The company was founded in 1998 and listed on the Shenzhen Stock Exchange in July 2010. It is a high-tech enterprise with “electricity” as its core business. It is divided into two business segments: power transmission and transformation equipment manufacturing, power design and engineering. It has 3 production bases including Wangcheng Industrial Park, Ningxiang Jinzhou Industrial Park, and Hengyang Baishazhou Industrial Park, as well as a power design institute with grade A qualification for power engineering design - Hubei Huawang Electric Power Engineering Co., Ltd. The company's main business includes R&D, production and sales of primary and secondary power transmission and transformation equipment, power design and engineering services, and new energy power development. The main products include primary and secondary power equipment products such as high-voltage isolators, integrated electrical appliances, complete electrical equipment, transformers, circuit breakers, and automated distribution terminals; the power survey and design general engineering business mainly provides customers with one-stop power engineering services such as survey, design, construction turnkey, and EPC for transmission and transformation projects and new energy power generation. The company was rated as a national technological innovation demonstration enterprise by the Ministry of Industry and Information Technology; the company's isolation switch products were rated as individual champion products in the national manufacturing industry, and received honors such as the Grand Prize of the National Science and Technology Progress Award and the Grand Prize of the China Machinery Industry Science and Technology Award.
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