Core Viewpoint - The Central Political Bureau of the Communist Party of China emphasizes the importance of technological innovation in leading the development of new productive forces and fostering emerging industries with international competitiveness [1] Group 1: Company Transformation - Harbin Electric Carbon Factory, established during the First Five-Year Plan, faced significant losses and market challenges, particularly in the low-end product sector [3][4] - The company decided to eliminate most low-end product lines and focus on high-end markets such as high-speed rail, wind power, and nuclear power, despite initial revenue declines and customer losses [4] - The factory's commitment to research and development has led to successful innovations, including the development of graphite bearings for nuclear power pumps, filling a domestic gap [4][5] Group 2: Research and Development - The company has a strong emphasis on R&D, with over 20% of its workforce being young researchers, including many from the post-80s and post-90s generations [5][6] - Continuous training and mentorship from experienced technicians are provided to enhance the R&D capabilities of younger engineers [5][6] - The company encourages a culture of exploration and learning from failures, allowing for rapid industrialization of successful products [6]