Recently, Wei Chuang Electric announced that the company received Beijing Kangmand Private Fund Management Co., Ltd. and other institutions research, Wei Chuang Electric said, “Suzhou phase II inverter and servo system automation production base construction project” is expected to be put into use this year, the annual design capacity of 450,000 units.

Since its establishment, Weichuang Electric has been focusing on the field of electrical drive and industrial control, adopting the differentiation strategy of deep subdivision industries. After years of technology research and development and product promotion experience, Weichuang has been deeply distributed in many subdivisions such as photovoltaic, machine tools, textile, high efficiency energy, lifting, printing and packaging, hydraulic transmission, coal mine, environmental ventilation, petroleum and petrochemical, Marine engineering, etc. And accelerate technology research and development in medical equipment, robotics, hydrogen energy, photovoltaic energy storage industries.

In the first half of 2023, the company’s operating income was about 625 million yuan, an increase of 41.81%. The main reason is that the company continues to optimize the product structure and performance, with product quality advantages, service advantages, to maintain a strong growth momentum. The product performance, quality and reasonable pricing strategy have been recognized by domestic and foreign customers, and the operating income scale of each product line has achieved growth; From the sales area, the company seized the market opportunity, overseas revenue achieved 173.88% growth over the same period last year.

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The overseas market is one of the sectors that Weichuang Electric attaches great importance to. The company actively develops overseas markets, and insists on technological innovation as the driving force, comprehensively improves technological innovation ability and research and development level. The brand influence of overseas markets has been gradually expanded, and the company’s overseas market development ability and market competitiveness have been further enhanced. At the product level, the company is actively layout overseas product certification, some products have completed CE and UL certification, the company will seize overseas market opportunities, continue to carry out regional expansion and focus on layout.

In terms of product performance, the company’s mainstream product performance in the forefront of the domestic, the company’s competitive advantage lies in the development strategy of in-depth subdivision of the industry, after years of accumulation, in the hoisting, mining, photovoltaic water, textile and other downstream areas in-depth layout, and occupy a certain market share and industry position. Compared with foreign high-end products, there is still some room for improvement in control performance and parameter Settings. Overall, the company continues to narrow the gap with rapid response, cost, service and other localization advantages, and the development concept and process of market demand make the products more targeted and practical, and comply with the obvious trend of import substitution. In the future, the company will continue to make efforts in international certification and gradually open up the international market.

The frequency converter is one of the core sectors of Weichang Electric, which maintains a relatively stable growth rate every year; The company will continue to improve the technical level, strengthen the service system, and launch a full range of products in line with the development trend of the industry, such as high-voltage frequency converters, multi-machine drive frequency converters, and industry integration special machines, in order to enhance the comprehensive competitiveness. Therefore, the company put forward the strategy of “full category attack, full field coverage”, and intends to continue to deepen the industry, expand the inverter category, and enter the project market.