Regional Market Layout and Performance of High and Low Voltage Switchgear Products Having cultivated the high and low voltage switchgear manufacturing field for twenty years, we have always adhered to the market strategy of "based in China, radiating globally." With reliable product quality, customized solutions, and a comprehensive service system, we have steadily established ourselves in the domestic market and continuously made breakthroughs in the international market, successfully exporting our products to many countries and regions. We have accumulated rich project experience and a good market reputation, demonstrating the strength and responsibility of Chinese power equipment manufacturers.
The domestic market is our core foundation. Based on twenty years of industry experience, we have built a sales network covering major regions across the country, deeply adapting to the diverse needs of domestic power infrastructure construction, industrial upgrading, and new urbanization. Our performance has steadily increased, making us one of the backbone suppliers in the domestic high and low voltage switchgear field.
In terms of market layout, we have achieved full coverage of the three core regions of East China, North China, and South China, while also radiating to the central and western regions and Northeast China. We focus on developing regions with high power demand, such as Jiangsu, Zhejiang, Guangdong, Beijing, and Shandong. Leveraging the advantages of local industrial clusters and the benefits of power grid investment, we have established stable sales channels and customer groups. Among them, East China, with its complete electrical industry cluster, has become our core sales region in China, contributing over 30% of the national sales. North China, leveraging the opportunities presented by the construction of the Beijing-Tianjin-Hebei New Power System Demonstration Zone, has seen continuous year-on-year growth. South China, relying on the demand from emerging industries such as electronic information and new energy, has become a key area for promoting intelligent distribution cabinets.
In terms of performance, we have provided high and low voltage distribution cabinet products and supporting services to thousands of key projects across China, covering multiple scenarios including power grid transformation, industrial plants, commercial complexes, new energy power plants, rail transit, and municipal engineering. In recent years, benefiting from the continuous increase in national power distribution network investment and the accelerated replacement of aging equipment, our domestic sales have maintained steady annual growth. We have served numerous provincial power grid transformation projects, large industrial park power distribution projects, and new energy supporting projects. Our product coverage and market recognition have continued to improve. With stringent quality control and efficient service, we have won widespread praise from domestic customers, with customer repurchase rates consistently ranking among the top in the industry. We have established long-term and stable cooperative relationships with State Grid and large state-owned construction enterprises.
Leveraging our mature manufacturing capabilities and international standard compliance, we actively expand into overseas markets, focusing on regions with strong demand for power infrastructure upgrades. We have successfully exported our products, covering Southeast Asia, the Middle East, Europe (Slovakia), and Eastern Europe (Russia). Key export countries include Singapore, Indonesia, Russia, and Slovakia, while also extending our reach to other Middle Eastern and Southeast Asian countries, forming a stable overseas sales pattern and becoming a significant growth driver for the company. Industry data shows that my country's high and low voltage switchgear exports continue to grow. With our high-quality products and customized services, we have secured a stable market share overseas, and our export performance has improved year by year.
Southeast Asia and the Middle East are our core overseas market regions. Our products, with their strong adaptability and high cost-effectiveness, have gained high recognition in the local market. Singapore and Indonesia are our key export countries, and we also cover power projects in several Middle Eastern countries. In the Singapore market, leveraging our products' compliance with IEC international standards and stringent local electrical safety regulations, we have successfully entered the local power distribution equipment market. We primarily provide high and low voltage switchgear for projects such as commercial complexes, industrial parks, and municipal engineering projects. Through precise customized solutions and reliable product performance, we have accumulated numerous benchmark project cases and established long-term partnerships with well-known local engineering contractors, becoming one of the trusted Chinese power equipment suppliers in the region. Some of our products have also been applied to the power distribution projects for Singapore's multinational rail transit system, demonstrating their high-end adaptability.
In the Indonesian market, we have customized highly adaptable high and low voltage switchgear products to meet the high-temperature and high-humidity climate and the power needs of mining and industrial parks. We primarily serve key projects in Indonesian mining development and industrial park construction, providing reliable equipment support for the upgrading of local power infrastructure. We have exported hundreds of switchgear units of various types. The weather resistance and stability of our products have earned high praise from local customers. The high-voltage and low-voltage electrical room systems provided for the Poboya gold mine project in Indonesia have become a typical example of the modernization of electrical systems in the local mining industry.
In the Middle East market, we focus on the needs of local power grid upgrades and infrastructure construction, adapting our products to local electrical standards and operating environments. We provide power distribution equipment for numerous commercial and industrial projects. Our products, with their superior sand-resistant, moisture-proof, and high-temperature-resistant properties, are well-suited to the complex climate conditions of the Middle East, allowing us to gradually expand our market share and achieve steady development.
The Russian market is a crucial breakthrough point for us in Eastern Europe. We have specifically optimized the design of our high and low voltage switchgear for the extreme cold and high altitude environments of the region, improving the low-temperature adaptability and anti-interference capabilities of our products. This ensures stable operation of the equipment in harsh environments and fully complies with local Russian electrical standards.
After years of dedicated effort, we have successfully exported our products to multiple regions in Russia, primarily serving local power grid upgrades, industrial parks, and municipal engineering projects. We have exported various types of high and low voltage switchgear and established strong partnerships with local power companies and contractors. Leveraging the reliability of our products and our customized service capabilities, we have built a strong brand image in the Russian market, gradually expanding our market influence. Simultaneously, we have further deepened our local market presence through platforms such as the Russian International Power Exhibition, securing numerous cooperation orders.
The Slovakian market is a crucial foothold for our expansion into the European market. Leveraging our products' CE and other international authoritative certifications, which fully comply with EU electrical standards and environmental requirements, we successfully entered the local market, achieving a significant breakthrough in Europe.
We primarily provide high and low voltage switchgear products for municipal engineering, industrial enterprises, and commercial buildings in Slovakia. Our products, with their precision, intelligence, and environmentally friendly features, meet the high-end demands of the European market for power distribution equipment, resulting in numerous export orders and gaining recognition from local customers. This breakthrough in the Slovakian market has laid a solid foundation for our further expansion into other European countries and demonstrates our product strength and international compliance capabilities.
For the past twenty years, we have steadily cultivated the domestic market and continuously made breakthroughs in the international market. With reliable products, professional services, and rich project experience, we have achieved dual-engine development in both domestic and overseas markets. In the future, we will continue to consolidate our advantages in the domestic market, deepen our overseas market layout, and continuously improve product quality and service levels to provide more customers worldwide with high-quality high and low voltage switchgear products and power distribution solutions, contributing to the upgrading of global power infrastructure and energy transformation.
