617 Institute
Inner Mongolia No. 1 Machinery Plant
FIRMACO, Baotou
Inner Mongolia First Machinery Group Co., Ltd. (referred to as “Inner Mongolia One Machine”) is the country’s only main battle tank and 8x8 R&D and manufacturing base for wheeled tanks. Founded in 1954, the company is one of the 156 key construction projects during the National “First Five-Year Plan” period. It is the backbone enterprise of China Ordnance Industry Group, the only development and production base for wheeled armored vehicles in the country, and the largest equipment manufacturing in Inner Mongolia Autonomous Region.
Under the guidance of Xi Jinping’s socialist thinking with Chinese characteristics in the new era, according to the strategic deployment of the Weapon Group’s construction of an international first-class defense group, based on the new era, a new machine will be built, and the “Inner Mongolia one machine” will be gradually built into a prominent military product industry with strong civilian product support. Blue chip companies with good operating performance, strong radiation drive, and a good brand image among domestic military stocks have made "Inner Mongolia One Machine" a stable blue chip with outstanding earnings, a steady trend, and a well-known blue chip performance stock.
It is the only heavy-duty vehicle R&D and manufacturing base integrating crawler, rail, and wheeled vehicles in the central enterprise. It is a national intellectual property demonstration enterprise, with the design and development of military and civilian products and core components, process research, measurement and testing, and testing capabilities, with vehicle transmission, suspension, dynamic auxiliary, large-scale precision structural parts processing and machine assembly as the core.
The company has a comprehensive set of comprehensive processing and manufacturing capabilities; it has a technological innovation platform system composed of the State Key Laboratory for Intelligent Manufacturing of Special Vehicles and Transmission Systems, the National Enterprise Technology Center, the National Measurement and Testing Center, and 5,000 R&D process technicians. It is the largest equipment manufacturing enterprise in Inner Mongolia Autonomous Region, with a large number of independent intellectual property rights and core technologies. Form a military-oriented, vehicle-based, military-civilian state-owned holding mixed ownership heavy vehicle R&D and manufacturing group.
Inner Mongolia First Machinery Group Co.,Ltd. (FIRMACO) is one of 156 key construction projects of China, and a key ordnance enterprise and significant subsidiary group of China North Industries Group Corporation (NORINCO GROUP) and also the largest one of equipment manufacture enterprises of the Inner Mongolia Autonomous Region. The company covers an area of over 20 square kilometers with the total capital of 25.2 billion yuan.
After the domestic internet exposure of a new generation of light tank prototypes, it is considered that there are two variants. One of them is a vehicle with many photos on the internet, which is reportedly developed for the Baotou Machine Factory (617 Institute). The vehicle is equipped with liquid-air suspension and a 105mm long tube tank gun. At the front of the body is installed additional armor with a strong protective capacity. The vehicle is often referred to as the "617 program prototype" on the web.
It includes 20000 employees and over 11000 sets of diversified mechanical and energy-supply facilities. Possessing a state-level enterprise technology center, the company is capable of designing and developing the critical parts/components and CBU of the military and civil products, and carrying out the technique research, measurement and test, and has formed the complex mechanical manufacture and assembly capabilities in terms of the transmission, suspension and auxiliary system of vehicles, as well as the large precision frameworks and CBU. The quality control system has been granted the ISO9001 approval, the measuring management system granted the ISO10012-1 approval, and the environment management system granted the ISO14001 approval.
In the development of over 50 years, FIRMACO, transferred from primarily producing tracked vehicles to parallelly producing the wheeled and tracked vehicles, becoming a modernized vehicle enterprise of manufacturing military and civil products. The manufacture of heavy-duty truck, rolling stock, petroleum machinery, engineering machinery and parts/components has become its five major business fields, distributed in China major cities, Baotou, Beijing, Tianjin, Chongqing, Taiyuan, Houma, Penglai, Urumchi, Ningbo and Shenzhen, etc. In 2010, the company’s business turnover reached 18.5 billion, ranking the 48th place among the 500 best mechanical manufacture enterprises in China.
Nowadays, FIRMACO targets becoming the best military and civil vehicle manufacturing group in China and a superior company in the world. The group is building up four industrial bases of casing, forging, transmission and running gear, and digital R&D on the base of strengthening the five major businesses, creating an industrial zone characterized by a cutting-edge technology equipment manufacture. It is planning to realize a scientific development and quadruple its output within five years, reaching to 70 billion yuan, and become the powerful force of China defense in terms of national significant equipment, special chemicals, optical-electric information industries, and contribute itself to China defense construction and national economy.
