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Advance gears: Building Asia’s first-class transmission enterprise brand

Mar 4, 2024 | Global Companies in China | 0 comments

In the past two years, under the double “big test” of the epidemic and the global economic environment, China’s economy has gone from suspension to restarting recovery, and has embarked on a “smile curve” that first declined and then rose. However, during this period, hidden risks in my country’s industrial and supply chains were also exposed. Efforts to reshape new industrial chains and comprehensively increase technological innovation and import substitution have become the key to deepening supply-side structural reform and achieving high-quality development.
Hangzhou Qianjin Gearbox Group Co., Ltd. (hereinafter referred to as “Qianjin”), as a large-scale key backbone and national high-tech enterprise specializing in the design and manufacture of gear transmission devices and powder metallurgy products in my country, actively responds to national development policies and will General Secretary Xi “Solve the ‘stuck neck’ problem as early as possible. Only by taking the core technology into your own hands can you take the initiative in competition and development.” The development ideas are integrated into the company’s operation and management planning. Based on the main business of transmission devices, Hangzhou Gear Advance takes intelligent development and technological innovation as the leading force in corporate development, and continuously enhances the core competitiveness of corporate development. In 2020, we submitted a satisfactory answer of double harvest in terms of revenue performance and technological innovation and development.

Advance gears: Building Asia’s first-class transmission enterprise brand

Scientific and technological innovation promotes high-quality development and submits the “Double Harvest” answer sheet in 2020

Advance gears: Building Asia’s first-class transmission enterprise brand

According to the 2020 annual report of Hangzhou Jijinjin, the company achieved operating income of 1.918 billion yuan last year, a year-on-year increase of 16.07%; net profit attributable to the parent company was 83.9147 million yuan, a year-on-year increase of 325.25%; earnings per share was 0.21 yuan; the company plans to distribute 0.20 for every 10 shares yuan (tax included), and a total cash dividend of 8.0012 million yuan (tax included) was distributed; the performance achieved a certain growth rate compared with the previous year.

In terms of intelligent development and technological innovation, in 2020, Hangzhou Gear Advance increased innovation efforts and strengthened the foresight of technological innovation in accordance with market development trends. It completed a total of 87 new product designs, developed 3 key parts and components, and applied for and accepted patents. There are 52 patents and software copyrights, and 36 authorized patents and software copyrights. The technological innovation achievements are particularly fruitful.

In the field of ships, Hangzhou Gear has successfully developed China’s first set of the largest marine GWC85.100 gearbox, achieving a functional breakthrough in large ship propulsion systems. It has also successfully developed the marine HC1200/1P hybrid gearbox, which is used in China’s first oil-gas-electric hybrid The power ship “New Yangtze 26007”; and achieved a breakthrough in the localization of the transmission system of special ships.

In the field of wind power products, Hangge Qianjin achieved 50% growth in 2020. During this period, Hangge followed industry trends and developed towards mainstream large-megawatt models and hybrid drive models, developing 3.6MW and 3.XMW Gearbox, complete the preliminary plan of 4.XMW.

Advance gears: Building Asia’s first-class transmission enterprise brand
Advance gears: Building Asia’s first-class transmission enterprise brand
Advance gears: Building Asia’s first-class transmission enterprise brand

Construction machinery sector: open source innovation and further promote domestic substitution

Under the great test of the epidemic, in the face of the complicated international economic situation, a series of policies such as the national internal and external dual circulation policy and the revitalization of new infrastructure have boosted the demand prospects of the construction machinery market and created a good environment for Chinese construction machinery enterprises. Development opportunities and platforms.

Under the tumult, Hangge Gear As the largest independent supplier of gearboxes in the construction machinery industry in China, relying on more than 60 years of technological accumulation, it has focused on product technology research and development and production, and has in-depth cooperation with enterprises to promote the process of localization of gearbox products.

Advance gears: Building Asia’s first-class transmission enterprise brand
Advance gears: Building Asia’s first-class transmission enterprise brand
It is reported that in 2020, Hangzhou Gear Advance completed the AYB311 automatic transmission research and development project, successfully filling the domestic gap, and developed the engineering YB160 hydraulic transmission, which is suitable for many types of engineering vehicles such as graders; at the same time, Hangzhou Gear Advance and construction machinery Enterprises in the industry have maintained in-depth communication and exchanges, completed the design and development of a number of imported substitute products, and also completed the development of new field projects such as nuclear power drive reducers and HSS385 high-speed boxes, achieving fruitful results.

Xu Dingyu, marketing director of Hangzhou Jijinjin Construction Machinery Division, said that in the construction machinery sector, Hangzhou Jijinjin will further integrate market demand in 2021 and further develop gearbox products related to the excavation machinery and mining machinery equipment market.

Focus on transmission and make high-quality transmission products. For more than 60 years, Hangzhou Jijinjin has engraved this sentence in its bones and implemented it in its operations and production. They focus on transmission, from marine to engineering, wind power, automobiles, agriculture… horizontally expanding the market and vertically expanding the industrial chain, creating a R&D, production and manufacturing empire of professional gear transmission devices.
Advance gears: Building Asia’s first-class transmission enterprise brand
Advance gears: Building Asia’s first-class transmission enterprise brand
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