I. Company History and Basic Information
The company was founded in 2009, starting with the production of low-voltage circuit breakers as a subcontractor. In 2011, it established its own brand. In 2015, it shifted from low-voltage circuit breakers to power equipment. From 2016 to 2023, it entered a period of rapid growth, and has now developed into a high-tech enterprise specializing in the research, design, production, and sales of high and low-voltage electrical complete equipment. The company has two own production bases covering an area of 110,000 square meters. It is the vice president unit of the Yicheng Distribution Box Industry Association, the vice president unit of the Zhejiang Electrical Industry Association, and a member unit of the China Electrical Industry Association. The company's total assets have increased from 399 million yuan in 2019 to 790 million yuan in 2023. In recent years, it has been awarded titles such as "National Ministry of Industry and Information Technology Small and Medium-sized Innovative Enterprise", "Zhejiang Invisible Champion Cultivation Enterprise", "Zhejiang AAA-level Contract Keeping and Creditworthy Enterprise", "Zhejiang Enterprise Research Institute", "Zhejiang High-tech Enterprise Research and Development Center", "Wenzhou Demonstration Pilot Enterprise for Integration of Industry and Information Technology", "Wenzhou Green Factory", "Wenzhou High-Growth Industrial Enterprise", "Leqing Manufacturing Top 20 Enterprise", and "Zhejiang Manufacturing 'Zi-Mu' Mark". The company is committed to becoming a leading "Electrical Integration Solution Provider" and its products are applied in fields such as power grids, transportation, smelting, chemicals, and medicine. It maintains long-term close cooperative relationships with national power grids, Southern Power Grid, and local power grid companies, China Communications, Baowu Steel, Shaanxi Coal, Sinochem, China Construction, China Metallurgical, China Electric Power Construction, Huawei Data Centers, and domestic well-known commercial real estate companies such as Vanke and World Trade, and has become a strategic partner with Schneider. The company has obtained authorization for its high-voltage cabinet brand "Mvnex" and low-voltage cabinet brand "Blokset" from Schneider.
II. Company Operating Capacity Introduction
1. Main Business Situation
The company is a high-tech enterprise specializing in the research, design, production, and sales of high and low-voltage electrical complete equipment, and is committed to becoming an "Electrical Integration Solution Provider". Currently, its products include: high and low-voltage cabinets, ring network cabinets, JP cabinets, distribution cabinets, and other complete equipment.
2. Emphasizing infrastructure construction and leading in intelligent manufacturing.
In the past three years, the company has invested approximately 180 million yuan in building a digital and intelligent new factory. Additionally, it has invested 16 million yuan to introduce advanced equipment from abroad and has carried out technical renovations on existing equipment. It now possesses advanced production and testing equipment such as the fully automated production line of Japanese Kawasaki robot circuit breakers, German Traxon CNC machines, robot welding machines, mechanical hand CNC bending machines, Fuzhou Laser Cutting Machines, standardized operation lean production lines, high-precision one- and two-time integration testing benches, helium leak detectors, etc. It has built a digital workshop for ring network cabinets and connected to the national power grid's Electrical Equipment Smart Internet of Things Platform (State Grid EIP) system (the first batch in China and the first in Zhejiang), developed and applied the ECA Enterprise Digital Management Platform and Junlang Electrical Equipment Smart Management Big Data Cloud Platform, and utilized various interaction methods such as touch screens, PLCs, PDAs, barcodes, and on-site industrial control computers to achieve digital management, cloud intelligent supervision, transparency in the factory, and enhance the level of intelligent manufacturing. The company has received honors such as "Wenzhou Demonstration Pilot Enterprise for Integration of Industry and Information Technology" and "Wenzhou Green Factory", and the "ECA Enterprise Digital Management Platform" has won the "Zhejiang Ninth Enterprise Information Innovation Project Excellence Award".
3. Committing to technological innovation to boost business development.
The company has always regarded technological innovation as the driving force for its development. It has established "Provincial High-tech Enterprise Research and Development Center", "Provincial Enterprise Research Institute", "Wenzhou Industrial Design Center" and other institutions. It has also established long-term research and development cooperation relationships with scientific research institutions such as China Agricultural University, Fujian Normal University Minnan College, and Zhongneng Guoyan (Beijing) Power Science Research Institute. In the past three years, it has invested 43.5 million yuan in research and development funds and has carried out the research and development of 24 or more new products and new technologies, including circuit breakers for preventing short circuits and accidental operations, electrical cabinets for safe operation after fire, and installed fixture for inverted current transformers in medium-position cabinets. Five of these new products have passed the new product appraisal in Zhejiang Province, and the production rate of new products has reached 98%, with a new product output rate of 64.7%. The company has core technologies such as digitalization, intelligence, greenness, and energy conservation. It has been granted 91 national patents, including 11 invention patents, 68 utility model patents, 12 design patents, and 10 software copyrights. It has been awarded "Leyuan Patent Demonstration Enterprise" and "Specialized, Skilled, Innovative Small and Medium-sized Enterprise". It has participated in the formulation of three national standards and two group standards of the Electrical Industry Association of Guangdong Province. It has published eight papers in the journals "Rural Electrification" and "Power System Distribution Professional Media". The company's core technical competitiveness has continued to strengthen, promoting its development.
