Yan Huaizhong, chairman and president of Radio and Television, said yesterday that the company will continue to focus on the high-end product market after the listing, and will vigorously develop the transmission and distribution components business and develop the power electronics business at a high speed. Continuously enhance the core competitiveness of the company, making Radio & TV become one of the most competitive, technologically advanced, and highest quality electrical companies in the industry.
As a privately owned company in Shanghai, Radio & TV Group has developed for more than 20 years and has become a key enterprise in the power transmission and distribution industry and power electronics industry in China. Yan Huaizhong introduced that the company’s core competitiveness is mainly reflected in three major areas. One is the team. Focusing on the core markets of the company’s products, the company has a team that has accumulated a lot of experience and passion for more than 20 years. They are successful companies. The second most important foundation is technology; through the combination of self-development and introduction and absorption, it has a large number of patents and high-end products, and it has a good acceptance and reputation in the high-end customer base market. The third is a multi-brand strategy. This has provided wings for the company’s leading technologies and products and laid a good foundation for further development of overseas markets.
Yan Huaizhong specifically talked about the competitive advantage of SVA's leading products. According to him, in the field of transmission and distribution, SVA owns a joint venture with General Electric (GE) brand products that can provide users with high-end services and quality products. For example, in terms of components, the third project that is joint venture with General Electric is mainly The production of intelligent molded case circuit breaker products is the world’s leading double-breakpoint rotary contact circuit breaker. This technology was previously only held in the hands of one or two internationally renowned companies. Nowadays, SVA has also independently developed products. Once this project Industrialization will bring about a tremendous increase in the profitability of China's entire transmission and distribution industry in the next year or two.
He further explained that in terms of power electronics, the company also has strong research and development capabilities. For example, the world’s largest ultra-large-capacity frequency converter developed by SVA has passed four technical tests that reached the international advanced level on the 19th of this month. It can become the core product of China's future long-distance transmission of oil and natural gas, which will lay a very good foundation for further development and performance of the company. He also revealed that the company also has low-voltage source filters, high-power grid-connected solar inverters and other products, so these three main products in the field of power electronics will certainly provide very strong impetus for the future development of SVA.
When talking about whether the company's operating performance in the next few years will be further improved, Yan Huaizhong said with full confidence that the future of the radio and television business is stable, because the market share of its own branded products and sales gross profit margin are also growing. The further strengthening of cooperation with GE and the start of a new round of power grid reform by the country will be beneficial to the development of the company. He pointed out that with the successive investment of raised capital projects, while continuing to increase the continuous innovation after R&D investment, and continuously expand the market share of products, it is believed that the company's operating performance will surely rise significantly in the next few years.
As a privately owned company in Shanghai, Radio & TV Group has developed for more than 20 years and has become a key enterprise in the power transmission and distribution industry and power electronics industry in China. Yan Huaizhong introduced that the company’s core competitiveness is mainly reflected in three major areas. One is the team. Focusing on the core markets of the company’s products, the company has a team that has accumulated a lot of experience and passion for more than 20 years. They are successful companies. The second most important foundation is technology; through the combination of self-development and introduction and absorption, it has a large number of patents and high-end products, and it has a good acceptance and reputation in the high-end customer base market. The third is a multi-brand strategy. This has provided wings for the company’s leading technologies and products and laid a good foundation for further development of overseas markets.
Yan Huaizhong specifically talked about the competitive advantage of SVA's leading products. According to him, in the field of transmission and distribution, SVA owns a joint venture with General Electric (GE) brand products that can provide users with high-end services and quality products. For example, in terms of components, the third project that is joint venture with General Electric is mainly The production of intelligent molded case circuit breaker products is the world’s leading double-breakpoint rotary contact circuit breaker. This technology was previously only held in the hands of one or two internationally renowned companies. Nowadays, SVA has also independently developed products. Once this project Industrialization will bring about a tremendous increase in the profitability of China's entire transmission and distribution industry in the next year or two.
He further explained that in terms of power electronics, the company also has strong research and development capabilities. For example, the world’s largest ultra-large-capacity frequency converter developed by SVA has passed four technical tests that reached the international advanced level on the 19th of this month. It can become the core product of China's future long-distance transmission of oil and natural gas, which will lay a very good foundation for further development and performance of the company. He also revealed that the company also has low-voltage source filters, high-power grid-connected solar inverters and other products, so these three main products in the field of power electronics will certainly provide very strong impetus for the future development of SVA.
When talking about whether the company's operating performance in the next few years will be further improved, Yan Huaizhong said with full confidence that the future of the radio and television business is stable, because the market share of its own branded products and sales gross profit margin are also growing. The further strengthening of cooperation with GE and the start of a new round of power grid reform by the country will be beneficial to the development of the company. He pointed out that with the successive investment of raised capital projects, while continuing to increase the continuous innovation after R&D investment, and continuously expand the market share of products, it is believed that the company's operating performance will surely rise significantly in the next few years.