R&D has been intertwined into manufacturing operations - a distinctive charater of JASIC Technolog, which effectively enables continued quality upgrading of our products and services. Over time, this has become a competitive strength that is difficult to be duplicated by others. Going forward, we'll endevour to capture the opportunities brought about by IOT and AI for new generation products.
June 26, 2019, Jasic Technology Company Ltd. (Jasic Technology), a leading player in the welding industry, held its 14th China Dealers Conference in Shanghai with the theme of "Gathering Winning Strength for the Future". Jasic Technology is committed to sharing success with distribution partners both at home and abroad through mutual trust and respect.
Mr. Pan lei, Chairman and President of Jasic Technology, shared his thoughts and views on current geo-political tensions, the industry change in China market and most importantly the future strategy of Jasic Technology in responding to such change. Mr. Pan emphasized that Jasic Technology remains positive to opportunities to be brought about by an unstable and complex market place through strengthened partnership with dealers. He also appreciates continued trust from all dealers to Jasic brand and products, and the company is committed to supporting dealers to improve their professional skills so as to raise the overall ability in servicing the end users.
China Marketing Director Mr. Su Lei covered a variety of areas including new products R&D, sales channel strategy review, brand promotion, results of sales target, and sales performance progress in 2019. The manufacturing, sourcing and sales of welding material, welder accessories and parts are the essence of our diversification strategy which is a major corporate strategic initiative. A wholly-owned subsidiary named Jasic Precision Industry Company (“Jasic Precision”) specializing in welder accessories and parts has become profitable following inception two years ago. As a gesture to share future growth and success, Jasic Technology announced its offer to eligible dealers with shared aspiration and belief to become equity holders of Jasic Precision.
Mr. Su also announced the launch of Jasic NOVO series at this conference. Apart from some new features, this new series has labeled the actual current – a deed unprecedented by any peer brand. This is another effort of Jasic Technology to establish new industry practice so as to further protect the interest of business partners and users. Dealers at the conference welcomed the new series and appreciated the efforts. They learnt the new features and are optimistic to the sales prospects of Jasic NOVO series.Since 2013 Jasic Technology has given branded service vehicles to dealers free of charge in an effort to help raise their service capability. At this conference, 10 dealers were awarded with the branded service vehicle each, bringing the total number of donated vehicles to 80. Mr. Hu Zuchao, a dealer from Anhui province, was very excited with the initiative and expressed openly his keenness to partner with Jasic Technology more closely and in many years to come.
The Shenzhen Stock Exchange has recently issued
a Circular on Information Disclosure Assessment of listed companies on GEM for the
year of 2018. Shenzhen Jasic Technology Co., Ltd. ("Jasic Technology")
is rated with class A which is the top grade on information disclosure. This is
an honor that Jasic Technology has won for the 7th consecutive year.
The Shenzhen Stock Exchange has recently issued a Circular on Information Disclosure Assessment of listed companies on GEM for the year of 2018. Shenzhen Jasic Technology Co., Ltd. ("Jasic Technology") is rated with class A which is the top grade on information disclosure. This is an honor that Jasic Technology has won for the 7th consecutive year.
According to the results of the assessment, 108 companies were graded Class A, representing 14.61% of the 739 GEM companies participated in 2018, 522 companies, approximately 70.64%,are rated Class B, while 84 companies Class C and 25 companies Class D.
Since listing in 2011, Jasic Technology has been in strict compliance with all listing rules and regulations, as well as the company’s internal processes to disclose corporate information in fair and timely manner with accuracy and completeness. We also aimed to improve our disclosure to be more pro-active and effective with information that suits the need for fund managers’ investment decision. This initiative also reflects the company’s culture and belief in honest and ethical business practice. We are very proud to be awarded with Class A grade for the 7th consecutive year – an authentic endorsement from the Shenzhen Exchange on our disclosure work.
We will continue to adhere to the principle of openness, fairness and justice advocated by the regulators and further improve the quality and management of information disclosure, ensuring the investors’ interests are duly taken care of.
Jasic Technology invited the family members of our staff to visit the company on June 1st – the International Children’s Day. We hope the family members of our staff would take this opportunity to understand what kind of company Jasic Technology is.
There are approximately 100 families who joined us and participated in a variety of activities featuring “Appreciation”, “Independence” and “Happiness”. For example, little children were encouraged to present flowers to their parents to express gratitude for parental support, and to participate in a game of competition to lace up shoes so as to get a taste of independence. Family members jointly drew themed paintings to get a feel on the importance of family support and collective efforts.
Hand-in-hand, our staff proudly showed their spouses and children around our green campus, and visited staff fitness center and lounge. Mr. Liu Qihui, an engineer from R&D Dept. joined by his wife and kid to see where he works. His wife commented: “I am glad to have come to see the company myself today. This is a very useful trip to understand where my husband works. I now appreciate more the effort he has put into his daily work.”
