By the end of 1987, a large number of state-owned enterprises such as Shenyang Gas Compressor Factory, Shanghai Compressor Factory, Wuxi Compressor Factory, and Helium Compressor Factory had implemented a contracting system.
Since 1993, compressor state-owned enterprises have entered a comprehensive reform phase. According to incomplete statistics, in 1996, the loss-making state-owned enterprises in the compressor manufacturing industry reached more than 40%. In 1998, there was a comprehensive loss.
In 1997, the goal of the reform of state-owned enterprises in the First Plenary Session of the 15th CPC Central Committee was to establish a modern enterprise system. A large number of state-owned enterprises such as Jiangxi Compressor Factory, Wuxi Compressor Factory, Chongqing Compressor Factory and Huaxi General Machinery Plant successively proceeded. The company system reform.
As of 2000, the number of private enterprises in the compressor manufacturing industry has accounted for more than 75% of the entire industry, sales revenue accounted for more than 50% of the industry, and profits accounted for 50% of the entire industry.
From 1986 to 2000, internationally renowned compressor companies entered China. Foreign-funded enterprises rely on their own strong financial resources and product technology, and with the special preferential policies given by the Chinese government, they have grown rapidly in China.
After entering the year 2000, the state-owned enterprises were restructured and restructured, enterprises retired from the market and increased their investment in technological transformation. The independent innovation capability of enterprises continued to improve, and the compressor manufacturing industry developed rapidly.
