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In today's world, information technology innovation is advancing rapidly, with digitalization, networking, and intelligence deeply developing and integrating with industrial practices to promote the transformation of the industrial economy into a digital economy. The industrial internet, as a product of the deep integration of a new generation of information technology with industrial manufacturing, has become the key to the new industrial revolution. At the "2023 Global Industrial Internet Conference" held in October this year, the "Industrial Internet Innovation Development Report (2023)" was released, indicating that the current scale of China's industrial internet industry has exceeded 1.2 trillion yuan. However, overall, it is still in the exploratory stage, with the participating enterprises mainly consisting of large manufacturing companies with experience in digital transformation, cloud vendors with strong cloud computing services and resource integration capabilities, and software companies that have overcome "bottleneck" issues and developed independently controllable core industrial software. If industry is the ballast of China's economy, then industrial software is the "brain and soul" of industrial manufacturing, driving the high-quality development of the industrial internet and supporting the implementation of the manufacturing power strategy. With the changes in the domestic and international software ecosystem and the promotion of "Made in China 2025", the scale of China's industrial software market continues to grow, the process of localization accelerates, and many excellent enterprises have emerged.

Nanjing Weituo Technology Co., Ltd. (hereinafter referred to as "Weituo Technology") is a leading professional provider of innovative industrial software products, offering research and development design and production manufacturing industrial software for discrete industrial chain enterprises, implementing domestic substitution, and providing intelligent solutions for the digital transformation of small and medium-sized enterprise industrial clusters.

From a foreign industrial software service provider to a "leading innovator in industrial software", Weituo Technology's nearly 18 years of development has witnessed the condensation of industrial knowledge and the enhancement of "soft" power on China's path from "manufacturing" to "intelligent manufacturing".

　　Consolidate knowledge and capabilities, overcome the difficulties of industrial software.

A strong manufacturing industry leads to strong software. The strength of industrial software is closely related to a country's industrialization and innovation ecosystem construction capabilities. Mr. Yang Songgui, chairman of Weituo Technology, who worked in leading manufacturing enterprises in Jiangsu in the 1990s, feels this deeply. "The normal operation of manufacturing enterprises relies on product research and development, production management, quality management, supply chain management, and other tasks, all of which are supported by foreign industrial software. Some software is even bundled with equipment, affecting the operation of factories. If there are problems with the software or if the software company interrupts authorization or even disables it for various reasons, it is a huge disaster for enterprises and industries. For so many years, industrial software has been like a knife inserted into manufacturing enterprises; pulling it out hurts, and leaving it in also hurts." Realizing the constraints of foreign industrial software on China's industrial development, Chairman Yang Songgui resolutely devoted himself to the industrial software industry after leaving the manufacturing enterprise.

Currently, mainstream industrial software can be divided into three major categories according to business scenarios: research and development design (such as CAD, CAE, EDA, PLM), production manufacturing (such as PLC, MES), and business management (such as ERP, SCM). Unlike traditional internet software, the construction and development of industrial software is like building a high-rise building; it requires product developers to have industrial knowledge, manufacturing experience, and technical capabilities, as well as a deep understanding of the subject, which can withstand the test of time. Through practice, verification, iteration, and optimization, the "building" of industrial software is gradually constructed. Therefore, after establishing Weituo Technology, Chairman Yang Songgui formulated a two-step plan: first, to engage in software outsourcing business, digest and absorb before innovating and pursuing independent software research and development.

"Before 2015, Weituo Technology mainly engaged in international research and development outsourcing business, accumulating world-class industrial software development experience, teams, and industry practices, while refining and generating relevant industrial knowledge. We successively developed a series of products such as intelligent research and development, intelligent manufacturing, and intelligent operation and maintenance, transforming into an industrial software development enterprise and developing an industrial software technology ecosystem." Speaking of the company's development, Chairman Yang Songgui elaborated.

