The industrial park, which covers about 30 hectares, is home to many production sites, management facilities, business incubation hubs and R&D centers, in fields ranging from industrial and 3D printing to equipment manufacturing and sales. Shi continued to build on the group's success by helping to set up the city's DMI International Information Industrial Park, to grow core businesses in a comprehensive industrial chain that taps the latest trends and opportunities in the sector at home and abroad. One of these community-oriented projects involved leveraging the company's technological and production prowess to quickly manufacture quality face masks and to help meet the huge demand for healthcare supplies amid the COVID-19 pandemic, he said. He added that his company is committed to corporate social responsibility, sharing its development with the community through improvements in residents' homes and lifestyles as well as other local projects. He said the entrepreneurial spirit involves self-improvement fueled by passion and the courage to innovate, the determination to persevere and the tenacity to strengthen an enterprise.Įntrepreneurs have to mobilize resources ranging from talent to investment to succeed in running a business, while integrity and following the rule of law are also crucial, Shi said. Shi, whose entrepreneurship has won accolades, has also organized and hosted forums to explore and share knowledge and expertise with other industry players around the world, in line with his business philosophy and practice. The company also holds numerous patents and international quality certifications that reflect its green and technological advances in the field. Supported by nearly 300 employees, including more than 70 R&D staff members, the group recorded output value of 430 million yuan last year, with sales revenue hitting 340 million yuan. The company, based in Jinan, the capital of East China's Shandong province, delivers its industrial, textile, digital, 3D and other specialized printers and related products nationwide and to nearly 100 other countries and regions, including Japan, Spain, the United States, Germany, Russia and India. Its specialized industrial printers, such as top-of-the-line digital textile printers, can sell for up to 8 million yuan ($1.2 million) each. The company's high-end products have a market share of up to 82 percent in China. His company, JHF Technology Group, is now a widely recognized technology enterprise that specializes in the R&D, manufacturing, sales and services of industrial printers worldwide that meet high-quality, high-durability and high-volume production standards. Shi's prescient focus on building capability, as well as on research and development and long-term investment, has since reaped remarkable rewards. We had to invest in the future to really make our mark." "I realized it was very shortsighted and impractical to keep thinking about the bottom line. "Like many other domestic companies, we faced seemingly insurmountable competition from foreign brands in the printing industry then, with their high standards, advanced technology and established presence," said Shi, now 49. When Shi Qianping decided to go into business two decades ago, making money was not foremost on his mind. Visitors look at a digital printer manufactured by JHF Technology Group at an expo in Shanghai in 2021. Editor's note: This series of stories looks at local enterprises in specialized sectors that have a share in global markets.
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