Recently, the high-pressured axial plunger type of hydraulic pump developed by Guizhou Liyuan Hydraulic Co., Ltd has been decided as the national independent innovation product.

    In recent years, this company is always emphasizing on the development of new product and the technological innovation work. In the recent three years, It has altogether carried on 19 research and development projects of countries and the provinces, including four state-level projects (863 plans, technical support plans, industrial technology achievement transformation plan and important new product planning), 11 provincial-level projects and 4 optional technological projects. There are 5 projects which are cooperate with Zhejiang University, Guizhou University, Beijing iron&steel research institute group. The company has  already applied for 23 patents, including 15 state-level, 3 province-level, 3 outstanding new product award.

    By unceasingly technological innovation, the high-tech product sales revenue occupies 86.49%, 82.71% and 87.17% separately in the sales revenue of this year. The whole economic efficiency has a large scale enhancement, the main business income increases 16.96%, 15.77% and 63.40% than last year. The gross profit increases 12.36%, 42.94% and 99.86% than last year.