From January to March 2022, the global situation will be violently volatile, and the market will experience huge uncertainty. The overall development of our company is relatively stable.
The number of new orders exceeds expectations
The number of new orders our company received from January to March exceeded the target, which is due to the fact that we received some orders for casting Precision Machining Parts with a large amount, because we have obvious quality and price advantages in casting products, helping us We received a large number of orders in this area after the beginning of the year, which offset the impact of the decline in orders from overseas old customers.
Compared with the majority of our peers, our achievements are not easy to come by. Many machining counterparts have encountered the unfavorable situation of declining orders, and business operations are facing greater difficulties.
Production is generally stable
Since March, due to the impact of the epidemic, some foundries have not been able to deliver in time, affecting our production and delivery. Overall, production is still relatively stable, and the delivery rate and product qualification rate i have remained at a good level.
Especially with our second production base, the new factory in Chizhou, Anhui is on the right track, which has greatly improved our machining production capacity and can meet the new orders from customers.
New factory situation
Since the beginning of this year, we have purchased more than 5 million yuan of machining and inspection equipment in our new factory in Chizhou, Anhui. Currently, there are 12 machining centers and 14 lathes, all of which are brand-new machining equipment, which can ensure the machining accuracy of products. The inspection equipment purchased three coordinates and imagers.
As of the end of March, there are 25 employees, all of whom have machining experience. We strictly follow the process of the Ningbo factory and require employees to strictly follow the process card production and self-inspection to ensure product quality.
Outlook for the second quarter
We believe that the biggest risk in the second quarter is the risk of the epidemic. If the epidemic can be stabilized and the upstream casting and forging suppliers can produce and deliver goods normally, then our factory can complete the order and deliver it on time.
The situation abroad may also be difficult to improve in the second quarter, and orders from overseas customers are expected to be difficult to return to normal levels in the second quarter, which may have an impact on our new order level.
Summarize
As an excellent precision parts machining manufacturer in Ningbo, our company's situation from January to March also reflects the current situation of the entire Precision Machining industry. The production and sales are generally stable, but we have encountered some challenges and difficulties. We believe that we have the ability to deal with and overcome them. These are difficult because we have an excellent team.
For precision parts, please contact us.
