The first stage is the initial accumulation of resources (1985-1994).
1985, "Gu Yong Hardware Factory in Yueqing County" was established. Entrepreneurs in Gu Yong started from small family workshops, worked hard, and initially accumulated resources.
The second stage is the stage of large-scale development (1995-2001year).
Enterprises began to step into the track of large-scale development. 1April, 1995, the joint-stock cooperative system was reformed and "Zhejiang Gu Yong Hardware Factory" was established. 1June, 1999, the shareholding system was reformed and reorganized into "Zhejiang Gu Yong Hardware Co., Ltd.". In 200 1 year, the sales revenue of enterprises exceeds 1 100 million yuan.
The third stage is the development stage of brand strategy (from 2002 to now).
After the enterprise changed its name to "Gu Yong Hardware Co., Ltd.", the brand strategy was accelerated. "Gu" brand Wujinjiaodian products were recognized as famous brand products in Zhejiang Province, "(Hardware)" company was recognized as a well-known enterprise in Zhejiang Province, "Gu" brand trademark was recognized as a well-known trademark in China, and "Gu" brand trademark was rated as the only iconic brand in China Wujinjiaodian industry by China Brand Research Institute. From June 5438 to February 2005, the enterprise was renamed as "Gu Yong Group Co., Ltd.", a national non-regional group enterprise. The formal establishment of "Gu Yong Group" indicates that the enterprise has become a large and medium-sized private enterprise group with strong competitiveness and broad development prospects, with the production and operation of power fittings and cable accessories as the leading industries, spanning power transmission and transformation equipment, industrial investment, import and export trade and other fields.