“Little Giant” broke out with great energy, and the net profit of Shandong Hwapeng Precision Machinery Co., Ltd. in the first half of the year increased by 216%

In Laishan District, there is such a “Little Giants” enterprise: it is positioned as a complete set of core equipment for new energy materials production and digital technology service provider. Over the years, it has seized the opportunities such as national industrial upgrading and high-end value chain transfer, targeted at key technologies through strategical motivation and product innovation. It has broken the technology monopoly over foreign country to achieve leapfrog development of the enterprise. In the first half of this year, the operating income of the enterprise increased by 122%, and the net profit increased by 216%. The annual operating income and profit are expected to grow by 75%~100%. Hwapeng has just been recognized by the Ministry of Industry and Information Technology as the fourth batch of National Specialized and sophisticated “Little giants” Enterprises

In recent years, Hwapeng has gathered a large number of high-end elites, professional and technical experts and outstanding technicians with the mission of “Prospering the country through industry, Serving the country through industry” and the vision of “Bringing happiness to employees and benefiting the society”. Relying on its strong technical strength and talent advantages, Hwapeng has continued to expand its carbon manufacturing business and achieved rapid growth in yearly operating income.

The HP-EVC1500 Airbag Pressurization Vacuum Vibration Forming System is currently a core equipment of the graphitization process of the negative electrode material of the new energy vehicle power battery worldwide. Previously, this technology has been monopolized by foreign companies. In order to overcome this “choke” technology, Hwapeng Precision Machinery started the research and development of related technologies in 2019.

After anchoring the goal, action is the key. At the beginning of the R&D work, everyone, including Chairman Wang Yi, had no idea. “Don’t say anyone else. We all have doubts. The difficulties are in front of us. Can we overcome them? No one can be sure, but we can’t give up when we meet some difficulties. So I want to persuade the core team members to have confidence.” Wang Yi said that Hwapeng has hired process technology experts to ensure the project quality through the system process. More importantly, Hwapeng’s innovation management uses APD’s rapid product research and development tools. During the research and development process, there are opportunities to find possible problems and make timely improvements, which has laid a solid foundation for the success of research and development.

After three years, with the joint efforts of the core team, the HP-EVC1500 Airbag Pressurization Vacuum Vibration Forming System was developed and put on the market, achieving the success of one-time operation, thus breaking the foreign technology monopoly and realizing the domestication of the core equipment of the graphitization process of the negative electrode material of the new energy vehicle power battery.

“Our country is in the first array in the field of new energy vehicles and artificial intelligence. In this process, our industry has gradually stood at the high-end of the value chain. Therefore, we combine the macroeconomic situation, the development of industry technology and the needs of users to formulate real-time strategies to promote the high-speed and sustainable development of Hwapeng.” Wang Yi expressed his joy facing achievements.

At present, the products and technical services of Hwapeng involve high-end new materials, artificial intelligence, industrial robots and high-end fields of the new energy vehicle equivalent value chain. In the first half of 2022, the operating revenue increased by 122%, the net profit increased by 216%, and the annual operating revenue and profit are expected to achieve 75% – 100% in growth.

Wang Yi said that digital and intelligent technology is bound to be an important development direction in the future. Hwapeng will continue to adhere to the business philosophy of “Creating Value for Users”, actively, steadily, scientifically and orderly develop advanced products and technologies, enrich product categories, optimize variety structure, and strive to realize the digitalization and intelligence of complete sets of large-scale equipment to improve its core competitiveness, Around 2024, it will become a leading digital technology service provider in the field of new energy materials and a leading digital intelligent technology service provider in China’s industry.

Source: Yantai Daily