Wuhan Feite Electric Co., Ltd. was awarded the title of "Invisible Champion Small Giant Science and Technology Enterprise in Pillar Industry Segment of Hubei Province"

The Department of Economy and Information Technology of Hubei Province has recently announced the evaluation results of the invisible champion enterprises in the pillar industry segment of the province，Wuhan Feite Electric Co., Ltd. was awarded the 2020 -2022 invisible champion small giant science and technology enterprise in the pillar industry segment of Hubei Province.

The inclusion of Wuhan Feite Electric Co., Ltd. in the list of  invisible champion small giant science and technology enterprise this year is a recognition and support for Feite's corportate strength, R&D strength, development potential, business model and industry expertise.

In responding to the challenges of the global outbreak of COVID-19 pandemic and the global economic recession, Wuhan Feite Electric has always adhered to the general working guideline of  making progress while maintaining stability , advanced resumption of work and production on the premise of effective epidemic containment in an active and orderly manner, built core competency for new business creations based on breakthrough technological innovations, and promoted new products with market value; With the new technologies and new products to open up the Domestic-international dual circulation, Wuhan Feite Electric is building the "Feite Brand", making a name for "Made By Feite".

First of all, make stability a top priority. Wuhan Feite Electric uphold the business philosophy of "not craving for the blind expansion of production scale for a temporary growth,  but seeking long-lasting value of business performance improvement.” and always put the maintenance of good cash flow in the first place, abandon unprofitable products, optimize the customer structure, so that the company's overall payment collection maintains a benign level, and steadily improves the company's ability to resist risks.

Then make progress while maintaining stability. 2021 marks the beginning of the 14th Five-Year Plan. The outline of the "14th Five-Year Plan" has identified a number of strategic, fundamental and leading major engineering projects, involving manufacturing, scientific, technological research, infrastructure and other key areas. Wuhan Feite Electric is keeping up with the industrial planning and riding on a wave of the policy. The company creates a brand new industrial chain from market research and customer needs to project design, manufacturing, sales, customer support operations, and other services to provide customers with an integrated offer of products and services.

It is reported that the "Implementation Plan for the Cultivation Project of Invisible Champion Enterprises in the Pillar Industries Segment of Hubei Province" clearly stipulates that once selected as invisible champion enterprises and small giant science and technology enterprises, corporate funds, projects, and technological transformation funds will be inclined to grant. Wuhan Feite Electric will continue to improve its core competency under the services guidance and policy support for enterprises, focus on the fields of expertise to become bigger and stronger, and keep pushing on the further sustainable development of the company.