On September 28th, Shanghai Navigation Instrument Co., Ltd. signed a strategic cooperation agreement with Shanghai Ship Technology Research Institute. The two sides will make full use of their respective technologies, equipment, talents and market advantages in the principle of complementarity, mutual benefit, sincere cooperation, pragmatic and common development to promote sustainable development and achieve a win-win situation. This is an initiative of Shanghai Hangyi to effectively carry out the party's mass line education practice activities, break through the current development difficulties of enterprises, and seek diversified development.
According to the agreement, the two parties will make full use of the technological advantages of Shanghai Aerospace in the design and manufacture of precision parts and the research and development advantages of ships and offshore manufacturing equipment in which shipbuilding technology is located, carry out processing and manufacturing of related equipment, and develop new products; The instrument will use its own site, equipment, technical personnel and other conditions to provide steel structure processing and precision equipment installation services for ship process related products; jointly develop new markets and realize industrialization promotion. At the same time, the two parties will give priority to opening relevant facilities and resources to each other based on actual needs. This cooperation will effectively promote the technological progress and industrialization of both parties and enhance the market competitiveness. It will also make a useful attempt to promote the development of the six major industrial sectors of China Shipbuilding Corporation and improve the intra-group ratio.

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