HuaMing's
History
MILESTONE
History of
Huaming
Huaming, established in 1991, has grown into a global leader in power equipment, pioneering innovations such as the Vacuum OLTC and expanding its presence across key international markets.
1991
- Foundation of Shanghai Huaming Switchgear Factory.
- CV-type tap-changer passed type test and was launched into the market.
1994
- Started exporting products overseas indirectly.
1995
- Reformed into Shanghai Huaming Power Equipment Co., Ltd.
- CM-type OLTC passed type test and came out into the market.
1996
- Direct export of OLTC to overseas markets.
- Recognized as a high-tech enterprise in Shanghai.
1997
-
Established ERP system and using Unigraphics(UG)-II software for product design.
1999
- Sales exceeded RMB 80 million, becoming top local brand.
- Direct export of OLTC to Europe.
2003
-
Completed phase I of the Fengxian Factory Project in Shanghai.
2004
- Officially established overseas business department.
- CVT and CZ vacuum OLTC passed type test and were launched into the market.
2006
- The fully self-developed CMD and SHZV OLTC passed type test and were launched into the market.
2008
- Awarded "Shanghai Famous Brand" for OLTC.
2009
- Obtained CNAS laboratory accreditation.
- Sales exceeded RMB 500 million.
- Became the first private enterprise academician workstation in Shanghai.
2010
-
500kV OLTC passed type test and started to be used in the market.
2014
- Completed Pre-IPO financing.
- The world's first 66kV dry-type transformer tap-changer passed type test and was launched into the market.
2016
- Invested in Huaming Turkey factory.
- Developed renewable energy generation station project.
2018
- Issued RMB 700 million corporate bonds.
- Acquired Guizhou Changzheng, the largest domestic competitor.
2020
- Launched the ultra-high voltage project.
2021
- Initiated non-public offering.
- Successfully repurchased RMB 700 million corporate bonds.
- Successfully put the first ultra-high voltage 1000kV de-energized tap-changer into operation.
2022
- Huaming Singapore established as the International Business HQ.
- Successfully completed non-public offering.
- The first set of ultra-high voltage transformer on-load tap changers were officially put into network operation.
2023
- Awarded with ultra-high voltage bulk orders.
- Revenue and profits reached a record high, with overseas direct and indirect export sales exceeding RMB 300 million.
- Market value exceeded RMB 10 billion.
2024
- First distribution network power electronic tap-changer was officially put into network operation.
- Market value reached new highs.
- Initiated Indonesia factory project.
2025
- Completion of Huaming Power Indonesia (HMPI) Factory.
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