Harbin Group United University to strengthen the world's advanced equipment manufacturing industry

Under the background of the current international financial crisis, Harbin Measuring and Cutting Tool Group Co., Ltd. (hereinafter referred to as Haliang Group) has become stronger and stronger, and has been integrated into China General Technology Group through restructuring and restructuring, fully relying on national resources to solve its own development problems.
China General Technology Group is one of the 54 key state-owned enterprises directly managed by the central government. It is China's largest major technical equipment and advanced technology introduction service provider. China's most important large-scale and complete equipment export, international engineering contracting and foreign economic and technological cooperation. One of the companies. The Haliang Group is currently a large-scale enterprise group with a long history of production, the largest variety of products and the largest production scale in China's tool manufacturing industry. After more than 50 years of development, it has become a leading enterprise in the industry of measuring tools, cutting tools, precision measuring instruments, CNC tools and CNC machine tools. At the end of the last century, during the transition of the planned economy to the market economy, the Haliang Group was once very difficult due to problems such as the receptor system, mechanism and “triangular debt”. In recent years, through continuous deepening reform and institutional innovation, Haliang Group has first completed the mixed ownership reform of state-owned holdings and employee shareholdings, and through the wholly-owned acquisition of German KELCH company, it has achieved the connection with international high-end technology.

This year, affected by the international financial crisis, the automobile and machine tool manufacturing industries in the entire European market have experienced a significant decline, exceeding 50%. The sales of Haliang Group's products also showed a downward trend. In this regard, Haliang Group, through strategic restructuring with China General Technology Group, leveraged central enterprises to build the world's advanced equipment manufacturing industry and solved the debt problem that plagued the development of enterprises. It is understood that this strategic reorganization adopts a strategic model of “transferring some state-owned shares and then increasing capital and shares by the acquirer”. According to the agreement, China General Technology Group acquired 30 million shares from the city's industrial asset management company at a premium of 33 million yuan. After the equity transfer, China General Technology Group made a unilateral capital increase for Haliang Group, with an additional capital of 280 million yuan. After the capital increase, China General Technology Group Holdings Co., Ltd. holds 51.67% of the shares. In this regard, Wei Hualiang, chairman of Haliang Group, said that the joint restructuring with China General Technology Group will play a positive role in promoting the introduction of advanced technology, exploring international markets and integrating domestic and foreign resources.

After the reorganization, Haliang Group has defined its product development strategy for the next ten years: focusing on the development of high-precision, high-reliability precision measuring instruments, CNC cutting tools, CNC machine tools and key functional components; consolidating and perfecting large quantities and Wide range of conventional measuring instruments, CNC tools and other products; further enhance the market share of traditional cutting tools products. Strive to reach the end of the "Twelfth Five-Year Plan", realize sales income of 4 billion yuan, profits and taxes of 600 million yuan, of which, the proportion of high-end products rose from the current 45% to 70%, to ensure the leading position of the domestic industry, to build the world's advanced equipment manufacturing.

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