The first Employee Congress of Shenzhen Jasic Technology Co., Ltd. (Jasic Technology) was held on2nd April. More than 111 employee representatives attend this meeting, including Mr. Pan Lei (Chairman and General Manager of Jasic Technology), Mr. Xia Ruyi (Deputy General Manager of Jasic Technology), Mr. Zhang Zhiying (Chairman of Labor Union), and Mr. Li Hongpo (HR Director of Jasic Technology).
Mr. Pan Lei said:”The convening of the Employee Congress is a grand event in our work and for our life. If we want to rely on our employee to manage our company, keeping enterprise affairs public is an important approach. ” He believes that employees’ rights and interests should be protected. In addition, he also encourages each employee to engage in the company’s development with their new ideas and suggestions, thereby to create a warm, dignified and ambitious atmosphere for everyone living and working in Jasic.
111 representatives out of 120 who are supposed be present attend this meeting. More than 2/3 of the total representatives are present, which reach the quorum requirement. The three agenda items including a draft collective contract, a draft of mutual fund, and a draft list of candidate nominations for May 1st Labor Medal were discussed, reviewed, and passed unanimously by a show of hands.
Later on, Ms. Luo Huaihua, Director of Audit Committee, gave a briefing on labor union fund’s utilization in 2018 and its plan in2019. Seven days prior to the opening of this congress, the Committee for Proposals was established to widely collect suggestions and advices from employees, which were then translated into two proposals in total. These two proposals, entitled as“A Suggestion of Building a Platform for the Development of Labor Union Community” and “The Suggestion for Canteen Improvement”, are filed after examined by the Committee for Proposals. Labor Union will supervise actively the related department to make an improvement and response to the proposers.
This congress, which embodies the realization of employer-employee common construction, governance and sharing of non-public economy, has stood out as a significant milestone for Jasic Technology since its inception.
The company’s first Extraordinary Meeting for Shareholders was held on 22th February, 2019. At the meeting, the company approved the resolution of general election for the Board of Directors and the Board of Supervisors, and elected the 4th directors and supervisors of the Board. In this election, Mr. Pan Lei, Mr. Xia Ruyi, Mr. Luo Weihong and Mr. Zhang Ruimin were elected as non-independent directors; Mr. Ma Jingren, Ms. Cai Jingxia and Mr. Ma Zehua were elected as independent directors. The meeting also elected Mr. Zhang Zhiying and Ms. Luo Huaihua as non-employee supervisors, and Ms. Jiang Ting as employee supervisor.
On 16th March, 2019, the company released its Annual Report of 2018. During the reported period, the company achieved a total gross revenue of 893.30 million yuan, rising by 10.76% compared with last year; Operating profit amounted to 221.88 million yuan, rising by 33.88% compared with last year; total profit amounted to 222.22 million yuan, rising by 33.80% compared with last year; net profit attributable to shareholders amounted to 190.78 million yuan, rising by 32.70% compared with last year; earnings per share was is 0.38 yuan, rising by 31.03% compared with last year.
Recently, Guangdong Science and Technology Department released officially the "Notice of Guangdong Science and Technology Department on the Accreditation of 2017 Guangdong Engineering Technology Research Center" (Guangdong Science and Technology Research Institute  No. 1649), announcing that JASIC had received the recognition of "Guangdong Welding Equipment Engineering Technology Research and Development Center".
The construction of provincial engineering technology research center aims to implement the spirit of Guangdong science and technology innovation conference thoroughly, promote the establishment of research and development institutions in enterprises above-designated scale, enhance the technological innovation capabilities of enterprises, universities and research institutes, accelerate the transformation of scientific and technological achievements, and provide support for the construction of national science and technology industry innovation center.
Leaders like Mr. Zhang Delin (former Chairman of China Welding Association), Mr. Song Tianhu (Chief Supervisor of China Mechanical Engineering Society), Mr. Li Liansheng (Vice President and Secretary General of China Welding Association), and Mr. Lu Zhenyang ( Vice President of China Welding Association) attended the conference. Along with many other industry experts, Mr. Song Tianhu and Mr. Lu Zhenyang presented their technical reports on the theme of “Developing High-end Products and Promoting Technological Innovation”, and conducted in-depth exchanges and discussions with delegates.
JASIC has always been focusing on technological innovation since its inception with a number of R&D centers established around the world. Large investment in technology research and development is guaranteed by committing more than 5% of total revenue each year to R&D fields.
The report also introduces the development trend of welding and cutting technology and the R&D achievements of JASIC. It indicates that a significant development direction lies in the control technology of inverter welder enabling realization of high-quality, delicate control on welding process which is based on the deep understanding of welding arc physics and droplet transfer and integrated with refined digital control technology; One of the development trends of inverter welder control technology is to achieve better welding performance by the application of digital control technology from the perspective of entire welding system; The another trend is the close combination of the control systems of inverter welder with internet, implicating that applications based on big data are becoming more widespread.
