No, the main members of the R&D team of Shangneng Electric Company have R&D experience in the world's top 500 companies, and the core technicians have more than 10 years of R&D experience in power electronic devices and have strong R&D capabilities. The company has cooperated with the top 500 companies for many times, but in the year of listing in 2020, Shangneng Electric handed over a performance answer sheet with a decline in net profit. Shangneng Electric Co., Ltd., founded on 20 12, is located in Wuxi City, Jiangsu Province, and is an enterprise focusing on research and experimental development. The registered capital of the enterprise is 237,600,864 yuan, and the paid-in capital is 73,333,600 yuan. In 2020, equity financing has been completed.