In March 1997, in accordance with the requirements of establishing modern enterprise system, the factory was restructured into Xiangtan Electric Machinery Group Co., Ltd. and authorized by Hunan Provincial People's Government to exercise the main function of state-owned assets investment. At the end of 1999, the enterprise centralized the good assets of the main business, jointly initiated the establishment of "Xiangtan Electric Machinery Co., Ltd" with six enterprises such as Beijing Metro Corporation, and successfully listed in July 2002. The "Xiangtan Electric Power Co., Ltd" 75 million A shares were successfully issued in Shanghai Stock Exchange, becoming the first listed company in Hunan Province and the first listed company in Xiangtan City under the approval system. 。 In November 2006, the first refinancing was completed and a total of 331.2 million yuan was raised. In 2007, the company was formally renamed Xiangtan Electric Power Group Co., Ltd. The total assets of the company reached 4.3 billion yuan. By the end of 2011, the total assets of the company reached 24.5 billion yuan, with five branches, seven wholly-owned subsidiaries, 10 holding and equity-holding companies, and one listed company. In addition, there were five companies controlled by listed companies.
Over the past 50 years, the company has developed more than 1000 new products, and more than 100 major new products have created China's first: the first set of marine power propulsion equipment; the first set of electrical and electrical equipment for Metro vehicles; the first 108-ton electric wheel dump truck; the first urban light rail vehicle and so on. At present, the company has a number of stable large-scale customers and partners, products are exported to 26 countries and regions in Southeast Asia, Europe, Central America and so on. In 2006, the company passed the quality certification of ISO 9001 series standards. The large and medium-sized AC and DC rolling motors are well-known brands in China; the exclusive production of large-tonnage industrial and mining electric locomotive series and 10 million-tonnage mining 108 tons, 154 tons of electric wheel dump trucks are all over the country's major open-pit mines; enterprises are key manufacturers of motor and electrical equipment for national urban rail vehicles.
In recent years, the company concentrates on exerting the three core technical advantages of electric traction technology, naval electric propulsion technology and electric vehicle manufacturing technology, focusing on the implementation of the "4+2" development strategy, and comprehensively promoting the sustained, rapid, healthy and stable development of enterprises.
AC/DC Large and Medium-sized Motor
The newly developed large-scale AC variable frequency speed regulating motor has the advantage of competing with well-known international enterprises. The main products are AC and DC large and medium-sized motors. The newly developed large-scale AC variable frequency speed regulating motor has the advantage of competing with well-known international enterprises.
AC/DC Large and Medium-sized Motor
The newly developed large-scale AC variable frequency speed regulating motor has the advantage of competing with well-known international enterprises. The main products are AC and DC large and medium-sized motors. The newly developed large-scale AC variable frequency speed regulating motor has the advantage of competing with well-known international enterprises.