Views: 0 Author: Site Editor Publish Time: 2024-07-08 Origin: Site
On June 21, the Ministry of Industry and Information Technology (MIIT) released the "List of 'Little Giants' Enterprises Recommended for Continued Support."
Out of the 1,188 enterprises selected nationwide, 44 are from Fujian Province. As a leading enterprise in China's concrete block forming equipment manufacturing sector, Qunfeng Machinery has been recognized once again.
The MIIT issued the announcement on "Performance Evaluation Results of Financial Support for the High-Quality Development of Specialized, Refined, and New Small and Medium Enterprises (First Batch, Second Year; Second Batch, Second Year; and Third Batch, First Year)" (Source: MIIT)
Qunfeng Machinery was listed in the MIIT's "List of 'Little Giants' Enterprises Recommended for Continued Support" (Source: MIIT)
The list is jointly evaluated by the Economic Construction Department of the Ministry of Finance and the China Small and Medium Enterprise Bureau. It includes performance evaluations of three batches of "Little Giants" enterprises, released after local self-evaluations, expert reviews, and other processes. Enterprises on the list not only need to have been previously selected as "Little Giants" but must also continue to meet MIIT's high standards for specialization, refinement, and innovation, earning it the nickname of the "National Select" list within the industry.
"Little Giants" are high-growth enterprises recognized by the state for their high technical content and innovation capabilities. The selection criteria are stringent, requiring compliance with six aspects: specialization, refinement, uniqueness, innovation, chain, and brand. For example, "Little Giants" must have engaged in a specific niche market for over three years, with main business income accounting for at least 70% of total revenue, an average main business income growth rate of at least 5% over the past two years, and an asset-liability ratio not exceeding 70%. The main products must hold at least a 10% market share in the national niche market, with high recognition and influence.
Additionally, "Little Giants" must meet strict R&D expenditure requirements, such as establishing or collaborating with higher education institutions and research institutes to create R&D institutions, setting up technical research institutes, enterprise technology centers, engineering centers, academician workstations, and postdoctoral workstations.
In July 2021, the MIIT announced the third batch of "Little Giants" enterprises. Qunfeng Machinery, with its outstanding innovation capabilities and brand, excelled in specialization, economic efficiency, and management, earning the title of a "Little Giant."
Qunfeng Machinery received the third batch "Little Giant" award (Source: Qunfeng)
Being selected again means that the MIIT's recommendation process for supporting "Little Giants" is more rigorous, imposing higher requirements on innovation capabilities, main business income, and R&D expenditure. Qunfeng Machinery has always valued technological innovation, operating two major research institutes and collaborating with notable universities and research institutions. The company invests more than 5% of its main business revenue annually in the R&D of new products, technologies, and processes.
Qunfeng R＆D team(source:Qunfeng)
High R&D investment results in advanced research and production capabilities. As a leader in technology, Qunfeng Machinery focuses on long-term development strategies, prioritizing new technologies and products. The company has developed pioneering products like the Qunfeng concrete products forming machine and multi-functional imitation stone brick forming machine, holding hundreds of patents and participating in the drafting and revision of nearly 40 national and industry standards.
Qunfeng hosted the expert review meeting for the industry standard project "General Technical Requirements for Automatic Block Production Lines" (Source: Qunfeng)
Qunfeng 215000㎡ production base(source:Qunfeng)
While focusing on its production operations, Qunfeng Machinery also emphasizes the research and exploration of electromechanical automation technology equipment, creating a digital, agile, and automated smart factory. This supports industrial upgrading and technological innovation, aligning its manufacturing processes with international standards. The production base houses over 300 advanced production equipment, including CNC machining centers, fully automatic heat treatment production lines, fiber cutting machines, CNC gantry machining centers, shot blasting machines, and coordinate measuring arms.
Qunfeng's Digital Production Base（source:Qunfeng）
Strong R&D and production capabilities form the foundation of Qunfeng Machinery's global strategy. Qunfeng is dedicated to expanding its international market presence, providing high-quality construction material machinery and services to global clients. Currently, Qunfeng's products cover six continents, with numerous overseas service stations, serving nearly 10,000 users in 112 countries and regions.
Driven by its global strategy, Qunfeng has consolidated its market influence and ventured into new market frontiers. In recent years, Qunfeng established a branch in Russia, deepening collaborations with local clients, participating in major exhibitions across Russia and the CIS region, and accelerating its market activities there. This initiative has improved service response times and quality while enhancing Qunfeng's competitiveness in the Russian market.
Qunfeng's Russian branch headquarters (Source: Qunfeng)
Qunfeng's booth at the Russian Engineering Machinery Exhibition (Source: Qunfeng)
Qunfeng's inclusion in the MIIT's "List of 'Little Giants' Enterprises Recommended for Continued Support" is a testament to its achievements in technological innovation, industrial promotion, and independent intellectual property. It signifies Qunfeng's entry into a new phase of innovative development. Moving forward, Qunfeng Machinery will continue to leverage its product advantages, increase R&D investments, strengthen innovation capabilities, and promote its specialized, refined, and innovative development, fulfilling its role as a leading enterprise in China's construction material machinery sector.
