Weighing enterprise transformation and upgrading to "service-oriented manufacturing"
As the economic development enters the new normal, the company also implements a more innovative driving strategy. The company responded to major development strategies such as “Made in China 2025” and strived to break through the development bottleneck of weighing equipment manufacturing, focusing on optimizing the product structure and changing the business model. As a result, the company's strategy has changed from a traditional weighing equipment manufacturing company to a supplier of total material management solutions, from "industrial manufacturing" to "service-oriented manufacturing." The company successfully provided total management contract for fuel management engineering for power group companies. Its service revenues such as general contracting technical services, software development, and maintenance of weighing data accounted for more than 30% of total revenue, and achieved significant results in strategic adjustment of the company. . As assessed by the Fujian Economic and Information Technology Commission, the company has been assessed as one of the hundred service-oriented manufacturing demonstration and fostering enterprises in Fujian Province and has been highly valued by the higher authorities.
The company has established a sales service network all over the country. The target is the middle and high-end market players in the weighing industry. The company has 135 employees and 54 scientific and technical personnel. The company's R&D expenditure is about 6% of sales revenue. The company cooperates with Fujian University of Technology, Fuzhou University, Nanyang Technological University of Singapore and other universities to carry out cooperation in production, research and development, and constantly introduces new technologies and new products in the development and application of automation control core technology, network information technology, and Internet of things application technology. The company has a total of 26 patents (one for invention patents and one for licensing national inventions) and six system software copyrights, and forms independent intellectual property rights around the core technology of smart scales.
The transformation and upgrading of enterprises and innovation-driven development have brought vigorous development to the company. In the first quarter of 2018, the company’s sales increased by 35% compared with the average of the same period of the previous three years. It has achieved the best level of the calendar year and the development of the company has entered a healthy track.