R&D has been intertwined into manufacturing operations - a distinctive charater of JASIC Technolog, which effectively enables continued quality upgrading of our products and services. Over time, this has become a competitive strength that is difficult to be duplicated by others. Going forward, we'll endevour to capture the opportunities brought about by IOT and AI for new generation products.
After almost one year of preparation and construction, JASIC’s newcorporate showroom covering an area of 800 square meters has become operationalon September 12nd, 2020. The showroom delivers an immersivepresentation of JASIC, with four sections showcasing different aspects of thecompany. Held in celebration of JASIC’s 15th anniversary, theopening of the new showroom marks the maturation of JASIC as a renowned weldingequipment manufacturer.
Corporate History Section
Product Display Section
The openning tour to JASIC's new Showroom
From a small factorywith merely 150 staffs back in 2005, JASIC has grown to become an internationalbusiness exporting to more than 80 countries and regions, with a $139 millionannual turnover* and over 1000 staffs worldwide. During these 15 years, JASICsets itself apart from the competition with its dedication to be anindispensable contributor to the world’s welding industry.
The story started with JASIC’sfounder Mr. Pan Lei, who has dedicated himself to the welding industry since1992. Unsatisfied with the status quo of China’s welding industry, he made a determinationto set up a business to produce advanced inverter welding machines in 2005. Andwith that idea, JASIC was born.
Mr. Pan Lei
Although JASIC ran inthe red in its first year, the situation soon turned around as a result of aseries of opportunities and the ability to seize them. In 2008, the company hasreached its first defining moment: JASIC products were chosen for theconstruction of Beijing Bird’s Nest Stadium for the Olympic Games.
JASIC welding machines were used in the construction of Beijing Bird’s Nest
Small but ambitious, JASIC has rejected the takeover bid from Lincoln Electric, the world leader in welding equipment. This determination to be independent has paid off: the company has achieved a CAGR of 29.97%* from 2006 to 2019, expanded its operation to 8 countries, and has become the parent of 5 fully-owned subsidiaries.
Global sales network
JASIC fully embraces the new development of welding industry, such as digital transformation, Internet of Things(IoT) and robotics. The company will roll out a full-digital, cloud empowered inverter welding machine in the second half of 2020. An advance full-digital welding machine range is set to be launched in 2021.
As for the further future, JASIC has set its eyes on IoT empowered industrial welding automation solution. The 15th anniversary of JASIC coincides with the most economically challenging year in the past three decades, but the company has managed to maintain its growth momentum. Always looking forward, JASIC is well on its path to become a world-class welding solution provider.
“Future of Welding”, the last section of JASIC’s new corporateshowroom
JASIC reported total operating revenue of USD 20.43 million for its first quarter of 2020, a decrease of 30.01% from the same period last year.
|Total operating revenue||$25,354,878.67||$29,196,697.42||$20,434,380.67|
Operating income has reached USD 5.52 million, a 7.87% year-on-year increase, while total profits are USD 4.86 million, down 5.17% compared to the previous year. Net profit attributable to shareholders is USD 4.14 million, slightly decreasing 2.98% from a year earlier, while earnings per share of USD 0.06 has remained steady in the first quarter compared to a year earlier.
|Net profit attributable to shareholders||$3,325,296.35||$4,272,983.83||$4,145,639.86|
|Earnings per share (in CNY)||0.05||0.06||0.06|
In its first half-year report, JASIC posted total operating revenue of USD 59.51 million, a decrease of 12.98% from the same period last year.
|Total operating revenue||$65,162,728.41||$68,388,158.30||$59,511,340.87|
Operating income is USD 16.61 million, a 9.56% year-on-year decline. Meanwhile, total profits are USD 15.94 million, down 13.32% compared to the previous year. Net profit attributable to shareholders is USD 13.57 million, falling 11.24% from a year earlier. Earnings per share is USD 0.20, dropping 4.76% compared to the previous year.
|Net profit attributable to shareholders||$12,471,108.60||$15,298,192.82||$13,579,142.45|
|Earnings per share (in CNY)||0.17||0.21||0.20|
As an indispensable part of JASIC’s business, export sales have reported operating revenue of USD 25.84 million in the first half year of 2020, a 10.34% year-on-year decline. Operating costs is USD 15.59 million, falling 12.39% from a year earlier, while gross margin has reached 39.64%，up 1.41% compared to the previous year.