Inner Mongolia a machine group import and export limited liability company is Inner Mongolia First Machinery Group Co., Ltd. under the holding subsidiary, is mainly responsible for the Group's import and export business. Inner Mongolia First Machinery Group Co., Ltd. has formed a comprehensive set of mechanical production capacity from smelting, casting, forging, welding, precision machining, stamping and heat treatment to the whole machine. The products cover the northbound heavy truck, special purpose car, Railway vehicles, bulldozers and railway vehicle parts, truck parts, castings, forgings, machine parts and rubber parts. At present products have been exported to the United States, Germany, Canada, Chile, Japan, Russia, Mongolia, South Africa, Senegal, Nigeria, the United Arab Emirates and Saudi Arabia and other nearly 50 countries and regions.
After more than 60 years of development, the company’s military products have formed a coordinated development of wheel-track combination, light-weight combination, and vehicle-gun integration. It has served the development and production of military services such as land, sea, air, and rocket forces. The expansion and transformation of combat and integrated information equipment has become the country's only R&D and manufacturing base for main battle tanks and 8×8 wheeled tanks.
For civilian products business, railway vehicles can currently develop and produce more than 50 types of truck products in six series of gondola, tank car, flat car, box car, funnel car and special vehicle, with a load covering 60 tons, 70 tons, 80 tons to 100 tons. The series models have the annual production capacity of 8,000 complete vehicles and supporting core components.
Petroleum machinery can produce drill rods, drill collars, oil rods, tubing and other products. It is the largest supplier of petroleum machinery in the industry integrating drilling equipment and oil recovery equipment. It currently has three major production bases in Baotou, Houma and Qinhuangdao.
And successfully developed the North China Oilfield, Dagang Oilfield, Huayou Group, Yan'an Oil and Gas Group and other markets, and became the core supplier of CNPC, Sinopec, CNOOC and Yanchang Petroleum. Construction machinery has developed and produced 420, 320, 230, and 160 horsepower bulldozers on the basis of introducing and absorbing advanced foreign technologies, and has become a well-known brand of construction machinery in China. The company gave full play to its technical advantages and cultivated a large number of professional vehicle parts with outstanding characteristics.
The company has independent export rights, high market visibility and industry influence, allowing various products to go abroad and exported to many countries and regions in the world such as Asia, Africa, Europe, South America, North America, Oceania and the Middle East.
The company vigorously promotes the coordinated development of military and civilian products, and cultivates and develops a large number of products with strong competitiveness for the coordinated development of military and civilian products. More than 20 military-civilian coordinated development products such as 4×4 high-protection special vehicles, tracked fire trucks, riot guards, simulation training devices, and individual protection products have become the company's new economic growth points.
History
The predecessor of Inner Mongolia Yiji, Baotou North Venture Co., Ltd., was approved by the State Economic and Trade Commission in the form of "National Economic and Trade Enterprise Reform [2000] No. 1248" and was established by initiation with a registered capital of RMB 80 million. In April 2004, as approved by the China Securities Regulatory Commission in the document "Securities Supervision Issue [2004] No. 44", the listed company first issued 50 million shares of RMB common stock to the public on the Shanghai Stock Exchange in April 2004, and raised 345 million yuan. After the issuance, the share capital of the listed company is RMB 130 million.
In May 2006, the company completed the share split reform, and the implementation plan was to obtain 3.4 shares for every 10 shares of tradable shareholders.
From April 2015 to February 2017, the company implemented a major asset reorganization, and North Venture Capital purchased assets from Yiji Group and Northern Machinery Holdings, respectively. Among them, the main operating assets and liabilities held by Yiji Group were purchased by issuing shares. Purchase 100% equity of Northern Machinery held by Northern Machinery Holdings by issuing shares and paying cash; at the same time, 148 million shares were non-publicly issued to 8 specific investors at an issue price of 13.22 yuan/share, and the total funds raised were 1.95 billion yuan After deducting all the expenses related to the issuance, the net proceeds will be about 1.895 billion yuan.
On March 15, 2017, the company name of the listed company was changed from "Baotou North Venture Co., Ltd." to "Inner Mongolia First Machinery Group Co., Ltd." In May 2017, the company's business scope, registered capital and company abbreviation were changed. The company's new business scope covers the research and development and manufacturing of armored vehicles and other defense equipment. The company's registered capital increased to 1.69 billion yuan. "To "Inner Mongolia One Machine".
Resources
Inner Mongolia Yiji Group is located in Baotou City, a beautiful city of Lucheng. It covers an area of more than 20 square kilometers. In 2010, it sold more than 18 billion yuan and has more than 19,000 employees. It has more than 10,000 sets of various types of mobile equipment, including more than 1,000 sets of imported equipment from the world's advanced level. The company has a national enterprise technology center. From smelting, casting, forging, machining, stamping, heat treatment to assembly of the whole machine, a complete set of comprehensive machinery manufacturing capabilities is formed. The group company ranked first among the industrial enterprises of the Weapon Industry Group and ranked 48th among the top 500 Chinese machinery companies.
