In recent years, Zhejiang Chaoda Valve Group Co., Ltd. has increased investment in the transformation of scientific and technological achievements, and has achieved gratifying results. According to statistics, in the past three years, Chaoda Group has invested nearly 52 million yuan in scientific and technological achievements, successfully transformed 29 scientific and technological achievements, and obtained 74 patents, of which 6 were invention patents and 4 were listed in the National Torch Plan. 2 items have won national key new products. New technologies allow companies to increase their sales revenue by more than 600 million yuan.

Chaoda is the leading company in Wenzhou valve industry. A few years ago, when the domestic general valve market gradually became saturated, the company started to develop high-tech products, especially high value-added imported valve replacement products, such as "high-parameter special wear-resistant series ball valve". Today, this type of valve has been adopted by the Shenhua Group's world's first 1 million-tonne "coal oil" project.

According to Qiu Xiaolai, chief engineer of Chaoda Valve Group, the "high-parameter special wear-resistant series ball valve" originally used in this project was imported, not only because of high prices but also to wait for a long time. As a result, Shenhua Group decided in 2011 to try the domestic "high-parameter special wear-resistant series ball valve." The Chaoda Valve Group, which has already begun to develop "high-parametric special wear-resistant series ball valves," seized the opportunity. Because of its excellent quality, it quickly obtained Shenhua Group's orders and successfully converted this technological achievement into productivity.

According to statistics, Chaoda Valve Group has invested 10 million yuan in research and development of "high-parameter special wear-resistant series ball valve" and applied for 49 patents. After the successful development of the new series of products, it was recognized by the high-end market and became an alternative product to imported valves, allowing the company to accumulatively increase production value by 358 million yuan, increase sales revenue by 349.7 million yuan, and increase profits by 30.55 million yuan. In the first half of this year, this series of products has brought about 100 million yuan in sales to the company.

In addition, Chaoda invested in research and development of "large diameter leak-free bellows valve" has also brought 50 million yuan in sales for the company. Sinopec has a large-scale oil refinery in Zhenhai. Its supporting “large-diameter non-external leaking bellows valve” was originally imported. However, due to the high-temperature and high-pressure working conditions in the refinery, each imported valve worth more than 1 million yuan will have to be replaced or repaired every few months. In 2011, Chaoda Group successfully developed a similar "large-diameter non-external leakage bellows valve" through scientific and technological transformation, and replaced the imported valve equipment to the Zhenhai Refinery. Today, these products are still operating normally.

"It is precisely because we have always attached importance to the transformation of scientific and technological achievements and the research and development of new products. The Chaoda Group has continued to develop a great deal of ambition under the economic backdrop of weak domestic and international markets." Qiu Xiaolai told reporters last year, Chao Da Group completed sales revenue of 480 million yuan. Yuan, an increase of 30% over the previous year, Chao Da Group's orders have reached more than 400 million yuan this year, and production has been scheduled for September.

Innovation Needs Effectiveness Whether it is the transformation and upgrading of China's industries or the creation of a big country to a manufacturing power, “innovation” is an “keyword” that cannot be avoided.

The word “innovation” means that industrial entrepreneurs not only know but also know how to do it. However, the Wenzhou traditional industries that have really called for “innovation” and industrial transformation and upgrading for so many years are still stuck in the “homogeneous” and “prices”. In the war?

Qiu Xiao, Chief Engineer of Chaoda Group, said that innovation requires investment and it is risky to fail. Modern enterprise innovation requires a strategic vision, but also requires courage. "Before fearing the tiger and being afraid of the wolf," there can be no "innovation."

Wang Dazhou, the head of Chaoda Group, has such courage. As early as seven or eight years ago, after discovering that the ordinary valve market gradually became saturated and the market competition became increasingly fierce, Wang Hanzhou did not hesitate to set up a research and development team, investing a lot of money each year to research and develop new products, and to enter import valve replacement products. This won victory in the supply competition of the later "Silicon Oil" project of Shenhua Group. In the words of Wang Hanzhou, it means that new product development must be done first, because the market does not wait for products.

In the past few years, Chaoda Group had just invested in research and development of new products, and saw all the inputs, but no output. It had been the same as the farmers' farming, and waited for results after completing the work of sowing. Now, three years have passed, they have successfully transformed 29 technology projects and achieved satisfactory performance with new output value exceeding RMB 600 million.

In addition to Wang Hanzhou, there are many such entrepreneurs in Wenzhou.

Li Xiaoteng, the founder of Flying Branch razor, spent a few years in the company and spent a lot of money to advertise in CCTV and innovate brands. As a result, Feike became the “first brand” of Chinese razors. Zhang Yong, chairman of Huahai Seals, did not buy a house, but invested a large amount of funds in technological innovation and equipment renewal. As a result, Huahai became the largest valve accessory company in Wenzhou.

As Qiu Xiaolai said, the transformation and upgrading of traditional industries in Wenzhou require more entrepreneurs, more investment, and bold innovation. Even if it fails, "no regrets", because only standing tall can see far.