Taizhou Tianli Iron Core Manufacturing in Jiangyan district has recorded sales of 350 million yuan ($52.51 million) in the first three quarters of this year.
The company's export business has demonstrated strong performance with sales exceeding 40 million yuan. In the first half of the year, export sales exceeded 40 million yuan, surpassing last year's total. Since September, company executives have traveled to various regions in the Middle East and Europe to conduct business visits and explore potential opportunities inoverseas markets.
"We expect annual exports to exceed 100 million yuan, doubling year on year," said Su Zhengpeng, the company's deputy general manager. "Domestic demand is also increasing, particularly for main transformers used in ultra-high-voltage power transmission. We expect to maintain solid growth, with full-year growth projected to exceed 20 percent."
A sweeping view of Jiangyan district, Taizhou. [Photo/WeChat account: jyrmzf]