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In the process of promoting independent research and development and innovation, Sifangda also strengthened technical cooperation and innovation with universities such as Central South University, Zhengzhou University and Zhongyuan University of Technology, and adhered to research and development, side-by-side testing, and large-scale production to increase the scale of research results. . In July 2011, the company established the direction of the use of super-raised funds based on the research results. It plans to use the over-raised funds of 92.039 million yuan to invest in the industrialization project of metal cutting PCD/PCBN composite sheet, which will form an annual output of 53,000 pieces of metal cutting. The production capacity of PCD/PCBN composite sheet is estimated to be an annual average sales income of 74.256 million yuan and an average annual profit of 41.937 million yuan. The use of super-raised funds of 132.31 million yuan to invest in the "Pit mining and DTH drill bit industrialization project for mining", The project will have an annual production capacity of 668,000 PDC picks and an annual production capacity of 25,000 PDC DTH drill bits. The estimated annual sales income is 349.275 million yuan and the annual average profit is 839.46 million yuan. In addition, Sifangda also specializes in the original DI company (formerly known as GE's Superhard Materials Division). EARLT.KOSKIE.JR, general manager of RDC product R&D department for oil/natural gas drilling, is an independent technical consultant (During the company, DI company diamond compact) Sales have increased fourfold). The 2011 third quarter report showed that the company's newly developed high-end products gradually opened in the US market, sales orders increased rapidly, and sales in the US market increased by 270% year-on-year. China's manufacturing industry is upgrading to the high end, composite superhard materials as the industry's "teeth", the replacement of traditional cemented carbide materials and the replacement of imported composite superhard materials and products will provide a huge market and development for composite superhard materials. Space, the successful listing of Sifangda's use of the investment funds just seized the development opportunities of the industry, enabling it to implement the company's development strategy faster, stepping into a benign track of rapid development of technology through research and development.
Sifangda As a leading company of domestic polycrystalline diamond and products, it is located in the middle and lower reaches of the synthetic diamond industry chain. Since its establishment in 1997, it has focused on the research of composite superhard materials. The 14 years of exploration in the professional field has formed a strong technical accumulation, which is currently domestic. The only manufacturer that has successfully developed and produced two-inch (50mm) large-diameter tooling composites. As a high-tech enterprise in Henan Province, Sifangda is the industry standard formulation unit for polycrystalline diamond wire drawing blanks. Its technical center has been assessed as a provincial-level enterprise technology center, and it has been approved to build Henan Province Composite Superhard Materials Engineering Technology Research Center. Sifangda has formed a unique six core competitive advantages. 1) Strong independent innovation ability. Mastered the core technology with independent intellectual property rights. 2) Product quality advantages. The performance of high-end products is close to or reaches the level of international similar products. 3) Product price advantage. The company's products form a competitive advantage in the market with high quality and low price. 4) Complete manufacturer of composite superhard materials. With a full set of composite superhard material manufacturing technology, the product line is complete. 5) The market has a keen insight and can accurately grasp the market demand in a timely manner. 6) Procurement marketing advantages, management advantages, and industrial cluster advantages. Sifangda is a typical high-tech enterprise. Its core competitiveness is the R&D team with Mr. Fang Haijiang as the core of the company. The R&D team is composed of experienced and scientific research talents in the field of composite superhard materials at home and abroad. The company pays great attention to R&D and innovation. From 2007 to 2010, the company's R&D expenditure accounted for 4.05%, 5.86%, 5.35% and 5.76% of operating income respectively. At present, the company has applied for 23 patents, including 6 inventions and 17 utility models. 12 patents have been granted, including 4 inventions and 8 utility models. The inventions and utility model patents owned by Sifangda have built up high technical barriers for its products and become a guarantee of high gross profit margin for its products. For example, a method for measuring the wear ratio of polycrystalline diamond composite sheets has led the industry to test the latest direction of wear resistance of polycrystalline diamond composite sheets; for example, electrode clamping tools for EDM machines, composite electrodes for EDM machines, Three utility model patents for multi-head rotary tooling for EDM ensure technical barriers in the grinding portion of polycrystalline diamond compacts.