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In recent days, the high temperatures of summer have arrived. Yongxin Auto Parts has actively taken various cooling measures to ensure a cool, safe, and comfortable working environment for its employees. Bringing Down the "Heat" in the Workshop. This summer, the assembly workshop has been newly equipped with air conditioning. Upon entering the workshop, one can clearly feel the reduced room temperature, sweeping away the high heat and stuffiness of summer. The good cooling effect keeps the workshop environment temperature around 28 degrees Celsius. In addition, the company arranges personnel to periodically water the tops of various workshops and increase fans to achieve better cooling. This not only provides a more comfortable environment for employees but also improves work efficiency. Moistening Hearts with Coolness. During the high-temperature period, the company regularly distributes heat-preventing and cooling medicines and fees, and also provides free iced mung bean soup, popsicles, watermelon, and other cooling products, truly implementing heat prevention and cooling work in every detail, sending coolness to the employees. The company has always strongly advocated the concept of "people-oriented" and has prepared a variety of heat prevention and cooling items for employees for many years in a row. Leaders at all levels also attach great importance to the heat prevention and cooling work for employees in the summer, taking it as an important task to be done thoroughly and meticulously, to ensure the safety and health of front-line employees.

Departmental Speeches As time swiftly moves towards the mid-point of the year, on July 30th, a day brimming with vitality and hope, the leaders and management of Yongxin Company gathered together to hold the mid-year summary meeting. The meeting commenced with the heads of various departments presenting their work summaries for the first half of the year and their plans for the second half. They reviewed the achievements, with each successful project being a testament to their intelligence and hard work. They also discussed improvements, systematically addressing shortcomings to provide strong support for the upcoming work. Leaders' Speeches Executive Vice President Mr. Zheng Jianjian delivered a speech at the meeting, setting new goals and requirements from aspects such as cost reduction and efficiency improvement, talent management, implementation of the second-half plan, and the initiation of key tasks. He stated that difficulties and hopes coexist, and everyone should follow the established plan to do a good job in the second half of the year. Chairman Mr. Wang Xingde expressed his affirmation and gratitude for the work of all departments at the meeting. He also provided suggestions on various aspects, including the introduction of high-quality talent, improvement of project results, and requirements for production quality. This mid-year meeting reviewed the work of the past six months. We believe that Yongxin will face the long road of manufacturing with even greater determination and innovative thinking, embracing challenges and opportunities with confidence.

Engaging Workshop Leads to Practical Application and Team Recognition At Yongxin, we are committed to maintaining the highest standards of quality and efficiency in all our operations. To further enhance our management team's ability to respond swiftly to challenges and maintain quality control, our System Department recently organized a comprehensive QRQC (Quick Response Quality Control) training session. The training was expertly facilitated by Zhang Qiaojing, a seasoned professional with a wealth of experience in quality management and process improvement. The session was attended by representatives from various management departments within our company, ensuring a cross-functional approach to learning and implementation. The training was designed to not only provide theoretical knowledge but also to engage participants in practical, hands-on exercises. Through interactive workshops, the attendees were able to apply the principles of QRQC to real-world scenarios, simulating various situations that require immediate and effective response. One of the highlights of the training was the QRQC rapid response drill, where participants were divided into teams and tasked with resolving a critical issue using the techniques they had learned. The exercise was both challenging and enlightening, as it allowed our team members to think on their feet and collaborate effectively. The training concluded with a friendly competition among the teams, where they showcased their newly acquired skills. The winning team was not only recognized for their outstanding performance but also rewarded with a prize as a token of appreciation for their efforts. This QRQC training session has proven to be an invaluable experience for our management team, equipping them with the necessary tools to address quality concerns promptly and efficiently. We are confident that the skills and knowledge gained will significantly contribute to our ongoing pursuit of operational excellence.

