"For more than 30 years, we have always insisted on innovation." Shi Jianwei, chairman of the board of Nanfang bearing, said in an exclusive interview with China Securities News recently that in the domestic needle roller bearing industry, Nanfang bearing entered the world-famous auto parts global procurement system earlier. The company attaches importance to innovation, R & D and industrial investment.


in 2020, Nanfang bearing will increase its capital to hold a chip design company in Shanghai with its own capital of 60 million yuan. The business of the company will leap from bearing manufacturing industry to integrated circuit industry. Shi Jianwei said that the cross-border investment may become a new performance growth point of Southern bearing, and the enterprise will realize two wheel drive development.


industry leader


Shi Jianwei introduced to China Securities Journal that he started from scratch and founded Nanfang bearing. The company has grown up in the spring breeze of reform and opening up.


Shi Jianwei was born in 1958. Before he started his business, he worked in a bearing enterprise for 9 years. He worked as a workshop director and worked in production, technology and manufacturing departments. His working experience is the beginning of his bearing career. In 1988, Shi Jianwei started his business in a "small workshop" with dozens of square meters.


no capital, no technology and no market are the difficulties Shi Jianwei faced in the early stage of his entrepreneurship, so he attached great importance to talent introduction and technological innovation. In 1992, the company introduced a retired engineer of bearing industry who graduated from Tsinghua University. Relying on this engineer, the company gradually developed. In 1998, Nanfang bearings made a large investment in equipment upgrading and hiring industry experts“ At that time, it cost 500000 pounds to introduce equipment, and 400000 yuan to introduce a person who specialized in debugging equipment. " Shi Jianwei said.


Southern bearing was listed in 2011. At that time, Nanfang bearing was one of the largest production enterprises in the field of needle roller bearing and overrunning clutch in China.


the company said in its 2020 annual report that it has long-term stable high-end customer resources, which is the concentrated embodiment of the company's comprehensive competitive advantage. The company continues to maintain a stable strategic cooperative relationship with international well-known auto parts manufacturers Valeo, Bosch, Magna, Japan Denso, as well as domestic well-known motorcycle manufacturers Dachangjiang, Wuyang Honda and new continent Honda. Among them, the one-way pulley assembly, one of the company's high-tech products, has been recognized by the world's first-class auto parts manufacturers, and has entered the global procurement system, with steady growth in sales during the reporting period.


from 2015 to 2020, the revenue of Nanfang bearing will maintain a steady growth, the operating revenue will be 302 million yuan, 320 million yuan, 389 million yuan, 393 million yuan, 407 million yuan and 466 million yuan respectively, and the net profit attributable to the parent company will be 65 million yuan, 72 million yuan, 78 million yuan, 90 million yuan, 42 million yuan and 393 million yuan respectively.


Expand new growth points


how to adapt to the market, how to retain talents and how to maintain the leading position in the industry are the challenges in the development process of Southern bearing. Shi Jianwei believes that innovation and investment are the main ways to solve the problem. Enterprises should pay attention to independent innovation, increase R & D investment, and keep the market forward-looking and product leading.


in 2020, the R & D investment of Nanfang bearing will total 26.0767 million yuan, accounting for 5.60% of the operating revenue. Focusing on product structure design, process and technology improvement, formula optimization and other aspects, the company focuses on the R & D of thrust needle roller bearing for automotive torque converter, caliper piston for EPB automotive braking system, automotive torque converter clutch, southern oap-120 for automotive generator, multi-mode clutch for hybrid transmission and other projects, In order to meet the design and application requirements of precision needle roller bearing and automotive alternator pulley assembly in China.


in 2020, Nanfang bearing will increase its capital with its own capital of 60 million yuan to hold Shanghai Zhencheng. Shanghai Zhencheng is a professional fabless integrated circuit design company, focusing on Intelligent Internet of things and intelligent audio wireless connection technology. It has rich accumulation and a considerable number of technical patents in wireless radio frequency technology, Bluetooth SoC technology, intelligent voice AI technology and noise reduction technology, and has a strong R & D team. The products of Shanghai Zhencheng are widely used in TWS earphones, smart home appliances, health care products and other fields. In 2020, the sales revenue of Shanghai Zhencheng will reach more than 26 million yuan.


Shi Jianwei said that integrated circuits are widely used in fields such as communications, consumer electronics and automobiles. Cooperation between southern bearing and Shanghai Shenzhen has promoted complementary advantages. The chip for wireless Bluetooth has the advantages of noise reduction, low power consumption and ultra-low delay technology. Diversified development strategy is conducive to expand the company's business scale, optimize the industrial structure, and further enhance the company's profitability.


Shi Jianwei pointed out that based on the bearing industry, the company will enter into high-end manufacturing fields such as automobile and aviation; In the aspect of integrated circuit industry, we will march into the fields of artificial intelligence, information technology, etc., and realize the two wheel drive development of enterprises.


Shi Jianwei said that innovation is of far-reaching significance to the development of enterprises, and it is also the basis for enterprises to enhance their core competitiveness. Southern bearing will continue to increase investment in R & D, attach importance to personnel training, strengthen team building, practice social responsibility, and strive to achieve the development goals during the "14th five year plan"“ As long as you find the direction of the road, you won't be afraid of how long it is! " Shi Jianwei said.


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