[Executive Summary] Jiangsu Jinshi Machinery Group Co., Ltd. (hereinafter referred to as "Jinshi Machinery Group") and JD Enterprise Business officially signed a strategic cooperation agreement at JD Group's headquarters. The two parties will conduct all-round cooperation in enterprise procurement, digital-intelligent procurement platform construction, and supply chain services to facilitate Jinshi Machinery Group's digital intelligent transformation of business management, cost reduction, and efficiency enhancement.
Recently, the signing ceremony for the strategic cooperation between Jiangsu Jinshi Machinery Group and JD Enterprise Business was held at JD Group's headquarters. Jinshi Machinery Group's Chairman Yin Yiru, relevant business leaders, and representatives from JD Enterprise Business attended and witnessed the signing ceremony.
The predecessor of Jinshi Machinery Group, Jinhu General Machinery Factory, was established in 1960. In 1998, Jinhu Petroleum Machinery Group was formed, and in 2003, it was officially renamed as Jiangsu Jinshi Machinery Group Co., Ltd. As China's professional enterprise specializing in the R&D, production, sales, and service of high-pressure oil and gas wellhead equipment, Jinshi Machinery Group is a national-level "Little Giant" enterprise (recognized for specialization, refinement, differentiation, and innovation) and an accredited supplier in the network of CNPC and Sinopec. The Group holds a leading industry position in core product areas such as casing heads and high-pressure oil and gas wellhead devices, with 81 nationally authorized patents and 3 national key new products. Its "JMP" brand products cover major oil fields nationwide and are exported to over 30 countries and regions across five continents: Europe, North America, Asia, Africa, and Oceania(including Australia).
Facing the wave of digital intelligent transformation, Jinshi Machinery Group is actively promoting the online and intelligent upgrading of its procurement management. Based on this strategic cooperation, JD Enterprise Business will leverage its advantages in digital-intelligent supply chain infrastructure and technological capabilities to provide Jinshi Machinery Group with one-stop, multi-scenario digital intelligent procurement solutions covering the entire process of pre-sales, in-sales, and after-sales, comprehensively empowering procurement management scenarios such as product sourcing, financial settlement, and fulfillment & delivery.
In terms of enterprise procurement, JD Enterprise Business, oriented by Jinshi Machinery Group's business needs, has tailored a one-stop, customized "product service" solution covering scenarios such as office supplies, employee benefits, production auxiliary materials, and workwear customization. This comprehensively addresses all aspects of "people, finance, goods, and affairs" in daily business management, helping Jinshi Machinery Group achieve deep integration of procurement and business operations.
Regarding digital intelligent procurement platform construction, Jinshi Machinery Group has achieved digital intelligent management of the entire procurement process including sourcing, online agreements, electronic invoices, and approval workflows by accessing the JD Huicai platform. The Group's subsidiaries and different business departments scattered across the country can conveniently select from a vast array of products on the JD Huicai platform, with centralized approval, settlement, and management by the headquarters. Furthermore, JD Huicai provides intelligent procurement analysis and guidance for enterprises in procurement planning, product supply, fulfillment, and after-sales services, while supporting full-process visualization and traceability of procurement, significantly enhancing compliance and transparency in procurement management.
In terms of supply chain services, JD Enterprise Business provides Jinshi Machinery Group with in-depth services covering technology, finance, logistics, and other areas. For example, by activating flexible settlement methods such as JD Jincai Factoring Credit Services, it effectively alleviates cash flow pressure. In logistics fulfillment, JD's intelligent supply chain fulfillment decision-making system utilizes systematic algorithms to comprehensively consider decision factors such as cost, inventory, service standards, and delivery timeliness, completing services through the most cost-effective fulfillment methods.
Yin Yiru, Chairman of Jinshi Machinery Group, stated: "Through in-depth cooperation with JD, Jinshi Machinery Group will further optimize procurement processes, enhance supply chain management levels, and inject new momentum into the enterprise's sustainable development. Jinshi Machinery Group will continue to work hand-in-hand with JD for win-win cooperation, jointly exploring new paths for digital intelligent transformation in the manufacturing industry."
A representative from JD Enterprise Business stated: "Focusing on enterprises' business management needs, JD Enterprise Business will provide Jinshi Machinery Group with superior products, more competitive prices, and professional, reliable services through advanced technological capabilities and digital intelligent supply chain capacities. We will offer comprehensive support and guarantee for Jinshi Machinery Group and more enterprise customers to achieve cost reduction, efficiency improvement, and digital intelligent transformation."
