Recently, Xiamen Hongfa Electroacoustic Co., Ltd. and Fuzhou University held a signing ceremony for the strategic cooperation agreement at the Donglin Factory Area in Xiamen. Xu Zhihong, the former Dean of the College of Electrical Engineering of Fuzhou University and a second-level professor, along with his research team on intelligent electrical appliances and simulation technology, Mr. Guo, Vice Presidents Wu Jingwei and Huang Chenghuan of the joint-stock company, Chief Engineer Tan Zhonghua, Director of Human Resources and Administration Huang Huanzhou, and representatives of relevant corporate leaders attended the signing ceremony.

The Hongfa Research Institute was officially established in 2024. Since its inception, the research institute has been closely bound to the "75+" strategy and is committed to providing solid technical support and a continuous source of development momentum for the implementation of the "75+" strategy. Through this in-depth cooperation with the university, the research institute is expected to integrate the superior resources of both parties, inject new vitality into the innovative development of the "75+" strategy, and open up a broader space for development.

At the meeting, Mr. Guo emphasized that we wasted more than twenty years in the development of the low-voltage electrical appliance field, which is a great pity. Now, the company is making great efforts to reverse this situation. Facing the increasingly competitive domestic and international situation, in the new era, the core of winning by quality is to enhance innovation capabilities. Professor Xu Zhihong's team from Fuzhou University has rich experience in this field. Through the joint efforts of the experts, teachers, and the Hongfa Research Institute, we can truly solve problems and help Hongfa find a way forward in the entire field of components and electrical equipment. This is our greatest expectation for this cooperation.

Innovation breaks through the intense competition, and technology integrates a thousand sources. It is firmly believed that this strategic cooperation with Fuzhou University will become a powerful driving force under the guidance of the new era strategy, injecting surging vitality into the technical foundation and innovation potential of Hongfa's switchgear products. It will propel Hongfa to accelerate its progress towards the second billion-yuan goal and on the fast track of development. At the same time, it will also lay a solid theoretical and practical foundation for the glorious vision of building a century-old Hongfa.