Innovation-Driven Development

The Company has always adhered to the business philosophy of “Innovation and Progress, Practicality and Efficiency, Pursuit of Customer Satisfaction, and always Striving to Exceed Customer Expectations”. It regards technological innovation as the core driving force for business upgrades, continuously increasing investment in innovation and R&D, and strengthening the construction of the R&D innovation system. The Company integrates its R&D direction with business development. The R&D departments responsible for the Company’s main products, including magnetic components, automotive magnetic components, and power supplies, carry out product design and development in an orderly manner according to systems such as the Design and Development Control Procedures. This ensures the efficient advancement of R&D projects and effectively improves the Company’s innovation capabilities.

Driven by technological innovation, the Company continues to deepen its business development and has been recognized with honors such as the “National High-Tech Enterprise” and the “Shenzhen Municipal R&D Center”.

The Company attaches great importance to motivating employees’ innovation abilities. It has established a comprehensive innovation incentive system and holds an annual patent award ceremony, where employees who have obtained invention patents are awarded honorary certificates and bonuses, demonstrating the Company’s strong recognition of their innovative achievements. This fosters a strong culture of innovation within the Company, ignites enthusiasm for innovation among all employees, and injects continuous vitality into corporate development.

Highlight Measures

The Company fully leverages its comprehensive advantages in technology and academia, and actively participates in the development of relevant industry technical standards and regulations. As a member of the National Standards Working Group on Mobile Power Sources, the Company has participated in the revision of industry standards such as the Portable power bank for electrical and electronic products, contributing to industry standardization.

On August 19, 2024, the Company participated in the second revision seminar for the development of the new national standard GB 20943 Minimum allowable values of energy efficiency and energy efficiency grades for AC-DC and AC-AC power supplies. This standard will become a mandatory national standard.

The Company actively integrates external resources and continues to deepen its exchange and cooperation with universities, research institutions, and other external organizations and professionals, fully utilizing each other’s advantages to achieve resource sharing and mutual benefits.

To further enhance technological innovation capabilities, the Company has collaborated with Hunan University to jointly establish the “Shenzhen JingQuanHua Research Base (Sub-center) of the National Electric Energy Conversion and Control Engineering Technology Research Center,” dedicated to using a new generation of electromagnetic components andkey parts technology research and development platform, with electromagnetic conversion technology at its core, to further enhance industry competitiveness, actively promote the transformation of research achievements, and strengthen the training of applied talents, contributing to the innovative development of the industry.

In addition, the Company upholds an open-minded approach. Through active participation in relevant industry seminars and exhibitions and in-depth communication with industry experts and partners, it shares practical experiences and development achievements, promoting the continuous development of the industry.

Protection of Intellectual Property Rights

With the rise of the knowledge economy, intellectual property has become a core element of market competitiveness. The Company insists on innovation for development and uses intellectual property protection to safeguard innovative achievements and maintain the Company’s legal interests, promoting the Company’s development through intellectual property. The Company has established the Intellectual Property Department and formulated systems such as the Intellectual Property Management Measures and the Intellectual Property Management Handbook to build a comprehen- sive intellectual property management system. Based on short, medium, and long-term intellectual property management goals, the Company continuously improves management work and provides important guarantees for enhancing independent innovation capabilities and increasing the value of intellectual property.