Jiangsu Hongyu Power Tools Co., Ltd. is located in Lvsi Port of Jiansu Province which is one of the four biggest fishing ports in China. Our company is one of the top 100 enterprises in power tool industry in China. At present, our total assets reach 155 million RMB, and our company covers an area of 28,000 square meters, including 25,000 square meters of building area.
Now, we have 400 sets of equipment, including 120 sets of large imported equipment. In 2007, our sales income was 246 million RMB, and profit was 31.5 million RMB. After years of hard work and progressive development, we have intellectual property products. Mr. Luping Zhang, the chairman of our company, is an excellent private entrepreneur. He is honored to be the vice president of Qidong City Power Tools Industry Association, and owns personal assets of 1.8 billion RMB. From 2004 to 2006, our company was honored as "One of 30 The Most Development Potential Companies" for three consecutive years in Qidong City.
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