On July 16th, the official website of the Beijing Stock Exchange showed that Zhejiang Zhongde Automation Technology Co., LTD. (hereinafter referred to as “Zhongde Technology”) entered the IPO inquiry stage.
Zhongde Technology plans to issue no more than 22.15 million shares in this public offering, raising a total of 190 million yuan. Among this, 80 million yuan will be used for the intelligent actuator construction project, 79.5 million yuan for the control valve technology upgrade and capacity expansion project, and 30 million yuan for supplementing working capital.
Zhongde Technology mainly engages in the research and development, production and sales of industrial control valves and industrial automation control systems. Its products mainly include ball valves, gate valves, butterfly valves, control valves and actuators, etc., which are widely used in petrochemical, natural gas, coal chemical and other fields. The company is in the industrial control valve industry. Industrial valves are an important component of industrial equipment. Industrial valves mainly refer to devices that control the flow rate, pressure and direction of fluids by changing the size of their flow passage area. They are control components in fluid conveying systems, and their functions include opening and closing, regulating, throttling, etc.
As a national key “Little Giant” enterprise specializing in niche markets, Zhongde Technology Co., Ltd. has established a significant competitive edge in the field of petrochemical control valves by virtue of its profound technological accumulation and outstanding product quality. The company has always adhered to technological innovation as its driving force and customer demands as its orientation. After years of development, it has grown into a leading provider of high-end control valve solutions in China.
Since its establishment, Zhongde Technology has regarded technological innovation as the core driving force for its development. The company has been successively recognized as a National intellectual property advantage enterprise, a provincial enterprise research institute and a provincial high-tech enterprise R&D center. These qualification certifications fully demonstrate the company’s outstanding performance in technological innovation. Through continuous investment in research and development, the company has developed a number of core technologies, including high-temperature wear-resistant technology, high-pressure self-sealing technology, and ultra-low temperature sealing technology. These technological breakthroughs enable the products to meet the strict requirements under extreme working conditions.
The high-temperature wear-resistant ball valve developed by Zhongde Technology can operate stably in a high-temperature environment of 850℃. The high-pressure gate valve can withstand an ultra-high pressure of 42MPa, and the ultra-low temperature ball valve can work normally in an extremely low temperature of -196℃. These technological breakthroughs not only filled domestic gaps but also reached international advanced levels. As of the date of signing the prospectus, the company and its subsidiaries have a total of 123 patents, including 40 invention patents, and have also obtained 47 computer software Copyrights. In addition, the company has also actively participated in the formulation of industry standards, contributing to the compilation of 12 national standards and 1 industry standard, demonstrating its influence in the industry.
In the product manufacturing process, Zhongde Technology has established a complete quality control system. The company has introduced a complete set of advanced inspection and testing equipment, and is capable of independently completing multiple inspection procedures such as non-destructive testing, spectral analysis, and material identification. Through the in-depth application of ERP systems and MES systems, the entire production process has achieved information-based management and quality traceability. The application of three-dimensional warehouses and industrial robots not only enhances the efficiency of material management but also ensures the consistency of processing accuracy.
The company has successively passed multiple certifications such as ISO quality management system and environmental management system, and its products have obtained international authoritative certifications such as API-6D and API-600. These certifications not only prove the outstanding quality of the products, but also provide strong support for the company to expand into the international market. Zhongde Technology has also obtained the “Special Equipment Production License of the People’s Republic of China”. This qualification requires the enterprise to have a professional technical team, a complete quality assurance system and a sound safety management system, further verifying the company’s manufacturing strength.
As an important basic industry of the national economy, the petrochemical industry has extremely high requirements for the performance and quality of control valve products. With its professional technical strength and rich industry experience, Zhongde Technology has successfully entered the supply chain systems of large petrochemical enterprises such as China National Petroleum Corporation, China Petroleum & Chemical Corporation, and China National Offshore Oil Corporation, and has maintained the qualification of a qualified supplier for more than ten consecutive years. This achievement was hard-won because the petrochemical industry has extremely strict assessment standards for suppliers. It not only requires strong R&D capabilities and a complete quality system, but also places great emphasis on the practical application performance of products.
The company’s in-depth cultivation in the petrochemical industry has enabled it to have a profound understanding of customer needs. In response to the special needs of customers, the company can respond promptly, providing professional selection suggestions and customized solutions. This professional service capability not only consolifies the cooperative relationship with existing customers but also lays a solid foundation for exploring new markets.
Zhongde Technology is located in Zhejiang Province, in the core area of the Yangtze River Delta. This geographical advantage offers multiple benefits for the company’s development: Firstly, the well-developed industrial supporting system in the Yangtze River Delta region enables the company to conveniently obtain high-quality raw materials and components. Secondly, the abundant human resources within the region provide intellectual support for technological innovation. Secondly, the well-developed transportation network has greatly enhanced logistics efficiency.
Zhejiang Province has listed high-end control valves as a key development area during the 14th Five-Year Plan period and has introduced a series of supportive policies. Zhongde Technology actively seizes policy opportunities, continuously increases investment in research and development, and promotes the development of products towards high-end and intelligent directions. The regional industrial cluster effect has also brought more cooperation opportunities to the company, promoting technological innovation and industrial upgrading.
Zhongde Technology has established a marketing and service network covering the whole country, and more than ten sales and service regions are equipped with professional technical support teams. The company adopts a direct sales model, with experienced sales personnel directly connecting with customers to ensure a timely response to all kinds of demands. In view of the particularity of the petrochemical industry, all sales personnel of the company have received professional training and possess solid technical knowledge, capable of providing customers with professional selection suggestions.
The company’s service system covers the entire process from pre-sale, in-sale to after-sale. During the pre-sale stage, technicians will assist customers in project planning and system analysis. During the mid-sale stage, the customer service team follows up on the order execution throughout the process. During the after-sales stage, professional maintenance and upkeep training is provided. This all-round service model has significantly enhanced customer satisfaction and also earned the company a good market reputation.
Looking ahead, Zhongde Technology will continue to adhere to the innovation-driven development strategy. On the one hand, the company will intensify technological research and development in the field of control valves for extreme working conditions, and break through more “bottleneck” technologies. On the other hand, efforts will be made to actively promote the upgrading of intelligent manufacturing to enhance production efficiency and the stability of product quality. Meanwhile, the company will also deepen its international layout, enabling more high-end control valves made in China to go global.
Under the backdrop of the “dual carbon” goals and industrial upgrading, the demand for high-performance control valves in the petrochemical industry will continue to grow. With its technological, quality and professional service advantages, Zhongde Technology is bound to achieve greater development in this process and make greater contributions to the progress of China’s high-end equipment manufacturing industry.
