Zhejiang Danong (920855) uses 30 million yuan of its own funds to purchase financial products to improve the efficiency of using its own funds

On March 3rd, Zhejiang Dano Industrial Co., Ltd. announced that the company will use 30 million yuan of idle funds to purchase financial products. As of now, the remaining balance of idle funds used for purchasing financial products that have not yet matured is 60 million yuan.

Zhejiang Dano stated in the announcement that in order to improve the efficiency of the company’s idle funds, increase returns, and make reasonable use of funds to obtain better investment returns, the company plans to use no more than 150 million yuan of idle funds to purchase high-security, highly liquid financial products that can ensure the safety of the principal.

According to Jiampao Finance, the company focuses on the research, development, production, and sales of high-pressure cleaning machines. Relying on technological advantages, product advantages, and industry cluster advantages, its core products include high-pressure plunger pumps, high-pressure cleaning machines, and cleaning machine accessories. The company mainly sells to international major clients such as KOSHIN LTD. in Japan and Mi-T-M CORPORATION in the United States, with most products sold through ODM/OEM models.

From the industry development perspective, with continuous development and innovation in high-pressure cleaning technology, new products being launched, and market cultivation, the application fields of high-pressure cleaning machines are expanding across various industries—from cleaning vehicles, building exteriors, and floors in civil sectors to cleaning in hotels, restaurants, livestock farms, municipal sanitation, and the automotive and shipbuilding industries for cleaning or rust removal. Due to their environmental friendliness, high efficiency, energy saving, and labor reduction benefits, high-pressure cleaning machines are becoming products closely related to the national economy and residents’ lives.

The company’s R&D team is strong, with members having many years of experience in developing high-pressure plunger pumps, high-pressure cleaning machines, and high-pressure water jet technology management, possessing rich professional knowledge and industry experience. The company’s high-pressure plunger pumps are characterized by good stability, low starting load, minimal pressure loss in valves, and long service life. Features include easy start, enhanced self-priming, low-pressure flow of absorbent, and other options to meet specific user needs. About 80% of the company’s parts are self-made, utilizing high-speed pumps and high-speed power frameworks, making products lightweight and portable, with complete specifications to meet different usage scenarios and industry requirements.

The company is a national “Little Giant” enterprise specializing in specialized and innovative small and medium-sized enterprises, a standing member of the National Agricultural Machinery Industry Association, and undertakes national torch plan industrialization demonstration projects. It has received awards such as China Machinery Industry Famous Brand Products, provincial enterprise research institutes, provincial high-tech R&D centers, provincial enterprise technology centers, the first (set) products in key fields of provincial equipment manufacturing, provincial export brands, Zhejiang Manufacturing “Pinzi” label enterprises, provincial key innovation projects, and Zhejiang “Specialized and New” small and medium-sized enterprises. The company has obtained certifications including ISO9001 Quality Management System, ISO14001 Environmental Management System, ISO10012 Measurement Management System, and OHSAS18001 Occupational Health and Safety Management System. Its products have passed domestic and international market access certifications such as CE, REACH, and RoHS.

The company fully implements lean production, with most components and core parts from raw materials to finished products produced in a single flow. The self-made parts rate is about 80%, with strong processing capabilities, including multi-faceted machining (pump heads), high-precision grinding (crankshafts), multi-faceted high-precision one-time molded parts (crankcase), and high surface hardness and gloss parts (plungers).

The company adopts automated production lines, continuously improving automation levels of production equipment in recent years. The automation and semi-automation rates have increased, reducing human error, enhancing production management automation, further improving efficiency, and lowering production costs.

The company will continue to carefully streamline internal business processes, gradually establish and improve internal control systems, promote refined management, accelerate new product development, thoroughly research market trends and layout, optimize resource allocation, fully leverage overall company strength, and build momentum for sustainable future development.

In terms of performance, in 2025, the company achieved an operating revenue of 268 million yuan and a net profit attributable to shareholders of listed companies of 35.09 million yuan.