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In the first quarter, LYC's technology system closely followed the market demand and strived to build a product group that demonstrated the advantages of LYC technology and market competitiveness. The majority of scientific research personnel are aiming at supporting bearings such as engineering machinery, wind power, ports, metallurgy, and turntables, which are optimistic about the industry situation, and are making great efforts to tackle technological problems, especially increasing new products with high technological content, high added value, high precision, and complicated structure. The development efforts have achieved significant results. Among them, 6 sets of construction machinery supporting bearings, 8 sets of marine supporting bearings, and 10 sets of precision equipment supporting bearings developed for users all show a promising trend of increasing gold content and steadily growing batch quantities.
LYC company technical system personnel said that although the first quarter of new product development has achieved certain results, but there is also a pre-research and development, advance development awareness is not strong, equipment conditions and product quality can not meet the needs of dedicated new product development and other issues. The company will establish a long-term mechanism for the development of new products, constantly improve the cost accounting and evaluation system for new products, effectively increase the investment in technical reforms to meet the development needs of the new product market, and promote the company's new product development work to obtain better economic benefits.
LYC's new product development in the first quarter contains high gold content
In the first quarter of this year, compared with the same period of last year, LYC developed new product varieties and output values. Although the variety decreased by 12.12%, the output value increased by 69.74%. The gold content of the company's new product development has shown a clear upward trend.
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