Company
Introduction

OUR CHAIRMAN
Chairman Statement
Mr Xiao Yi(肖毅)
Electricity is the cornerstone of modern civilization, driving societal progress and advancement. Since the world-changing inventions of Edison and Tesla, it has illuminated our world, connected us more closely, and brought hope. The electric grid is the vast network connecting every corner, serving as the arteries of human civilization. At the heart of this network lies the transformer, and within it, the Huaming tap changer plays a critical role in electricity transmission.
The tap changer continually adjusts the transformer's output voltage to ensure power is directed precisely where needed. It operates around the clock all year long. Although small, it is essential in maintaining the stability and safety of power stations and the entire grid.
Huaming's tap changers have reached over 150 countries worldwide since the 1990s. They have worked tirelessly on the North Sea oil platforms, withstanding cold winds and humidity, and are now playing a pivotal role alongside offshore wind towers. They have also played a crucial role in Singapore's multicultural narrative for over a decade, witnessing global energy landscape shifts.
Despite being a "minor character" within the transformer, the high-quality tap changer is indispensable. Its stability and reliability directly impact every household's lighting and factory operation. Since its establishment 35 years ago, Huaming has supplied hundreds of thousands of tap changers worldwide, becoming one of the largest manufacturers.
Quality has always been at the core of Huaming's business. Adopting the most comprehensive industry-wide chain model, our tap changers are independently controllable and assured of quality. Our dedicated component and process testing center has advanced testing facilities, showcasing our relentless pursuit of quality control.
Innovation drives Huaming forward. We are developing the performance of unique materials, exploring the aging mechanisms of insulating materials under high-voltage electromagnetic fields, and simulating the dynamics of complex mechanical transmissions. These innovative endeavors provide a solid foundation for the reliability of Huaming's new products.
Huaming is committed to sustainable development. Over the past decade, we have invested in over 600MW of photovoltaic power projects, significantly reducing carbon emissions. We are collaborating with renowned companies in the industry to develop recyclable glass fiber materials, reducing the use of thermosetting engineering materials in the production of tap changers, thus minimizing environmental impact. We aim to use 100% recyclable materials in all Huaming products within the next five years.
At Huaming, our employees are our greatest asset. With an average tenure of over 20 years, their loyalty, dedication, and passion for industry enable us to unite and strive toward a common goal. We bring together teams from diverse cultural backgrounds, understanding that only by providing reliable products, quality service, and efficient production can we safeguard our customers' interests and ensure our company's and employees' well-being while achieving sustained growth for our shareholders.
As an open enterprise, Huaming welcomes new technologies and concepts from around the globe. We disclose our operational results and management processes as a publicly listed company. We are keen to embrace the challenges of new technologies worldwide, integrating various new technologies and management philosophies. Our mission is to provide high-quality equipment for advancing global energy and solutions for new energy transmission methods.
As a family-controlled public company, Huaming is proud of our employees and our contribution to the industry. We are confident in our ability to lead the industry in tap changers over the long term and will not deviate from our mission for short-term economic gains. We aim to grow alongside the global energy revolution, illuminating every corner and improving the world.
WHO WE ARE
Huaming
Power Equipment
Huaming Power Equipment Co., Ltd., established in the early 1990s in Shanghai, has become one of the world's leading suppliers of tap changers for power transformers. Our dedication to excellence in research, manufacturing, sales, and service has made significant contributions to the global market. The landmark listing on the Shenzhen Stock Exchange in 2015 (Stock Code: 002270.SZ) and the subsequent acquisition of our competitor Changzheng Electric in 2018 have further solidified our market leadership. We pride ourselves on having a complete internal industry chain that includes synthesis of high-polymer materials, casting, powder metallurgy, and the precision machining of parts to final assembly, showcasing our comprehensive integration capabilities and production organization strength.
Our collaborations with globally renowned enterprises like Siemens, Hitachi, and General Electric, as well as being a key strategic partner of China Electric Equipment Group, highlight Huaming's significant position on the international stage. Our products have been successfully implemented in nearly a hundred countries and regions worldwide, earning widespread trust and support.
Adhering to our core values of "Integrity of the industry, Benevolence and Morality, Innovation, and Self-Improvement," Huaming is committed to delivering high-quality products while continuously exploring and expanding in the fields of numerical control equipment and power engineering, driving the energy industry towards sustainable development.
Looking to the future, Huaming is actively expanding into the global market, having established overseas holding companies and production centers in key regions, along with an extensive sales and service network. Our vision is to be a significant contributor to sustainable energy solutions, helping to build a green and harmonious energy future.
In addition to its core business of tap changer, since the company was listed in the stock exchange market, its business territories have gradually extended to manufacturing of CNC machines and EPC business of renewable energy projects. Leveraging the engineering & quality management strength of the parent company, these two business sections are also in the top rank of its niche market segment for quality products and services.
QUALITY CREATES VALUE
QUALITY CREATES VALUE

Our Vision
To Be A Significant Contributor to Global Sustainable Energy Solution

Our Values
Integrity of the industry, Benevolence and Morality, Innovation, Self-Improvement



Our Vision



Our Values
Integrity of the industry, Benevolence and Morality, Innovation, Self-Improvement
MISSION
Our Mission

Our Mission

Our Mission
Enabling Reliable Energy Solutions Through Technological Excellence and Global Reach
On-Load Tap Changer for Power Transformer:
To provide reliable, high-quality, and innovative technological solutions that help customers precisely manage distribution systems for efficient and economical power transmission.
Numerical Control Equipment for the Mechanical Industry:
To enhance production efficiency and lead technological innovation through advanced CNC systems and exceptional customer service.
Investment, Construction, and Operation of New Energy Stations:
To offer comprehensive solutions for new energy stations, covering project development, investment, engineering design, construction, and operation maintenance, promoting sustainable energy development through responsible investment for a green future.
CULTURE
Culture


Integrity of the Industry


Benevolence and Morality


Innovation


Self-Improvement
COMPANY STRUCTURE
Company Structure

HISTORY
Our History
