Past with the future,Accelerate development, Create refulgence again

  ---Zhang shuangsheng, the President of Wuhan Feite Electric Group,Speaking in The New Year’s Day of  2018

In the year of 2017 that mobile internet develops at full speed 、the virtual economy advances by rushes rapid, the real estate likes a wild horse without control, under the condition of the entity economy is dead-alive, the economic indicators of Feit company still keeps a double-digit growth base on a bigger cardinality , the overall development situation is good.Our production and sales volume in 2017 remain a relatively hot state, especially in December sales and production volume, with more than 40% year-on-year growth, it creates a record in feite monthly sales and production histroy.This is the result of our joint efforts from all the employee and and support from the friends of the industry inside and outside, and I would like to express our heartfelt thanks to you and wish you a happy new year!

Works review in 2017: firstly, the company invested more than 20 million RMB to complete the further technical transformation and the process improvement of the main production line.Since then, the vacuum interrupter production line had been increased from the production capacity of 500,000 to 600,000pieces, and the product category covered from 1.14kv to 40.5 kv.The embedded pole production line, from the original capacity of 60,000 to 100,000pieces, related to the 10KV, 24KV, 40.5KV embedded poles of 630A, 1250A, 1600A, 2000A, 2500A, 3150A, 4000A, all series products.On the other hand, the technical transformation of the internal solder production line had been completed, and the solder from the original purchased partly to fully self-sufficiency, and the product quality had been further improved.

Secondly, Company injected the capital to holding acquire all the state-owned shares of the Wuhan Beitong technology Co.,Ltd that belongs to the China railway the fourth group subsidiary of China railway construction group company.our company's overall business scale had been extended,product range expanded from vacuum electrical products radiation to railway communication products, the size of the market had been further expanded.

Thirdly, the company invested a lot of energy to develop the high quality strong user and obtained the good result.Angry of people have,smile of people donot have is a human instinct.we developed quickly in recent years, increased strengthly.It made a certain influence for the competitors , therefore in the process of we develop new customers, we collected some informations from peers rumors and slander our brand, these false informations made our new customers have some misunderstanding to us,they didn't want to choose our products, increased the difficulty of our market development work.But through our efforts, we used our products to demonstrate the strength of feite.In the process of use, customers found that our products are of good quality, reasonable price and good service.We put ourselves in the shoes of the user and sincerely exchange our hearts.Our users quickly reassured us that the information was inaccurate and put us in correct perspective and helped us to promote the products actively.Our products had been confirmed by our customers, and finally we were vindicated.

Fourthly, the company invested more than 10 million RMB to complete the demolition and renovation of the workers' apartment, the site formation and landscaping. The staff apartment has been rebuilt into the two bedrooms one hall, three rooms one hall , which provided a good living environment for employees.The company's senior management and key backbone staffs can enjoy the treatment of a set of housing;On-the-job worker can enjoy the benefits of living a room, whole apartment have gas, network, telephone, furniture, air conditioning, water heater and gas burner , the employee can live with a bag ,just like at home .At the same time, the company also made the other human decision, positive response to "make wuhan millions of college students stay in wuhan to start up business or get job " policy, reform the worker canteen, through various efforts and ways, made the company's overall environment and the entertainment leisure place well improved, the company made the best to create a good happy and healthy life environment for all the employees with whole heartedly.

Fifthly, for our main technical backbone and business backbone staffs, the company gives the preferential benefits in various ways.For example, to give the backbone staff of a certain rank to equip the car, to auction company’s idle car to the on-the-job staffs with the low price ;And company undertakes the car insurance and fuel for the the business backbone and mid-level and above managements. It provides convenience for the worker when they went go for busniess and commute,makes the workers have a better life and work environment.Based on the company development in recent years, many business backbone and technical backbone staff ‘s income have been correspondingly increased, and they buy the house property in Wuhan city, some staffs even buy the second house, and their household registration is turning to wuhan, become the new wuhan people.Company develops well, our business and technical backbone staffs also get better development, have a relatively stable living and working environment, and settle in wuhan, realize their ideal to stay in wuhan.

Look back with elation and inspiration,Look ahead with pride and enthusiasm.2017 indeed was an extraordinary year for us.Our company started in wuxi in the Yangtze river delta, and we have a history more than 20 years.2017 is the 10th year that feite from Wuxi move to Wuhan, The first 10 years in Wuxi is the history of struggle, the second 10 years in Wuhan is the history of development , the accurate data is one witness that feite grew up step by step.The year of 2017 is the year takes the past and further.The New Year's bell will ring ,It will give us new strength. We will build on our strength and continue to accelerate our development.In 2018, we need highlight the following tasks:

Firstly, we still keep the beginning mind, adhere to the initial philosophy , don't blindly expand the scale of operation, pursue of practical benefits of scale and speed of development, to seek an efficient integration of the various resources.Only in this way, when we develop the market, the sales can have an objective and purposeful selective to develop the quality customers.Perseverance can carve mental and gold.Our business elite should be persistent in the development of large customers, which is always be the key point of our work.Combine our proudcts with the user’s needs,promote our services and products actively to the foreign capital enterprise, competitive listed company and the potential domestic enterprises, make the quality of our products and services into users’s bone marrow, let the customers have the feeling that our products is good and the price is also competitive. Our products not only can bring economic benefits to them, also can improve the market competitiveness.Otherwise, in relative terms, it is an economic loss if they do not select the Feite products, and will gradually lose its competitiveness, which will can not survive in the competitive market.With our current capacity, we can confidently tell our customers that if they want to develop, they should choose Feite and if they want to improve their competitiveness, they must choose Feite.

Secondly, we need to get prepare for the work of the upgrade our products and transform our industries.Because the vacuum interrupter products have entered to a small profit and no profit age after decades of brutal competition in the market .We take advantage of our acquisition of wuhan beitong technology company, put our products in to the railway system by the railway information platform;At the same time, we can also develop some communication products to expand our products and improve our products class, so as to seek for a bigger and wider development space.Because the vacuum interrupter market is very competitive, although our sales volume is growing, but the profit is more and more thin, no matter what is the situation in the future, but we can't give up, even if only a few manufacturers survive at last , we are the one of them.  

Thirdly, we do not pursue defeat anyone, not slander and libel competitors, we need to learn from the same industry friends, to pursue the common development, coexistence and co-prosperity, continuously expand the usage of the vacuum interrupers,develop the high quality vacuum interrupter products through technological innovation to improve the type test pass rate, to meet the needs of various industries for vacuum interrupters.

In a word, 2017 is an extraordinary year. Looking back on the course of the past year, we are on the road full of struggle and frustrations, and we gain the joy of hard work and triumph.2018 is about to begin, 2018 is the year to make a fortune, so I hope that our customers, suppliers, partners, friends, and our own and we all our staffs, make a fortune in 2018.