On July 26, the fifth anniversary Summit of the “New Innovation Driving Quality Leading the Future” 2024 Science and Technology Innovation Board was successfully held in Shanghai. Sponsored by the Shanghai Investment Promotion Service Center and the Science and Technology Board Daily, the conference invited government representatives, regulators, executives of leading enterprises listed on the Science and Technology Board, securities brokerages and investment institutions to conduct forward-looking dialogues and exchanges on key issues such as policy, strategy, scientific and technological innovation and industrial development, and jointly contribute to the sustained prosperity and development of China’s science and technology innovation.

2711P-K4M20A The conference officially released the results of “the 5th anniversary of the opening of the Science and Technology Board”, Zhongkong Technology won the “2024 most valuable Science and Technology Board listed company”, and Zhongkong Technology Vice President, Chief Financial officer and Secretary Fang Yongsheng won the “2024 Science and Technology Board Listed Company Best Secretary”, fully reflecting the company’s strong market competitiveness. And the capital market’s high recognition of the company’s future development potential.

At the event, Fang Yongsheng was invited to attend the high-end dialogue session of the forum, and conducted in-depth discussions and exchanges with industry leaders around “Dialogue high-end manufacturing: Calling AI in the wave”.

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Scientific and technological innovation is the core driving force for the development of manufacturing industry

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Fang Yongsheng said, “Scientific and technological innovation is the core driving force for the development of manufacturing. China Control Technology has been deeply engaged in the field of industrial control for more than 30 years, and has always adhered to independent research and development, continuously maintained a high level of research and development investment, and developed the company’s products from a single automatic control system to a number of automatic control systems including DCS, SIS and PLC, as well as a complete product spectrum covering independent research and development of industrial software, high-end industrial instruments and meters. In 2023, the company’s R&D investment was 908 million yuan, accounting for 10.53% of the operating income, and the compound growth rate of R&D investment in the past three years was 35.17%. At the same time, the company maintains close cooperation with universities and research institutions to jointly carry out cutting-edge technology research, accelerate the industrial application of scientific and technological achievements, continue to maintain the advanced nature of technology, and provide leading technology products/solutions and high-quality services for manufacturing enterprises.”

2711P-K4M20A With the rapid development of artificial intelligence, the new generation of information technologies such as industrial Internet, big data and artificial intelligence will become the engine to promote the digital transformation and intelligent upgrading of manufacturing enterprises. Fang Yongsheng introduced, “Central control technology will also follow a new wave of technological innovation, focus on the research and development and application of industrial AI technology, and strive to create a key breakthrough to support the rapid development of the company, at the same time, with the leading industrial AI technology to enable manufacturing enterprises to fully realize automation, digitalization and intelligent development.”