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For every 3 mobile phones produced in the world, 1 mobile phone uses Chinatungsten High-tech micro drills in the production process. At present, the market share of precision micro drill bits for printed circuit boards (PCB) of Jinzhou Company, a subsidiary of Chinatungsten High-tech, ranks first in the world. monopoly.
"The mission of China Tungsten High-tech is to provide tools for my country's manufacturing industry. From aerospace to daily necessities, cemented carbide tools are inseparable. We have a special mission to ensure the security of the national industrial chain and supply chain." A few days ago, China Li Zhongze, chairman of Tungsten High-tech, said in an exclusive interview with reporters that the company now regards the needs of users and the security of the national industrial chain and supply chain as the main direction of scientific and technological research. China Tungsten High-tech hopes to enter the world's first camp in the same industry during the "14th Five-Year Plan" period.
The reform has paid off
China Tungsten High-tech is a high-tech enterprise specializing in the manufacture of cemented carbide and tools listed on the Shenzhen Stock Exchange. Manufacturing single champion demonstration enterprise. In August 2016, China Minmetals regarded Chinatungsten High-tech as a platform for asset integration, management and control in the tungsten industry, and entrusted all its tungsten mines and smelting enterprises to Chinatungsten High-tech, making it a collection of tungsten mines, smelting, cemented carbide and tools. One of the world's largest tungsten resource developers and tungsten product manufacturers.
In 2018, China Tungsten High-tech was selected as the first batch of "Double Hundred Action" pilot enterprises by the State-owned Assets Supervision and Administration Commission of the State Council, and the company ushered in a new development opportunity.
"We summed up the reform in six words, that is, unloading the burden and increasing vitality." Li Zhongze said that in terms of unloading the burden, in accordance with the unified deployment of the State-owned Assets Supervision and Administration Commission of the State Council, the company has separated enterprises to run social functions, deal with deadlocks and overcome difficulties, and "three supplies". One industry” reform, etc., to fully complete the reform task. In terms of increasing vitality, various measures such as professional managers and the reform of income distribution mechanism have been implemented, especially the promotion of the division system, the creation of an independent customer-oriented market competition entity, so that enterprises have more autonomy and stimulate vitality; continue to launch The 2.0 version of the division system has fully introduced the IPD mechanism, which truly integrates R&D, production and sales, greatly mobilizing the enthusiasm of cadres and workers.
It is understood that the implementation of the business division system has reversed the 10-year loss-making situation of the headquarter of China Tungsten High-tech Corporation. The level of differentiation in salary distribution has been continuously improved. The maximum difference in the average salary of employees within member companies and between business divisions has reached 30%-40%, and the maximum annual income difference of the heads of business divisions has reached more than 30%.
"I took over as chairman of China Tungsten High-tech in June 2016. Back then, I went to many first-tier enterprises to hold cadres and workers' symposiums. The most discussed issue was that the income was very low and there was no prospect. Three years later, when the cadres and workers symposium was held , We brought those employees at that time to a discussion, generally speaking, everyone no longer pays attention to income and survival issues, but focuses on how to develop better in the future." Li Zhongze told reporters.
The benchmark of Jinzhou Company
"Our reforms in the past few years have been silent, mainly to improve efficiency. All problems must be solved during development. When the enterprise develops, the problems will be solved." Li Zhongze told reporters that China Tungsten High-tech is still setting a benchmark within the company , among which Jinzhou Company is a model of China Tungsten High-tech.
Since its establishment in 1988, Jinzhou Company has been deeply involved in the micro-drilling industry for more than 30 years. It is one of the world's leading micro-tool enterprises and one of the national high-tech enterprises. For more than 30 years, it has devoted itself to the research and development of micro-drills, and has continued to grow rapidly, and its market share is the first in the world.
"Jinzhou Company has been making PCB tools since the early 1990s. The reasons for its sustainable and stable development for more than 20 years are: one is to focus on the field of PCB tools, and the other is to adhere to technological innovation and make breakthroughs according to the needs of customers, markets and industries." Li Zhongze said: A reporter from China Securities Journal bluntly stated that Jinzhou Company is the only state-owned enterprise in its industry in China, which has withstood the test of market-oriented competition.
"In 2017, we implemented the professional manager system in Jinzhou Company. By the first term in 2019, Jinzhou Company's PCB tool market share ranked first in the world. 2020 is the second term of Jinzhou Company's professional managers. In the first year, in the face of the epidemic, the performance did not drop but rose." Li Zhongze said.
At present, Jinzhou has a wide global coverage, and its products are exported to 22 countries and regions such as Japan and South Korea. Most of the world's major PCB companies are Jinzhou customers, such as Shennan Circuits, Jingwang Electronics, Shengyi Electronics, Pengding, TTM et al.
Increase investment in R&D
In terms of performance, in the first three quarters of 2020, China Tungsten High-tech achieved revenue of 6.622 billion yuan, a year-on-year increase of 11.96%; net profit attributable to shareholders of listed companies was 152 million yuan, a year-on-year increase of 40%.
China Tungsten High-tech is also accelerating the pace of going global. "Our competitiveness in overseas markets has been continuously strengthened. We have not only established R&D centers and factories, but also have our own after-sales service team. Our main products have been recognized by customers in the European and North American markets," said Li Zhongze.
For China Tungsten High-tech to achieve such achievements, it is very important to continuously invest in R&D and innovation. In 2018 and 2019, China Tungsten's high-tech R&D investment was 175 million yuan and 307 million yuan respectively. In the first half of 2020, the company's R&D investment was 152 million yuan.
"The proportion of the company's R&D investment has now reached the level of a world-class company in the same industry, and will continue to invest in the future. In the past, R&D may have been chosen with greater certainty, but now it will encourage challenging and basic R&D. We also establish A fault-tolerant mechanism has been established to encourage R&D personnel to innovate and improve their status in the company." Li Zhongze told reporters, "In the past, when we talked about cost reduction, we might first reduce R&D expenses. In recent years, no matter how the market changes, including during the epidemic, the company invested in R&D. The intensity hasn't dropped."
"Now the company has independent intellectual property rights from the design of materials and tools to the proposal of overall solutions. In the future, it will continue to increase the intensity, intensity and speed of innovation, and continue to provide users with more cost-effective and better quality products. , products with better stability." Li Zhongze said that in the past, China Tungsten High-tech and the world's second camp companies in the same industry ran side by side, but now the company leads the second camp, and is gradually narrowing the distance with the first camp companies. Our goal is to truly become a world-class enterprise in the same industry through reform. (Zhang Xingwang)