At the turn of the year, summarizing 2024 brings both joy and regrets, and looking forward to 2025, we jointly anticipate a new chapter for China's forging industry.

　　In 2024, China's forging industry demonstrated strong resilience and innovation capabilities amid a market environment full of challenges and opportunities.

　　Significant progress in technological innovation: The forging industry has achieved remarkable results in material research and development and process innovation. Advanced process technologies such as precision cold, warm, and hot forging, and ultra-high strength steel hot forming have been widely applied, improving product quality and performance. Meanwhile, the application of intelligent and digital technologies has also driven the industry's transformation and upgrading.

　　Sustained growth in market demand: With the rapid development of wind power, chemical, aerospace, nuclear power, and other fields, the demand for high-end forgings continues to increase. China's forging industry actively responds to market demand, continuously enhancing product added value and competitiveness to meet the diverse needs of downstream industries.

　　Green development becomes a trend: Against the backdrop of stricter environmental policies, the forging industry actively responds to national calls by intensifying efforts in energy conservation and emission reduction. By optimizing production processes and adopting clean energy measures, energy consumption and emissions have been reduced, promoting the industry's green development.

　　International cooperation and exchanges continue to strengthen: China's forging industry actively participates in international competition and cooperation, introducing advanced foreign technologies and management experience, enhancing the overall industry level and international competitiveness. At the same time, it also provides more opportunities for Chinese forging products to go global.

　　Looking ahead to 2025, China's forging industry will face broader development prospects and more intense market competition.

　　Technological level will further improve: With continuous technological progress and enhanced innovation capabilities, the forging industry will see more core technologies and advanced processes with independent intellectual property rights emerge. The application of these technologies will further improve product quality and performance to meet market demand for high-end forgings.

　　The intelligent and green transformation will accelerate: Under the trends of intelligent manufacturing and green development, the forging industry will speed up its intelligent and green transformation. By introducing advanced information technology and intelligent equipment, production efficiency and product quality will be improved; meanwhile, efforts in energy conservation and emission reduction will be intensified to promote sustainable industry development. Market demand will continue to grow: With increased national support for the equipment manufacturing industry and rapid development in new energy, aerospace, and other fields, demand for high-end forgings will keep rising. China's forging industry will embrace more market opportunities and development space.

　　International cooperation and exchanges will deepen: In the context of globalization, China's forging industry will actively participate in international competition and cooperation, strengthening exchanges and cooperation with international peers. By introducing advanced foreign technologies and management experience, the overall industry level and international competitiveness will be enhanced; at the same time, this will promote Chinese forging products to go global and expand international markets.

　　The 2025 China International Metal Forming Exhibition, as the only professional exhibition for forging, stamping, sheet metal, and manufacturing in China, has been successfully held 24 times. In 2025, the exhibition will be upgraded again, focusing on "new markets," "new technologies," and "new products," aiming to promote supply and demand matching, continuously explore the application and research of new fields and new materials, and drive a leap in enterprises' new quality productivity.

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　　May our industry ride the wind and waves in the new year and create new brilliance!