On the evening of March 18, the award ceremony for Weifang's major achievements of the 12th Five-Year Plan period was held in the studio hall of Weifang Television. Our project "Key Technologies and Engineering Application of High-Pressure Turbocharging over the Full Operating Range of Internal Combustion Engines" was selected as one of the "Top Ten Scientific and Technological Innovation Achievements", and Pan Qiang, Vice Mayor of Weifang, presented the award to our company.
The five years of the 12th Five-Year Plan were an extraordinary period in the company's development.
During the 12th Five-Year Plan period, facing severe tests in the market, our company concentrated on product innovation, increased its research investment and set up a provincial enterprise technology center, achieving a major advance in its level of technology. The project led by the company, "Key Technologies and Engineering Application of High-Pressure Turbocharging over the Full Operating Range of Internal Combustion Engines", won the Second Prize of the National Science and Technology Progress Award, and the technical performance of several independently developed products is at the leading level in China.
During the same period, the company increased its investment in production equipment and brought in a number of the world's most advanced machines, raising its manufacturing capability to a new level. Keeping pace with the market, the company developed and produced more than 300 turbocharger variants in 25 series with compressor wheel diameters from Φ29 mm to Φ220 mm, for turbocharged diesel, gasoline, natural gas and coal-gas engines from 30 to 2,400 kW. The products are widely used in trucks, cars, buses, ships, petroleum machinery, agricultural machinery, construction machinery, generator sets, military equipment and other fields, making the company the turbocharger manufacturer with the broadest product coverage and widest range of applications in China.
This year is the first year of the 13th Five-Year Plan. Our company has carefully analyzed and fully understood the new national policies of the 13th Five-Year Plan and positioned itself accurately. We will continue to deepen independent innovation and concentrate on improving quality and efficiency, with greater emphasis on innovation-driven development, open cooperation, taking the initiative and the lead, becoming stronger and better, and shared success. We will comprehensively strengthen the company's vitality, control, influence and resilience to risk, and take the company's business to a new stage of development.
