The continuous self innovation of pump and valve product models has achieved technological leadership, and a variety of products are overwhelming, presenting a thriving development prospect. It is precisely because of such technological achievements that national support policies continue to tilt towards the manufacturing industry, and market demand continues to increase, enabling the pump and valve industry to maintain a positive and upward trend.

At present, the industry is developing vigorously. According to reports, China Valve's revenue in the first quarter was 42 million US dollars, a year-on-year increase of 56.6%; Realize a gross profit of 17.5 million US dollars; A year-on-year increase of 26.3%; Net profit of 7.6 million US dollars, equivalent to earnings per share of 21 cents; The same period last year was $6.6 million, with earnings per share of 19 cents.

After years of development, China has the largest number of valve enterprises in the world, with over 6000 valve enterprises of various sizes, including 900 with an annual output value exceeding 5 million yuan. There are no less than 200000 pump and valve processing and manufacturing enterprises nationwide, with over 1 million people engaged in pump and valve commercial activities.

From the perspective of product situation, China's valve industry can currently produce more than ten categories of products, such as gate valves, globe valves, ball valves, butterfly valves, safety valves, check valves, throttle valves, plug valves, pressure reducing valves, diaphragm valves, drain valves, emergency shut-off valves, etc. The highest operating temperature can reach 570 ℃, the lowest is -196 ℃, the highest pressure is 600Mpa, and the maximum diameter can reach 5350 millimeters.

However, the development of China's pump and valve industry is facing enormous pressure: more than 50% of the world's valves are produced, but in terms of price, foreign products are often 5 to 10 times higher than similar domestic products, with weak competitiveness in the mid to high end market and many industry development problems.

Domestic pump and valve enterprises of all sizes are scattered, and price wars are inevitable among pump and valve industries in various regions due to production capacity and market supply and demand contradictions. This has led the domestic pump and valve industry to a situation where profitability is difficult, and the market order is becoming increasingly chaotic.

Our country's pump and valve enterprises are mainly low-level, small-scale, and family workshop style enterprises, producing low-quality mass products. The various pump and valve products produced generally have disadvantages such as external leakage, internal leakage, low appearance quality, short service life, inflexible operation, and unreliable electric and pneumatic valve devices. Some products are only equivalent to the international level of the early 1980s. In terms of high-end technology, there is still a significant gap between domestic enterprises and foreign manufacturers, so technology will be a bottleneck that restricts the development of pump and valve products in China.

Overall, the root cause of the problems faced by China's pump and valve industry lies in outdated technology and insufficient innovation capabilities. Therefore, in order for enterprises to break through difficulties, ultimately they still need to rely on technological development.