Qinchuan Machine Tool: Pay more attention to brand innovation and innovation

For the ecology of Qinchuan Machine Tool after the overall listing, chairman Long Xingyuan said that he will pay more attention to improving the group's brand ability, survivability, and innovation ability. Achieve overall listing and raise matching funds.

For the overall listing of the Qinchuan Group, Long Xingyuan stated that “they conform to two markets, one is the product market and the other is the capital market.” And for the ecology of Qinchuan Machine Tool after the overall listing, Chairman Long Xingyuan said that it will be more Focus on enhancing the Group's brand capabilities, survivability, and innovation capabilities. Achieve overall listing and raise matching funds.

"On September 12, Qinchuan Development issued 366 million shares to 9 shareholders of the original group, with an issue price of 6.57 yuan per share, and achieved overall listing. On September 24, we issued a share offering package to no more than 10 investors. Funds, through the auction to determine the final issue price of 8.37 yuan / share, six institutional investors to obtain the company's stock of 71.47 million shares, raising total funds of 598 million yuan," Long Xingyuan talk about the overall listing situation.

As a pioneer in the reform of state-owned enterprises in Shaanxi, Qinchuan Group took the lead in launching the overall listing process. In September this year, Qinchuan Development released a report on the absorption and merger of the Qinchuan Group and received approval from the Securities Regulatory Commission.

According to the announcement, the number of Qinchuan’s planned shares to be issued was 366 million shares, of which 110 million shares were issued to Shaanxi Provincial SASAC, 101 million shares were issued to Shaanxi Investment, and the price of shares issued was 6.57 yuan/share. According to the asset assessment report, Qinchuan Group’s net assets were valued at RMB 2.405 billion. Qinchuan’s development through the issuance of shares through absorption of the Qinchuan Group’s consideration was RMB 2.405 billion. After the completion of this transaction, the listed company will use the machine tool business as the core and the related machinery manufacturing business as its subsidiary to integrate R&D, manufacturing, sales, and related service functions. It will become a comprehensive high-end equipment supplier represented by CNC machine tools. Products include various types of grinders, lathes, tools and so on.

What is the benefit of the overall listing for Qinchuan? Long Xingyuan stated that "it follows two markets, one is the product market and the other is the capital market."

Long Xingyuan has always been an advocate of certain ideas in the machine tool industry. He put forward the theory of "Enterprise Ren Duujiu" that, according to the theory of Chinese medicine, Ren Vessel's main blood and Governor's main gas are the main veins of human body meridians. If Ren Duo 2 veins pass, they can improve their physical fitness and strengthen their bones. Long Xingyuan borrowed this theory to elaborate the relationship between industrial capital and financial capital, and believed that the channel between the two must be opened to enable the company to embark on the track of healthy and healthy development. Therefore, the combination of industrial capital and financial capital has become a theoretical pillar of the overall listing; and “the combination of industrial capital and financial capital is the high-end of industrial operation”, it is in terms of the difficulty of this combination. In fact, the reverse merger of subsidiaries to achieve the overall listing of companies at the same time to raise matching funds, not only in the machine tool industry, or in the Chinese stock market, is also a unique one. Compared with the high degree of the "Ren Duke Second Pulse Theory", the benefits of the capital market obtained by Qin Chuan after its overall listing are easier to understand. "First, after entering the capital market, your project can be better expressed. You can get cheaper money. Second, companies will use a public company's standards to conduct more standardized management." Ideas

In Qinchuan's development ideas, there is a concept of “three one-thirds” that is to form three-thirds of the “machine tool products, key functional components, and modern manufacturing service industries” (ratio of sales revenue). Business sector pattern.

"You look at the special gear box on the side of the booth. The herringbone tooth is the high-end product we export to the United States." Long Xingyuan pointed to herringbone gear assembly on the booth and said, "Qinchuan's functional parts business will constitute us' three. One third of 'one pole'. "However, this 'three-thirds' is in the same strain, and the technology source is still our machine tool mastering technology. Qin Chuan is in a must-have place and must be still in the machine tool," Long Xingyuan remarked. "The complex surface processing equipment industry chain", "high-performance CNC machining machine tool industry chain", "aero-engine key parts processing equipment industry chain", Qinchuan disclosed this year's external "three major industrial chain" is the focus of the machine tool business The point is.

