About Huyu-HUANYU HIGH-TECH CO., LTD.

Strategic Alliance

About Huanyu Group

Introduction

Founded in 1989 and headquartered in Yueqing, Zhejiang Province, Huanyu Group is a national conglomerate which features in high technology and has a national post-doctoral research station. With four industrial bases in Shanghai, Wenzhou, Nanjing and Shenyang, the Group involves a host of businesses including electric power, food, finance and real estate.

After 30 years of development, Huanyu has taken the lead in electrical components, equipment and solutions in China. Its business ranges from low-voltage power distribution to high-voltage solutions, along with the application of intelligent electricity, covering all provinces, municipalities and autonomous regions in China as well as over 30 countries and regions in Europe, the United States, the Middle East and Southeast Asia.

While focusing on the power sector, HUYU actively promotes the layout of modern agriculture and food strategic pillar industries based in Shenyang, and is committed to promoting the harmonious coexistence of economic growth, a better life and national construction.

Facing the challenges in the forthcoming century, Huanyu Group will continue to adhere to the enterprise philosophy of "Science, Integrity, Pragmatic, Harmony", and be dedicated to building itself as a "scientific and technological enterprise", a first-class modern enterprise group with strong cultural cohesion and brand influence.

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About Eaton

Introduction

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. Eaton provides sustainable solutions that help its customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and the company sells products to customers in more than 175 countries. Eaton has approximately 85,000 employees. Eaton entered the Chinese market in 1993, and has grown significantly since then. In 2004, Eaton moved its Asia-Pacific headquarters from Hong Kong to Shanghai. Today, Eaton has nearly 8,000 employees and 19 manufacturing facilities in China.

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History

1989-1995

COMPANY FOUNDED
1996-2014

INTEGRATION AND DEVELOPMENT
2015-2020

TRANSFORMATION AND UPGRADING
2021-Present

JOINT VENTURE

Yueqing County Great Wall Low Voltage Electrical Appliance Factory, the predecessor of Huanyu Electric, was founded.

1989-1995
In 1996, 10+ enterprises from Shanghai, Hangzhou and Tianshui together set up the "China Huanyu Grourp".
In 2000, the HU series, Huanyu Group’s self-developed product, was launched.
In 2003, the HUM8 series was listed in the Torch Programme, a China’s science and technology development programme.
In 2004, Huanyu Group Wenzhou Bridge Industrial Park was brought into operation.
In 2006, the postdoctoral research station was approved by the Ministry of Human Resources and Social Security of PRC and the value of output exceeded 1 billion yuan for the first time.
In 2007, Huanyu Group was listed among the Top 500 Chinese Enterprises published by the National Bureau of Statistics of China and was awarded “Outstanding Contribution Award” in Wenzhou.
In 2013, Huanyu Group (Shanghai) Intelligence Industry Park was put into use in Pudong District, Shanghai.

1996-2014
In 2015, Huanyu Group carried out material asset reorganization.
In 2016, HUYU was listed on Top 100 companies in China's electrical industry, and ranked 300th among Top 500 companies in China’s manufacturing.
In 2018, The intelligent terminal electrical products were launched and Huanyu high technology center was awarded “Provincial Enterprise Research Institute” in Zhejiang.
In 2019, HUYU was granted the quality certificate of “DEFINED QUALITY”.
Huanyu Hi-Tech won the Wenzhou Mayor Quality Award in 2020
In 2020, Huanyu High-tech won “Wenzhou Mayor Quality Award”; Huanyu High-tech’s quality testing center was awarded Laboratories Accredited by CNAS; Huanyu Group signed joint venture agreement with Eaton.

2015-2020
On March 30, 2021, the joint venture Huanyu High-tech Co., Ltd. was founded.
Huanyu Group and Eaton Group jointly build a Chinese high-tech enterprise focusing on the production and sales of low-voltage electrical components.

2021-Present