In May 2019, the National Development and Reform Commission issued the "Notice on Improving the Grid-connected Electricity Price Policy for Wind Power". The notification stipulates that for onshore wind power projects approved before the end of 2018, the country will no longer provide subsidies if they have not been connected to the grid before the end of 2020. Although affected by the virus this year, with the encouragement of national policies, the construction of wind power generation has set off another investment boom. Accompanied by fierce demand for all supporting equipment.
As the key equipment for wind power blade production, the multiaxial warp knitting machine has been dependent on imports for a long time, but with the market blowout this year, we feel the sense of social responsibility. In view of years of experience accumulated on biaxial warp knitting machine, we have set up a project team and work on average more than 15 hours a day. After numerous improvements and failures, our first multiaxial warp knitting machine finally succeeded in a one-time test in the customer's factory, and the performance of the product reached the international advanced level.
We have accumulated a certain amount of experience and are now developing the second-generation multiaxial warp knitting machine for the blades of offshore wind power. We are sincerely proud of our contribution to the clean energy of the country and the world.