The second half of 2020 is still full of uncertainties, but we will keep committing ourselves to product upgrade according to our company’s strategy. JASIC export department remains confident in maintaining its current momentum and preparing for the challenges in 2021.
2020 is going to be a very difficult year for many companies worldwide, as the global economy has been hard hit by the COVID-19 pandemic and incremental uncertainty posed by the trade war. However, JASIC remains in a strong position in China market because of its dominant brand influence and highly loyal customer base. Since China's reopening, JASIC’s products have been playing an active role in major construction and industrial projects throughout the country.
See how the "JASIC Orange" has lighten up job sites across China:
In Henan province, JASIC MIG welders have enjoyed a good reputation for its high efficiency and excellent welding performance.
In Jiangsu province, JASIC NZ-1250 SAW welder has stood out with its high welding quality, high efficiency, and wide adaptability for various job conditions.
In Shandong province, JASIC NBM-350 pulse MIG welder has been the go-to model for welding in various local industries thanks to its reduced spatter and excellent weld formation.
In Hunan province, JASIC plasma cutters have been seen in local construction machinery and automobile manufacturing sectors. Their superior cutting performance makes them indispensable to these sectors' daily operation.
As a welding machine manufacturer, JASIC is fully aware that its success lies in the economic well-being of China as well as that of the world. We are thrilled to witness JASIC’s presence in China economy's reopening. At the same time, we look forward to seeing the recovery of the world's economy, and we hope to play a bigger role in it than we did before.
As the Coronavirus outbreak has become a pandemic, personal protective equipment like face masks is in short supply outside China. In response to this, JASIC has decided to ship free masks to partners worldwide in an effort to help them cope with the virus.
In times of need, every bit of help counts. Almost 40,000 masks are to be packed and delivered to approximately 68 overseas distribution partners. A letter from JASIC’S President Mr. Pan along with the masks is to express sincere concern and best wishes to them.
During this period, we understand that our partners are experiencing a range of difficulties. However, we believe that hard times are temporary and can be overcome. And we’d like to express this belief in a somewhat concrete form. At the same time, we have been operating at a higher-than-average capacity since last week to fulfill our promise. So far no COVID-19 cases have been found, and we strive to remain 0 confirmed cases in our campus in the coming months.
Since the Coronavirus outbreak, JASIC has taken a host of measures to fight the virus. So far, JASIC is still fighting the Coronavirus.
Chinese President Xi has given critical instruction regarding the prevention and control of the Coronavirus.
Despite the Coronavirus outbreak, JASIC has resumed work according to local government guideline on Feb 16th, 2020. The company is currently under-staffed due to the fact that some of its employees are still in their quarantine. However, that doesn’t stop JASIC from delivering its promises. With help of JASIC senior management including President, over 10 containers for overseas delivery has been fulfilled on time.
It is also on Feb 16th, 2020 that Mr. Pan, JASIC’s president, has greeted all employees both in office and production line to boost morale.
To protect its employees and ensure production, the JASIC’s contingency task force has adopted a host of measures including thorough disinfection within campus, dedicated dining hall management, strict campus entry procedures, etc. since work resumption.
So far, JASIC has 0 confirmed cases of Coronavirus within its campus. And the company is confident about maintaining 0 infections. With gradual return of its work force, the company strives to meet its strategic performance targets despite setbacks.
As the coronavirus threat continues, JASIC has decided to provide support to the containment effort in Wuhan, China, on January 27th, 2020. The company has sent two batches of medical gears and construction material to the Leishenshan Hospital construction site. This is a specialist emergency hospital in Wuhan to treat people diagnosed with the virus, designed to house 1,600 beds and scheduled to be operational on February 5th, 2020.
The total contribution of JASIC’s material support amounts to 1 million RMB. And it is part of the containment effort support package delivered by JASIC, which also includes a cash donation of 4 million RMB to Wuhan via China Charity Federation (CCF). JASIC has also employed its global sales network to source additional medical gears to help the fight on the frontline in Wuhan.
Meanwhile, JASIC’s president, Mr. PAN Lei, has published an open letter addressing all JASIC customers & partners worldwide. In it, Mr. PAN sends his best wishes for Lunar New Year and expresses his confidence for China’s containment effort. At the same time, he calls for caution about the outbreak and welcome all efforts outside China to join JASIC in the fight.