For suppliers, the factoring business will be developed. Mainly refers to the transfer of receivables arising from the sale of goods, services, or other reasons to banks, which provides banks with comprehensive financial services such as accounts receivable financing, commercial credit investigation, and accounts receivable management. In this way, companies can obtain payment in advance and accelerate their capital turnover.

"A business down is selling things. A financial leasing company is for selling products. It has a relationship with the company's users. Factoring is a problem for suppliers. Even some healthy companies may temporarily experience cash shortages." At this time, he used factoring companies to repair his cash chain. In this regard, Long Xingyuan appeared confident. The world-class company "Qin Chuan's next goal is to become a world-class machine tool company within five years."

What is world class? Long Xingyuan's explanation is that "there are several comprehensive indicators from the industrial level, development model, and technical level. The general evaluation is just a representation, and the size of the company is also secondary, and the key is to get the recognition of the world's industries." I don't think that the bigger the company is, the better it is, but the vitality of the brand created by the company, the impact it has in the industry, and the tenacious survival ability of the company. We must create a business that is conducive to our survival, not Simply do a few machine tools. You must listen to the voices of the people around you and where they want me to take the business.”

As a leading enterprise in the gear grinding machine industry, Qinchuan has seven series and more than 200 specifications of gear grinding machine products. It is the largest variety of gear grinding machine manufacturers in the world, and its domestic market share reaches 75%. . Ten years ago, Qinchuan formed a large group by integrating resources such as Grande, Hanjiang Machine Tool, Hanjiang Tools, and Baoji Machine Tool Co., Ltd. to expand the grinding gear business to the entire grinding business, forming a precision and efficiency centered on “grinding”. Gear grinding machines, precision thread grinders, CNC blade grinders, cylindrical grinders, cylindrical end grinders, axle grinders, axle grinders and other full range of grinding machine tool R & D and manufacturing bases, known as the industry's "mill world." At the same time, Qinchuan Machine Tool Co., Ltd. builds a variety of processing technologies, such as gear blank processing machine tools, tooth machine tools, gear cutting tools, precision gear grinding machines, gear measuring machines, etc., to establish a gear processing technology equipment chain, and finally to build A high-tech international brand.

As a first-tier supplier of parts and components, it is Long Xingyuan's plan for the parts and components sector. Since the beginning of this year, Qinchuan Group has continued its efforts in the manufacturing of high-end parts and components supported by advanced manufacturing technologies. It has successively created marine platforms to upgrade gearboxes, ships all-rotary rudder propeller devices, large arc bevel gears, robotic joint reducers and zero Parts and so on. Especially in the industrial robot segment, Qinchuan has invested a large sum of RMB 194 million to implement the technical transformation project of the industrial robot joint reducer, which will be implemented in phases. The first phase of the 60,000 sets is expected to reach production in October 2015. It is understood that most of the complete sets of joint reducer equipment can be designed and manufactured within the group, which is more conducive to the formation of batch industrial production.

In the development of new industries, Qinchuan has undertaken major national special projects such as "five-axis linkage blade CNC grinding machine", "high-precision precision large-scale numerical control bevel gear grinding machine" and "blade grinding and polishing processing unit", as well as participating national major projects." The aero engine integrated blade disk high-efficiency composite CNC milling machine involves the fields of aerospace, aviation, marine and aviation engines, and gas turbines.

Qinchuan also relied on strong technical strength to establish an integrated R&D platform at home and abroad, including a national R&D and manufacturing base for precision CNC machine tools and complex tools, state-level high-tech companies and innovative pilot companies, and a national-level enterprise technology center and academician. Expert workstations, postdoctoral research stations, and 3 provincial technology R&D centers. At the same time, Qinchuan also established a North American R&D center relying on the internationally-operated “bridgehead” acquired by United Industrial Company of America 10 years ago. "Three years from now, Qinchuan will take a more solid step toward world-class companies." Long Xingyuan once again said with confidence.