Hongqi Group Wenzhou Transformer Co., Ltd. is situated at No.221 Weiwu Road, Yueqing Economic Development Zone, Zhejiang Province. Founded in 1991 after the restructuring of the former state-owned Wenzhou Transformer Factory, the company currently has a registered capital of 50.8 million RMB. It covers a building area of over 12,000 square meters and employs more than 200 staff members.

In 2020, the company registered an industrial output value of 200 million RMB, sales revenue of nearly 180 million RMB, and tax contributions exceeding 7 million RMB. It is a medium-sized enterprise integrating the research & development, production and sales of liquid-immersed power transformers, dry-type transformers, amorphous alloy transformers, box-type substations, as well as high and low voltage complete switchgear equipment. With the leadership, care and support from the CPC Yueqing Municipal Committee, Yueqing Municipal People’s Government and relevant functional departments, the enterprise has achieved steady and substantial progress in internal development and delivered outstanding business results. In recent years, adhering to the management philosophy of "People-oriented, Pursuit of Excellence, Scientific Administration", the company keeps promoting technological innovation and expanding domestic and overseas markets. By adopting scientific, standardized and institutionalized management mechanisms, it relies on high-quality products to compete in the market, and its reliable product quality has won recognition and favor from customers worldwide.

The company has successively obtained a full range of system certifications including ISO 9001 Quality Management System Certification, ISO 14001 Environmental Management System Certification, OHSAS 18001 Occupational Health and Safety Management System Certification, CQC Certification for complete sets of equipment and Energy-saving Product Certification. It has also been awarded the titles of National High-tech Enterprise, holder of National Computer Software Copyright Certificates, Zhejiang Made Certified Enterprise, Winner of Zhejiang Provincial New Industrial Product Award, Zhejiang Provincial Sci-tech Small and Medium-sized Enterprise, Wenzhou Municipal Sci-tech (Innovative) Enterprise and Yueqing Municipal Enterprise R&D Center. Meanwhile, it serves as the Vice Chairman Unit of Yueqing Power Transmission & Distribution Industry Association and Yueqing Transformer Industry Association, as well as an enterprise liaison unit designated by the Wenzhou Rectification Office for Work Style Improvement. Besides, the company has earned dozens of honorable titles such as Yueqing Advanced Unit, Top Ten Enterprises in Yueqing and Excellent Enterprise of Yueqing Economic Development Zone.

The company has continuously upgraded and optimized its production and testing equipment. Newly added or renovated facilities in recent years include internationally advanced shot blasting machines, automatic numerical control transverse and longitudinal cutting production lines for silicon steel sheets, large two-stage numerical control foil winding machines, vacuum epoxy casting equipment, numerical control corrugated fin forming & welding machines, electrostatic powder coating booths, together with spacious standard laboratories and modern testing systems and instruments. Featuring innovative design concepts, energy conservation and environmental friendliness, abundant manufacturing experience, optimized craftsmanship and comprehensive inspection methods, all products comply with national standards or outperform industrial norms.

The core products have been included in the supplier list of State Grid Corporation of China and China Southern Power Grid, and listed in the Recommended Enterprise Catalogue for Power Grid Construction and Renovation issued by the former State Economic and Trade Commission. Environment-friendly, high-performance and low-loss liquid-immersed transformers, epoxy resin dry-type transformers and box-type substations are widely applied in urban and rural power grids across all provinces of China. The enterprise has witnessed remarkable growth in foreign trade exports in recent years, with products shipped in large quantities to Kenya, Ghana, Yemen, Ethiopia and other markets in East Africa, Southern Africa and Southeast Asia. Owning a considerable market share both at home and abroad, it ranks among China’s major transformer manufacturers.