Jing Ji Ri Bao·2025-11-10 23:04Core Insights - Fulin Precision Engineering Co., Ltd. has evolved into a leading player in the domestic automotive parts sector, focusing on precision hydraulic and electromagnetic drive components, and is set to integrate AI technology into its operations by 2024 [1][2] Innovation Breakthrough - The company has transitioned from imitation to innovation, establishing a research center in 2000 and achieving an annual production capacity of 5 million units by 2003 [2] - Fulin Precision has grown from a small enterprise to a national high-tech company with over 4,000 employees, emphasizing a culture of hard work and excellence [2][3] - In the first eight months of this year, its subsidiary, Sichuan Xinzhi Thermal Control Technology Co., Ltd., achieved a revenue of 450 million yuan, marking a 23% year-on-year increase [2] Business Performance - For the first three quarters of this year, the company's revenue reached 9.085 billion yuan, reflecting a 54.43% year-on-year growth [3] Smart Manufacturing - The company plans to invest 1.196 billion yuan from 2024 to 2026 to enhance its capabilities in high-end and smart manufacturing, aiming to meet the high precision and reliability demands of new energy vehicle components [4] - The production efficiency and capacity in the reducer workshop have improved by approximately 25% after the implementation of three new production lines [4] Technological Advancements - Fulin Precision has developed a variable valve timing (VVT) system, recognized as a "champion product" in the manufacturing sector, and has successfully launched an electric VVT to reduce engine emissions [5] - The company has established partnerships with several universities to enhance its technological capabilities, resulting in 334 authorized patents and 23 software copyrights in the automotive parts sector as of September this year [5] Industry Chain Extension - The company is collaborating with academic institutions to develop intelligent electric joints for robots, which is a strategic move to extend its industrial chain [6] - The technology used in automotive reducers is being adapted for robotic applications, significantly reducing the time required for technical development by about 40% [6] Regional Development - Mianyang city is actively promoting its AI industry, with Fulin Precision positioned as a key player in this initiative, benefiting from local policies and financial support [7] - The company has a procurement budget of approximately 3 billion yuan annually, with about 30% of its suppliers being local, enhancing its influence within the regional industrial ecosystem [7]