Currently, Weituo Technology's products are mainly divided into industrial software for three-dimensional CAD/PLM/PDP research and development digital innovation platforms aimed at leading enterprises, intelligent manufacturing MOM systems for chain enterprises, and the "industry cloud platform + "small, fast, light, and accurate" Weiyun intelligent manufacturing software aimed at small and medium-sized enterprise clusters' digital transformation. Among them, the PDP research and development innovation platform, which integrates TRIZ theory, fills the domestic gap in industrial software, assists manufacturing innovation, and deeply empowers the high-quality development of the manufacturing industry. Weituo Technology focuses on the digital transformation of small and medium-sized enterprises, developing multiple vertical industry "small, fast, light, and accurate" Weiyun manufacturing product platforms, combining commonality and individuality in an "N+X" combination to assist small and medium-sized enterprises in their digital transformation.

Innovation is the soul, and technological strength is the foundation. With over 100 invention patents supporting Weituo Technology's continuous innovation in "specialization, refinement, uniqueness, and novelty", the company has successively been recognized as a national high-tech enterprise, a national specialized and innovative small giant, and one of the first national financial support pilot platforms for the digital transformation of small and medium-sized enterprises, and has been ranked among the top 5 in the "2023 China New Technology Industrial Modernization Field" by Internet Weekly.

　　Aiming at leading chain enterprises, covering all end-to-end functional modules.

In 2021, the "14th Five-Year Plan for Intelligent Manufacturing Development" was jointly released by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and other eight departments, setting a two-step development strategy for the manufacturing industry. The manufacturing industry is accelerating its transformation and upgrading towards digitalization, networking, and intelligence, leading to intensified competition among leading chain enterprises, which are enhancing their core competitiveness through self-developed products, technologies, and manufacturing innovations. This also makes every industrial product and every piece of equipment closely related to the use of industrial software. After years of accumulation, Weituo Technology has developed end-to-end industrial software covering research and development, manufacturing, and service, with a complete product line of CAD/PLM/CAPP/TRIZ/MOM/IOT digital integration, as well as core industrial software with independent intellectual property rights such as WIT 3D, PDP TRIZ digital innovation platform, MES/SCM/WMS digital factory suite, IOT Internet of Things software, and industrial cloud, providing manufacturing enterprises with a comprehensive end-to-end deep industrial internet solution from innovative research and development, lean manufacturing, agile supply chain, to predictive services.

Notably, the PDP TRIZ software is a research and development digital innovation platform that constructs an enterprise-level industrial data space platform. By connecting the entire process of product innovation and research and development, it digitizes innovation methods, processes, data, knowledge, and tools, expressing the complex data sources with a unified data model. From a business perspective, it covers the complete process of product planning, product definition, solution design, detailed design, and experimental verification, involving multidisciplinary knowledge such as mechanical manufacturing, structural design, liquid and electrical design, process design, computer science, and software engineering. It continuously integrates and refines these business knowledge with advanced software technology to meet business needs, enhancing the capability of decoupling business and technology, thereby achieving a data-driven management system that transforms expert experience into enterprise research and development capabilities, helping enterprises provide higher quality products to the market at a faster pace and lower cost, thereby enhancing product profitability from the source.

The Weituo Intelligent Manufacturing MOM solution is aimed at defense and military equipment manufacturing enterprises and leading chain enterprises, providing a digital manufacturing application platform for order management, procurement collaboration, manufacturing execution quality management, equipment networking, and data analysis. It aims to provide one-stop service for digital factories for manufacturing enterprises, avoiding information silos and automation silos, helping enterprises build real-time, flexible, and agile manufacturing systems based on indicators, data, and constraints, tapping into data value, enhancing the scientificity, transparency, and effectiveness of enterprise decision-making, and fundamentally saving costs.

　　Focusing on small and medium-sized enterprises, creating a "small, fast, light, and accurate" cloud platform.

The Ministry of Finance and the Ministry of Industry and Information Technology recently jointly issued a notice on the pilot work for the digital transformation of small and medium-sized enterprises (SMEs) in cities. From 2023 to 2025, it plans to organize the pilot work in three batches. "However, unlike leading enterprises, many SMEs face an insurmountable 'digital divide' due to issues such as insufficient funds and lack of talent," said Chairman Yang Songgui. "To assist in the transformation, we provide an overall solution of 'software + services' in a 'subscription' model, allowing business owners to choose the services they need based on actual requirements and budget."

