Insist on Independent Innovation and Enhance Development Strength

Jiangsu XX Construction Machinery Group Co., Ltd. is one of the leading enterprises in China's competitive construction machinery industry. In the 20 years since its establishment, the group's operating income has gone from 3.X 0.6 billion yuan in 19XX to 40.8 billion yuan in 2008, while its export earnings have gone from US $8.03 million to more than US $0.8 billion. Its sales have been firmly ranked first in the domestic construction machinery industry. In the past three years, the scale of the group has continuously stepped up to 20 billion yuan, 30 billion yuan and 40 billion yuan, achieving a three-year "triple jump". In the recently announced ranking of the top 500 Chinese enterprises in 2009, XX Group ranked XX1, up 1X7 places from the previous year.
XX Group Chairman XX said that the company has always adhered to the road of independent innovation. Through continuous technological innovation and management innovation, it has today's glory and can move towards the world.
Independent innovation to increase strength


On September 28, the QAY500 all-terrain crane independently developed by XX Group, together with the other two cranes, successfully hoisted the 480-ton shipyard with gantry crane beam in place at the shipyard base of Hubei Haimingxing Group. According to reports, this QAY500 all-terrain crane has completely independent intellectual property rights, the technology is synchronized with the world's advanced level, and the maximum lifting weight can reach 500 tons.
XX said that XX Group has always been committed to creating brand-name products with independent intellectual property rights, relying on technological innovation to achieve rapid development in the highly competitive construction machinery industry. According to statistics, XX Group uses 5% of its annual sales revenue for scientific research and development. This year, the proportion of research and development expenses has also increased to 6% of sales revenue. The XX technology center established by it ranks X5 among 437 national technology centers, ranking first in XX province. In January this year, XX Group invested another 0.434 billion yuan to build Jiangsu (XX) Construction Machinery Research Institute.
XX Group also strengthen the training and reserve of talents. It has carried out various forms of industry-university-research integration with Tsinghua University, Southeast University, Jilin University and other institutions of higher learning and scientific research institutes to build an integrated innovation system integrating R & D technology, process technology, standard technology, information technology and management technology. The group established the first post-doctoral workstation in the same industry, and 9 post-doctoral students entered the station to work. At present, more than 5000 scientific and technological talents are working in XX's scientific research posts, including 150 chief designers with master's degree or above who can lead the team to undertake scientific research tasks.
According to reports, XX Group has 369 authorized patents, and a total of 7 achievements have won the China Machinery Industry Science and Technology Progress Award. Among them, the independent research and development of RP1250 asphalt concrete paver, QAY25 all ground crane, XX all ground crane industry core technology research and industrialization of three projects won the first prize of the award.
 

Management innovation adds vitality


XX Group also vigorously reform the management system and methods. Since 2000, the group has carried out a series of property rights system reforms for its subordinate small and medium-sized enterprises and operating entities through the "separation of main and auxiliary", and completed the reform and restructuring of 56 small and medium-sized enterprises. Through the lean main business, the core business of construction machinery and special vehicles has been significantly strengthened and improved.
Since 2007, after more than a year of diagnosis, consultation, adjustment and structure, XX Group has made significant progress in the construction of its management and control system and overall platform. In 2008, XX Group broke through the bottleneck of restructuring that had been plagued for many years and established the development path of state-owned holding, building its own brand and building a new listed financing development platform. On June 23 this year, XX Group's asset restructuring and listing was approved by the China Securities Regulatory Commission. After the overall listing of the "XX machinery" with its size and performance to become the first blue chip construction machinery listed companies. This marks the XX Group successfully built a capital market platform.
In addition, XX Group has also vigorously promoted the information project named "4321. XXX, director of the group's information and management department, said that "4" refers to the four major business areas of finance and management, research and development and manufacturing, procurement and logistics, sales and after-sales. "3" is the three core enterprises of XX Group. "2" is to realize the two-wheel drive of management and information; 1 is a goal to be implemented within one year. The project has invested 0.1 billion yuan. The smooth launch of the project has brought significant changes to the group. The headquarters of XX Group has effectively controlled the funds. It used to take 10 days to settle the accounts every month, but now it only takes 10 hours, and the cost of a single product can be measured. At present, the second phase of the "4321" project has been launched.