Development process
Since 2006, it has been listed in the top 500 Chinese enterprises and the top 500 Chinese manufacturing industries for 18 consecutive years. In December 2020, Youfa Group successfully listed on the main board of the Shanghai Stock Exchange.
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2000
On July 1, 2000, Tianjin Jinghai Youfa Industry and Trade Co.
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2001
Youfa launched the first quality revolution, taking the lead in the industry to cancel the patch welding pipe and joint pipe, and promised that “if one is found, two will be compensated”, in strict accordance with the national standards, and anything that does not meet the national standards is a waste product.
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2002
Leasing operation of the former “Fuguo Steel Pipe”, synchronized with the merger of Huayou Steel Pipe, the company changed its name to “Tianjin Youfa Steel Pipe Co;
Lease operation of the former “Jinmeng Galvanized”, the establishment of “Tianjin Youcheng Galvanized Steel Tube Co.
Youfa initiated the second quality revolution, proposed: “Not to meet the national standard is qualified, customer satisfaction is the real qualified!” Youfa has reformulated the internal control standards of the enterprise, which are stricter than the national standards, and strictly enforced them.
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2003
The formation of “whoever handles, whoever signs, whoever is responsible for” the “iron law of Youfa”, maximize the risk awareness of cadres, to protect the safety of funds;
In order to ensure that the galvanized quality of welded pipes is foolproof, the third quality revolution was launched: “Ensure that the rate of galvanized defects in welded pipe products should be less than one in ten thousand”.
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2004
The company was renamed as “Tianjin Youfa Steel Pipe Group Co., Ltd.” and the group management framework was established;
Established “Tianjin Youlian Spiral Steel Pipe Co., Ltd” to enter the spiral steel pipe industry.
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2005
“Youfa hot-dip galvanized steel pipe has been awarded as the first batch of “National Inspection-free Products” by the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China;
“Youfa brand steel pipe is honored as “China Steel Pipe Top Ten Famous Brand”;
Acquired the former Tangshan Fengnan Yinfeng Welded Pipe Factory and established “Tangshan Youfa Steel Pipe Manufacturing Co;
The Group acquired the former Tianfeng Steel in an attempt to move into the upstream of steel pipes - steel and strip.
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2006
The total sales revenue of the whole group exceeded the ten billion mark for the first time, reaching 12.2 billion yuan;
For the first time, it was listed in the Top 500 Chinese Enterprises and Top 500 Chinese Manufacturing Enterprises;
Welded steel pipe production and sales ranked first in the country for the first time;
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2007
The first systematic combing of AUF culture. Determine:
Youfa's mission: surpassing oneself, accomplishing partners, centennial Youfa, and building harmony together;
Youfa's vision: Based on steel pipe industry, pursuing all-round champion;
Core values: Win-win mutual benefit and faith-based, concentricity and virtue first;
Youfa spirit: self-discipline and self-improvement, mutual trust and complementation, sharing and win-win;
The Song of Youfa was released;
The Group sent a team to Toyota, Japan for the first time to learn Lean Management.
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2008
The trademark “Youfa” was recognized by the State Administration for Industry and Commerce as “China Well-known Trademark”;
Acquired the former “Tangshan Fengnan Xinlida Steel Pipe Co;
The first customer meeting of Youfa Group was held in Tianjin;
The shareholders of Youfa donated 5 million RMB to set up the “Youfa Fund for Helping the Needy and Scholarships”.
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2009
Established “Tangshan Zhengyuan Pipe Industry Co;
Acquisition of the former Boying Steel Pipe, the establishment of “Tianjin Youfa Dezhong Steel Tube Co.
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2010
AUO was separated into “Steel Pipe Sector” and “Iron & Steel Sector”, and Li Maojin was appointed as Chairman of “Steel Pipe Sector” --- Li Maojin was appointed Chairman of the Steel Pipe Group, the “Steel Pipe Sector”;
Tangshan Zhengyuan Pipe Industry Co;
Established “Handan Youfa Steel Tube Co., Ltd.” and realized the “Youfa speed” of putting into production in 100 days;
Ltd. was established to take charge of AUO's steel pipe export business overseas;
Acquired Shandong Ruida Highway Materials Co., Ltd. and established “Shandong Youfa Ruida Highway Materials Co.
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2011
Youfa Group launched the IPO listing program and carried out shareholding system transformation to establish “Tianjin Youfa Steel Pipe Group Co.
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2012
For the second time, the Yofa Group organized the Yofa culture and established the Yofa Spirit of “Self-discipline and Altruism, Cooperation and Progress”;
The first and second branches of Youfa Group were established;
Tianjin Youxin Materials Technology Co., Ltd. was established to realize the resourceful treatment of industrial waste acid.
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2013
Ltd. was established in a joint venture with Tianjin Mutual Products Group, which opened up a new mode of centralized raw material procurement;
Launched the “Dayoufa” platform for the first time, took the opportunity to hold the annual customer meeting in Chongqing, and carried out the Dayoufa school donation campaign for the first time;
The Group launched the fourth quality revolution, put forward the “one type of defective rate should be less than one in 100,000, and ultimately realize the goal of one in 500,000”, to create China's best quality welded steel pipe.
Started to lead the revision and drafting of the National Standard for Welded Steel Pipe for Low Pressure Fluid Transportation.
