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Founded in 1998, focusing on the R & D and technological innovation of power quality improvement and harmonic pollution control equipment, Qingdao zhongzi Intermediate Technology Group Co., Ltd., a multinational mixed ownership enterprise specializing in green grid construction / power energy development / overseas mineral operation and other comprehensive businesses, formerly known as China power technology import and export Corporation, material Department of Shandong Electric Power Bureau, Qingdao City Hengshun Electric Appliance Co., Ltd., a state-owned enterprise jointly established by the electric power bureau and Qingdao transformer group company in 1998. In 2010, Hengshun electric completed the share-holding system reform and listed on the growth enterprise market of Shenzhen Stock Exchange in 2011. At present, the largest shareholder is Qingdao City Investment Financial Holding Co., Ltd., a subsidiary of Qingdao city construction investment (Group) Co., Ltd., a large state-owned enterprise under the SASAC. Since its establishment, the company has been adhering to the business philosophy of "science and technology strengthen the enterprise and innovative development", focusing on the R & D, manufacturing and technological innovation of power quality improvement and harmonic pollution control equipment, and has made many significant achievements in the field of power quality optimization and power grid energy conservation and environmental protection. In 2012, the company seized the support of industrial policies at home and abroad, as well as the opportunity of good acquisition of overseas high-quality assets. With electricity as the core, it tracked the development of the whole industrial chain of upstream and downstream, actively participated in the construction and operation of power plants in Indonesia, as well as the development and utilization of mineral resources, then developed its own industrial park, promoted the export of complete sets of domestic equipment and technical services, and began the process of internationalization. At the beginning of 2015, according to the development needs, Qingdao Hengshun Zhongsheng Group Co., Ltd. was established. In recent years, one belt, one road, has been explored by the group to explore the mixed development mode of state owned and private enterprises, and to carry out the national "one belt and one way" initiative with innovative attitude, seize the historical opportunity, boldly "go out", take electricity as the core, and actively expand overseas markets. One belt, one road, one belt, one road, has been transformed from the supplier of electrical equipment to the "one area and one way" resource integrator in a short span of several years. It has gradually formed the industrial diversification pattern taking Qingdao, China as the center and radiating many Asian and African countries such as Singapore, Indonesia, Philippines, Zimbabwe and South Africa. It has become the leading enterprise in the construction of "one belt and one road" in Qingdao. China's Early China China's "one belt, one road" initiative in the new era and new situation, and the historic mission of representing the Chinese enterprises in the overseas market and establishing a high-quality image of "Chinese capital" and "Chinese project" in early 2019, were officially highlighted as "Qingdao's Chinese capital". Cheng Group Co., Ltd. Up to now, the group has more than 30 subsidiaries with total assets of about 5.1 billion yuan. It has developed into a multinational mixed ownership enterprise focusing on green grid construction, electric power development, overseas mineral operation, industrial park development, as well as artificial intelligence, big data, blockchain technology application and other comprehensive businesses. Sinochem Group has always been following the national policy direction, doing business in a down-to-earth manner, devoting itself to management and transformation and innovation, actively seeking for further breakthroughs in domestic and foreign businesses, fully relying on the platform advantages of Qingdao Urban Investment Group in capital, management, talent and other aspects, with its experience in building smart industrial parks, developing smart manufacturing and other innovative fields, and continuously making comprehensive efforts We should cooperate with the construction of industrial parks and emerging energy markets, vigorously expand business sectors, and integrate industry and city development. The group also gives full play to its layout advantages in big data, blockchain, artificial intelligence and other fields, excavates new kinetic energy, builds a multi-dimensional "medium range business ecosystem of Chinese capital", promotes the stable and rapid sound development of the group company, realizes the two wheel drive of domestic and foreign markets, and strides into the development opportunity period.

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