Recently, Shengli Oilfield, Xinjiang Oilfield more than 20 units immediately with the Funing Quadruple Valve Co., Ltd. signed a nearly 10 million yuan valve supply contract. As of November, the company's production orders in the first quarter of next year have all been full. Funing Quadruple Valve Co., Ltd. is Funing valve factory bankruptcy, the original factory by the open floor, Qiu Fengxin, Zou Qijian and other three technicians in 2002 self-financing, joint venture founded a joint-stock enterprises. This year, the strong growth momentum of the company is mainly due to independent innovation. First, innovation investment mechanism to improve the scale of benefits. Since the company was put into operation, new projects have been put into operation every year, and the scale of production has been expanded every year. Last year, the company invested 5.5 million yuan to newly build a metalworking workshop. This year, it invested 10.8 million yuan to purchase 6 gold cutting equipment with international advanced technologies, which increased its production capacity four times over the previous one. Second, innovation management mechanism to reduce production costs. In terms of quality management, the company has set up a set of rules and regulations such as self-inspection, mutual inspection, group inspection, general inspection and factory inspection, and implemented the quality salary system in an all-round way. Now the first-class rate of the company's products remains above 95% In terms of target cost management, they implemented a system of open competition among suppliers, where all the purchased raw materials should be sold at a ratio of three while insisting on quantifying the internal costs to teams and individuals. At present, the company has basically formed a "three full and one strict" cost management system (full cost, the whole process of catch the cost, all-round grasp of costs, strict examination). Third, innovate technical mechanisms to speed up new product development. On the one hand, they deployed 16 smart and competent scientists and technicians in the factory and set up a valve research and development center. On the other hand, it has established close cooperative relations with more than 20 scientific research departments and tertiary institutions such as Beijing Iron and Steel Research Institute and Nanjing University of Science and Technology successively and developed a number of science and technology partners. Since last year, they have successfully developed six new products, of which two products have filled the domestic blank and obtained international patents.