Recently, located in Xinjie Town, Hangzhou Jinding Hydraulic Components Manufacturing Co., Ltd. once again received a product patent for invention patents, the development of quantitative gear pump eight kinds of products won the national patent. So far, the company has 11 kinds of products won the national patent. In recent years, "Jinding Hydraulic" hit a patented product brand, successively from Zhejiang University, Peking University and other famous universities to introduce more than 30 machinery high-tech talent, the company set up technology research and development centers, the development of new products. R & D patents for the enterprise has brought huge benefits. In 2003, three national patent products of the enterprise were successfully put into production. Two-way gear pump, four rod hydraulic cylinder with buffer, pneumatic control valve of these three products to become the Xugong Group, Jiangsu excavator designated accessories. Since 2004, the two sides have been cooperating so far. The past five years, "Jinding Hydraulic" and XCMG business more than 150 million yuan. Changzhou, Jiangsu, a harvester factory originally imported from Japan four-bar linkage control valve to do the production of accessories. Three years ago, when the factory learned that "Jinding Hydraulic" won the patent for the product, it shifted to "Jinding Hydraulic" orders, the annual order of less than 3,000 million. The end of last year, the factory manager also rushed to Hangzhou to visit "Jinding Hydraulic", the two sides signed a contract to ensure supply of 10,000 sets a year. Patented products from scratch, while the annual output value of enterprises is also rising year by year: 2006 annual output value of 90 million yuan enterprises in 2007 reached 120 million yuan in 2008 rose to 160 million yuan. A series of figures, also witnessed the "Jinding Hydraulic" invested in scientific and technological innovation, research and development of patented products, companies get huge returns. "Although the investment in producing patented products is larger, the profits are indeed quite high." "Jinding Hydraulic" CEO Xu Yongjiang said with emotion.
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