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2014
Formally established the “AUO Group Innovation Award”;
For the first time, the concept of “marketing revolution” was put forward to encourage the development of terminal business, enhance the brand value of AUO, innovate the marketing model, and promote environmental protection and upgrading.
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2015
On December 8, 2015, the annual output of Youfa Steel Pipe exceeded 10 million tons for the first time, becoming “the only Chinese 10 million-ton welded steel pipe manufacturer in the world”;
Established “Tianjin Youfa Steel Pipe Group Sales Co., Ltd.” to directly serve the terminal business of large-scale centralized state-owned enterprises;
Moved back to Shandong Youfa Ruida, established “Tianjin Youfa Ruida Traffic Facilities Co;
Tianjin Youfa Pipeline Technology Co., Ltd. was established to integrate the steel-plastic composite pipe business of various enterprises and unify the management;
Established “Tianjin Yunyou Logistics Technology Co., Ltd.” and became one of the first “NVOCC” enterprises in China;
“The R&D and application of new type of welded galvanized steel pipe equipment won the First Prize of Tianjin Scientific and Technological Progress;
Awarded “Customer Satisfaction Enterprise” by the National User Committee of China Quality Association;
Awarded “Metallurgical Product Quality Golden Cup Award” by China Iron and Steel Industry Association;
Awarded the title of “Meritorious Supplier of Luban Prize Project” by the Materials Branch of China Construction Industry Association.
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2016
On June 1, 2016, the new national standard GB/T 3091-2015 “Welded Steel Pipe for Low Pressure Fluid Conveyance”, which was drafted by Youfa, was officially promulgated and implemented;
Yanyou Logistics 168 network freight transportation platform is officially on-line operation.
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2017
As a listed investment project of Youfa Group, “Shaanxi Youfa Steel Pipe Co;
Established “Tianjin Tester Inspection Co;
Tianjin Youfa Dezhong square pipe products won the “Metallurgical Product Quality Golden Cup Award” in China;
Tangshan Zhengyuan Pipe Industry Co., Ltd. won the “Hebei Provincial Government Quality Award”.
On October 25, 2017, AUF entered the listing counseling period.
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2018
Shaanxi Youfa Steel Pipe Co;
The first branch of Youfa Group was recognized as a national “Green Factory”.
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2019
Youfa Group was recognized as a national “Manufacturing Single Champion Demonstration Enterprise (Welded Steel Pipe)”;
The Sales Department of the first branch of Youfa Group was awarded the title of “National Workers' Pioneer”;
The trademark “ZhengJinYuan” was recognized as “China Well-Known Trademark”;
Youfa Pipeline Technology's “steel-plastic composite pipe” was recognized as a national “green product”;
Tianjin Youfa Dezhong was recognized as a “Green Factory” in Tianjin.
On June 26, 2019, the China Securities Regulatory Commission (CSRC) accepted the listing application of Youfa Group.
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2020
Youfa Group passed the initial audit of the Securities and Futures Commission (SFC) Issuing and Review Committee meeting on September 17, 2020, and was listed on the main board of the Shanghai Stock Exchange (stock code: 601686) on December 4th;
Tangshan Zhengyuan Pipe Industry was recognized as “Green Factory” in Hebei Province;
Tianjin Youfa Stainless Steel Tube Co., Ltd. was established, and stainless steel tubes and pipe fittings were put into production in the same year;
Establishing the third decade of Youfa Group's goal: “from ten million tons to one hundred billion yuan, to be the first lion in the global pipe industry”.
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2021
Youfa Steel Pipe Creative Park was assessed as a national AAA level tourist attraction;
Tianjin Youfa Pipeline Technology Co., Ltd. was recognized as a national “green factory”;
Established “Tangshan Youfa New Building Material Co., Ltd.”, and the coil scaffolding was officially put into production;
Acquired the former Jiangsu Guoqiang steel pipe business, and “Jiangsu Youfa Steel Pipe Co;
Established and formally operated “Chengdu Yunganglian Logistics Co;
Integration of the former “Huludao Seven Stars Group Steel Pipe Business”, the establishment of “Huludao Steel Pipe Industry Manufacturing Co., Ltd.”, to enter the field of oil and gas pipe, electric power tower pipe;
Implemented the first post-listing equity incentive by issuing restricted shares to 234 key personnel.
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2022
The Group's steel pipe production exceeded 20 million tons for the first time;
Youfa Steel Pipe Creative Park was evaluated as a model unit of civilized tourism in Tianjin;
2022 The Company's first successful issuance of $2 billion of convertible bonds was listed and traded.
Outstanding distributors will increase their holdings of Yaufa shares and convertible bonds through private securities investment funds to share the performance growth and capital appreciation benefits of the “Yaufa 2025 Medium Term Plan”.
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2023
Promote the healthy development of the industry, promote the establishment of the industry “white list” system, Youfa Group's hot dip galvanized round pipe manufacturers were selected as the “first batch of GB/T 3091 national standard compliant enterprises” list;
The first branch of Youfa Group was awarded the title of “Tianjin Green Development Leader Enterprise”.
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2024
Continuously promote the national layout strategy, leading the industry from competition to competition, “Yunnan Youfa Fangyuan Pipe Industry Co., Ltd.” was established and formally operated, with a demonstration effect;
Tianjin Youfa Pipeline Technology Co., Ltd. was recognized as a national “manufacturing single champion enterprise” (steel-plastic composite pipe).
……unfinished business to be continued