From December 9 to 10, 2024, the “2024 Fifth China Machine Tool and Tool Industry Market Strategy Development Forum” was successfully held at the Western Economic Open Center in Chengdu. Hosted by the Distributors Branch of the China Machine Tool Industry Association, the forum brought together experts from machinery industry associations, leaders of user enterprises, and representatives from numerous machine tool and tool companies and distributors. Youfu Industrial was honored to be invited to participate in this prestigious event. Deng Ye, Chairman (CEO) of Youfu Industrial, and Wu Shidong, Vice President (COO), attended the conference.

The forum was themed “Leapfrogging & Value,” with a focus on hot topics such as how to boost new‑type productivity and strategies for going global. The COO of Youfu Industrial delivered a keynote speech on “The Pain Points and Future Development of Small and Medium‑Sized Machine Tool Maintenance Enterprises.”

Vice President Wu Shidong pointed out that China’s CNC machine tool industry continues to expand in scale, yet the development of after-sales service has been uneven and fraught with challenges. Small and medium-sized maintenance and repair service providers often encounter difficulties in areas such as workforce skills, management costs, and service quality during their growth process. Standard — issues such as operating profit margins and the limited scope of business to local markets. However, it is precisely these challenges that present small and medium-sized maintenance service providers with valuable opportunities to undergo transformation and upgrading, thereby achieving high-quality development.

To support the future development of small and medium-sized service providers, Youfu Industrial has proposed a platform‑alliance model, driving upgrades and innovations across multiple dimensions—including technology, market dynamics, talent, and management—while establishing a collaborative business framework based on sharing, co‑creation, and mutual benefit. The company is committed to building a comprehensive post‑machine‑tool‑market industrial ecosystem.

Based on this vision, Youfu Industrial is actively developing the Youfu Cloud Platform for the CNC machine tool aftermarket, with the goal of becoming a full‑chain service platform for the entire CNC machine tool aftermarket. By building a comprehensive industrial ecosystem for the machine tool aftermarket, Youfu Industrial will be better positioned to meet customer needs, enhance service quality, and emerge as a premier steward of CNC machine tool aftermarket services.

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