Formerly known as Hangzhou Hongci Technology Co., Ltd., it is a high-techmanufacturer of magnetic cores, transformers, and inductance products withindependent core technology. Its annual sales volume is nearly 40 million. Itsservice customers include China State Grid, China Southern Power Grid, GermanVolkswagen, Schneider Electric, Siemens, ABB, Schaffner, Panasonic and other well-known enterprises.