On September 27, 2008, Qinchuan Company held a grand commemoration to celebrate the 59th anniversary of the founding of the People's Republic of China and the 10th anniversary of the development of Qinchuan. The party secretary and chairman of the company, Long Xingyuan, delivered a speech on the 10th anniversary of Qinchuan's development. It is said that since Qinchuan Development was listed in 1998, its main income has jumped from 110 million yuan to 850 million yuan, and its net profit has increased from 33.68 million yuan to 61.49 million yuan, showing good growth. In recent years, the company has focused on the development direction of “precision, compound, high efficiency, special and largeâ€. The products have achieved a successful transition from mechanization to full CNC, from small to medium size. The main product gear grinding machine, from the previous dozens to the current annual output of 320 units.
After reviewing the ten years of Qinchuan's development, Hu Hong pointed out that as one of the listed companies in the domestic machine tool industry, Qinchuan Development shoulders the mission of national heavy equipment. In the future, Qinchuan development will continue to establish a good Corporate image, expand brand advantage, continue to strengthen scientific research and management advantages, and become a listed company with good business performance, high credibility and high return rate.
At the meeting, Tiansha, vice president of Qinchuan Development, also made a keynote speech on the company's future development plan.