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The proposed fund-raising for ultra-precision bearing intelligent manufacturing expansion project, high-end bearing intelligent manufacturing project, ultra-precision, high-performance bearings and precision rolling parts innovation research and development project, industrial bearing intelligent transformation project, supplementary working capital.

As the project progresses, SKF Jinan is also continuing its lean approach to operations, accelerating the practice of safe and clean production, and embarking on a new journey of global operational excellence in a smarter and cleaner way.

This win once again demonstrates CIMC ENRIC's industry-leading strength in the LNG engineering field, and we will continue to provide our customers with energy-saving and efficiency-enhancing total solutions to help the construction of important livelihood protection projects in the LNG field."

The winning of this project demonstrates the excellent performance and long-term safety and stability of Shanghai Electric’s ultra-supercritical mainframe equipment in the field of high-efficiency clean energy, which fully reflects the market’s recognition of the quality of Shanghai Electric’s products, and further consolidates Shanghai Electric’s leading position and significant advantages in large thermal power units and further increases the market share of secondary reheat mainframe equipment.

The Shaft Research Institute's R&D team has carried out research on the basic scientific issues of bearing dynamics and motion simulation in unsteady state conditions during repeated use and the characteristics of high churning and shear flow-solid-thermal coupling of ultra-low temperature high-speed bearing fluids, successfully solving the key technologies of multiple start-stop and long-life ultra-low temperature bearing design and test verification.

The visit to SKF Group's headquarters in Sweden was a further exchange of senior-level visits between the two sides following SKF China and Northeast Asia President Wang Hui's visit to Wolong's headquarters in Shangyu in March, signifying that SKF and Wolong are working together to promote the layout of the entire value ecosystem of the relevant industries and establish a longer-term, more comprehensive and deeper partnership.

The bearings of the three projects have been installed and applied by many customers, showing reliable operation and good results, meeting the requirements of use and realizing the replacement of localization, with significant economic and social benefits.

We will take our 20th anniversary as a new starting point and set out again on a course that is responsive to market needs.

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