In order to protect its employees, JASIC has extended the return-to-work date (from the Lunar New Year Holidays) to February 9th, 2020. For employees who have returned to Hubei province* where the outbreak is most severe, their return date has been further extended in response to local government’s demand. Moreover, a contingency task force has been established for outbreak prevention within all JASIC campuses. The team is also in charge of employee status tracking and coordination with local health authorities.
*: Wuhan is the capital of Hubei province, China.
Currently, all JASIC staff is encouraged to work at home in face of the outbreak. JASIC is confident to maintain its commercial operation during the extended period.
On 16th March, 2019, the company released its Annual Report of 2018. During the reported period, the company achieved a total gross revenue of 893.30 million yuan, rising by 10.76% compared with last year; Operating profit amounted to 221.88 million yuan, rising by 33.88% compared with last year; total profit amounted to 222.22 million yuan, rising by 33.80% compared with last year; net profit attributable to shareholders amounted to 190.78 million yuan, rising by 32.70% compared with last year; earnings per share was is 0.38 yuan, rising by 31.03% compared with last year.
Recently, Guangdong Science and Technology Department released officially the "Notice of Guangdong Science and Technology Department on the Accreditation of 2017 Guangdong Engineering Technology Research Center" (Guangdong Science and Technology Research Institute  No. 1649), announcing that JASIC had received the recognition of "Guangdong Welding Equipment Engineering Technology Research and Development Center".
The construction of provincial engineering technology research center aims to implement the spirit of Guangdong science and technology innovation conference thoroughly, promote the establishment of research and development institutions in enterprises above-designated scale, enhance the technological innovation capabilities of enterprises, universities and research institutes, accelerate the transformation of scientific and technological achievements, and provide support for the construction of national science and technology industry innovation center.
Leaders like Mr. Zhang Delin (former Chairman of China Welding Association), Mr. Song Tianhu (Chief Supervisor of China Mechanical Engineering Society), Mr. Li Liansheng (Vice President and Secretary General of China Welding Association), and Mr. Lu Zhenyang ( Vice President of China Welding Association) attended the conference. Along with many other industry experts, Mr. Song Tianhu and Mr. Lu Zhenyang presented their technical reports on the theme of “Developing High-end Products and Promoting Technological Innovation”, and conducted in-depth exchanges and discussions with delegates.
JASIC has always been focusing on technological innovation since its inception with a number of R&D centers established around the world. Large investment in technology research and development is guaranteed by committing more than 5% of total revenue each year to R&D fields.
The report also introduces the development trend of welding and cutting technology and the R&D achievements of JASIC. It indicates that a significant development direction lies in the control technology of inverter welder enabling realization of high-quality, delicate control on welding process which is based on the deep understanding of welding arc physics and droplet transfer and integrated with refined digital control technology; One of the development trends of inverter welder control technology is to achieve better welding performance by the application of digital control technology from the perspective of entire welding system; The another trend is the close combination of the control systems of inverter welder with internet, implicating that applications based on big data are becoming more widespread.
The spread of the 2019 Coronavirus outside China has become increasingly concerning in recent days. And this will no doubt affect workplaces in effected countries. As a manufacturing firm, some of JASIC’s practices may be applicable to similar companies who are facing the Coronavirus threat.
JASIC has seen 0 confirmed cases of the virus so far since the resumption of its operation. Comprehensive planning and strict execution are crucial. We really hope that our experience can help other companies overcome the COVID-19 challenge. Here’s what we have to share.
How JASIC Is Organized in Face of the COVID-19 Challenge, Click Here to View Enlarged Image
JASIC has adopted a top-down approach in terms of setting up interim contingency management. On the top, there is a disease control committee formed by members of the board and senior management, with its function being to direct and coordinate all virus prevention effort within and outside the company.
Then comes the team formed by division heads, whose job is to implement the directives issued by the committee, to handle contingencies, and to supervise subordinating departments. The team will provide daily status report to the committee and is accountable for the validity of their information.
Under the team, a task force formed by department heads is responsible for arranging accommodation for returning employees, overseeing virus prevention policies compliance, and providing consult to employees. The task force reports to the division head team.
