This report (Wu Zhijian) "Our bank will do its best to serve equipment manufacturing enterprises that promote high-quality development through technological innovation, which is beneficial for the Party and the country to implement the 'dual carbon' strategy. Through bank-enterprise cooperation, we will help enterprises solve the problems of difficult and expensive financing, reduce their financing costs, and assist them in achieving rapid development." On March 7, Wang Libo, Vice President of Bank of China Shijiazhuang Branch, stated during an on-site inspection at Hebei New SIDA Electric Motor Co., Ltd.
As one of the earliest enterprises in China to develop and manufacture permanent magnet series motors, New SIDA Electric Motor has continuously accelerated its technological research and development progress, demonstrating superior high-efficiency energy-saving and environmentally friendly performance, recognized at an international leading level. It has been applied in industries such as cement, metallurgy, pharmaceuticals, and electricity, achieving multiple domestic breakthroughs, with over 30 patents and inventions, positively influencing the national promotion of the "dual carbon" initiative. It has been classified by the Ministry of Industry and Information Technology as a service-oriented manufacturing demonstration enterprise, a pilot unit for remanufactured electromechanical products, and recognized by Hebei Province as a high-tech enterprise, a corporate technology center, and a specialized and innovative demonstration enterprise, as well as a green manufacturing unit. After achieving the highest historical levels of output value and profit last year, the company has been operating at full capacity this year, with output value and profit from January to February increasing by 30% and 50% respectively compared to last year monthly average, with sales and collection rates increasing by 50% and 80%, setting new historical records. However, during this rapid development, a shortage of funds has severely troubled the company further growth, facing difficulties in technological research and development investment, purchasing raw materials, and delivering products on time, making it hesitant to take orders.
With a heartfelt approach and a focus on problems, effective solutions are delivered. After learning about the difficulties faced by the enterprise, Wang Libo, Vice President of Bank of China Shijiazhuang Branch, Liu Tianxiao, Director of the Corporate Department, Zhang Jianbo, President of the Gaocun District Branch, Gao Hong, Vice President, and Mu Wenjun, Director, successively visited the company for research. They reached a consensus to form a partnership in party building and engage in deep cooperation in economic development, offering a total credit line of 116 million yuan in loans to alleviate the financing difficulties of the enterprise and promote the company transformation and upgrade, injecting strong momentum into its rapid development.
The chairman of New SIDA, Cao Hanjun, general manager Li Xudong, and employees highly evaluated this innovative form of bank-enterprise connection and the efficient, convenient, and preferential methods exhibited by bank staff in their work. They expressed their intention to further enhance the technological content and quality of their products and strengthen their own development capabilities through cooperation and support from financial institutions. Through the injection of funds, they aim to ensure that this year output value and profits quadruple compared to last year, achieving high-quality development through a shortcut.
