Founded in 1984, and through almost 30 years’ rapid development, Wolong Holding Group currently has 3 listed companies: Wolong Electric (600580SH), Wolong Real Estate (600173SH), and Wolong-LJ (LIJ0. SI), as well as 54 holding subsidiaries and more than 18000 staff with RMB 24 billion worth of total assets, RMB 30 billion worth of annual turnover, and an industry layout with the manufacturing as its core flanked by real estate and financial investment.
Wolong manufacturing is mainly focused on three product chains: Motor and Control, Transformer and Battery. Products cover more than 40 series and 3000 specifications including various motors and controlling systems, traction transformers for electrified railway and complete sets of electric transmission and transformation project, power transformer, UPS battery, construction machinery and etc. The main products are leading in international and domestic market and supplying many national key projects, with domestic market share above 25%. Each economic indicator continuously ranks highest comparing to domestic peers. There are two main manufacturing bases within the group, one in China (Shangyu, Shaoxing, Hangzhou, Shanghai, Huai’an, Beijing, Yinchuan, Wuhan, Qingdao, Yantai , Wuhu, Nanyang and Chenzhou ), and one in Europe(Spielberg in Austria; Norwich, Leeds and Cradley Heath in UK; Nordenham, Monchengladbach and Welzheim in Germany; Bor and Subotica in Serbia; Tarnow in Poland; Modena in Italy). Wolong has four motor and drive control technology institutes which are located in Hangzhou(China), OSAKA(Janpan), Dusseldorf(Germany) and Eindhoven(Holand). As the national key high-tech enterprise, Wolong has established postdoctoral R&D station, national key laboratories, state-level enterprise technical center and provincial electric research institute. And it has implemented 23 State Torch Program tasks, developed 16 state-level key new products, obtained 72 national key technology development achievements and 665 national patents (66 invention patents of them). Wolong is the vice-president—Unit of China differential motor Industry Association, China fractional horsepower Motor Industry Association, and China Small and Medium-sized Motor Industry Association, and the president—Unit of Zhengjiang Motor Industry Association. Wolong is also awarded to be Top 100 companies in China’s mechanical industry, Top 500 in China’s manufacturing industry, Top 500 Chinese private enterprises, the leading company in China’s industrial sector and the leading company in China’s motor manufacturing. Wolong low-power motors are reputed as Chinese famous brand, and the trademark of “Wolong” is ratified as a famous trademark of China by SAIC (State Administration of Industry and Commerce). Wolong has established high efficient management and operating system EAIM with the employment of modern management mechanism such as OA, ERP, PLM and CRM and the establishment of normative corporate governance structure and modern enterprise management system.
Wolong Real Estate has the national-level first-class qualification in real estate development, with the consistent concept of the fulfillment of perfect life by means of presenting extraordinary building. In many cities such as Shangyu, Shengzhou, Shaoxing, Wuhan, Qingyuan, Yinchuan and Qingdao are located its projects, which have gained great popularity among customers and received widespread market affirmation .
Wolong Financial Investment is growing rapidly with the ongoing establishment of its large-scale development pattern .
Along with wolong globalization process, wolong has set up international business network in more than 50 countries around the world, and established long-term strategic cooperation relationship with worldwide Top 500 enterprises .Group import and export turnover is continuously keeping high growth speed.
With the goal of becoming “Eastern Siemens” and “The No.1 in the Global Motors”, Wolong is striving to establish the operating pattern of a high-tech, high growth and high efficiency multinational group with a internationalized market, a diverse capital and modernized management by means of accelerating industry transformation and upgrading, boosting economy of scale and enhancing its comprehensive competitiveness and sustainable development capacity in an all-round way according to its 13th Five-year Plan. Wolong is determined to be the leader with extraordinary competitiveness and service capability in global motor industry and market, which shall have leading core technologies, advanced management, lean manufacturing, unified marketing system, and integrated systematic service.