YIZUMI: Enhances product competitiveness Creates more value for customers

Recently, YIZUMI released the 2021 interim financial report. It was shown that YIZUMI had a solid performance and stable growth in the first half of the year: the operating income was about CNY 1.699 billion, a year-on-year increase of 58.78%; the net profit attributable to shareholders reached CNY 264 million, a year-on-year increase of 160.89%; among them, injection molding machine (including high-speed packaging system) had a noticeable performance, of which sales revenue is approximately CNY 1.226 billion, accounting for 72.16% of the company’s total sales with year-on-year growth of 54.72%.

These remarkable data can’t leave without YIZUMI's insistence on Innovation-driven transformation and globalization strategy. In the past few years, YIZUMI has been investing heavily in R&D investment and connecting global innovation resources, constantly benchmarking the world-leading manufacturing standards to promote technological innovation, and exporting high-quality machines to the global market.

Li Donghai, deputy general manager of YIZUMI Injection Molding Machine Division said: “YIZUMI is committed to becoming a world-class enterprise in its field. Making good use of our advantages and adhering to the three strategies —product, operation and globalization, YIZUMI adopts active adjustments on business strategy and explores deeply in both domestic and foreign markets. YIZUMI will embrace more promising development in the future.”

Lean Manufacturing Method

Stronger Production Capacity & Faster Delivery

In the first half of 2021, the demand for injection molding machines and the company performance have been rapidly growing due to consumer demand recovery, the manufacturing industry rebound, and the stable and positive domestic economy.

The demand of 3C， healthcare, packaging, household appliance, building materials and other industries that YIZUMI is involved in is surging. Especially with the automobile industry recovery and new opportunities arising, YIZUMI’s different product lines grow sturdily, including three-platen energy-saving servo injection molding machine, precision electric injection molding machine, multi-component injection molding machine, among them, the medium and small tonnage injection molding machine has the most impressive performance.

The rapid growth of production capacity determines competitiveness in a booming market. In this respect, Li Donghai introduced: “YIZUMI introduced the lean manufacturing method to achieve high-quality and rapid delivery. The improvement of the logistics system and the building of the assembly line ensure delicacy management through the whole processing chain, from components arrival to product delivery.”

After introducing the lean manufacturing method, YIZUMI medium and small tonnage injection molding machine have been put into flow-line production. Now, assembling an injection molding machine needs 20 minutes on average, leading to a 60% increase in manufacturing capacity year on year. The production efficiency and delivery ability are significantly improved, contributing to injection molding machine sales growth.

The company centers on the development strategy to complete all tasks and strengthen the core competitiveness. YIZUMI is a trendsetter in exploring advanced technologies between China and Europe, and constantly develops forward-looking innovative processes and technologies; in addition, YIZUMI continuously designs the international market layout to improve its brand influence.

Li Donghai emphasized: “Facing the development opportunity in the industry, YIZUMI seizes the momentum, develops high-quality energy, and fully makes good use of the industrial benefits. The company will take the trend, adhere to high-quality development road, and fully enjoy the development dividend of the industry. Moreover, YIZUMI adheres to the strategic direction, speeds up the layout of the global market, strives to cater to the global high-end customer group, and seizes the high ground of the industry.”

Focus on Industry Trend

Looks towards the Future

A large number of Chinese industries are gradually moving from labor-intensive methods to technology-intensive methods. A lot of automation equipment is used in manufacturing to further improve efficiency, capacity, quality, corporate image and market competitiveness. So injection molding machinery industry is a promising industry, having great potential for development.

As one of the management of YIZUMI Injection molding Machine Division, Li Donghai has a unique insight into the present state of the domestic injection molding machine industry. According to his analysis, the explosive growth is hard to maintain based on the economic and industrial cycle, so it will probably return to normal. However, the plastic application fields will continue to expand due to the properties of plastic and the development of mold technology.

In recent years, the new energy vehicle sector has been growing in the entire automotive industry. In the future, the driving experience will become better as the new energy vehicles become smarter. A series of changes from design and manufacturing aspects, including automotive interiors and internal electronic systems, will bring more new technical requirements on the component molding.

For example, YIZUMI ReactPro Polyurethane and Injection Molding Integrate Solution aims at satisfying the new functional demands in the automotive industry such as various color, better texture, etc. It is competitive to apply in the new energy vehicle industry in terms of products and processes.

In addition, YIZUMI developed various machine models to respond to the different purposes of customers. For instance, multi-component two-platen injection molding machine-special for Marelli four-color headlight special molding, an innovative product in the industry, can support double-color, triple-color, four-color injection molding manufacturing, with great flexibility.

Regarding lightweight, which has been a concern of the industry, YIZUMI brought physical foaming molding solution and chemical foaming molding solution. These solutions have been applied on the customer site to reduce the product weight and promote lightweight in the new energy vehicles field.

Responds to the Carbon Neutrality Vision

Innovative Technologies Drive Industry Change

When talking about the energy industry trend, Li Donghai said General Secretary Xi Jinping has made it clear that China will strive to peak carbon dioxide emissions by 2030, achieve carbon neutrality by 2060. It means that the carbon emission will be cut down to zero by that time while fossil fuels such as coal, oil and natural gas will be phased out. And indicating green energy, artificial intelligence, the Internet of Things, block chain and other technologies will become the key technologies of the fourth industrial revolution.

To achieve this development goal, enterprises need to think about how to reduce carbon emissions and how to manufacture products in an energy-saving way. As an equipment manufacturing enterprise, YIZUMI is not only thinking, but also acting.

A 78,000 square meter photovoltaic generation system on the roof of YIZUMI Wusha factory has been completed and put into service. Photovoltaic generation accounts for about 27% of the company's electricity consumption, realizing zero discharge of waste water and exhaust gas. In addition, YIZUMI tries to reduce water consumption by filtration and composition adjustment, and manufactures products with lower energy consumption by recycling.

In the past two years, YIZUMI has developed energy-saving technologies and invest heavily in energy-saving product promotion, such as all-electric injection molding machine, hybrid injection molding machine, which saves about 20% of energy than the traditional hydraulic machine. All-electric injection molding machines and hybrid injection molding machines with large tonnage are now under development.

It is expected that next year, the tonnage range of all-electric injection molding machines will be extended to 1380T, which can better save energy for downstream customers. And the newly-developed energy-saving technology will save energy for material drying as well.

Speeds up Development

Creates a Win-win Relationship with Customers

The solid performance and strong market position have built YIZUMI’s confidence. “As an equipment manufacturer, YIZUMI will continue to accelerate innovation to drive high-quality development,” Li said.

In the future, YIZUMI will manage to meet the market demand, improve the techniques and marketing ability, speed up the overseas layout, establish technical service centers in key regions and markets, and standardize the global customer service process.

In terms of manufacturing and operation construction, YIZUMI will speed up its transformation towards a digital factory, build up a first-class quality management system and process, and constantly improve product quality, to meet high-end customers’ requirements for the product quality as well as the whole delivery process.

In terms of product development, YIZUMI will focus on the field of multi-component, all-electric and large-tonnage two-platen injection molding machines and invest more in the development of the new process, technologies, and integrated solutions to create more value for customers from different industries.

“Only by adjusting and improving the equipment according to the customer demands and market changes in the first time, can we create a successful customer-driven product.” In response to the rapidly changing market, Li Donghai hopes that: “We will continue to expand the productivity and sales volume while enlarging market share, constantly optimize machines to improve the competitiveness, and better serve customers to create a win-win relationship.”