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"Year-over-year growth exceeded 50% in January and February."

Coordinate Nanjing QixiaMaigaoqiao Venture ParkLtd. is a busy scene in full swing.

In one corner of the laboratory, rows of high-voltage direct-hanging energy storage control and protection equipment are doing the final factory test; on the production line, the technicians are assembling and testing the high-voltage switch intelligent control module that will be installed in the field one by one. Their eyes are fixed on the control screen to ensure that every link is foolproof.

"As soon as this year started, the tempo was up, and I've already made several trips." Standing next to the production line, Dr. Feng Yadong, chairman of Nanjing Hezhi Electric Power Technology Co.

This drive stems from a glowing report card:Up to now, the enterprise reserve orders have reached 130 million yuan, the contract value in January and February this year, an increase of more than 50%, realizing the first quarter "open the door".

The goal is to double this year:

From $100 million to $200 million

In 2025, for the first time, the contract value of Hatch Power exceeded 100 million dollars. This year's target is directly doubled: $170 million to $200 million contract value target for the year.This ambition stems from strong growth in its two core business segments.

One piece is high voltage switching intelligence.Hezhi power to the traditional high-voltage switch loaded with "intelligent brain", to achieve intelligent control and online monitoring and analysis. 2021, this technology by Li Li Li academician led by the expert committee identified as "overall international leading", has been in the country more than 30 Block substation applications, by the State Grid and Southern Power Grid as a leader in the field.

Another piece of the puzzle is new energy storage solutions.Relying on years of technical experience in the field of DC power transmission, HIPPONIC Power innovatively launched the "Pack to Grid" cascade multi-level energy storage architecture, which realizes precise energy management at the battery pack level, with the energy conversion efficiency increased by 3 to 5 percentage points compared with the traditional solution, and the battery utilization rate increased by more than 6 percentage points.

This system will not only be piloted in many places in China, but will also support the national key research and development program and be applied to theAntarctic research station--Build green energy system for Antarctic research station, adapt to -50℃ low-temperature environment, support long-term unattended operation, with "black start" ability. "This year, the energy storage segment, the goal to achieve 70 to 80 million to 100 million in revenue." Dr. Feng said.

Government-enterprise synergy:

Streets help press the "expansion accelerator button"

"Late last year the current factory's production space was already feeling inadequate." Dr. Feng introduced with a smile.

The current production area is capable of producing approximately 4,000 devices and 4,000 intelligent switching modules a year. But as soon as the energy storage market opens up, the demand is growing geometrically - with the development of energy storage devices in the Terrace area, the annual capacity demand for power modules will reach tens of thousands.

Expansion, imminent!Under the coordination of Qixia District and Maigaoqiao Street, Hezhi Power has secured a four-story building with a total area of about 5,600 square meters across the current factory. It is currently being renovated and is expected to be put into use in May this year.

"This building was originally an old factory, and our move in required re-planning, coordination of water and electricity and other units. Maigaoqiao street is very forward-looking, and actively help us coordinate and solve all kinds of problems, reserving valuable space for our rapid development." Feng Yadong revealed, "After the new plant is fully operational, it can basically meet the level of production capacity that we can do 5 to 8 billion, which provides a solid guarantee for the rapid growth of the enterprise."

Talent "close to the water"

1/3 of R&D staff

Behind the high speed growth is the continuous investment in talents. The R&D team of Hezhi Power accounts for 1/3 of the total number of employees, and a large number of talents come from local universities.

"An important factor in choosing to develop in Nanjing in Qixia is that there are many colleges and universities and many talents, and we have attracted many young people here who have graduated from Nanda University, Dongda University, NAC, and NIT." Dr. Feng said.

得益于强大的研发实力,公司已累计获得50余项专利、24项软件著作权,先后获评国家高新技术企业、江苏省瞪羚企业、国家级专精特新“小巨人”企业,并成为国家重点研发计划项目支撑单位。

Asked about future confidence, Feng Yadong tone of certainty: "development confidence is very full."

The bottom line comes from the accumulation of technology -More than 20 years of experience in R&D, manufacturing and application of high-end power equipment;From market validation -From hundreds of smart substations to Antarctic research stations;More from a clear development plan -Focus on the new power system power equipment intelligence and new energy storage to innovate and occupy the technological high point, this year to hit 200 million, next year and the year after target 300 million ~ 500 million, and ultimately towards the goal of listing efforts.

"The two sessions have just closed, and new energy storage has become one of the six emerging pillar industries that the country is focusing on, which is a trillion-dollar market." Dr. Feng said, "Our development goal, which fits the national development strategy, will have a very large space and opportunity for development."

Outside the window, the new plant is stepping up renovation. after May put into production, there will be more output "to the grid equipped with intelligent brain" core equipment, to build a new type of power system to contribute to more "Made in Nanjing" power.