Dalian Pass Gas Equipment Co., Ltd.

2002-03-22
Medium-sized
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Company Profile

Dalian Pace Gas Equipment Co., Ltd. (hereinafter referred to as "the Company"), established in March 2002, is a wholly-owned subsidiary of Shuifa Pace Gas Co., Ltd. (603318.SH), a first-level subsidiary of Shuifa Group, a provincial state-owned enterprise in Shandong Province. The registered capital is 10 million yuan, with total assets of 530 million yuan. The Company primarily engages in the manufacturing of products related to gas transmission and gas application fields, providing pressure regulation systems for natural gas transmission and pretreatment systems for natural gas power generation. The products are mainly used in large-scale gas-fired power plants. The Company integrates technical solution formulation, system engineering design, equipment selection, on-site installation guidance, equipment commissioning, and operator training, providing global customers with comprehensive equipment for gas transmission and gas applications, as well as full-process solutions covering product design, production, sales, and services. The products are exported to more than 40 countries and regions worldwide.

The Company currently has two manufacturing bases, covering an area of approximately 68,000 square meters with a built-up area of about 50,000 square meters. The Company has 12 functional departments with 247 employees. Among them, technical R&D personnel account for 30%, with professional and technical personnel holding college degrees or above accounting for 97%, and personnel with intermediate or senior technical titles accounting for 26%. After years of development, the Company has received numerous accolades for technological innovation, including "National High-Tech Enterprise," "Provincial Specialized, Refined, and New Enterprise," "Dalian Industrial Technology Center," and "Liaoning Quality Benchmark." To date, the Company holds 9 invention patents, 63 utility model patents, and 3 software copyrights, and actively explores new product development, especially in gas turbine AM auxiliary module business and hydrogen blending/mixed hydrogen transmission systems.

The Company's business currently adopts an "order-based" operating model. According to the specific application requirements of downstream customers, the Company conducts system process design (functional design), mechanical integration design, standard equipment selection, and non-standard equipment design. Based on these design schemes, required raw materials are procured, processed and manufactured according to production process requirements, various equipment is assembled according to the production process flow, and after inspection, examination, and testing, the products are sold to customers. The key focus lies in the product system integration design stage, which requires the comprehensive application of multidisciplinary knowledge to integrate the product operating conditions, gas quality parameters, input/output parameter requirements, gas turbine host specifications, and customer technical standards, in order to carry out system integration, equipment selection, process design, and other technical work, which is highly professional.

Currently, the Company holds a leading position in the domestic gas supply system market for gas-fired power generation and has made significant contributions to the localization of key equipment in the gas power generation field. It is the only company in China's same industry to simultaneously provide professional gas equipment and services to Fortune 500 companies including GE, Siemens, Mitsubishi, Alstom, and Samsung. It is also the only domestic company capable of fully supplying fuel supply systems for 350MW gas turbine units. Additionally, relying on its technological innovation capabilities, the Company also engages in process design and technical services for mixed hydrogen and pure hydrogen transmission and distribution projects.

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