In the development process of more than 20 years, the company has always adhered to the development strategy of rejuvenating enterprises through science and technology, quality and brand, and paid attention to brand building and independent intellectual property rights construction. It is a cooperative unit with Peking University, Tsinghua University, China Coal Research Institute, Hebei University of Technology, Hebei University of Science and Technology and other scientific research units and institutions of higher learning. Xinggong Cold Extrusion Equipment Research Institute is a product research and development institution jointly established by the company and Hebei University of Technology, aiming at improving product development ability, upgrading product grade and gradually forming a scientific and technological innovation system combining Industry-University-Research. Fully automatic thread rolling machine has been developed and applied for four patents. At present, the machine has been put into trial production. The company has hired experts and professors from the above institutions for many years to develop new products. The plate bending machine, reducing mill, twisting anchor machine and twisting cold (hot) flattening machine produced by the company are all new patented products independently developed. In 2003, the company passed the ISO900 1 international quality system certification. In 2004, the "Xinggong" plate bending machine won the title of high-quality product in Hebei Province, and in the same year, the "Xinggong" trademark was recognized as "a famous trademark in Hebei Province" by the Hebei Provincial Administration for Industry and Commerce.
The company's products win customers and markets with the perfect combination of high technology and modern technology and superior cost performance. Product sales cover 32 provinces, municipalities and autonomous regions, and the domestic market share is over 45%. Some products are exported to Asia, Europe and other countries and regions.
In order to promote the faster development of Xinggong Machinery, the company plans to build the brand "Xinggong Machinery" into a national famous brand in five years, and at the same time, through introducing new technologies and new products, set up Xinggong Group to form group management. At present, the company is starting to operate "Xinggong Machinery" to be listed on the GEM, and strive to meet the listing requirements within five years. After listing and financing, the assets of the enterprise can reach 5-1100 million. In the future development process, Xinggong Company will continue to strengthen cooperation with colleagues from all walks of life to create a more brilliant tomorrow for the standard parts industry.