Sun Mianyu, our visionary founder, leads the machine tool sales division at Fujian Donghai Machine Tool Supply and Marketing Cooperative.

ADH, later rebranded as Donghai Machine Tool Factory #1, launched operations with a 3 million yuan investment, achieving over 5 million US dollars in first-year revenue.

Our company underwent a strategic transformation, integrating German engineering expertise to elevate our product range from entry-level to premium offerings. The inauguration of a second production facility and product line enhancement garnered significant market approval.

This pivotal year marked a significant shift as Beijing Phoenix City Group joined as a third-party investor, alongside key technical personnel. This strategic move facilitated our evolution from a family-owned business to a dynamic joint-stock enterprise.

We invested in our third production facility, the "High-End Intelligent Machine Tool Manufacturing Base." Concurrently, we established Donghai Yuxiang Company, allocating 65 million US dollars to cutting-edge precision processing equipment, bolstering our core R&D and manufacturing capabilities.

The successful completion and operation of Donghai Yuxiang's Phase I project at Ma'anshan Yuxiang Intelligent Equipment Technology Co., Ltd. marked a significant technological leap. This milestone propelled the company into an advanced era of high-end CNC machine tool manufacturing, enhancing its global competitiveness.

Our company, Beijing Zhongguancun Bolton Research Institute, received official approval and garnered numerous national accolades. We've established multiple technical research centers. Looking ahead, our core precision processing equipment will undergo further enhancements, positioning us as a publicly traded entity and a globally recognized provider of comprehensive sheet metal intelligent equipment solutions.

The formation of Donghai Yuxiang Import and Export Trading Co., Ltd. as a wholly-owned subsidiary aimed to catapult the ADH brand onto the global stage. With annual sales exceeding 550 million yuan and tax contributions of 30 million yuan, the group established itself as a flagship enterprise for Chinese mechanical products.

The initiation of the Donghai Yuxiang Phase II project, supported by a substantial 150 million yuan investment, heralded a new era of opportunities and exponential growth.

As Donghai Yuxiang marked its 20th anniversary, it stood as a testament to two decades of unwavering industry commitment. The company's journey of continuous growth and development has been rooted in earning customer trust through superior products and exemplary service.