When once dominant products are mercilessly phased out by the development of the times, and when the development of new products is stuck in technical challenges with new issues emerging one after another... What to do? Ningbo Yongxin Autoparts Manufacturing Co., Ltd. (hereinafter referred to as "Yongxin Autoparts") has responded by insisting that only through leading transformation and upgrading with technological innovation can a company survive and thrive. Located in Ninghai County, Zhejiang Province, Yongxin Autoparts is a company specializing in the research and development of Automatic transmission shifter control systems, suspension parts, and steering parts. Since its establishment, Yongxin Autoparts has adhered to the concept of technology as a guide, continuously increasing R&D investment, enhancing its independent innovation capabilities, striving to create its own brand, and taking a path of high-quality development led by the brand. From January to September of 2023, the company's total output value has exceeded 392 million yuan, a year-on-year increase of 30%. Changing tracks for development At its inception, Yongxin Autoparts mainly produced rubber vulcanization parts. With the development of the times, such products have gradually been phased out. The company, after carefully studying the development trends of the automotive industry, believes that from both market demand and environmental protection perspectives, components with higher technological content have a broad application prospect. "The company, based on the characteristics of the automotive industry, began to focus on the production of more complex and technologically advanced components such as suspension parts, steering parts, and gearshift control systems. Through the development of advanced technologies, the company has continuously improved product performance, striving to create high-quality, safe domestic accessories," said Wang Xingde, the chairman of Yongxin Autoparts. A customer approached Yongxin Autoparts with a request to customize a Ball Joints and linkage type of chassis parts. At that time, there were still relatively few companies manufacturing such products. "Don't be deceived by the simple structure of this part, which is composed of only a ball seat and a Ball Joints, but it is not easy to perfectly replicate the sample provided by the customer," said Hu Gaoqiang, the deputy head of the chassis parts project R&D department of Yongxin Autoparts. On one hand, there are very high requirements for the selection and pre-treatment of materials for the Ball Joint and seat; on the other hand, the product requires extremely high precision in size processing, which must be perfectly fitted to achieve a low torque and durable performance. Since torque and durability are inversely proportional, it requires R&D personnel to continuously experiment to find the optimal solution. To overcome the difficulties, the company cooperated with a well-known enterprise, introducing advanced technologies on the basis of product function development, innovating technological processes, and finally producing a product that satisfied the customer. Continuously improving production technology, expanding application scenarios, and rapidly increasing market orders have made everyone at Yongxin Autoparts busier, and the construction of infrastructure such as factories is also accelerating. At present, the company has six workshops for rubber, injection molding, mechanical processing, electronic dust-free, assembly, and mold processing and maintenance, and has more than 300 sets of production equipment such as automatic mixing systems and automatic spraying production lines. Innovation empowers strength In the Yongxin Autoparts testing center, R&D personnel are conducting performance tests on a product. It is said that the testing center is the main R&D base of Yongxin Autoparts. To build this testing center, Yongxin Autoparts invested more than 30 million yuan, purchased more than 70 sets of test equipment, and strengthened the R&D team to enhance the company's independent innovation capabilities. Currently, the company has more than a hundred R&D personnel, accounting for more than 20% of the total number of employees; R&D investment is nearly 30 million yuan per year, about 5% of the company's annual output value. In 2008, the company's management noticed that Electric transmission shifter have a broad market prospect and began to establish an electronic R&D department. "With the increasing market share of new energy vehicles, the trend of automotive intelligence and automation has become the mainstream direction, and the market potential of Electric transmission shifter is significant," said Guo Haikuan, the deputy head of the institutional project R&D department of Yongxin Autoparts. To develop this product, on the one hand, the company invested nearly 50 million yuan to set up an R&D center in Shanghai, purchase test equipment, recruit high-end talents, and establish an enterprise technology center and a dust-free workshop at the company's headquarters. It also introduced advanced testing instruments and established five environmental laboratories for bench testing, environmental testing, material testing, performance testing, and size testing. On the other hand, it established the entire product industry chain, from raw material selection, equipment introduction to component development, and explored step by step. Hu Gaoqiang said: "In the electronic gear