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Corporate profile of China Titan New Energy Group Co., Ltd.

The main products developed and operated by the company include: power DC product series, electric vehicle charging equipment, power grid monitoring and management equipment, high-power energy-saving lighting products, wind energy and solar power generation systems and other products.

After years of development, the company has achieved good results and has won a series of honors, including: National High-tech Enterprise, Guangdong Province Contract-abiding and Credit-worthy Enterprise, Guangdong Province Famous Trademark (Titan Trademark), Guangdong Province Famous Brand Products, Guangdong Province Glorious Star Enterprise, Zhuhai City Top Ten Private Enterprises, etc.

The company ranks first in China's DC electronics industry. As of 2008, Titan's sales accounted for more than 12.3% of the domestic power DC product market share.

Market news revealed that the group plans to list China Titan Energy Technology (02188) in Hong Kong at the end of May 2010, with an IPO price range of HK$1.05 to HK$1.2. The overall gross profit margin of products in 2009 was 46.95.

Market news revealed that China Titan Energy Technology (02188), which is mainly engaged in the supply of power products and equipment, has an offer price range of HK$1.05 to HK$1.2 per share, and plans to issue approximately 200 million shares, raising funds ranging from HK$2.1 to HK$2.4 billion Hong Kong dollars, the sponsor is OSK and the book runner is Guotai Junan.

According to Titan's preliminary prospectus uploaded on the Hong Kong Stock Exchange website, the company's products are divided into five categories, the most important of which are power DC products, which contributed more than 60% to revenue last year. Titan's profits from 2007 to 2009 were 31.455 million yuan, 38.7 million yuan and 53.224 million yuan respectively, with turnover of 140 million yuan, 175 million yuan and 216 million yuan. Titan's overall gross profit margin in 2007 was 48.5, which dropped 3.25 percentage points to 45.25 in 2008; it rose slightly to 46.95 in 2009. Among them, the gross profit margin of power DC products is 51.99, and the gross profit margin of power grid monitoring and management products is 6.18.