CFHI(SH:601106) Jin Rong Shi Bao·2025-07-03 01:43Core Viewpoint - The article discusses the transformation and revitalization of the industrial city of Qiqihar in Northeast China, highlighting the challenges faced by traditional industries and the ongoing reforms aimed at enhancing competitiveness and innovation [1][2][3]. Group 1: Historical Context - Qiqihar was a significant industrial base during the early years of New China, contributing to national industrialization through key projects supported by the Soviet Union [1]. - The city was home to major industrial facilities, including heavy machinery and steel plants, which played a crucial role in supplying materials for the country's development [1]. Group 2: Economic Challenges - The Northeast region, including Qiqihar, has faced economic difficulties due to outdated equipment, management issues, and increased market competition, leading to widespread layoffs and a decline in industrial activity [2]. - The once-thriving industrial landscape has become overshadowed by a sense of loss and economic despair, affecting the livelihoods of many families [2]. Group 3: Reform and Revitalization - Central government policies have emphasized the need for revitalization in Northeast China, with Qiqihar serving as a model for successful transformation through self-reform and innovation [2]. - Companies like China First Heavy Industries (中国一重) and Beiman Special Steel have undergone significant changes, shifting from traditional manufacturing to innovative practices, thereby enhancing their market positions [2][4]. Group 4: Future Directions - China First Heavy Industries is focusing on an integrated operational model that combines research, production, supply, sales, and service to improve core competitiveness [4]. - The company aims to adapt to changing market demands by embracing digitalization and green technologies, which are essential for its future success [4]. - The ongoing reforms and innovations in Qiqihar's industrial sector reflect a broader trend of transformation across Northeast China, indicating a potential resurgence in the region's industrial capabilities [5].