One thing that we need to point out here is that status report coming from all level within the company is synchronized across all level via our ERPS, which means that information is shared simultaneously from the top to the bottom.
This is the most important part of JASIC’s virus prevention practices, as the effectiveness of the prevention depends mainly on blocking the Coronavirus from entering our corporate campus. We will explain the procedures under the below 2 circumstances:
In our case, all employees returned to their hometown or residences before the COVID-19 outbreak because of the Chinese New Year holidays. When work resumed, employees who falls under the below categories were denied entry to campus and needed to work in their residences for a period of 14 days (the “self-quarantine” period):
Employees that do not belong to any of the categories need to submit a brief personal status report to JASIC’s Coronavirus Task Force. The information will be consolidated and passed on to the Team of Division Heads and then the Disease Control Committee for review and approval.
A name list of eligible employees will then be submitted to corporate security for notice. And all eligible employees will be issued a dedicated entry badge. While entering campus, all employees are subject to security check on entry badge, mask, body temperature and symptoms. Those who are denied entry will have to go through a comprehensive health assessment outside the campus.
Employees who are granted entry need to submit their personal status reports at the end of the day to the Task Force. The company will rerun the procedures mentioned above on a daily basis. Local health authorities provide assistance and coordination in case of necessity.
Typical Procedure for Daily Campus Entry Control, Click Here to View Enlarged Image
All personnel must wear medical grade face masks* according to local health authorities’ guidance at all time.
All personnel must maintain a minimum distance of 1m from others.
All indoor facilities must maintain good ventilation, except specific production lines that need to operate in special environments, employees working in those environments must put on biohazard suits issued by the company
Disinfection work is carried out in all indoor facilities at least twice a day
Avoid unnecessary meetings, keep important meetings brief and the participants in separated seats, use of remote meeting mobile app is encouraged
The Task Force and Corporate Security retain the right to expel any personnel that does not comply to the above policies
*: JASIC issues 3 medical grade masks for each employee every 2 days.
Masks and regular body temperature check are mandatory within JASIC's campus.
The Task Force is responsible for providing mandatory hand sanitization to all employees entering the dining hall
To control traffic into the dining hall, employees are split in to various groups, different groups will enter the dining hall in different time for lunch
All employees must sit separately while in the dining hall
A minimum distance of 1m must be observed within the dining hall at all time
Disposable dishware is used during the whole outbreak period, and employees are encouraged to bring their own reusables
No fidgeting with smartphones or any other objects brought from outside the dining hall
No talking or any other close-range interaction allowed in the dining hall
All employees must leave the dining hall immediately after finishing their meal, except for hall staffs and Task Force personnel
Dining hall is sanitized at least 3 times a day
Only employees living in the dormitory have clearance to it, and such clearance is presented on their entry badge
All general virus prevention policies also apply to the dining hall and dormitory
Dining hall staffs provide hand sanitization for all employees
All employees are sitted seperately while in dining hall.
Notice the yellow markings on dining hall's floor, which keeps all employees distanced from one another.
As citizens of the first country hit by the Coronavirus, we cannot stress enough that this virus is highly contagious despite its relative low kill rate compared to SARS and MERS. As the fight goes on, we sincerely hope that manufacturing companies worldwide can live up to the challenge and minimize the disruptive effect the COVID-19 has on the global supply chain. Our thoughts are with all the people who are battling against the outbreak, either directly or indirectly.
China Welding Association Document
China Welding Industry Forum 2019 – High Efficiency Welding Technology and Application
To Relevant Units,
TheChina Welding Industry Forum 2019- “High Efficiency Welding Technology AndApplication” will be held from June 22 to 24, 2019 in Shanghai. This forum is hostedby China Welding Association (CWA), instructed by Chinese MechanicalEngineering Society (CMES), co-organized by American Welding Society (AWS),Singapore Welding Society (SWS), CMES welding branch, and Electric WelderBranch of China Electrical Equipment Industrial Association, organized by WeldingEquipment Branch of CWA, and supported by Shanghai Kumao Robot Welding Co., Ltd.and Shenzhen Megmeet Welding Co., Ltd. Promotional media includes Welding, Electric Welding Machine, MetalProcesings, Welding Technique, CHINA WELDING, Robot Technique and Application,and Welding Digest of Machinery Manufacturing.
