Industry trends

Recently, the Company has been successfully passed the review and appetence jointly performed by Shandong Province Science and Technology Department, Shandong Province Department of Finance, Shandong Provincial Office of State Taxation Bureau and Shandong Local Taxation Bureau; and the Company has been recognized as a “National High-Tech Enterprise”. This is a significant achievement made because the Company adheres to the guidance of science and technology and innovation-driven development. The achievement is not only a strong interpretation of our long-standing adherence to technological innovation, but also a sign that the Company has been equipped with independent innovation of science and technology research and development.

Since its inception, the Company has promoted the development by closely relying on technological innovation and technological progress; we constantly improve the added value and technological contents to our products as well as the market share by means of automation equipment, refining production and keeping up with internationally state-of-the-art technologies. In addition, the Company has set up a dedicated Engineering & Technology Research Center equipped with a highly qualified team of technical innovation and advanced equipment and has also established long-term cooperation relationships with well-known research institutes, universities and colleges as well as multinational companies to steadily promote the development of innovative products and constantly improve our core competitiveness and sustainable development.

The Company's high and low voltage complete sets of equipment, box-type substations (switching substations), distribution transformers and other products and technology solutions have reached an advanced level among peers; they have been widely used by the State Grid Corporation of China as well as many large-scale mine enterprises, municipal engineering and real estate projects – our products holds a stable and obviously advantageous market share.

The Company will, at the moment of being awarded the national “High-Tech Enterprise Certificate”, continue to enhance R&D investment, accelerate the pace of technological innovation, and strive to achieve sustainable development of the Company, so as to continue to contribute what we have to the development of China's power industry!