The leader of the gear manufacturing industry, Hangzhou-Hangzhou Advance Co., Ltd., has recently made online purchases. Hangfang said that it will use the capital market to build the company into the first and world-renowned integrated power transmission supplier and service provider in China.

Policy support industry leader

In 2009, the State Council executive meeting reviewed and approved in principle the "Adjustment and Revitalization Plan for the Equipment Manufacturing Industry," and listed the technological progress of the equipment manufacturing industry as a key support program, which is of great significance to the development of the gear industry.

The revitalization policy of the equipment manufacturing industry has made the advancement of Hangzhou Dental Development rapid. The advancement of products of Hangfang has expanded from a widening of ships to construction machinery, automobiles, agricultural machinery, wind power generation, and other industries. It has expanded from a single species to more than a dozen of the ten categories and has become the longest product line and the most widely used field in the Chinese gear industry. Large-scale backbone enterprises.

It is understood that the domestic gear industry has a low degree of concentration, and individual companies account for a relatively small share of the overall market. The advances in the industry are the widest in the industry and occupy a prominent position in the industry. Among them, the market share of marine gearboxes is 65.5%, which has dominated the market for many years. The market share of engineering machinery transmissions has stabilized at around 20% in the past five years, which is the highest share of independent suppliers; Companies in the industry also have a clear competitive advantage.

Enhancing innovation and technology leadership

After years of technology introduction and product research and development, Hangfang has accumulated a number of core technologies, and its technical level and R&D capability are in the leading position in the industry. It is reported that HANG YING advances 80 patented technologies in the field of gear transmissions, including 7 patents for inventions, 21 revised national standards and industry standards, and currently 5 national research projects.

In 2007, 2008 and 2009, the amount of research and development for the advance of Hangzhou Dental was 59.23 million yuan, 71.4 million yuan and 82.72 million yuan respectively, which accounted for 5.23%, 4.96% and 5.43% of the operating income in the same period, far higher than the general manufacturing. enterprise.

Capital assistance focuses on growth

When it comes to listing, the leaders of Hangfang forward believe that listing will play a key role in realizing the business goal of Hangzhou Dental. After 50 years of accumulation and precipitation, Hangzhou Dental is entering a rapid development channel.

The fundraising projects are the main business of HangZa, and will further expand the production capacity, increase the technical content, and expand the market share after the implementation.

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