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Looking back at 2020: TMB's innovation-driven rise against the trend.

2021-02-08

Looking back at 2020, TMB innovatively drove against the trend.

The year 2020 has quickly become history. After enduring the severe tests of epidemic prevention and control and resuming work and production at the beginning of the year, Zhejiang Tianma Bearing Group Co., Ltd. responded to the crisis with strong corporate resilience, using market-driven innovation as the engine to strengthen key core technology breakthroughs, enhance industrial foundational capabilities, and modernize the industrial chain, writing a chapter of responsibility and commitment with practical actions. The group overcame various adverse factors in management, R&D, technological transformation, production, and marketing, maintaining a rapid development trend, achieving remarkable results with significant year-on-year growth in TMB bearing output value, sales, and tax revenue, marking a perfect conclusion to the company's 13th Five-Year Plan development.

1. All staff control the epidemic and take the lead in resuming work and production.

At the beginning of 2020, facing the impact of the COVID-19 pandemic, Zhejiang Tianma Bearing Group Co., Ltd. united as one, launching a decisive battle against epidemic prevention and control with swift actions. All departments and workshops strictly implemented epidemic prevention measures such as disinfection of premises, isolation and monitoring of returning personnel from other regions, and provision of protective equipment for all staff. They repeatedly promoted personal hygiene, maintaining distance, and avoiding gatherings during the epidemic, making the company one of the first to control the epidemic, resume work and production, and achieve a positive sales growth. The company's effectiveness in controlling the epidemic was significant, with no cases of virus infection or spread throughout the year, ensuring the normal operation of the business and laying a solid foundation for high output and high returns against the trend.

2. Driven by technological innovation, overcoming key core technologies.

"Focusing on innovation and positioning at the high end" is the core goal determined by Tianma Bearing's development plan. The company seized the opportunity to establish teams for materials, equipment, and key technology breakthroughs in 2020. The group's R&D investment was sufficient throughout the year, overcoming a series of key core technologies, developing new high-end bearing materials, and independently researching and developing a series of specialized bearings for automobiles, construction machinery, heavy machinery, rail transit, and metallurgical rolling mills that reached international advanced levels. The company led the implementation of national key R&D projects such as "High-end Bearing Condition Monitoring and Health Management Technology for Big Data" and several provincial and ministerial-level R&D projects, winning one National Science and Technology Progress Award, 25 provincial-level new products, 8 newly authorized invention patents, and 19 accepted invention patents. The company completed the R&D of the Ministry of Industry and Information Technology's "2018 Industrial Strengthening Project" on schedule and obtained certifications for "Green Product Design" and "Green Supply Chain."

3. Committed to technological transformation and efficiency enhancement, improving manufacturing levels.

The company assessed the situation, maintaining its original intention of pursuing high-quality development, facing challenges head-on, and focusing on the main line of "deeply cultivating niche markets and adhering to technological innovation." It concentrated on green intelligent manufacturing, accelerating the transformation and upgrading of the enterprise, and striving to create champion products with core advantages. A successful experience was developed focusing on "high precision, high efficiency, high reliability, and energy conservation and environmental protection" to enhance the level of process equipment, gradually achieving numerical control and intelligence in bearing manufacturing, significantly improving production efficiency and product precision. To address industry pain points such as the preparation of high-end materials for bearing manufacturing and specialized equipment for large bearings, the company established a technological transformation department in 2020, focusing on the production of wind power bearings and the technological upgrading and layout of new material research equipment. In response to the company's development needs and changes in international conditions, communication and reserves for the localization of key technologies for new projects were conducted, laying a solid foundation for the company to create high-quality products and improve green intelligent manufacturing levels.

4. Vigorously expanding the market, achieving a prosperous production and sales.

In 2020, except for January and February affected by the pandemic, the shipment volume of TMB bearings in the remaining months saw a significant increase compared to 2019, with the annual sales revenue growth being the largest in recent years for Zhejiang Tianma Bearing Group Co., Ltd. Among them, as a domestic champion, TMB wind power bearings saw rapid growth in domestic and international orders, establishing a leading position in the global wind power bearing market. The company accelerated the promotion of high-end products, forming a pattern with strong driving force, wide radiation, and strong international competitiveness. By adjusting the product structure, it facilitated transformation and upgrading, breaking free from the limitations of the general bearing market scale, greatly expanding the company's development space, and winning more market share in various fields. The company further clarified regional market divisions with a new market sales system of in-depth marketing and innovative services, receiving visits and inspections from over 80 important domestic and international clients throughout the year, further expanding market shares in industries such as automotive, rail transit, construction machinery, power transmission, electric drive, and new energy, continuously enhancing the TMB brand effect. The company was awarded the "Outstanding Supplier Award" for the 13th Five-Year Plan by the China Bearing Industry Association and six other industry associations.
In 2020, Zhejiang Tianma Bearing Group Co., Ltd. saw a large number of outstanding advanced collectives and individuals emerge. On the eve of the 2021 Spring Festival, company leaders visited the production front line to award the advanced teams and individuals of the company for 2020 and extended Spring Festival greetings. The awarded employees expressed their determination to work harder in 2021, actively respond to greater challenges, and make greater contributions to the company.