4. Optimizing human resource management, focusing on employee growth, and achieving effective management.
The company follows the principle of "people-oriented", continuously improves the incentive mechanism, strengthens the training and education of employees, and actively creates a favorable environment for fully exerting employees' talents. The company timely adjusts the work institutions and positions, implements "functional division system" vertically, and "project coordination system" horizontally. It establishes career development channels around one center, two focuses, and four key points. Through conducting talent inventory, it discovers reserve forces and provides career development guidance. The company actively builds a learning organization and formulates corresponding training plans for senior management, middle management, and grassroots management personnel. It has successively established venues such as Junlang Academy and library, and set up the "Today Junlang" publicity and communication department. The company offers one-time rewards and educational allowances to personnel who obtain recognized diplomas or professional titles through self-study, correspondence education, or online education. 50% of the tuition fees for educational courses and 100% of the examination fees for obtaining professional titles are reimbursed. In 2021, the company obtained the qualification of "Zhejiang Province Enterprise Vocational Skill Level Recognition Pilot Unit", becoming one of the first five enterprises in Leyuan to obtain this qualification. The salary and welfare have continued to increase for three consecutive years.
III. Introduction to Corporate Culture
To enrich employees' knowledge, increase their professional skills, and enhance their cohesion, the company conducts various training courses irregularly and organizes 1-2 tourism expansion activities each year. At the same time, to enrich employees' lives, the company also holds sports meetings, birthday parties, reading clubs, and other activities irregularly. It has established Junlang Home Culture Center, official account, library, and Junlang Academy. The company advocates "family" culture and is committed to building a campus-type enterprise, hoping that employees can gain happiness, growth, and realize their self-worth in work.
IV. Introduction to Company Development Capacity
1. Main customers, market share, and product market distribution
The company's products have been applied in the fields of power grids, transportation, steel, coke, data centers, chemicals, commercial real estate, etc. The main customers include national, southern, and local power grid companies, China Railway, China Construction, Huawei data centers, Baowu Steel, Shaanxi Coal, Jining Mining, etc., maintaining long-term close cooperation. There are also hundreds of cabinet factories that have long-term cooperation with the company. As of now, the company has won bids in nearly twenty provincial and municipal power companies including State Grid Zhejiang Electric Power Company, Fujian Electric Power Company, Hunan Electric Power Company, Jiangsu Electric Power Company, Anhui Electric Power Company, Hubei Electric Power Company, Sichuan Electric Power Company, Chongqing Electric Power Company, Shaanxi Electric Power Company, Henan Electric Power Company, Qinghai Electric Power Company, Jilin Electric Power Company, Heilongjiang Electric Power Company, etc. In 2021, the company won a total of 27 projects with a total bid amount of 320 million yuan and a total sales revenue of 502 million yuan.
2. Market competition intensity and main competitive strategies
Our products also include high and low voltage switch cabinets, cable branch boxes, box-type substations, ring main units, one- and two-time integration equipment, etc. These products have won bids and been put into use in many fields. The company has also established a strategic partnership with France Schneider and has obtained the authorization for its high-voltage cabinet Mnvex and low-voltage cabinet BlokSet brand cabinets, enabling it to participate in national key projects and power engineering. The customer loyalty of the company has maintained a stable growth over the past three years, reaching 93.50% in 2021. The company has vigorously promoted standardized product design to quickly respond to customer needs and promote batch production of products. The company provides overall product design solutions for non-standardized electrical schemes or special project electricals for customers, implements "three-special services" for key customers and "one-on-one service system" for A+ level customers, laying a solid foundation for serving various industries and the long-term development of enterprises. As of now, the company has won bids in nearly twenty provincial and municipal power companies including State Grid Zhejiang Electric Power Company, and its standardized high-voltage cabinets have ranked first in the national grid bidding in recent years; in 2021, pole-mounted circuit breakers won 8 bids in the national grid, ranking eighth nationwide and first among private (non-listed) enterprises in Zhejiang Province.
3. Expected market prospects
Taking advantage of the unique supporting advantages and information resources in Liumishi Town, Leqing City, the "Capital of Electrical Appliances", and through several years of exploration and efforts, the company has gradually emerged among many electrical product manufacturing enterprises. The company adheres to building a systematic manufacturing advantage in the industrial chain, integrated R&D of complete sets of equipment, production, sales, and services for the power industry. Given that the current national investment base continues to expand and industrial projects are increasing, the demand for power equipment will become larger and larger. Junlang Company has competitive advantages such as talent， scientific and technological innovation， industrial digitalization， and a complete industrial chain， and is committed to becoming the preferred chain leader in the industry.
