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The statistics of the main economic indicators of the 24 valve core manufacturers of the China Chemical Industry Equipment Association show that in 2007 China’s valve core industry’s economic indicators such as output value, sales revenue, and foreign exchange earned through exports have all achieved leapfrog growth. The strength and effectiveness have increased substantially, and all major indicators have reached the highest level in history. At present, China has become the number one manufacturing country in the world valve core industry and directly controls the market conditions of the international valve core.
According to statistics, the sales revenue of 24 major valve core enterprises in China last year reached 2.075 billion yuan, an increase of 33.8% over the previous year. Among them, 1.707 billion sets of valve nozzles were produced, an increase of 45.6% year-on-year; valve core production was 2.004 billion sets, a year-on-year increase of 21.8%. Based on this estimation, the total sales revenue of the valve core industry in China reached 3.01 billion yuan, the valve output reached 230,000, and the valve core output reached 2.45 billion.
Among the companies that accepted the statistics, except for a slight drop, the sales revenue of valve cores of the remaining 23 companies had increased to varying degrees, and the increase was mostly above 20%. The growth rate of Jiangyin Innovative Valves Co., Ltd., Hangzhou Wanmeng Doors Co., Ltd., Shunde District Anchi Industrial Co., Ltd., Ningbo Ouya Daocheng Auto Parts Industry Co., Ltd. and other growth rates was over 40%. Overall, the industry's production and sales ratio is generally better, with most of them reaching over 95%.
Many companies not only achieved success in the valve industry, but also achieved breakthroughs in the use of valve manifolds to enrich product lines and diversify development. For example, Jiangyin City Innovation Group started from the valve, developed the rubber, pad, cord, tire wire, chemical raw materials and other products, has become a supplier of tire frame material; Shanghai Baolong and Ningbo Siming start with the valve, development Exhaust pipes and counterweights are being developed for auto parts suppliers. Hangzhou Wantong started with valves and developed barometers, pneumatic tools, and quick connectors. It is developing for pneumatic product suppliers. The development of these companies, on the one hand, has expanded its own product line and has also advanced the development of the valve industry.
The statistical results show that the overall strength of the valve core industry in China shows a leap-like improvement, mainly reflected in three aspects.
First, the ability to earn foreign exchange through exports has greatly increased. The total foreign exchange earned by these 24 enterprises in 2007 was 872 million yuan, an increase of 21.9% over the previous year. Together with the two Taiwan-funded enterprises, Six Hui and Xia Hui, in 2007 the total foreign exchange earned by China's valve cores exceeded 1.38 billion yuan. According to Wang Lin, deputy director of the valve core professional committee, in 2007 China's valve core output has reached about 70% of the world total, a number of mouth core enterprises become qualified suppliers of automotive parts.
The second is the strengthening of technological innovation capabilities of enterprises. It can be seen from the industry survey that most of the valve core parts and components companies in China have been automated. The instrument lathe has been changed to an automatic lathe, and the vulcanization equipment has basically been changed to a computer-controlled automatic vulcanizing machine. In addition, the company’s technology development efforts have been strengthened. According to incomplete statistics, in 2007, the technological transformation and development of valves were invested more than 80 million yuan; the independent intellectual property rights of industry and enterprises also achieved a change from scratch, with about 40 patents.
Third, the company's profitability has increased substantially. From the profit statistics reported, the profits of most enterprises have increased significantly compared with the previous year, and no one company has suffered a loss, presenting a welcome situation in which many enterprises purchase land and build houses and increase equipment.
According to statistics, the sales revenue of 24 major valve core enterprises in China last year reached 2.075 billion yuan, an increase of 33.8% over the previous year. Among them, 1.707 billion sets of valve nozzles were produced, an increase of 45.6% year-on-year; valve core production was 2.004 billion sets, a year-on-year increase of 21.8%. Based on this estimation, the total sales revenue of the valve core industry in China reached 3.01 billion yuan, the valve output reached 230,000, and the valve core output reached 2.45 billion.
Among the companies that accepted the statistics, except for a slight drop, the sales revenue of valve cores of the remaining 23 companies had increased to varying degrees, and the increase was mostly above 20%. The growth rate of Jiangyin Innovative Valves Co., Ltd., Hangzhou Wanmeng Doors Co., Ltd., Shunde District Anchi Industrial Co., Ltd., Ningbo Ouya Daocheng Auto Parts Industry Co., Ltd. and other growth rates was over 40%. Overall, the industry's production and sales ratio is generally better, with most of them reaching over 95%.
Many companies not only achieved success in the valve industry, but also achieved breakthroughs in the use of valve manifolds to enrich product lines and diversify development. For example, Jiangyin City Innovation Group started from the valve, developed the rubber, pad, cord, tire wire, chemical raw materials and other products, has become a supplier of tire frame material; Shanghai Baolong and Ningbo Siming start with the valve, development Exhaust pipes and counterweights are being developed for auto parts suppliers. Hangzhou Wantong started with valves and developed barometers, pneumatic tools, and quick connectors. It is developing for pneumatic product suppliers. The development of these companies, on the one hand, has expanded its own product line and has also advanced the development of the valve industry.
The statistical results show that the overall strength of the valve core industry in China shows a leap-like improvement, mainly reflected in three aspects.
First, the ability to earn foreign exchange through exports has greatly increased. The total foreign exchange earned by these 24 enterprises in 2007 was 872 million yuan, an increase of 21.9% over the previous year. Together with the two Taiwan-funded enterprises, Six Hui and Xia Hui, in 2007 the total foreign exchange earned by China's valve cores exceeded 1.38 billion yuan. According to Wang Lin, deputy director of the valve core professional committee, in 2007 China's valve core output has reached about 70% of the world total, a number of mouth core enterprises become qualified suppliers of automotive parts.
The second is the strengthening of technological innovation capabilities of enterprises. It can be seen from the industry survey that most of the valve core parts and components companies in China have been automated. The instrument lathe has been changed to an automatic lathe, and the vulcanization equipment has basically been changed to a computer-controlled automatic vulcanizing machine. In addition, the company’s technology development efforts have been strengthened. According to incomplete statistics, in 2007, the technological transformation and development of valves were invested more than 80 million yuan; the independent intellectual property rights of industry and enterprises also achieved a change from scratch, with about 40 patents.
Third, the company's profitability has increased substantially. From the profit statistics reported, the profits of most enterprises have increased significantly compared with the previous year, and no one company has suffered a loss, presenting a welcome situation in which many enterprises purchase land and build houses and increase equipment.
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