Hongxiang Co., Ltd. (stock code: 300427) is a high-tech enterprise dedicated to the research and application of power system condition based maintenance technology. It can provide customers with comprehensive solutions for power grid condition based maintenance and intelligent operation, with business applications covering three major fields: electricity, military, railway, and rail transit. The company, with its technological and brand advantages, holds a high market share in the segmented market of power equipment condition maintenance industry with high visibility. The company always takes technological innovation and service marketing as the foundation of development, and insists on investing a large amount of manpower and material resources in the research and development of new products and technologies every year. It has product production bases and technology research institutes in Australia and China to obtain international front-end information technology, constantly innovate, provide high-quality consulting, products and services for power customers around the world, and continuously launch numerous products with international advanced technology. In the field of exploring implementation plans for power equipment condition based maintenance, the company has maintained a steady pace and is committed to the research and development, production, and operation of intelligent substation and smart grid operation condition based maintenance equipment and systems, persistently promoting the development and application of power equipment condition based maintenance technology in China. The company currently possesses core advantages such as a strong professional technical team, first-class laboratory conditions, rich on-site testing experience, and a comprehensive service system. It can provide customers with four business models: smart grid condition maintenance equipment, commissioned testing services, professional consulting services, and establish an effective power grid equipment risk prevention and management system to meet the diverse needs of power enterprises for on-site testing, application management, and business decision-making. In order to better serve the vast number of power customers, the company has eight subsidiaries, ten subsidiary companies, and has established more than twenty liaison offices in China, forming a complete marketing network service system. Relying on these institutions, the company's products have been marketed in over a dozen countries worldwide and have received unanimous praise from users and peers in the industry. What makes all Red Phase employees proud is that the company's state maintenance series products have been successfully applied to the power supply guarantee projects of the 2010 Shanghai World Expo, the 2010 Guangzhou Asian Games, the 2017 Xiamen BRICS Summit, and the 2019 Wuhan Military Games. Faced with numerous honors, Hongxiang Co., Ltd. will always prioritize customer needs, expand service markets, improve service quality, and continue to serve China Electric Power as always.