ChinaWelding Industry Forum has been held successfully for 13 sessions with 14meetings since 2006. It has been promoting the development of welding industryin the form of forums for 13 consecutive years. By integrating new developmenttrend, the Forum this year will invite famous welding experts at home and abroadto present their thematic reports on High Efficiency Welding Technology and Applicationin the form of invited talk. The forum pays attention to the maturity oftechnology and aims to guide the industry to utilize reasonably and promotehigh efficiency welding technology. Learn latest news about the Forum, pleasevisit the official website of CWA (http://www.cwa.com.cn),entering into the "China Welding Industry Forum" section.
OrganizingCommittee of China Welding Industry Forum of CWA
Phone:0451-8634 0850-1008 Mobile: 187-2461-1763 Email: firstname.lastname@example.org
Phone:010-6394-3751 Mobile: 132-6121-1870Email:email@example.com
On 3rd November, the grand award ceremony for “Celebration of 20th Anniversary of China Weldnet——A Glance of Welding Corporation” is held in Shenzhen. More than 130 members attend this meeting, including China Welding Association vice chairman and secretary general Li Liansheng, China Welding Association vice chairman Lu zhenyang、Feng Meijuan、Liu Zhen、Wang Chunsheng、Wang Lujun、Chen Qingyang, Xie Weixin and etc..
As time went by, “China Weldnet” has gone through a journey of 20 years. Over the years, “China Weldnet” witnessed and has participated in the progress of building internetwork for Chinese Welding Industry.
In Jul. 1998, China Welding Association built “China Weldnet”. In Jul. 2008, China Weldnet’s daily page visitors exceeded twenty thousand, daily click over two hundred thousand, which set China Weldnet rank first among all the other websites of welding industry. In 2018, its thematic sections have reached 32 at the moment; membership enrollment exceeded thirty thousand, and the search volume of its database ranks first in welding industry.
From 2000, “China Weldnet” started to launch E-journal
In October 2012, “China Welding Equipmentnet” was launched, which is a branch of Information website. Now it has 22 professional sections.
In October 2017, “China Welding Association Welding Products Certification and Recognition System” is built in the cooperation with “CAMMM” of China Academy of Machinery Science & Technology. For a year, this system whose certificated products reach more than 3000 pieces has been registered and used by 60 corporations. This system provides a platform for corporations to check the reliability of products and to supervise its quality, which helps to solve the problem of warranty of welding products quality in network market.
In order to promote the development of manufactural network, China Welding Association endowed “Weldingnet” as the applied platform of Information website. This act aims at improving service online through digital, network and intelligence work.
For celebrating 20th anniversary of the establishment of China Weldnet and expressing gratitude for all supportive corporations, in June 2018 China Welding Association launch a series of activities to show all these supportive corporations in welding industry.
23 corporations and 38 individuals sign up for participating in this activity, and a group of experts from China Welding Association assess the submitted documents. The assessment on corporations is taken from these dimensions: an overview of corporation, its culture, its success, its blueprint, its support and contribution to website and individual’s contribution. After the assessment, fifteen corporations are awarded with “the outstanding demeanor” prize, and fifteen individuals are awarded with “the advanced information work” prize. The award information will be presented on “China Weldnet” for a week, then the list of prize-winners will be confirmed if nobody is against this decision.
During the assessment, the awarded corporations fully show their capacity, market-driving force and influence. From the establishment of website to date, these corporation always stand behind and have confidence on “China Weldnet”; they make a great contribution for the success of “China Weldnet”.
Here is fifteen corporations awarded with the “outstanding demeanor” prize:
The corporations for giving outstanding contribution for the 20th anniversary of the establishment of “China Weldnet” (listed in a random order)
“The presentation for the corporations with the “outstanding demeanor”
Shenzhen Jasic Technology CO.,LTD
Tianjin Golden Bridge Welding Material Group Co., Ltd
Atlantic China Welding Consumables, INC.
