our customers are widely distributed in plastic building materials, auto parts, household appliances and 3C products, logistics, packaging materials and other general plastic products industries. The company " & quot has been rated as a well-known trademark, a famous trademark in Zhejiang Province, a famous export brand in Zhejiang Province, and a well-known trademark in Zhejiang Province.

(5) Regional advantages

Plastic molding in the Yangtze River Delta region The scale, efficiency and technical level of the equipment industry are in a leading position in the country, forming a complete supporting environment for the plastic molding equipment industry and a prominent industrial cluster brand effect. Zhejiang Province has become a truly world-class plastic molding equipment production base in R&D. It has strong regional advantages and produces and sells injection molding machines in Zhejiang.

(6) Management advantages

In terms of management, the company has implemented strict standardization in procurement, production and sales. The management system places product quality management, cost control and customer service in a very important position. The company can effectively control the entire process from parts procurement, external processing, product production and assembly, quality inspection to customer service. The 6S lean management ideas of (SEIRI), correction (SEITON), cleaning (SEISOU), cleaning (SEIKETSU), literacy (SHITSUKEI) and safety, and the use of ERP systems and PLM systems have greatly improved the company's manufacturing management capabilities and Solution service level. The company also uses OA office collaboration software to implement paperless office, making company management more standardized and efficient.

One million car purchase subsidies