In 2023, our company has received the certificate of “High and New Technology Enterprise” issued by Zhejiang Science and Technology Department, Zhejiang Finance Bureau, Zhejiang State Taxation Bureau and Zhejiang Local Taxation Bureau, which is valid for three years. The threshold of national high-tech enterprises is high, and the recognition is subject to strict evaluation and approval procedures, Hongbao power supply won the high-tech enterprise again by virtue of its excellent technical strength, which marks that our R & D and innovation has been affirmed and recognised by the relevant departments of the state.

The High-Tech Enterprise certification is a comprehensive assessment and recognition of a company’s core proprietary intellectual property, ability to commercialise scientific and technological achievements, organisational and managerial capabilities in research and development, growth indicators, and talent structure; it demonstrates that our company has achieved a certain level of success in innovation and R&D.
At the same time, our company has once again been awarded the title of “Star Enterprise” by Liushi Town. At the Liushi Town Economic Work Conference, enterprises that achieved outstanding results in 2022 were publicly commended, Hongbao Power was once again named a “Star Enterprise”. This selection process assessed companies across four key areas: business integrity, workplace safety, labour protection and environmental protection, whilst also taking into account annual sales revenue and tax contributions to evaluate their overall strength.

As a high-tech enterprise and a leading company in our sector, we will continue to uphold the philosophy of “pioneering innovation”, further increase our investment in research and development, and cultivate a talented workforce. This will ensure a steady supply of talent and technical support for the company’s future development, thereby further enhancing our core market competitiveness and achieving new heights of success.