Since our beginnings in 1996, Yunlu has only continued to expand our product catalog of amorphous material, new energy products, and power transformers and grow in sales and networking. Below are some of the highlights of our journey to where we are today.
Qingdao Yunlu Energy Technology Co., Ltd. is officially registered.
Ten years later, we register a joint venture project between Qingdao Yunlu and the Japanese company Fujihen Corporation called Fuji Power Transformation Electric Ltd.
Yunlu's output of microwave oven transformers ranks among the top 3 in the world and takes 20% of the global market share. Our output for reactors ranks number one in the world for 8 consecutive years, taking 40% of the global market share. Later in the year, AVIC Shenyang Liming Company and Qingdao Yunlu Company jointly found Liming Yunlu Energy Technology Co., Ltd. Yunlu wins the honorary title of Qingdao Enterprise Technology Center.
In March, we officially launch the construction and then trial production of our amorphous ribbons. Later we found the R&D center and develop a new product catalog for wind power, new energy materials, rail transportation and power electronics. We become certified as a national high-tech enterprise.
The subsidiary Zhuhai Energy Technology Co., Ltd. has its first-year investment returned. Our laboratory is awarded the Qingdao Major Laboratory.
The amorphous ribbon project passes new product and technology appraisal in May before going into mass production in October.
The foundation stone is laid for our new 10,000 Tons Amorphous Industrial Park, and we establish the AVIC Power (Qingdao) Amorphous Technology Research Institution, which includes the Midea-AVIC Power Amorphous Institution Steam System Joint Laboratory. Later in the year, Yunlu is awarded the Best Well-Known Brand in Qingdao and is one of the cities top 100 manufacturers. In December, we become a member of The Amorphous Society, and Mr. Li Xiaoyu, our General Manager and Chief Engineer, is elected as Vice Chairman of the Society.
???? Our 10,000 ton of amorphous ribbons hot firings production line is a success. In April, Li Xiaoyu is given the Science and Technology Innovation and Entrepreneurial Talent Award.