Wei hard tools listed successfully leveraged the new three boards to achieve leapfrog development
Abstract Founded in 2000, Weihaiwei Hard Tools Co., Ltd. has been focusing on the development and production of superhard materials - diamond (PCD) and cubic boron nitride (PCBN) non-standard tools. Currently has more than 8,000 square meters of factory...
Founded in 2000, Weihaiwei Hard Tools Co., Ltd. has been focusing on the development and production of superhard materials – diamond (PCD) and cubic boron nitride (PCBN) non-standard tools. At present, it has more than 8,000 square meters of factory buildings, more than 140 sets of domestic and foreign first-class equipment production lines, a high-level R & D team led by 30 years of cutting tool experts and an experienced team of technicians. The products are widely used in various processing centers, processing lines, special machines and other high-end equipment at home and abroad to carry out efficient, high-speed and high-precision machining of automobile engines and their components. The main products include: car boring tool, slot cutter, machining hardened steel tool, angle forming knife, high speed milling blade, milling cutter, indexable insert, tool, high precision compound rotary cutter, hard alloy special cutter, etc. series. The quality and stability of cutting tools are leading domestically, replacing imported products and exporting to Europe and America. The diamond and cubic boron nitride slot cutter independently developed and produced by Weihard Company can reach a minimum width of 0.63mm, and the width dimension tolerance can be controlled within 0.004mm. The surface roughness of the processed piston reaches Ra0.2 or above and the waviness is less than Equal to 0.003.
As the "crab-eating" listed on the New Third Board of Weihai City, Weihard Tools began to prepare for the new three-board work in 2008. After six years of grinding a sword, it finally succeeded in opening the door to the capital market. “With the great opportunity to land on the New Third Board, we will expand our financing channels and standardize information disclosure through corporate governance and branding enhancement, and build the company into a global leader in superhard material tooling.†Yu Qiao, Chairman of Wei Hard Tools Say.
Wei hard tool production workshop corner
The most significant advantage of listing the new three boards is that enterprises can enhance their financing capabilities. Enterprises can use financing tools such as targeted capital increase, corporate bonds, and small and medium-sized enterprises to raise their debts to meet the financing needs of enterprises. At the same time, joining the new three boards can promote the establishment of a modern enterprise system, so that enterprises can operate more standardized, whether it is enterprise management, development or product promotion, etc., will act according to "rules." In terms of decision-making, it is able to break the limitations of internal decision-making in the enterprise, and change the individual decision-making into a collective decision-making of the shareholders' meeting, which will bring new directions for the development of the enterprise.
In the period when corporate brand image is crucial, listed companies can also take the opportunity to expand the influence of enterprises and products and enhance the brand effect. In addition, the transfer mechanism of the New Third Board meets the requirements for the company to directly transfer to the market after further development and expansion in the future.
In the period when corporate brand image is crucial, listed companies can also take the opportunity to expand the influence of enterprises and products and enhance the brand effect. In addition, the transfer mechanism of the New Third Board meets the requirements for the company to directly transfer to the market after further development and expansion in the future.
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