Suzhou Mingzhi Technology Co., Ltd. (short name: Mingzhi Technology; stock code: 688355) was founded in 2003 and officially listed on the STAR Market of the Shanghai Stock Exchange on May 12, 2021. The company specializes in the foundry industry, with two core business segments: high-end foundry equipment and high-quality aluminum alloy castings. Mingzhi Technology provides customers with R&D and manufacturing services for efficient, intelligent core-making equipment and casting products. The company is committed to leading and driving technological advancement and industrial upgrading in China’s foundry sector, empowering the industry toward green and intelligent development.

In 2023, Mingzhi Technology partnered with SIPM to implement the SIPM/PLM system, achieving integrated R&D management for both high-end foundry equipment and high-end castings. Building upon its existing PDM-based data management foundation, this successful PLM implementation has enabled Mingzhi Technology to continuously enhance its design and R&D management capabilities. The system now centralizes all documentation and drawings throughout the entire product development lifecycle across all departments—fully digitized and paperless—allowing engineers to quickly search and access data, significantly boosting their design efficiency.

As the company gains deeper experience with the system, its practical scope of management continues to expand. Recently, Mingzhi Technology placed an additional order with SIPM for more licenses of the SIPM/PLM platform, laying a solid foundation for the company’s rapid growth.

【Company Background】

Suzhou Mingzhi Technology Co., Ltd. (short name: Mingzhi Technology; stock code: 688355) was founded in 2003 and officially listed on the STAR Market of the Shanghai Stock Exchange on May 12, 2021. The company specializes in the foundry industry, with two core business segments: high-end foundry equipment and high-quality aluminum alloy castings. Mingzhi Technology provides customers with R&D and manufacturing services for efficient, intelligent core-making equipment and casting products. The company is committed to leading and driving technological advancement and industrial upgrading in China’s foundry sector, empowering the industry toward green and intelligent development.

Mingzhi Technology possesses extensive core technologies in both equipment and casting production and continuously leads innovation in foundry processes through its strong in-house R&D capabilities. Leveraging its advantages in equipment and foundry工艺 (processes), the company actively promotes the growth of its casting business, while simultaneously using casting process development and production experience to drive continuous optimization and upgrading of its equipment technologies. The synergistic interaction between its equipment and casting businesses has enabled Mingzhi to evolve into an integrated, innovative foundry enterprise that combines equipment manufacturing with casting production.In 2018, Mingzhi Technology established a European manufacturing base in Leipzig, Germany, which works in close collaboration with its Suzhou headquarters to deliver more convenient solutions and products to foundries across Europe and globally. In 2025, the company founded a majority-owned joint venture subsidiary in Istanbul, Turkey, further enhancing its ability to provide comprehensive services to local and neighboring markets.

“Tranquility fosters vision; innovation drives progress” — this phrase not only inspired the Mingzhi brand name but also embodies the soul of the company. “Creating superior solutions for customers and benefiting society, teams, and individuals alike” serves as the shared vision guiding Mingzhi Technology’s team growth. The core values of “customer-centricity, responsibility, and mutual success” form the foundation upon which Mingzhi collaborates with partners to co-create optimal solutions.

Strategically, Mingzhi Technology focuses on strengthening its equipment manufacturing capabilities, expanding its casting production scale, and refining its casting service engineering. Committed to a path of scientific and sustainable development—first becoming stronger, then growing larger—the company emphasizes continuous innovation and steady progress. With an open mindset and a global perspective, Mingzhi Technology welcomes collaboration with all stakeholders to create shared value, fulfill social responsibilities, and build a better future together!