China Welding Association Document
China Welding Industry Forum 2019 – High Efficiency Welding Technology and Application
To Relevant Units,
TheChina Welding Industry Forum 2019- “High Efficiency Welding Technology AndApplication” will be held from June 22 to 24, 2019 in Shanghai. This forum is hostedby China Welding Association (CWA), instructed by Chinese MechanicalEngineering Society (CMES), co-organized by American Welding Society (AWS),Singapore Welding Society (SWS), CMES welding branch, and Electric WelderBranch of China Electrical Equipment Industrial Association, organized by WeldingEquipment Branch of CWA, and supported by Shanghai Kumao Robot Welding Co., Ltd.and Shenzhen Megmeet Welding Co., Ltd. Promotional media includes Welding, Electric Welding Machine, MetalProcesings, Welding Technique, CHINA WELDING, Robot Technique and Application,and Welding Digest of Machinery Manufacturing.
ChinaWelding Industry Forum has been held successfully for 13 sessions with 14meetings since 2006. It has been promoting the development of welding industryin the form of forums for 13 consecutive years. By integrating new developmenttrend, the Forum this year will invite famous welding experts at home and abroadto present their thematic reports on High Efficiency Welding Technology and Applicationin the form of invited talk. The forum pays attention to the maturity oftechnology and aims to guide the industry to utilize reasonably and promotehigh efficiency welding technology. Learn latest news about the Forum, pleasevisit the official website of CWA (http://www.cwa.com.cn),entering into the "China Welding Industry Forum" section.
OrganizingCommittee of China Welding Industry Forum of CWA
Phone:0451-8634 0850-1008 Mobile: 187-2461-1763 Email: [email protected]
Phone:010-6394-3751 Mobile: 132-6121-1870Email:[email protected]
On 3rd November, the grand award ceremony for “Celebration of 20th Anniversary of China Weldnet——A Glance of Welding Corporation” is held in Shenzhen. More than 130 members attend this meeting, including China Welding Association vice chairman and secretary general Li Liansheng, China Welding Association vice chairman Lu zhenyang、Feng Meijuan、Liu Zhen、Wang Chunsheng、Wang Lujun、Chen Qingyang, Xie Weixin and etc..
As time went by, “China Weldnet” has gone through a journey of 20 years. Over the years, “China Weldnet” witnessed and has participated in the progress of building internetwork for Chinese Welding Industry.
In Jul. 1998, China Welding Association built “China Weldnet”. In Jul. 2008, China Weldnet’s daily page visitors exceeded twenty thousand, daily click over two hundred thousand, which set China Weldnet rank first among all the other websites of welding industry. In 2018, its thematic sections have reached 32 at the moment; membership enrollment exceeded thirty thousand, and the search volume of its database ranks first in welding industry.
From 2000, “China Weldnet” started to launch E-journal
In October 2012, “China Welding Equipmentnet” was launched, which is a branch of Information website. Now it has 22 professional sections.
In October 2017, “China Welding Association Welding Products Certification and Recognition System” is built in the cooperation with “CAMMM” of China Academy of Machinery Science & Technology. For a year, this system whose certificated products reach more than 3000 pieces has been registered and used by 60 corporations. This system provides a platform for corporations to check the reliability of products and to supervise its quality, which helps to solve the problem of warranty of welding products quality in network market.
In order to promote the development of manufactural network, China Welding Association endowed “Weldingnet” as the applied platform of Information website. This act aims at improving service online through digital, network and intelligence work.
For celebrating 20th anniversary of the establishment of China Weldnet and expressing gratitude for all supportive corporations, in June 2018 China Welding Association launch a series of activities to show all these supportive corporations in welding industry.
23 corporations and 38 individuals sign up for participating in this activity, and a group of experts from China Welding Association assess the submitted documents. The assessment on corporations is taken from these dimensions: an overview of corporation, its culture, its success, its blueprint, its support and contribution to website and individual’s contribution. After the assessment, fifteen corporations are awarded with “the outstanding demeanor” prize, and fifteen individuals are awarded with “the advanced information work” prize. The award information will be presented on “China Weldnet” for a week, then the list of prize-winners will be confirmed if nobody is against this decision.
During the assessment, the awarded corporations fully show their capacity, market-driving force and influence. From the establishment of website to date, these corporation always stand behind and have confidence on “China Weldnet”; they make a great contribution for the success of “China Weldnet”.
Here is fifteen corporations awarded with the “outstanding demeanor” prize:
The corporations for giving outstanding contribution for the 20th anniversary of the establishment of “China Weldnet” (listed in a random order)
“The presentation for the corporations with the “outstanding demeanor”
Shenzhen Jasic Technology CO.,LTD
Tianjin Golden Bridge Welding Material Group Co., Ltd
Atlantic China Welding Consumables, INC.
