The power tool industry actively introduces technology to promote its own strength, the rapid development of China, the integration of foreign exchanges, in the power tool industry, in recent years has developed rapidly, but in comparison with foreign relevant enterprises or at a backward level. Professional game Hui believes that the technology is very important for the rapid development of the power tool industry. The particularity of power tool industry, it belongs to the high-tech industry, enterprises actively introduce relevant technology, enhance their own strength.

Power tool industry, belongs to the advanced equipment manufacturing industry, enhance the service of advanced manufacturing. Power tools are widely used in aerospace, high-speed rail construction, shipbuilding, automobiles, and other advanced equipment manufacturing and construction of roads, decoration, wood processing, metal processing and other production fields.

The global power industry, according to the technical requirements of products, application fields, etc., can be divided into three levels: technical level, professional level and household. Among them, industrial power tools products, mainly used in machining precision or work environment protection requirements of high workplace, with higher technical requirements, higher profits, small market scope; Do-it-yourself home electric tools are mainly used for occasions with low precision requirements and short running time, such as home decoration, simple decoration, etc., which has the characteristics of low technology content and low profit. China's power tool production enterprises produce household power tools products, product sales price as the main means of competition, all in a low, disorderly competition state.

Professional power tools in technical content, application range, product or product gross margin level, much higher than homemade products. Professional power tools itself, high speed, long motor service life, can continue to work for a long time, high technical content, high profit, wide market range, high industry threshold, high brand value characteristics.

China's domestic power tool market has been firmly controlled by foreign brand giants such as Germany's Bosch, Japan's Rancho, Japan's Hitachi and the United States of America. Luo Ming pointed out that in recent years, the trend of foreign brands' domestic market share declining channel, Richard power tools rising, expanding market share, replacing imported brands. In the domestic market share of the top four, Richard is a young star, but it is growing fast a rookie, the factory has a certain production from seven years, and has become the market share, following the recent history of Germany's Bosch, Japanese livestock farm trend.

In general, domestic power tool industry, the production of DIY household power tool products enterprises account for the vast majority, the formation of product series professional product factory is rare, low industrial concentration, lack of leading enterprises. From the development trend, the domestic brand experience of the industry reshuffle, formed a number of leading enterprises and standard, orderly situation; Between domestic and foreign brands, there will also be a redistribution of market share, with domestic brands constantly replacing foreign brands. Internal integration of the industry's needs will be celebrated by business leaders.

It can be predicted that Richard is a listed company with only one major tool, which has the opportunity and ability to stand on the stage of the capital market and promote the resource restructuring and model reform of China's power tool industry. To consolidate the occupied market and further cultivate and develop new markets, Conghui suggested focusing on the following aspects in the future: improving product quality and speeding up the development of new products. Special emphasis is placed on accelerating the development of battery electric tools, electronic control electric tools, and constantly improving the quality of power tools and products.

Improve the product structure, comprehensive service capability, strengthen as mentioned above, the power tool market situation is very good, but the problem is that the structure of domestic power tools is not perfect in the domestic sales market, power tools, for the traditional high speed power tools and the general level of cemented carbide tools standard.