Tianjin Bridge Welding Materials Group Co., Ltd
Harbin Welding Institute Limited Company
Tangshan Kaiyuan Electric Group Co., Ltd
Shenzhen Riland Industry Co., Ltd
Kunshan Jingqun Welding Materials Technology Co., Ltd
Shenzhen Hua YiLong Electric Co., Ltd
Zhuhai Funisi Welding Technology Co., Ltd
Xionggu Electrical Co., Ltd
Abicor Binzel(Guangzhou) Welding Equipment Co., Ltd
Changzhou Huaqiang Welding & Cutting Equipment Co., LTD
ESAB Welding & Cutting Equipment (Shanghai) Management Co., Ltd
ESAB Welding & Cutting Equipment (Shanghai) Management Co., Ltd
The corporations are awarded by vice president and general secretary Li Liansheng and vice president Chen Qingyang
The corporations are awarded by vice president Liu Zhen and Xie Weixin
For “the advanced information work” prize, fifteen individuals are awarded for their excellent work of communicator in their corporation. They can describe corporations’ requirement for the application of website in time, describe corporations’ status quo, and share the information of products’ supply and demand. Their contribution plays a key role for “China Weldnet” to explore corporations’ need, to grasp this industry’s direction in time, to adjust website’s operational strategy so as to follow the developing direction of welding industry. The sustainable development of “China Weldnet” relies greatly on their contribution.
These honorable individuals are: Pan Huiyong、Zhu Tian、Zhang Xiaobai、 Ma hensheng、Han Bin、Lei Pei、Tong Tianwang、Chen Wubin、Liu Qifang、Zhang Min、Juergen、 Weisshaar、Long Yilin、Meng Yunlin、Yang Xiuyong, Sun Jinggang.
They are awarded by vice general secretary Wang Linshu and Zhang Huawei.
They are awarded by vice general secretary Piao Dongguang and Wu Jiupeng.
After its development for 20 years, “China Weldnet” already has a large-scale of targeted information-spread group and a professional data group on weld including more than 300 thousand pieces of messages. Besides, “China Weldnet” has three branches: “China Welding Equipmentnet”, “China Welding Association Welding Products Certification and Recognition System”, and “Weldingnet”. Thanks to these branched websites, “China Weldnet” makes an improvement in providing service on welding equipment application, products’ certification and welding materials. If you use search engine like Baidu or Sogou, “China Weldnet” ranks first and can be described as the most influential integrated service platform in welding industry.
The success of “China Weldnet” depends on all the assistance and support from members and colleagues. Thanks all the attention and support given to us, “China Weldnet” wish to make progress in bring much more contribution in leading the development of welding industry websites.
On 9th March 2019, a grand opening ceremony of “training base (San He) of China Welding Association Robot Welding” has been held at San He Vocational and Technical Education Center. These representatives attend this opening ceremony: general secretary of CWA Li Liansheng, vice president and director of education and training department of CWA Lu Zhenyang, general secretary of education and training of CWA Chen Shujun, secretary of CWA Li Bo, vice president of Education and Sports Bureau of San He Meng Xianfu, executive vice president of San He Vocational and Technical Education Center Gao Lianqi, vice president of San He Vocational and Technical Education Center Hou Fuhui and Li Ruixiang, bureau director Yuan Chenchen, director of automation specialty Wang Jianlin, leader of Robot welding specialty Yang Meng and Professor of Beijing Institute of Petrochemical Technology Wang Zhonghui.
The opening ceremony was presided by headmaster Gao Lianqi. At the beginning of the ceremony, headmaster Gao gave a warmly welcome for all representatives; then he introduced the school’s education principle, developing goal and its equipments. He also expressed gratitude for China Welding Association, who always has confidence on them. As headmaster Gao said, CWA chose San He Vocational and Educational Center as its base, which provides opportunity to the following training work for the school. He promised of keeping the innovative spirit during the training work for Robot welding.
General secretary of China Welding Association Li Liansheng congratulated the establishment of “Training Base (San He) of China Welding Association Robot Welding”. He brought status quo of the establishment of CWA training bases around the country, and he gave a speech on the successful result of the training session and the emphasis for organizing following training work. Secretary Li said, “training Base (San He) of China Welding Association Robot Welding is built under a cautious consideration and inspection of China Welding Association. It is the second robot training base established in Beijing-Tianjin-Hebei region. We wish that this base will make a great contribution on talent-training by the aid of all the support and by taking advantage of the influence of base. ”
Wang Jianlin, the director of automation specialty of San He Vocational and Technical Education center, made a detailed briefing on the status quo of the base. After briefing, staff of CWA made a field visit on the training and examination sites.