Tianjin Bridge Welding Materials Group Co., Ltd
Harbin Welding Institute Limited Company
Tangshan Kaiyuan Electric Group Co., Ltd
Shenzhen Riland Industry Co., Ltd
Kunshan Jingqun Welding Materials Technology Co., Ltd
Shenzhen Hua YiLong Electric Co., Ltd
Zhuhai Funisi Welding Technology Co., Ltd
Xionggu Electrical Co., Ltd
Abicor Binzel(Guangzhou) Welding Equipment Co., Ltd
Changzhou Huaqiang Welding & Cutting Equipment Co., LTD
ESAB Welding & Cutting Equipment (Shanghai) Management Co., Ltd
ESAB Welding & Cutting Equipment (Shanghai) Management Co., Ltd
The corporations are awarded by vice president and general secretary Li Liansheng and vice president Chen Qingyang
The corporations are awarded by vice president Liu Zhen and Xie Weixin
For “the advanced information work” prize, fifteen individuals are awarded for their excellent work of communicator in their corporation. They can describe corporations’ requirement for the application of website in time, describe corporations’ status quo, and share the information of products’ supply and demand. Their contribution plays a key role for “China Weldnet” to explore corporations’ need, to grasp this industry’s direction in time, to adjust website’s operational strategy so as to follow the developing direction of welding industry. The sustainable development of “China Weldnet” relies greatly on their contribution.
These honorable individuals are: Pan Huiyong、Zhu Tian、Zhang Xiaobai、 Ma hensheng、Han Bin、Lei Pei、Tong Tianwang、Chen Wubin、Liu Qifang、Zhang Min、Juergen、 Weisshaar、Long Yilin、Meng Yunlin、Yang Xiuyong, Sun Jinggang.
They are awarded by vice general secretary Wang Linshu and Zhang Huawei.
They are awarded by vice general secretary Piao Dongguang and Wu Jiupeng.
After its development for 20 years, “China Weldnet” already has a large-scale of targeted information-spread group and a professional data group on weld including more than 300 thousand pieces of messages. Besides, “China Weldnet” has three branches: “China Welding Equipmentnet”, “China Welding Association Welding Products Certification and Recognition System”, and “Weldingnet”. Thanks to these branched websites, “China Weldnet” makes an improvement in providing service on welding equipment application, products’ certification and welding materials. If you use search engine like Baidu or Sogou, “China Weldnet” ranks first and can be described as the most influential integrated service platform in welding industry.
The success of “China Weldnet” depends on all the assistance and support from members and colleagues. Thanks all the attention and support given to us, “China Weldnet” wish to make progress in bring much more contribution in leading the development of welding industry websites.
On 9th March 2019, a grand opening ceremony of “training base (San He) of China Welding Association Robot Welding” has been held at San He Vocational and Technical Education Center. These representatives attend this opening ceremony: general secretary of CWA Li Liansheng, vice president and director of education and training department of CWA Lu Zhenyang, general secretary of education and training of CWA Chen Shujun, secretary of CWA Li Bo, vice president of Education and Sports Bureau of San He Meng Xianfu, executive vice president of San He Vocational and Technical Education Center Gao Lianqi, vice president of San He Vocational and Technical Education Center Hou Fuhui and Li Ruixiang, bureau director Yuan Chenchen, director of automation specialty Wang Jianlin, leader of Robot welding specialty Yang Meng and Professor of Beijing Institute of Petrochemical Technology Wang Zhonghui.
The opening ceremony was presided by headmaster Gao Lianqi. At the beginning of the ceremony, headmaster Gao gave a warmly welcome for all representatives; then he introduced the school’s education principle, developing goal and its equipments. He also expressed gratitude for China Welding Association, who always has confidence on them. As headmaster Gao said, CWA chose San He Vocational and Educational Center as its base, which provides opportunity to the following training work for the school. He promised of keeping the innovative spirit during the training work for Robot welding.
General secretary of China Welding Association Li Liansheng congratulated the establishment of “Training Base (San He) of China Welding Association Robot Welding”. He brought status quo of the establishment of CWA training bases around the country, and he gave a speech on the successful result of the training session and the emphasis for organizing following training work. Secretary Li said, “training Base (San He) of China Welding Association Robot Welding is built under a cautious consideration and inspection of China Welding Association. It is the second robot training base established in Beijing-Tianjin-Hebei region. We wish that this base will make a great contribution on talent-training by the aid of all the support and by taking advantage of the influence of base. ”
Wang Jianlin, the director of automation specialty of San He Vocational and Technical Education center, made a detailed briefing on the status quo of the base. After briefing, staff of CWA made a field visit on the training and examination sites.