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HANGZHI 2021 Year-End Summary Was Successfully Held

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Update time : 2022-01-21 11:34:30
On January 18, 2022, Shenzhen Hangzhi Precision Electronics Co., Ltd. held the 2021 year-end summary and 2022 strategic planning meeting. The meeting closely followed the company's development strategy, actively planned the layout, accelerated the pace of capacity building, and conducted a rotating debriefing and summary of the work progress and related problems encountered by various departments in 2021. All members of HANGZHI attended the meeting.
 
Dr. Tian Xinliang, general manager of HANGZHI, made a 2021 summary report and 2022 strategic layout. In 2021, in the face of the ferocious Covid-19 and the severe international situation, HANGZHI people faced difficulties and still achieved good results.

1) In terms of market revenue, in 2021, the sales growth rate will be 104.47% compared with the same period last year, 591 sales contracts have been signed, 207 customers have been purchased, and 130 new target customers have been expanded.
2) In terms of company qualifications, the company's high-precision voltage sensor HCV series and high-precision current sensor voltage output AIT-10V series products have passed the CE and ROHS certification; 10 patents have been declared.
3) In terms of research and development, the high-precision voltage sensor HCV series products were successfully developed; the high-precision standard meter with accuracy of 0.01% was successfully developed; the first phase of the automotive BMS current sensor 300A/500A project was completed; the high-precision low-cost DC energy meter was developed; CAFR series PCB-level current sensors have been successfully developed and produced in small batches, and mass production will be achieved in 2022.
4) Breakthrough in core technology: The pulse current sensor was successfully developed.
5) In terms of government funding and financing, the company's automotive-grade high-precision DC sensor project was approved by the Shenzhen Science and Technology Innovation Committee and received a funding of 500,000 RMB; in March 2021, the company received a 12 million A round of financing from Dongfang Jintai.
6) In terms of company size, in June 2021, HANGZHI Shenzhen Headquarters Base completed the upgrade and relocation, and established a wholly-owned subsidiary Hangzhi Precision Electronics (Yancheng) Co., Ltd. in Yancheng, Jiangsu in April, and built a production base of 1,500 square meters. It will be officially put into production in the first quarter of 2022.
 
Last but not least, Dr Tian mentioned that in 2022, as a technology-leading enterprise, HANGZHI will continuously strengthen technological innovation, and develop into an international leading supplier of electricity measurement solutions.

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