Guangzhou Forging Factory I Co., Ltd. is the largest free forging high-tech enterprise in South China, with an annual output of 40 000 tons of forgings. In recent years, relying on the professional advantages and R & D strength accumulated in the forging field, the company has accelerated its entry into the middle and high-end forging market. From January to July this year, the number of new contracts for rail transit, marine engineering and other products increased by 30% year-on-year.

Guangzhou Forging Factory I Co., Ltd. was founded in 1965. After 57 years of development, it has the material foundation and technical support ability to research, develop and produce medium and high-end forgings. It has achieved breakthroughs in nearly 10 medium and high-end industries, including marine stainless steel, shield machinery, water conservancy projects, wind power towers, rail transit, clean energy, new die steel and more than 100 products. Among them, the production processes of motor car drive gear materials and offshore oil drilling platform leg materials have been applied domestically, successfully breaking the technological monopoly of foreign companies; The three-way pipe fittings for nuclear power stations, cutter heads for shield machines, and large gears for ship lift of hydropower stations have formed mature processes and been quantitatively produced.

From January to July this year, the order volume of rail transit forgings such as transmission gear blanks and marine and marine forgings such as pile leg semicircular plates, climbing gears and planetary carriers of offshore wind power installation ships increased by 30% year-on-year. In addition, the market share of transmission gear blanks and forgings has been continuously increased, accounting for 35% of the domestic market segments, ranking in the forefront of the industry.

Thanks to the good orders in the middle and high-end forging Market, the company's revenue and profit maintained a steady growth. As of July, the operating revenue had completed 82.07% of the annual target, with a year-on-year increase of 14.7%; The consolidated profit achieved 61.13% of the annual target, with a year-on-year increase of 7.05%.

In recent years, the Guangzhou Forging Factory I Co., Ltd has unswervingly taken the road of transformation and upgrading of traditional manufacturing industry, and promoted products, technologies and processes to reach higher levels and standards with innovation as the guide. From January to July this year, R & D investment increased by 14.7% year-on-year, showing a gratifying performance in technological innovation and product upgrading.

In terms of technological innovation, we independently developed forging production technologies such as semi-circular plate forgings, water pump forgings, powder metallurgy forgings, and shield machine blade forgings; Cooperate with new energy technology company to research and develop high-speed energy storage flywheel rotor shell forgings, and successfully replace traditional materials in the series of forgings of offshore wind power installation platform, greatly reducing production costs and improving market competitiveness.

In terms of product upgrading, 6 R & D projects have been carried out, of which 2 have been successfully mass-produced, 4 have completed process tests, and have entered the stage of small batch trial production. Among them, the impact performance of the new die material H13 module forging is more than 320j, which can be comparable to the performance of similar international forging products.