China Economic Weekly - Economic Net news (reporter Li Yonghua) "After the acquisition of Germany BOGE created its historical good performance, synergistic effect is obvious, the next step will be to promote the in-depth integration of both sides in many aspects." On May 5th, Li Donglin, chairman of Times New Material (600458.SH), said in an interview with China Economic Weekly that BOGE's cutting-edge development in industry 4.0 smart factory has brought great inspiration to Times New Material, and the company will explore the construction of smart factory in China in the future.

Li Donglin said the company is accelerating the full integration with BOGE. First of all, the company is arranging talents from all business lines to share technology and experience with BOGE, so as to better cooperate with Chinese enterprises in the international market with the help of BOGE's international experience. Second, the company will expand capacity in seven global automotive markets, especially in the Mechanical solenoid valve market in China. It will introduce BOGE's advanced production methods to China and accelerate the development of the variable solenoid valve base in Wuxi, Jiangsu Province. Third, the company will vigorously enter the field of solenoid valve pneumatic of new energy vehicles, and combine BOGE's technological advantages in the field of rubber materials with the electronic technology of Time Electric (03898.HK, the same holding subsidiary of CRRC Zhuzhou Research Institute with Time New Material), so as to tackle the new generation technology of "material + electronics".

Yang Jun, general manager of Times New Material, introduced that in 2015, the company reversely integrated the original domestic auto business into BOGE, which is managed by the BOGE team. The comprehensive asset integration is expected to be completed in July this year. "BOGE made drastic changes, reducing its management team from six to one, reducing its headcount significantly and turning a loss into a profit in 2015."

Military products from the army equipment to the sea, land and air comprehensive extension in 2018 May be a breakthrough

"This year, our military products sales close to 200 million yuan, mainly army equipment," Said Yang Jun, the company in weapons and equipment lightweight technology has strong technical and sales advantages, the future will be to the navy and air force equipment, there are currently more than 30 projects in the research, some products have been trial installation and small batch sales.

At present, times New Material has passed the military industry level iii confidential qualification and GJB system certification, weapons and equipment scientific research and production license on-site review, to obtain all the qualifications to enter the military market, the door to the military market fully open.

In addition, according to the Reporter of China Economic Weekly, times New Material has established a strategic cooperative relationship with National University of Defense Technology, which has also played a driving role in the military research and development of Times New Material.

However, because of the long development and verification cycle of military products, Yang jun said, it is difficult to achieve large-scale growth in the short term. "At present, ship-related products may be sold in bulk in 2018, and the sales scale of military products will increase."

Wind turbine blades have entered a stage of steady growth, and the growth target is 4 billion yuan during the 13th Five-Year Plan period

The announcement of Times New Material shows that the company completed the annual sales revenue of 2.441 billion yuan of wind power blades, with a year-on-year growth of 75.96%. Now it has five strategic customers, including Zhejiang Yunda, Vision Energy, XEMC (11.240, 0.04, 0.36%), Huachuang Wind Power and CRRC Zhuzhou, and the order share of strategic customers reaches 85%.

In 2015, the wind power market was in good shape. The leading wind power host company -- Goldwind Technology (15.240, 0.04, 0.26%) said that the domestic wind power installed capacity continued to grow rapidly in 2015 due to the competition effect brought by the reduction of benchmark electricity price, and its net profit increased by 56% year on year. Yang Jun introduced that times New Material has established a firm strategic cooperative relationship with Goldwind Technology, the rapid development of host enterprises will drive the continuous growth of wind turbine blade market.

However, it can not be ignored that the wind power market in the north is still facing the power dilemma of wind abandoning nest. According to the statistics of the National Energy Administration, the annual wind curtailment power was 33.9 billion KWH in 2015, with an average wind curtailment rate of 15%, an increase of 7 percentage points year-on-year. After the rush to install in 2015, wind power may usher in a phase of steady growth. As one of the strategic customers of Times New Materials, Liu Xiudao, chairman of XEMC, has said that the wind power sector will be prudently developed in 2016. Yang jun also said that thanks to the improvement of the company's customer structure, as well as the company's leading advantage in low wind speed and anti-freezing blade technology in the south, wind power blades are still expected to achieve certain growth in 2016, and the sales target of the 13th Five-Year plan is 4 billion yuan.

The 2015 annual report of Times New Material shows that the company completed sales revenue of 10.825 billion yuan, up 80.2% year on year, and the net profit attributable to shareholders of listed companies was 256 million yuan, up 256.9%.