On August 22, the Zhejiang Provincial Department of Economy and Information Technology officially announced the notice of "The First Batch of Zhejiang Manufacturing Single Champion Cultivation Enterprises in 2024". Renren-oriented joint stock companies were successfully selected for the list due to their excellent technological innovation capabilities and industry leadership.

Manufacturing single champion refers to a company that has long-term focus on some specific segments of the manufacturing product market, international leading production technology or process, and a single product market share among the top in the world. Specifically, manufacturing single champion companies are reflected in both "single" and "champion". "Single" refers to a long-term focus on limited target markets, requiring that the sales revenue of specific segments of products should account for more than 70% of the company's total business revenue. "Champion" refers to a company that has market leadership and technological leadership in the field of segmented products it is engaged in. According to the requirements of the "Notice on the Selection and Warehousing of Zhejiang Province Manufacturing Single Champion Cultivation Enterprises in 2024", after rigorous screening in multiple links such as enterprise self-declaration, local recommendation review, and provincial review and review, Huapu Yongming, as a leading enterprise in the LED lighting industry, has won this honor with its profound technical heritage and continuous innovation ability.

From an unknown enterprise, with the perseverance of "sharpening a sword for decades", Renben has deeply cultivated the research and development, manufacturing and sales of bearings, adhered to the drive of scientific and technological innovation and the guidance of talent strategy, and became a specialized, refined and strong enterprise. It has successively broken the situation that Chinese civilian bearings and automobile bearings are monopolized by overseas manufacturers, and has leapt to rank among the leading bearing enterprises in China and the top ten bearing enterprises in the world. Today, Renben relies on years of technical accumulation such as high precision, low noise, long life, and high reliability. Based on solving the problem of "stuck neck" bearings for major equipment in China, it has increased the research and development of high-end bearings for major equipment such as rail transit, high-end CNC machine tools, and high-end construction machinery. Many breakthroughs have been made. In the future, Renben will continue to adhere to the concept of innovation, quality and service, and continuously introduce more high-quality products and services, making greater contributions to promoting the sustainable and healthy development of the industry and the high-quality development of the manufacturing industry in Zhejiang Province.

(People's Group)