Recently, the Department of Science and Technology of Shandong Province released the "List of the Second Batch of Technology oriented Small and Medium sized Enterprises to be Listed in Shandong Province in 2024". Yutong New Energy and Haiyingte Power, subsidiaries of Chunguang Technology Group, have been successfully awarded the title of "Technology oriented Small and Medium sized Enterprises" for their technological innovation capabilities in the fields of electronic devices and smart power supplies.

Technology oriented small and medium-sized enterprises have a high level of specialization, strong innovation capabilities, and development potential, and are the foundation of high-quality small and medium-sized enterprises. The award of "Technology oriented Small and Medium sized Enterprise" this time is another honor for Yutong New Energy and Haiyingte Power in terms of technological innovation. It is a recognition and affirmation of their research and development strength, innovation ability, technical strength, professional level, and development prospects, marking the two companies entering a sustained upward stage in technological innovation.

Yutong New Energy and Haiyingte Power are important cornerstones for the group company to establish itself in the field of soft magnetic ferrite materials and continuously extend its chain to downstream magnetic components and power supply fields. In recent years, the group has organized and driven young employees to actively carry out scientific and technological innovation, technological innovation and other related work, forming a full industry chain of magnetic materials and applications including basic raw materials, key components and power applications. Relying on the company's advantages in magnetic material research and industrialization, we provide support for the upgrading and replacement of downstream components and electronic equipment, meeting the needs of optimizing and upgrading traditional industries and cultivating and developing emerging industries, especially matching the high-frequency and low-power requirements of third-generation semiconductors; By studying the new developments, demands, and directions of applied technologies, we carry out forward-looking research and development work on upstream new materials, processes, and products.

Next, the group will leverage its resource advantages and technological application advantages, call for more young employees to participate in key areas and technical departments, adhere to the path of technological innovation and technology (technical) talent cultivation, focus on the two centers of patent research and development and scientific research project development, continuously increase research and development investment, continuously strengthen the team of technology (technical) talents, and further enhance innovation capabilities and the ability to transform scientific and technological achievements.