Founded in 1996, Hangzhou Electric Power Equipment Manufacturing Co., Ltd. was restructured in 2024 and is now held by Hangzhou Energy Group with AAA credit rating. It owns 7 production bases and 35 production lines, mainly engaged in medium and low-voltage power distribution equipment. As a high-tech and specialized enterprise, it holds 522 patents and participated in formulating 31 industry standards. Its products serve national key projects and are exported overseas. In 2024, its revenue exceeded 7.5 billion yuan, ranking among the industry top 100.