The company has a provincial engineering and technology research and development center, and conduct cooperation with China Academy of Machinery Science & Technology, Zhejiang University, Shanghai Jiaotong University, which provided strong theoretical support for the research and development of high quality cold forging machines. The company undertakes several national and local science and technology projects like: Major national science and technology project (project 04) of cold forging machine, SME(small and medium enterprises) Technology Innovation Fund Project from the National Ministry of Science and Technology, Ningbo Major Scientific and Technological Projects, Ningbo High-Tech Park Major Scientific and Technological Projects. It also participated in drafting 3 national mechanical standards.