The company has 8,700 employees, the average age of employees is 43 years old, and there are 2761 employees with bachelor degree or above, accounting for 31.85% of the total employees. At present, there are 1 chief weapon scientist in China, 11 technology leaders in the weapon group, 2 chief technicians in the weapon group, 7 skill leaders in the weapon group, 1 "big country craftsman", 1 national accounting leader, and national skill master There are 4 studios, 3 master craftsmen in weapons, 10 "grassland talents" in Inner Mongolia Autonomous Region, and 3 master skill studios in Inner Mongolia Autonomous Region.
The company has formed a core technical team of nearly 2,000 people, 4 people were selected into the "511" talent project of the national defense science and technology industry, 2 people were rated as the chief experts of the weapon industry group company, 16 people were rated as the weapon company group company technology and Skill leader, 2 people won the China Skills Award, 8 people won the national technical expert, 10 people received the government special allowance, 5 people won the "National May 1st Labor Medal", 7 people were rated as "National Labor Model", more than 40 people Obtained the title of provincial and ministerial labor model.
The company established the Vehicle Engineering Research Institute to establish a military-civilian integration technology innovation and management platform; invested in the construction of the Beijing Heavy Vehicle R&D Center, and established the "Academician Expert Workstation" and post-doctoral research station.
The "Eleventh Five-Year Plan" won 34 provincial and ministerial-level scientific and technological achievements, including 7 at the national level; 77 patents have been granted, including 25 inventions; and 12 national standards, national military standards, and industry technical standards have been obtained. The company has been recognized as a national-level enterprise technology center, a national intellectual property demonstration unit, and has won the top ten national independent innovation capability industry and independent innovation award.
The company cultivates the "five major business sectors" in the industrial layout, that is, the five major operating segments of the two series of military products and artillery integration military products, heavy-duty vehicles and parts, railway vehicles and parts, petroleum machinery, construction machinery and parts. Construction of "four basic bases", namely casting base, forging base, transmission base and digital base for R&D and manufacturing; creating an "industrial park", that is, building an equipment manufacturing park featuring high-end manufacturing in Baotou.
The company will focus on the basic ideas of "adhering to the military-based, car-based, innovative concept, leading technology, and leap-forward development", and strive to build China's first and international first-class military-civilian combined vehicle group.
Subsidiaries
Inner Mongolia Yiji currently has four subsidiaries, namely Baotou North Venture Co., Ltd., Shanxi Northwest Machinery Manufacturing Co., Ltd., Inner Mongolia Yiji Group Lutong Spring Co., Ltd., and Baotou North Venture Capital Steel Structure Co., Ltd.
Baotou Beiben Heavy Vehicle Co., Ltd. is headquartered in Baotou City, with total assets of 3.543 billion yuan, a total area of 1.9 million square meters, and officially registered 4,482 employees. Bei Ben Company is now a cross-Baotou, Chongqing, Penglai, Beijing, Xinjiang five places, collecting trucks, buses, modified cars, body, axles, transmissions, passenger car chassis and other vehicles and large parts research and development, production, sales, The service is a modern large-scale commercial vehicle enterprise. Beiben Company will take the "three-step" strategic concept of the weapons industry group to build a company with international competitiveness as the guide, and take the grand goal of the industry leader in the heavy-duty vehicle industry by the one machine group company, and always adhere to the scientific development. We will continue to deepen our growth strategy and fully realize the strategic goals of the 12th Five-Year Plan.
Baotou North Venture Co., Ltd. is located in Baotou City, with total assets of 2.083 billion yuan, covers an area of 105,700 square meters, and officially registered 1,290 employees. The company was listed on the Shanghai Stock Exchange in May 2004 (SSE A-shares: North Ventures) 600967). The core business of the North Entrepreneurship is a railway wagon. At present, it can produce more than forty models of gondola products in the five series of gondola, tanker, flat car, box car and hopper car. It also processes and manufactures parts such as brake beams, bogies and axles. With unique advantages, it has an annual production capacity of 6,000 various types of railway trains. Many products in the North have won national-level patents, and their technical level has reached domestic first-class. The company has continuously expanded and extended the industrial chain, enhanced its core competitiveness, and accelerated the company into an internationally influential rail transit equipment manufacturing enterprise for railway transportation and The national economy will make new contributions.
Shanxi North Fenglei Industrial Group Co., Ltd. is affiliated to Inner Mongolia Yiji Group. It is located in Taiyuan City, Shanxi Province. It has total assets of 2.28 billion yuan, covers an area of 1 million square meters, has more than 4,000 employees and operates 1.6 billion yuan. The core business of the company is the development and production of oil drilling tools and the research and development of large and complex complete sets of machinery and equipment. The development orientation is to build the first and world-class professional drilling enterprise for oil drilling tools in China. The company has now formed the industrial layout of "a group, three bases (military research and production bases, new environmental protection energy equipment research and production bases, oil drilling equipment specialized scientific research and production bases)". The company has always followed the principle of "taking the army as the foundation, taking the people as the mainstay, combining the military and the people, and coordinating the development", and strives to build an advantageous enterprise with core competitiveness and military-civilian combination.
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