Core Insights - Dalian Yaming Automotive Parts Co., Ltd. has undergone a significant transformation from traditional manufacturing to smart manufacturing, with 70% of its sales now coming from new energy vehicle components [1][2] - The company has invested 222 million yuan in upgrading equipment and building smart factories, showcasing its commitment to digital transformation [1][4] Group 1: Digital Transformation - The implementation of 5G technology and industrial internet has allowed Yaming to achieve real-time data connectivity and automation, transforming its production process from a "black box" to a "glass house" [2][3] - The workforce has been reduced to fewer than 50 people, while over 1,300 processing and testing devices operate 24/7, highlighting the efficiency gained through automation [1][2] Group 2: Innovation and R&D - Yaming invests over 5% of its annual revenue in R&D, holding more than 100 core patents, which is crucial for maintaining competitiveness in the market [3] - The development cycle for new products has been significantly reduced from around six months to as short as 15 days, enabling quicker adaptation to market demands [3] Group 3: Economic Impact - The company's revenue has increased from less than 200 million yuan in 2020 to over 400 million yuan projected for 2024, supported by government funding exceeding 50 million yuan [4] - Yaming has also created a subsidiary, Dalian Zhuyun Intelligent Manufacturing Co., which has generated over 10 million yuan in income from technology and intellectual property output [4]

Core Insights - Dalian Yaming Automotive Parts Co., Ltd. is investing 222 million yuan in equipment upgrades and smart factory construction to leverage policy benefits and enhance innovation and smart manufacturing capabilities [1][4]. Group 1: Smart Manufacturing - The company has transformed into a national-level smart manufacturing demonstration factory, achieving interconnectivity and automation in production equipment, significantly improving production efficiency and product quality [2]. - The implementation of digital twin technology has reduced the product development cycle from approximately six months to as short as 15 days, allowing for better adaptation to rapid industry product iterations [2]. Group 2: Innovation and Market Shift - Dalian Yaming has shifted its focus from primarily fuel vehicle components to electric vehicle parts, with sales of new energy vehicle components now accounting for about 70% of total sales, and domestic market sales also representing over 70% [3]. - The company's annual revenue has increased from less than 200 million yuan in 2020 to over 400 million yuan projected for 2024, driven by a commitment to innovation rather than price competition [3]. - The successful mass production of the refrigerant flow channel plate, a key component for enhancing electric vehicle range, was achieved after four years of development, resulting in over a 20% increase in vehicle range when integrated with the company's thermal management system [3]. Group 3: Government Support and Economic Impact - Dalian Yaming has received over 50 million yuan in national and local subsidies for smart manufacturing initiatives, highlighting the supportive policy environment for private enterprises [4]. - The company’s growth reflects broader efforts in Liaoning province to boost private sector confidence, with private enterprises constituting over 96% of the province's business entities and contributing more than half of the tax revenue [4].