The development of hardware pumps and valves industry is restricted; a dual approach of R&D and imports is adopted.

Steel, as a raw material for the pump and valve industry, is facing an urgent need for transformation amidst increasing environmental pressures. The steel industry risks reduction in production, which in turn could lead to a short-term increase in steel prices, raising costs for the pump and valve industry and causing price fluctuations in the short term. In recent years, China's pump and valve industry has seen rapid development, with significant improvements in production levels and a substantial increase in output. However, it's somewhat ironic that small and medium-sized enterprises, as well as private ones, have experienced a higher growth rate and a larger share in this process, while large-scale pump and valve enterprises are scarce. The domestic pump and valve industry lacks brand strength and market competitiveness. Looking at the current state of the pump and valve industry, it too faces the risk of eliminating outdated production capacity. Under the impact of the financial crisis, the market for steel, construction, and their upstream and downstream industries has sharply contracted, which is undoubtedly a fatal blow to the pump and valve industry that relies on these industries for development. Although the financial crisis has had a negative impact on China's pump and valve industry to some extent, it has also exposed the internal shortcomings of the industry, leading to significant improvements under the market economy's "survival of the fittest" principle. The domestic market for pump and valve products in China is vast, but the export market is somewhat thin, and these are all factors that hinder the development of the hardware pump and valve industry.

It is understood that in the domestic market for stainless steel centrifugal pumps, foreign enterprises hold about 50% of the share. Some domestic companies' stainless steel centrifugal pumps have performance that is nearly on par with foreign counterparts, yet their prices are only about 40% of those of foreign products. The market space created by the substitution of imports has enabled the company to achieve growth against the current trend.

In recent years, China's general machinery industry has made significant progress, particularly in the areas of pump and valve technologies, which have seen continuous improvement and the ability to supply some mid-to-high-end products to the market. In 2011, China's large-scale pump and valve manufacturing enterprises achieved a main business income of 435.9 billion yuan, a year-on-year increase of 28.41%; and a total profit of 49.086 billion yuan, a year-on-year increase of 28.71%. However, overall, the concentration of China's pump and valve market is relatively low, with a focus on producing mid-to-low-end products. In terms of core technology, domestic enterprises still have a gap compared to developed countries. Statistics show that in 2010, China's apparent consumption of valves was approximately 12 billion US dollars, with imports totaling about 2.3 billion US dollars. This indicates that there is still a significant room for import substitution.

Domestic pump and valve companies have identified the development potential of import substitution and have been actively researching and developing mid-to-high-end products, making continuous progress. Zibo Jieyou Pump Co., Ltd. specializes in the following main products:Stainless Steel Submersible Pump，Deep Well Submersible PumpSubmersible axial flow pumps, submersible sewage pumps, various vacuum pumps, vacuum pump packages, submersible axial flow pumps, axial flow pumps, mixed flow pumps, middle-split pumps, slurry pumps, centrifugal pumps, pipeline pumps, chemical industry pumps, self-priming pumps, submersible pumps, deep well pumps, sewage pumps, desulfurization pumps, diaphragm pumps, magnetic pumps, screw pumps, fluoroplastic pumps, engineering plastic pumps, and other products.