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In 1998, the company carried on shareholding system transformation, established to Shandong Gongyou Group Co, Ltd, company's registered capital is 29,300,000 yuan, fixed assets are 2. 200 million yuan, has nearly 3000 staff, big personnel with above special secondary academic credentials are 600 among them, more than 200 of professional and technical personnels of high titles people,cover an area of 600,000 square meters of company, the modernized factory building is with an area of 240,000 square meters, has jurisdiction over and set up the Industrial Co., Ltd. of woodwork , Gongyou electric Co., Ltd., cast the Industrial Co., Ltd., Gongyou building materials limited company, Seiko Industrial Co., Ltd., Gongyou water pump limited company , casting and smelting Co., Ltd. , Jinhui cast Co., Ltd. , Gongyou green fruits and vegetables limited company and Industrial Co., Ltd. of Gongyou of Sichuan.

Products with " Gongyou " brand multi-purpose lathe of woodwork of production are regarded as the locomotive of company, the production and management include the woodworking machinery, motor , casting machinery , water pump, chemical products , construction material,smelting , fruit vegetables ,etc. more than 200 kinds of specifications . At present, the annual production capacity of woodwork lathe of the leading products is up to 300,000, the volume of production and marketing and comprehensive benefit of the industrial economy have been occupying the first place in a contest of the same trade all the time , the coverage rate of domestic market exceeds 60% for a time , the products find a good sale in America , Oceania , Africa , Southeast Asia etc; The motor is the second leading products of company, and company can produce 320,000 motors every year, disposable and smooth through the confirmation of the export license in February of 2002.

Being market-oriented, company is perfecting the construction plan of the market constantly, implements post target responsibility system, optimizes and forms an outstanding sales force's team, sets up and regards selling company as total responsibility system , independent management , keeps separate accounts , the strong selling system of battle array , regards every province as the area and sets up nearly one hundred key customers, in order to play its key role, forms the commercial network with more than 200 commercial networks, and through holding the new products exhibition and the meeting for the placement of orders of products, accelerate the speed that the new products introduced to the market , and is perfecting the service system after sale constantly, thus make domestic market share soar constantly, and overseas market expands gradually.

Gongyou group insists on taking total quality control as the thread all the time, putting the quality control with modern enterprise's characteristic on the important position of the work, and make quality control standardize , effective,scientific , establishes strong quality-mind and crisis awareness in the whole company. Quality is integrated with the international standard, is an essential precondition that the products participate in the international competition and squeezing into the international market, Gongyou group has passed ISO9001 quality certification system authentication, the safety certification of the woodworking machinery and authentication of the Great Wall of electrician's products,and carries out every standard of international quality authentication of ISO9001 to require conscientiously , stock the factory from the raw materials, production process to check on products dispatching from the factory and after-sale service each overall link strictly , follow and examine, improve in a proper order , set up and amplify every test stone and examine the system, perfect the detection means of the physics and chemistry, through the diversified forms of study and technological quality of the persons who improve quality testing of training, thus guarantee product quality improves steadily year by year.

In practice of managing of enterprises, fellow worker's group regards the scientific and technological progress and new product development as primary task which extend enterprise's life all the time. The technological existing engineers and technicians of professional title at all levels of development centre are more than 150, high title is 30 people among them, the proportion of number of people of the academic credentials above undergraduate exceeded 90%, the technological development centre was confirmed as the technological development centre of enterprises of Shandong in 1998, the company is increasing the input in technological transformation constantly, make the investment and already exceed ten million in recent years, the product development of technique center all adopt the auxiliary design of CAD and U.S.A. Pro/E three-dimension to design the software, adopt CAPP, realize the communication of the network and resource-sharing , can exchange with the E-mail on the inside , have improved the speed of development of the new products greatly . At present, PDM administrative system is in course of implementing. The technique center develops more than 200 kinds of new products altogether in recent years, patent 50 items, more than 20 items are listed in new product plans of country , Shandong , Weihai or scientific research plan, 18 items obtain the country , provincial ,and ministerial level progress prize in science and technology .

The cultural construction is that enterprises move towards the brilliant important pillar . Gongyou group realizes it is the guarantee that enterprises radiate vigour that the worker keeps good mental outlook. Enterprising spirit on Company advocates " self-respect , improve oneself , be hardworking and thrifty , strive , achieve the first class ", introducing has factory clothes , badge of elegance of era , establish worker's school , carry on the political and ideological education and skills training of the business in a planned way , by different level, one group of Youth League organizations insists on launching such activities as emulation drive , entertainment , social public service ,etc., invests nearly million yuan to establish the library, has purchased a large number of books, newspapers and periodicals, magazine, abundant worker's amateurish life, establish " the Gongyour in Shandong newspaper ", the hand is one. For many years, the company has put caring the workers in the first place, invested a huge sum of money to build the spacious and bright residential building, and the district estate management auxiliary facility is complete on water , electricity , warm, worker's dormitory building and mandarin duck's floor realize the apartment manage, make workers have no worry at all, devote oneself to work physically and mentally.

The brand is the direct reflection of the corporate image, and the concrete embodiment of enterprise's key competitiveness . Gongyou group realizes the impact of brands on company's popularity and good reputation degree of the effect , and paid close attention to the construction of the brand, put out sincere , cordial,immensely popular advertising language---" Gongyou Gongyou, " , the friend of woodwork" , " Gongyou gongyou, the friend of getting rich " at the beginning of the 1990s, invest several ten million yuan in CCTV and broadcast the corporate image advertisement in prime time, Gongyou group bill-board can be seenin the whole country a lot of cities, Weihai passenger steamer in Dalian there is " fellow worker " number , the train from Weihai to Jinan has " Gongyou " number too. Passing this line of advertising offensives. this brand of "Gongyou" is widely known, ubiquitous.