The company was founded in April 2003 as a national high-tech enterprise and listed on the Shanghai Stock Exchange in November 2014. It is a mixed ownership listed company with state-owned assets. Currently, the controlling shareholder of the company is Ningbo Juntuo Enterprise Management Co., Ltd., which was jointly funded by China Minmetals Group, China State-owned Enterprise Structural Adjustment Fund, Jianxin (Beijing) Investment Fund, and Guoxin Guotong (Zhejiang) Investment Fund. The company's main business is R&D, production and sale of complete equipment such as large and medium-sized DC motors, medium and high voltage AC motors, generators, power supply systems for motor test stations, and power supply systems for switch test stations. Company honors: National High-tech Enterprise, National Intellectual Property Advantage Enterprise, Jiangsu Private Technology Enterprise, Jiangsu Enterprise Technology Center, etc.