The high-end equipment manufacturing industry is the foundation of a strong country, providing important support for accelerating the development of new quality productive forces, implementing the strategy of making China a strong country by manufacturing, and building a modern industrial system. In recent years, China’s high-end equipment manufacturing industry has continuously exported advanced productivity, empowered thousands of industries with “new”, and promoted China’s industrial manufacturing to “new”.

REF601 At present, there are more than 120 listed companies in the high-end equipment manufacturing industry of the Science and Technology Innovation board, with a total market value of more than 1 trillion yuan, covering many important industrial chains and production links such as aerospace, new energy vehicles, industrial robots, industrial machines, laser processing, bringing together leading enterprises in various segments and “hidden champions”, and advanced manufacturing clusters have initially emerged.

R&d and innovation lay a solid foundation for development

The high-end equipment manufacturing industry is at the high-end of the value chain and the core link of the industrial chain, and its development cannot be separated from the guidance of high-tech. R&d and innovation is the driving force for the development and REF601 growth of new quality productivity in manufacturing and the continuous transformation and upgrading of industry.

REF601

Data show that the research and development investment of high-end equipment manufacturing companies continued to remain high, in the first three quarters of 2023, the research and development expenditure of industry companies totaled 16.447 billion yuan, an increase of 16.60%, and the proportion of research and development expenditure in operating income was 7.89%. R&d and innovation led to the growth of performance, CNC machine tools, lasers, intelligent testing and other subsectors operated steadily, and net profit increased by 10%, 8% and 4%, respectively.

Driven by the continuous increase in research and development investment, innovation results continue to emerge, and a series of important technological breakthroughs have been made.

For example, in June 2023, Time Electric provided IGBT REF601 hydrogen production power for the country’s first 10,000-ton new energy hydrogen production project, which can make large-scale hydrogen production more friendly to the grid, and the system’s comprehensive conversion efficiency is higher, which has a leading demonstration role in the technological development of domestic hydrogen power generation. For example, in November of the same year, the domestic “Wing loong 2” independently developed by AVIC UAV was unveiled and performed a flight show. After more than ten years of development, the domestic “wing Loong” series UAV products have formed a lineage.