1.The company continuously increases R&D investment, leading the industry's development with exploration, demonstration, and sharing. With a total investment of 120 million yuan, the company established the internationally and domestically first-class Yonggao Research Institute, integrating testing, and R&D. It has innovative platforms such as national post-doctoral research workstations, national enterprise technology centers, provincial key enterprise research institutes, and national laboratories (CNAS certified), and a strong R&D team composed of doctoral, master, and intermediate and senior technical personnel. A R&D system with cooperation integration in multiple locations including Taizhou headquarters, Shanghai, Anhui, Guangdong, and Tianjin has been formed, establishing a multi-mode innovation model of independent development, cooperative development, and introduction, digestion, and absorption. Currently, the company has more than 400 national authorized patents and scientific and technological achievements that have filled many domestic gaps and reached international advanced levels. The company has drafted nearly 30 national or industry standards and is the enterprise with the most standard drafting in the industry.
2.The company invests no less than 3% of its sales revenue into R&D every year. In 2017, over 100 million yuan was invested to ensure the company's new product and matrial R&D, and system transformation.
3.The Technology Center has obtained international IAMMPO and CNAS certification. The company can provide a series of process such as testing for new products, helping our R&D team discover problems and improve our new product design.
4. In order to achieve differentiation competition, we strive to obtain at least one international certification for each product series. So far, we have obtained 15 internationally renowned certifications, such as NSF and UPC certification in the US, DVGW and TUV certification in Germany, WRAS and KITEMARK certification in the UK, WATERMARK and BET certification in Australia, and GOST certification and EAC certification in Russia, covering a total of 25 different product categories. With these certifications, we can quickly enter the local market and meet the access threshold for local government projects, leaving its middle- to low-end competitors behind. At the same time, customers relying on this reputation occupy a favorable position in the market and obtain bargaining power and quality proof, thereby cooperate with us for long-term development.
5. The company invests at least 10 million yuan in new product development every year to provide possibilities for entering the local market. In 20 years of international trade development, nearly 200 million yuan has been invested in new product development funds to support the expansion of the international market.