Dongfang Yipeng Wins Numerous Awards: Perseverance and Development of Private Manufacturing in Times of Change

Recently, Lushunkou District held a symposium for entrepreneurs titled "Benefit Enterprises, Prosper the District, and Integrate Through Collaboration," as well as the launch ceremony for the "2025 Industrial Ecosystem Quality Improvement and Upgrade" series of activities. The event recognized outstanding enterprises that have achieved remarkable results in their respective fields and made significant contributions to "strengthening industrial chains and stabilizing growth." It involved in-depth study and implementation of the important speeches and instructions of General Secretary Xi Jinping during his inspection of Liaoning, vigorously promoting the spirit of entrepreneurship, and actively fostering a strong atmosphere of respect for entrepreneurs and innovators. The aim is to further boost confidence, inspire enthusiasm, and consolidate strong forces to win the final battle of the 14th Five-Year Plan and lay a solid foundation for a good start to the 15th Five-Year Plan.

At the meeting, Dalian Dongfang Yipeng Equipment Manufacturing Co., Ltd. was awarded the 2024 "Special Contribution Award for Steady Growth" by the Lushunkou District Government. Xing Pengwan, Chairman of Dongfang Yipeng, attended the symposium and accepted the award on stage. This is another recognition from the local government for Dongfang Yipeng, following awards such as "Major Taxpayer" and "Economic Contribution Award" from Dalian Lushunkou District. Dongfang Yipeng not only demonstrates the resilience of excellent private enterprises but also provides insights into how to develop the private real economy in the current complex economic environment.

Twenty Years of Adherence: Manufacturing A Sample of "Hard Power"

Dongfang Yipeng's growth trajectory is a model for private manufacturing. For over two decades, the company has firmly anchored itself in the real economy. Its products cover the petroleum refining, petrochemical, coal chemical, natural gas, new energy, new materials, nuclear industry, military industry, and environmental protection sectors. It has gradually grown into a national high-tech enterprise and has been included in the list of specialized, sophisticated, and new small and medium-sized enterprises in Liaoning Province, innovative small and medium-sized enterprises in Liaoning Province, and has been among the "Top 100 Manufacturing Enterprises in Dalian" for many years, even once ranking among the "Top 500 Petroleum and Chemical Enterprises in China." This long-term focus on its main business, without blindly diversifying, is precisely the core ability of private enterprises to withstand risks. In today's world, where globalization is facing headwinds, this determination to "cultivate a single field" is particularly valuable, like a stabilizing force.

Innovation-Driven: Industry-Academia-Research Alliances Enhance Intelligent Manufacturing

Faced with the pressure of restructuring the international industrial chain, Dongfang Yipeng chose to break through with innovation. The company has successively carried out industry-academia-research cooperation with Dalian University of Technology, Dalian Maritime University, Liaoning Petrochemical University, Sinopec (Dalian) Petrochemical Research Institute, Dalian Institute of Chemical Physics, Beijing University of Chemical Technology, and other universities and research institutions, initiating the establishment of the "Liaoning Dongfang Yipeng Heavy Equipment Industry-Academia-Research Alliance." By improving the rate of technology transfer, it enhances intelligent manufacturing capabilities and continuously improves the technological content and added value of its products. This approach directly addresses a pain point of Chinese manufacturing—insufficient added value. Data shows that China's technology transfer rate is only around 30%, while the practice of Dongfang Yipeng successfully manufacturing world-class super-large coiled tube heat exchangers for Sinopec shows that private enterprises can fully improve the rate of technology transfer, enhance intelligent manufacturing, and seize the high end of the value chain through collaborative innovation and adapting production to local conditions.

The Great Cause of Revival: The Times' Mission of the Private Economy  

       Currently, the global economy faces multiple challenges, including the rise of unilateralism, increased tariff barriers, and supply chain disruptions. The world is undergoing a period of profound change unseen in a century, with the external environment becoming more complex and severe. Geopolitical tensions and regional conflicts have had a greater impact on both domestic and international economic cycles. However, the case of Dongfang Yipeng demonstrates the unique value of the private economy. Private enterprises have contributed more than 50% of tax revenue, 60% of GDP, 70% of technological innovation achievements, 80% of urban employment, and 90% of the number of enterprises in China. Dongfang Yipeng has not only become a major taxpayer in the area but has also been a major employer for many years, achieving remarkable economic and social benefits.

       In the face of the domestic and international environment, Dongfang Yipeng adheres to the principle of seeking progress while maintaining stability and innovation while upholding the right principles, responding to change with constancy. It has set global development as its strategic goal, giving full play to the domestic and international "dual circulation" development strategy, targeting overseas markets, vigorously expanding "Belt and Road" overseas trade, and exporting products to several countries and regions. Private enterprises are an indispensable force driving China's development and a vital force in national rejuvenation and achieving Chinese-style modernization. This year's National People's Congress and Chinese People's Political Consultative Conference clearly proposed "vigorously developing the private economy," and the legislative process of the "Private Economy Promotion Law" is accelerating, with the policy environment continuously improving, injecting a strong stimulant into the development of private enterprises and the private economy.

The Path to Breakthrough: Support and Self-Reliance of Enterprises   

       To unleash the vitality of the private economy requires a dual-engine drive: on the one hand, it is necessary to protect property rights through legislation and break down barriers to market entry; on the other hand, enterprises themselves must carry forward the spirit of entrepreneurship and continue to invest in technological innovation and management upgrades. As demonstrated by Dongfang Yipeng, only by transforming policy dividends into endogenous driving force, increasing investment in technology and enterprise digital development, strengthening intelligent manufacturing, and improving the technological content and added value of products, can we break through in the "century of change."

       At this new starting point, China's private economy is ushering in a historic spring. The development of Dongfang Yipeng proves that private enterprises that adhere to their manufacturing responsibilities and embrace innovative changes are fully capable of growing into "small giants" in the face of storms. When more enterprises embark on this path of high-quality development, the resilience of the Chinese economy will be further enhanced.

       The spirit of private entrepreneurs is commendable, and the private economy has great potential!