2012 due to sustained by the national macro-economic policies, the debt crisis and the impact of the global economic, domestic commercial vehicle production and sales of construction machinery industry continued to decline, have been affected the production and operation of the of Xuchang Far East Drive Shaft Co., the face of tough market conditions, the companys management, under the correct leadership and decision-making of the Board of Directors, and actively develop new products, new customers and respond to market changes in a timely manner to the adjustment of product structure, actively expand the mild type and cross-type passenger car market and international markets, The greatest degree of reduction of the number of unfavorable factors impact on the company. 2012 still achieved good operating results, the size of the main business and market share continue to maintain the same industry leading position.
continuous access to the title of “National 100 outstanding auto parts suppliers”, Foton, Baotou Bei Ben, Guangzhou Automobile Group, Dongfeng Liuzhou Automobile, Shaanxi Heavy Duty Truck Group, Linyi Engineering, Changfeng Yang, set-Swiss Joint Heavy Industries, the title of the best suppliers of Sany Group, John Deere Best Technical Support Award, JAC Quality Improvement Award.
2012 Technology Center forsupplier countries identified by the National Development and block machine china manufacturers and Reform Commission and other five ministries review
Enterprise Technology Center; Shanghai Jiaotong University, Pan Jiansheng academicians set up the Henan auto parts intelligent heat treatment technology academician workstation “and” Henan automotive transmission of digital manufacturing technology R & D team; undertake a major science and technology projects in Henan Province “special equipment heavy truck drive shaft assembly key technologies research “project, development of the nations largest heavy truck drive shaft of the special equipment, to make up for the gaps to reach the advanced level of the worlds non-constant velocity drive shafts, to meet the domestic demand for mainframe manufacturers have made outstanding contributions to strengthen national defense construction; 2012 the company successfully through the the Volvo companys SEM audit into the global procurement system; company successfully passed the high-tech enterprise qualification review, a wholly owned subsidiary of ZTE forging company passed a national high-tech block machine china wholesale surgery enterprise assessment identified; company developed under the auspices of Henan Province, local standard one, the enterprise standard two, has Henan Province Bureau of Quality Supervision released.
As of 31 December 2012 a total of 73 to obtain patents, six invention patents, 54 utility model and design patents 13, to achieve a zero breakthrough invention patents.
2012, the company has increased investment in research and development of new products, take the synchronization with the customer development model, developed new products to meet customer demand, the incremental sync with the market, to improve market share, enhance the market competitive advantage. Has completed 380 new product development projects, part of the drive shaft mass production market.