Four valves rely on innovation to win the market

Recently, Shengli Oilfield and Xinjiang Oilfield, along with more than 20 other units, have signed a nearly 10 million yuan valve supply contract with Funing Quadruple Valve Co., Ltd. This marks a significant milestone for the company, which has seen a surge in demand. As of November, all production orders for the first quarter of next year are already fully booked. The company's impressive growth can be traced back to its origins: Funing Quadruple Valve was established in 2002 by three technicians—Qiu Fengxin, Zou Qijian, and others—who self-funded and founded a joint-stock enterprise after the original factory went bankrupt. Since then, the company has continuously expanded and innovated. This year’s strong growth is largely driven by its focus on independent innovation. First, the company has improved its investment mechanism to boost efficiency and scale. Every year since its establishment, new projects have been launched, and production capacity has steadily increased. Last year, it invested 5.5 million yuan to build a new metalworking workshop, while this year it allocated 10.8 million yuan to purchase six advanced gold cutting machines. This investment has boosted production capacity by four times compared to the previous year. Second, the company has introduced an innovative management system to reduce costs. In quality control, it has implemented a comprehensive inspection process, including self-inspection, mutual inspection, group inspection, general inspection, and factory inspection. It also introduced a quality-based salary system, ensuring product quality remains high. Currently, the first-class product rate exceeds 95%. In terms of cost management, the company conducts open competition among suppliers, requiring raw materials to be sourced at a three-way ratio while quantifying internal costs down to teams and individuals. This has led to the formation of 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 engineers and set up a dedicated valve R&D center. Additionally, it has formed partnerships with over 20 research institutions, including the Beijing Iron and Steel Research Institute and Nanjing University of Science and Technology. These collaborations have enabled the development of several key products. Since last year, the company has successfully launched six new products, two of which have filled domestic gaps and received international patents. With this combination of innovation, management, and technical advancement, Funing Quadruple Valve is well-positioned for continued success in the coming years.

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