Four valves rely on innovation to win the market

In recent months, Shengli Oilfield and Xinjiang Oilfield, along with over 20 other units, have signed a nearly 10 million yuan valve supply contract with Funing Quadruple Valve Co., Ltd. As of November, the company has already secured full production orders for the first quarter of next year. Funing Quadruple Valve Co., Ltd. was originally established as the Funing Valve Factory, which went bankrupt before being reorganized. In 2002, three experienced technicians—Qiu Fengxin, Zou Qijian, and others—self-funded and founded a joint-stock enterprise. This year, the company has shown strong growth, driven largely by its focus on independent innovation. First, it has improved its investment mechanism to enhance scale efficiency. Since its establishment, the company has launched new projects every year, continuously expanding its production capacity. Last year, it invested 5.5 million yuan to build a new metalworking workshop. This year, it spent 10.8 million yuan to purchase six advanced gold-cutting machines, boosting its production capacity by four times compared to the previous level. Second, the company has innovated its management system to reduce costs. In terms of quality control, it has implemented a comprehensive inspection system including self-inspection, mutual inspection, group inspection, general inspection, and factory inspection, alongside a quality-based salary system. As a result, the first-class product rate remains above 95%. For cost management, the company introduced an open competition system among suppliers, requiring all raw materials to be purchased at a ratio of three while quantifying internal costs down to teams and individuals. Currently, the company has developed a "three full and one strict" cost management system—covering full cost, full-process cost control, all-round cost management, and strict evaluation. Third, the company has focused on technical innovation to accelerate new product development. It has deployed 16 skilled scientists and technicians in the factory and set up a dedicated valve R&D center. Additionally, it has formed close partnerships with over 20 research institutions and universities, such as the Beijing Iron and Steel Research Institute and Nanjing University of Science and Technology. Since last year, the company has successfully developed six new products, two of which have filled domestic gaps and received international patents. These innovations have not only boosted the company’s competitiveness but also solidified its position in the market.

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