The "Industry Cloud Platform + 'Small, Fast, Light, Accurate' Product Services" is a new service model provided by Weituo Technology for the operation and management of smart factories in industrial SMEs. It addresses issues such as the fragmentation of cloud services for smart factories, information silos between industrial software, and collaborative management of operations and production. The 'Small, Fast, Light, Accurate' product platform is tailored to vertical industries, using an 'N+X' approach that combines common industry needs with individual enterprise requirements. It focuses on product scenarios and business digitalization scenarios, plans microservice application products, and provides one-stop services for digital factories. By creating model enterprises, it promotes the 'batch' digital transformation of SMEs. So far, hundreds of enterprises have successfully launched applications, and thousands of SME digital transformation projects are underway.

"In the future, more and more SMEs will join the transformation army, and the market prospects will continue to improve. Next, Weituo Technology will continue to explore the deep integration of artificial intelligence and industrial software, providing SMEs with smarter, easier-to-use, and faster digital products and solutions." Ensuring that SMEs can afford, start well, use effectively, have short construction periods, high returns, and guarantees is an important driving force for Weituo Technology to empower the digital transformation of a large number of SMEs.

　　Create a Chinese model and adhere to the independent innovation strategy.

Jiangsu is a major province in China's manufacturing industry and a strong province in industrial software. According to information released at a recent special meeting on industrial software held by the provincial government, the revenue from industrial software products in the province reached 51.7 billion yuan in 2022, a year-on-year increase of 18.2%, ranking first in the country; the revenue of the industrial software industry chain was 282.9 billion yuan, accounting for over 20% of the national total. Driven by policies and supply-demand dynamics, the localization of domestic industrial software and the replacement of imports have become inevitable choices, presenting unprecedented space and opportunities in the market. Weituo Technology, as a "pioneer in technology and industrial innovation," has attracted the attention of the Nanjing municipal government investment fund in this fertile entrepreneurial land.

Technological innovation cannot be separated from the traction of industrial innovation, and it is even more dependent on enterprises as the main body. In recent years, the Nanjing Innovation Investment Group (referred to as "Nanjing Venture Capital Group") has closely monitored the "strong chain and supplement chain" actions in key industries and the role of software and information services therein. By utilizing capital market tools, it deeply integrates the innovation chain, industrial chain, capital chain, and talent chain to support the development of innovative enterprises and build a good venture capital ecosystem for Nanjing.

In 2022, the Venture Capital Group participated in Weituo Technology's B+ round financing, providing support in various aspects such as company operations, product research and development, market expansion, brand enhancement, and talent empowerment. This helped propel the company to drive dynamic perception industrial design software and industrial manufacturing software models through dual-wheel drive, serving leading enterprises and industry companies, and achieving the "cloud-based" and "collaborative" development of SME industrial clusters, making discrete manufacturing no longer "discrete."

"The digital economy is the 'key increment' for Jiangsu's transformation and upgrading. Actively promoting industrial enterprises to implement digital transformation, strengthening the software service industry, cultivating excellent industrial software companies, and pushing for breakthroughs in key digital core technologies are also the values we uphold as a government-guided fund. This time, the Venture Capital Group is increasing its investment in Weituo Technology's B+ round financing, hoping to assist in laying out the cutting-edge industrial software technologies needed for industrial development and to write a new chapter in the digital development of the manufacturing industry," said Ying Ailing, general manager of the investment department of the Venture Capital Group.

"Although there are many giants in the industrial software market, such as Siemens and Dassault Systèmes, which rank at the forefront in terms of maturity and market size, the domestic market has more advantages for China's industrial software. Weituo Technology has participated in national pilot projects for the digital integration of domestic SMEs, planning to promote digitalization to 45,000 SMEs over three years, and in the process, complete lean layouts for SMEs through organizational management and standard introduction." Regarding future plans, Chairman Yang Songgui has a clear goal, hoping to steadily advance and allow Weituo Technology's core industrial software to enter the national and even Southeast Asian markets, achieving "domestic substitution" in the application market and participating in international competition.

Source: Venture Capital Group

Reviewed by: Xue Yao

Published by: You Yi