Power fault recorder, commonly known as power "black box", is an important device to ensure the safe operation of power system and improve the quality of power supply. In this sub-industry, Wuhan Zhongyuan Huadian Technology Co., Ltd. has been firmly in the leading position in China in recent years. The main products of the company include power fault recorder and time synchronization system.
Company products are widely used in electric power, petrochemical, metallurgical and other fields. A number of national key projects, such as the Three Gorges Project, the 2008 Beijing Olympic Games, the 20 10 Shanghai World Expo Project, and the State Grid Corporation 1000kV UHV AC test demonstration project, have all adopted the company's power fault recording products.
As the first batch of high-tech enterprises in Hubei Province confirmed by the Office of the National Leading Group for the Identification and Management of High-tech Enterprises, Zhongyuan Huadian has established a sustainable development model of "R&D generation, reserve generation and production generation", which has laid a foundation for the company to maintain a continuous leading position in the same industry. The company's existing R&D personnel account for about 30% of the company's total number, and R&D investment accounts for more than 5% of its operating income every year, and it is increasing year by year. Since its establishment, the company has obtained many invention patents and software copyrights.
In recent years, the company's operating income and profitability have continued to grow. In the case of the global financial crisis in 2008, the company still maintained a steady growth in operating income and net profit.
With the sustained development of China's economy, the implementation of ten measures by the central government to expand domestic demand and promote economic growth, the implementation of the Eleventh Five-Year Plan for the power industry and the construction of ultra-high voltage and strong smart grid, the power industry will still maintain rapid growth in the future. As a leading enterprise specializing in the research, manufacture, sales and service of products related to intelligent wave recording analysis and time synchronization of power system, Zhongyuan Huadian will undoubtedly usher in a rare development opportunity.