Even though a large green, but carefully dug Horie, the Association found that value-for-money thing. May wish to keep a close watch Wolong Electric (Ai shares, market information) (600,580), the holding company Wolong as the core of its business, the profitability of the whole group has the strongest assets. And the company ranked China for eight consecutive years in the electrical industry in the first differential, and was named National Machinery Industry Top 100 enterprises, businesses, clear competitive advantage.
In addition, to create electrified railway traction substation system Compensatory capacitor manufacturers strong enterprises, and companies on November 6, 2007 and published in Railway Construction Group Co., Ltd. signed the electrification of the framework agreement, jointly funded the establishment of Yinchuan Wolong Electric Railway Construction Company Limited. Joint venture company production, research and development, marketing or electrified road traction transformers, current transformers, capacitor compensation, integrated automation systems, mobile traction substations and railway traction substation product integration. After the establishment of a joint venture company, Sichuan Electric will acquire its holdings of Yinchuan Wolong Transformer Co., Ltd. 40% of the shares (currently held in Yinchuan Wolong Wolong Electric Transformer Co., Ltd. 92.5% of the shares), Yinchuan Wolong Transformer Co., Ltd. will become a joint venture company Railway Traction Transformer production bases. The investment company to the existing railway transformer business market development, can give full play to the electrification of the railway construction market advantages, financial advantages, product development strengths and Wolong electrical production advantages, cost advantages, supplement each other's advantages. At the same time, the company will be formed through a joint venture company to the railway electrification other product areas further extension of electrification of the railway business will be bigger and stronger, and make full use of China's major railway line in the development of opportunities for rapid growth. The railway industry in the context of sustained boom, the company's future there is a big opportunity for development, Compensatory capacitor may wish to focus on.