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From conquering the world with 200 yuan to pioneering precision manufacturing—Sun Zhiquan’s entrepreneurial legend

This article recounts the entrepreneurial journey of Sun Zhiquan, Chairman of Taicang Changtong Precision Machinery Co., Ltd. Starting out as an apprentice at a Taiwan-funded enterprise with just 200 yuan, he overcame numerous challenges to transform a small workshop into a precision manufacturing service provider spanning multiple sectors. Having achieved remarkable success in quality, innovation, and corporate responsibility, he is now poised to scale new heights by focusing on high-end manufacturing.

On the Yangtze River Delta manufacturing map, Taicang, a city in Jiangsu Province that borders the Yangtze River and Shanghai, is becoming a key link in the global industrial chain by virtue of its core strength in precision manufacturing.
Here, there is an entrepreneur who graduated from a vocational and technical college. He is Sun Zhiquan, chairman of Taicang Changtong Precision Machinery Co., Ltd.
With 200 yuan in his pocket, he ventured into the world, starting as a front-line worker in a Taiwan-funded enterprise. With his ingenuity and tenacity, he built a small workshop into a precision manufacturing service provider serving multiple fields.

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In the late 1990s, Sun Zhiquan, who had just graduated from the mechanical processing major of the Vocational and Technical College, boarded the train south with only 200 yuan.
He came to a Taiwan-funded precision machinery company to become a workshop apprentice.
Faced with a strict management system and high threshold technology, he took the initiative to work overtime, studied professional books day and night, and humbly asked his masters for advice when encountering problems.
Once, the company received an order for high-precision parts, but the master craftsmen failed to meet the requirements. Sun Zhiquan took the initiative to ask for help. After three days and three nights of hard work, he successfully completed the task and mastered the core technology, laying the foundation for starting a business.

In 2005, Sun Zhiquan sensed business opportunities in the precision machining market and decided to start a business.
There were many difficulties in the early stages of starting a business, including shortage of funds, problems with plant and equipment, and lack of customer resources.
But he did not give up. He used his savings and borrowed money to buy two second-hand CNC machine tools. He worked multiple jobs in the factory converted from an abandoned warehouse.
Once a medical device company was in urgent need of high-precision parts, and many suppliers were afraid to accept them. He promised to complete them within a week.
In the end, qualified products were delivered on time, winning customer trust and large orders, and establishing a firm foothold in the market.

Sun Zhiquan knows that quality is the lifeline of an enterprise.
He has established a strict quality management system in the company, with strict testing standards in every link from raw material procurement, production and processing to finished product delivery.
In the procurement of raw materials, unqualified products are resolutely returned; in production, “all-staff quality management” is implemented and skills and quality training are carried out; finished products leave the factory with a “three-way inspection” system.
The company’s product qualification rate has always remained above 99.9%, customer satisfaction is as high as 98%, and it has won many honorary titles. Its products are widely used in many high-end fields.

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In terms of innovation, Sun Zhiquan adheres to the “two-wheel drive” of technological innovation and management innovation.
Technically, he established a research and development center, overcame many technical problems, and obtained many patents.
For example, we develop core components for new energy vehicle companies and solve the processing problems of new aluminum alloy materials.
In terms of management, we have introduced ERP systems, promoted “lean production”, established a complete talent incentive mechanism, and attracted and retained a large number of outstanding talents.

In 2024, the company’s annual output value will exceed 100 million yuan, and the total investment in new projects in 2026 will be 250 million yuan.
Sun Zhiquan believes that corporate development must shoulder social responsibilities. He cares about his employees, helps rural revitalization, and insists on green development.
In the future, Changtong Precision will increase investment in research and development, expand overseas markets, and promote modern management. Sun Zhiquan hopes to build the company into a leading domestic and internationally renowned precision manufacturing service provider, and contribute to the rise of Made in China.

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