In 2016, in the brand economic development project funded by Shanghai industrial transformation and upgrading development special funds, the Company was supported by the Shanghai Municipal Commission of Economy and Informatization with RMB 500,000 yuan
With a forward-looking strategic vision, the Company has been carrying out high-input continuous research on upstream and downstream technologies and related technologies of the industry chain by taking technological innovation as a driving force. The proportion of special funds for R & D in the income from sales has been increasing year by year, specially the investment in introducing new equipment and upgrading old equipment has exceeded RMB 100 million, and both R & D investment and equipment configuration reached the industry-leading level. At the same time, the Company has established a sound technical R & D personnel training system and a personnel cooperation and exchange system, relying on the systematic R & D project life cycle management mechanism to ensure the efficient operation of the technology research and development system. The Company has made plenty of scientific research achievements with proprietary intellectual property rights; some of the innovation achievements were successfully used for technology investment, industry upgrade and new industry hatching, having remarkably improved core competitiveness of the Company's products.