| | | | | The sustainable development relies on the |
| Introduction | | | | establishment of modern enterprise system. In |
| Harbin Power Plant Equipment Corporation ( "the | | | | 1994, Harbin Power Equipment Co., Ltd. Was listed |
| Group") was developed based on six of 156 key | | | | on Hong Kong Stock Exchange, which was |
| construction projects supported by the former | | | | restructured through the Group's main production |
| Soviet Union during the first Five-year Plan period. | | | | and operation entities. The Group also separated |
| Through hard work during past half century, | | | | social community business from main business and |
| "three power works" have become the biggest | | | | set up industrial development companies. In 1998, |
| production and export base for power generation | | | | industrialization reorganization was completed and |
| equipment, warship driving devices and complete | | | | the Group took over Jiamusi Motor Factory. In |
| set of power equipment and is one of 55 key | | | | 1999, Achen Relay Company was listed on |
| state-owned enterprises which are vital to the | | | | Shenzhen Stock Exchange. |
| state security and civil economy. | | | | The Group always puts people first. There are |
| The new development started from the | | | | plenty of R & D, technical and management |
| opening-up of China. The Group gradually | | | | talents working for the Group. The only national |
| introduced, digested and mastered the technology | | | | engineering research center in power equipment |
| for 600MW sub-critical, super-critical and ultra | | | | business was set up here and the Group has a |
| super-critical thermal power main units; 300MW | | | | state class technology center and post-doctorate |
| CFB boiler; 700MW hydropower unit; pumped | | | | R & D workstation. |
| storage units; 9FA heavy-duty gas turbine and | | | | So far, the accumulated output of the Group |
| combined-cycle units; 1000MW ultra super-critical | | | | amounts to more than 170000MW, among which |
| units. Through upgrading of manufacturing facilities, | | | | thermal power units accounting for one third of |
| the technology and the facilities of the Group now | | | | the national installed capacity and hydropower |
| reach internationally advanced level. At present, | | | | units accounting for half of the national installed |
| the annual production capability of the Group is | | | | capacity. The products were installed in over 300 |
| 30000MW with large thermal power, hydropower, | | | | power stations in China and exported to more |
| nuclear power, gas turbine, EPC projects and | | | | than 30 power plants outside China. |
| warship driving devices as six core products. All | | | | In the new century, the Group will continue to |
| subsidiaries under the Group were awarded with | | | | grow in the international market. |
| ISO 9001 certificates. | | | | |