shifter system, there are hardware such as gear levers and sensors, as well as software systems for control chips. How to match software and hardware is a major project. For example, the Electric transmission shifter initially produced by the company were prone to gear failure, that is, they were prone to jump gears, due to improper collection of gear position signals." R&D was not smooth sailing. "R&D personnel, based on the original process parameters collected through repeated verification, transformed and upgraded the equipment, and finally solved the problem," said Hu Gaoqiang. It took 8 years to tackle the technical challenges. Yongxin Autoparts reduced the cost of Electric transmission shifter by 30% by reducing labor costs, improving the industry chain, and finding superior alternative materials, thus opening up new markets. Hardcore quality wins the market Digitalization has become the engine for enterprises to achieve high-quality development. In order to further improve product quality and production efficiency, Yongxin Autoparts has started digital transformation and the construction of a smart factory, equipping the enterprise with a "digital brain". Through the upgrade of "intelligence" manufacturing, it maintains competitiveness. On the automatic assembly production line for Ball Joints parts, mechanical arms are flying up and down, and each assembly module is closely connected. Products are formed and come off the line one after another... The technical personnel of the workshop said that after the workshop was automatically transformed, the number of workers on the production line was reduced from the original 9 to 2, but the production efficiency was improved several times. Zheng Jianjian, the executive deputy general manager of Yongxin Autoparts, said: "The application of automated, intelligent, and professional production equipment not only improves the working environment for workers but also improves work efficiency and stabilizes product quality." With the interconnection of multiple production lines, from order generation to the entry of raw materials into the warehouse, production and manufacturing, and then to storage management and delivery, all process parameters of the production equipment at Yongxin Autoparts are automatically collected and processed, achieving full-process digital control of production monitoring, asset management, and personnel scheduling, as well as traceability of process management and product quality. In addition to excellent product quality, sincere service to customers is also the key to Yongxin Autoparts' market competitiveness. "We have set up offices next to all our customers' factories to connect various links such as product scheduling, production, departure, and transportation. We respond quickly and provide timely feedback to customers to solve their problems," said Wu Nanyong, the deputy general manager of marketing at Yongxin Autoparts. The company also arranges dedicated online service specialists on the customer's production line to solve problems in production in a timely manner. "Strong R&D capabilities, hardcore quality, and meticulous service have made Yongxin Autoparts a first-tier supporting enterprise for mainstream domestic automobile manufacturers," said Wang Xingde, the chairman of the company. In recent years, with the continuous acceleration of product iteration and higher technical requirements, the company has continuously improved production processes, developed new products, accelerated market layout, and strived to enter new fields and seize new tracks by continuously investing in R&D and accumulating long-term technology and process experience, thereby enhancing core competitiveness. (Economic Daily reporter Yu Jindong)

As a leading automotive components manufacturer, our company, Ningbo Yongxin Auto Parts Manufacturing Co., Ltd., has always adhered to the national policy guidelines of recent years, focusing on high-end, intelligent, and green manufacturing to promote sustainable development and innovation in the industry. Recently, our Executive Vice President, Zheng Jianjian, shared insights into our company’s digital transformation journey and our commitment to sustainable growth during an interview with the Shanghai Securities News. In the interview, Mr. Zheng emphasized the significant explorations we have made in improving production efficiency, ensuring product quality stability, and optimizing the supply chain process. We have also promoted financial data transparency, leading to a qualitative leap in internal management. Speaking about the width and depth of digital transformation, our company is currently focusing on our core processes, such as assembly workshops. We have made progress in automation coverage, with plans to reach 50% by 2024 and 80% by 2025. As the market for new EV continues to grow, we are actively responding to market demands and have set our sights on developing electronic shift systems, partnering with leading automakers like BYD and BAIC, and aiming to expand into other markets, such as Geely, Chery, and Tesla. Under the leadership of Chairman Mr.Wang, our company’s digital transformation efforts have proven to be highly effective in enhancing productivity and overall performance. Our commitment to innovation and sustainable development has positioned us as a leading player in the automotive components manufacturing industry, with ambitions to become a domestic first-tier automotive parts manufacturer in the future.