I have no way of knowing the purpose of the Sun Qingyan family’s use of industrial control to cancel the equity transfer of Hangzhou Electric. Maybe it’s for the sake of the family, maybe there’s a bigger plan, or maybe the pure industrial prosecutors think the valuation is too high? However, it can be seen from Sun Qingyan's frequent changes in his ownership structure in the past two years that he may continue to sell shares, or rely on listed companies to do some mergers and acquisitions. Either way, Hangzhou Electric has a promising future.
1. Hangzhou Cable Co., Ltd. is the core enterprise of Fuchunjiang Communications Group Co., Ltd., established in 1958. It is a national high-tech enterprise, a professional wire and cable manufacturing enterprise integrating scientific research, design, manufacturing and sales, and the chairman unit of Zhejiang Wire and Cable Industry Association.
2. Corporate literature. The company believes in the tenet of "quality first, customer first" and always focuses on brand building. The company's "Yongtong" trademark is a well-known trademark in China, a famous brand product in Zhejiang Province, a national inspection-free product, and a national user-satisfied product in the machinery industry.
3. Main achievements. In recent years, while strengthening the construction of high-tech R&D centers, the company has also increased investment in R&D of new products and new technologies. It has successfully developed high-strength and heat-resistant aluminum alloy stranded wires with a conductivity of 60% and expanded diameter conductors for 750 kV transmission lines. , 220 kV intelligent temperature measurement cables, medium-strength aluminum alloy stranded wires, steel core aluminum alloy stranded wires, large-section and long-span series aluminum alloy conductors for power transmission projects, and more than 10 new products.
4. Win honors. On September 16, 2020, it was selected into the 16th China Machinery Industry Top 100 list sponsored by the China Machinery Industry Federation and the China Automobile Industry Association, ranking 64th.
5. Major customers. The company has introduced world-class technology and equipment from the United States, France, Finland, Italy and other countries, such as Finland's Nokia CCV contact network and VCV vertical ultra-high voltage cross-linked cable production line, and the French Portia Company's ф 2800 drum stranding machine , the 700 kV series resonance partial discharge withstand voltage equipment of the American Hubble Company, etc. The company's main products include power cables of 220 kV and below, large-section and large-span aluminum alloy wire series, special cables, overhead wires, overhead cables, wires for electrical equipment, rubber-sheathed cables, mining cables and other series. Products are sold throughout the country and exported to Africa, Latin America, Southeast Asia, Hong Kong and Macau. At the same time, many national key projects choose our products, such as the 2008 Olympic Center (Bird's Nest), Water Cube National Swimming Pool, Olympic Village Project, Three Gorges Hydropower and Ertan Hydropower Project, Qinshan Nuclear Power Plant Project, Tianhuangping Pumped Storage Power Station, Hangzhou Xiaoshan International Airport, Beijing-Hangzhou Metro Project, etc.