On May 4, 2025, Luoyang municipal government hosted a special meeting on the development of the high-end bearing industry chain, with Mayor Zhang Yujie presiding and soliciting opinions from local key enterprises and research institutions. The meeting focused on common challenges facing the bearing industry, facilitating in-depth discussions on promoting industrial chain collaboration, technological breakthroughs, and market expansion.

More than ten leading enterprises and research institutions, including ZYS, participated in the event. Representatives reported on product development, process improvement, and market applications based on their respective progress, while raising specific concerns and constructive suggestions regarding technological bottlenecks, talent shortages, and financial pressures encountered in their development.

As an important industrial base in China, Luoyang boasts a robust foundation in the bearing industry, featuring a complete supporting system of "one factory, one research institute, one university, and one academy," giving it an unique advantage nationwide. In recent years, the rise of emerging industries such as new energy vehicles, smart manufacturing, and robotics has driven growing demand for high-performance bearings, presenting new opportunities for local enterprises.

Mayor Zhang Yujie emphasized that, facing fierce market competition and technological suppression from foreign products, local bearing companies must actively seize opportunities for industrial development, accelerate breakthroughs in core technologies, improve product performance, and enhance domestic substitution capabilities. He stressed the need to deepen the integration of scientific and technological resources and manufacturing capabilities, take the opportunity of intelligent, green and high-end transformation to improve the overall production level and enhance industrial competitiveness.

He also proposed establishing a collaborative development mechanism led by industry leaders, promoting regional industrial cooperation platforms, and integrating resources from universities, research institutes, and upstream/downstream enterprises. Various cooperation models, such as mergers, equity participation, and brand alliances, should be explored to achieve resource sharing, complementary advantages, and coordinated growth.

Meanwhile, the government will continue refining policy support systems to address critical pain points hindering enterprise development, improve service guarantees, ensure targeted implementation of business-friendly policies, and strengthen factor supply to enhance corporate satisfaction. Additionally, plans are underway to organize international high-end bearing exhibitions, helping local brands expand into global markets.