From Zhaoqing to the World: With an output value of over 1.3 billion yuan, why did this listed company set up its factory in Sihui City

Friday, August 16, 2024

With an output value of over 1.3 billion yuan, why did this listed company set up its factory in Sihui City

Invest in China 2024-08-16 21:53 Guangdong, China

Standing in the production workshop of Sihui Fushi Electronic Technology Co., Ltd., a set of equipment for making printed circuit boards is operating efficiently under the precise cooperation of the manipulator, and batches of printed circuit boards are going from here to the whole country and overseas.

"The company's output value in 2023 has exceeded 1.3 billion yuan, and tax revenue has exceeded 90 million yuan. Among the nearly 1,800 employees, nearly 800 are registered residents of Sihui, contributing a large economic benefit to the local area." He Xiaoguo, assistant to the chairman of Sihui Fushi Electronic Technology Co., Ltd. (hereinafter referred to as "Fushi Electronic"), introduced.

Production line of Sihui Fushi Electronic Technology Co., Ltd. Photo by Shi Liang, a reporter from Southern +

As the first local listed company in Sihui, Fushi Electronic focuses on the research and development, production and sales of printed circuit boards (PCBs), with more than 60% exported, of which industrial control and automotive electronics account for 80% of the total revenue. Since its establishment in 2009, the company has taken root in Sihui for 15 years and went public in July 2020.

Sihui has witnessed the growth and development of this local company, and the company has also contributed to Sihui's industrialization process in the electronic information industry.

Choose Sihui and improve the level of automation through technological transformation

When it was first established in 2009, the company chose Sihui as its address, not only for its advantages in water, electricity, labor, policies, etc., but also for its excellent geographical location.

He Xiaoguo introduced

"XiaMao Town is not far from the Pearl River Delta, especially Dongguan, Shenzhen, Guangzhou and other places with developed industries. Printed circuit boards, as the mother of electronic products, are supporting related electronic products, and the Pearl River Delta is the most complete region in the electronic information industry chain. All our equipment and materials can be met within a radius of 300 kilometers, which is also a major reason why our industrial layout is concentrated in Sihui."

Sihui Fushi Electronic Technology Co., Ltd. Photo provided by the interviewee

Starting from scratch, Fushi Electronics' workshops and factories have been gradually expanded. What has changed is the growing plant area, the number of workers, the increasing level of automation and the increase in automated production lines. What remains unchanged is that Sihui has always been the "basic plate" and "base".

He Xiaoguo introduced

"The early workshops had a low degree of automation, and followed the model and small and medium-sized batch routes. Now, with the expansion of the factory scale, our automation and information levels are constantly improving. Through the introduction of advanced equipment, we can achieve small, medium and large batch production of all categories."

Speaking of the improvement of the automation level, we have to mention the most critical technological transformation of the company. There is an intuitive data

--In 2020, the company only had one invention patent, but by 2024, the number of authorized invention patents of the company has jumped to 16.

Sihui Fushi Electronic Technology Co., Ltd. Image source: Sihui Release

He Xiaoguo introduced

"In the past three years, the company's average annual investment in technical transformation has been about 80 million yuan, continuously enhancing its technical strength and promoting the company to become the leader and main force of Sihui's electronic information industry chain."

From being the only industry "seedling" to enter Sihui in 2009, to attracting a number of related companies to settle in the local area and improve the industrial ecology, Fushi Electronics has played a demonstration effect on the improvement of Sihui's electronic information industry chain.

He Xiaoguo said

"We set up a banner here to help Sihui attract companies related to the electronic information industry chain to settle in, so that everyone can share the industry chain, work together, and jointly promote the development of the industry and regional economy."

A large number of local employees are hired, employment is absorbed, and residents' sense of happiness is improved

In the workshop of Fushi Electronics, a 10-page A4 paper opinion column hanging on the wall is very eye-catching. "The work clothes are very wrinkled and the quality is not good." "The food in the canteen is not fresh enough." "The mechanism and standards for new employee training are not perfect."... It is this column full of employee opinions that has become the most warm existence in the manufacturing workshop besides the cold instruments and equipment.

In this "July General Affairs Employee Opinion Column", from food, clothing, housing and transportation to work environment, and then to training mechanisms and R&D processes, all are employees' opinions and suggestions on the company's production and life.

Sihui Fushi Electronics Workshop. Photo by Liu Shunxin of Southern +

Making demands is only part of it, and implementing the problem is the key. The company has truly achieved "employees have needs, and the company has responses." After each opinion, the responsible person, relevant replies and completion dates are listed to ensure that the employee's opinions are implemented.

He Xiaoguo said

"Many employees have stayed in our company since the factory opened, and many of them are family members. Among the nearly 1,800 employees at present, nearly 800 are registered residents of Sihui, which fully promoted the employment of local residents and increased residents' income."

In addition to caring for employees, the reason why this place can attract and retain a group of local employees is inseparable from an important reason-relatively generous salary guarantees.

"Employees' salaries are generally high, with an average of about 8,000 yuan per person per month. With higher salaries, employees' happiness will improve and they will work harder, which is not only beneficial to enterprise management, but also will promote enterprise development and social harmony."

Sihui Fushi Electronics Workshop. Photo by Liu Shunxin of Nanfang+

He Xiaoguo said

"The technology of printed circuit boards has been iterating, and new materials, new technologies, and new processes are constantly emerging, driving the development of the industry all the time. Therefore, we should pay close attention to the industry situation, maintain high investment in technology, promote the high-quality development of enterprises with innovative research and development as the driving force, and contribute to society. This is our next development direction."

Sihui City--China's key cities for attracting foreign investment

Investment Promotion Bureau of Sihui City

Address: 3F, Administrative Center, Dongcheng Street, Sihui City, Guangdong Province

Tel: 0086-758-3611228

Fax: 0086-758-3611188

Email: SHQYFW@VIP.163.com

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