Luoyang Hanfei Power: Delivering Tangible Results through Deep Cultivation and a Steadfast Commitment to Responsibility

The year 2025 has been etched into the development history of Luoyang Hanfei Power Technology Co., Ltd.

The past year of 2025 was one of forging ahead with determination and bearing abundant fruits. Under the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Luoyang Hanfei Power focused closely on the main theme of green energy development, successfully achieving its annual goal of "deep cultivation and meticulous efforts for tangible results." All key indicators, including operating revenue, newly signed orders, overall labor productivity, and the rate of technological achievement transformation, reached historic highs. The company achieved both effective qualitative improvement and reasonable quantitative growth in the field of small and medium-sized power equipment, demonstrating the mission and responsibility of a private technology enterprise with solid performance.

The fruitful outcomes of "deep cultivation and meticulous efforts for tangible results" reflect our responsibility to the nation. The year 2025 was a crucial year for comprehensively advancing high-quality development. Amidst the complex landscape of accelerating energy transition and intensifying market competition, Luoyang Hanfei Power resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council regarding green and low-carbon development. Rooted in the heartland of equipment manufacturing in Central China, we deepened our focus on core areas such as waste heat utilization and distributed energy. By leveraging the research, development, and manufacturing of small and medium-sized steam turbines and auxiliary equipment, we helped industrial enterprises conserve energy, reduce consumption, lower carbon emissions, and minimize pollution. Throughout the year, we provided waste heat recovery solutions to multiple enterprises using our proprietary technologies, injecting solid momentum into the realization of regional "dual-carbon" goals and the high-quality development of the real economy. Our practical efforts and tangible achievements demonstrated the commitment and sense of national responsibility inherent in a private enterprise.

The fruitful outcomes of "deep cultivation and meticulous efforts for tangible results" reflect our responsibility to our customers. To forge iron, one must be strong oneself; the core of winning market trust lies in superior technology and quality. In 2025, Luoyang Hanfei Power adhered to a strategy driven by technological innovation, guided by the upgrade of green energy equipment, and accurately addressed the actual operational needs of our customers. We diligently advanced the special initiative of "All Staff Focusing on Quality," proactively visited and investigated upstream and downstream suppliers to strictly control component quality from the source. We meticulously designed customized solutions for different user scenarios, conducted comprehensive tracking and review of production processes, and made timely optimizations and adjustments to details, ensuring products perfectly met customer requirements. Simultaneously, we improved the quality control system covering the entire process of R&D, production, and after-sales service, clearly defining quality control red lines. By earning market recognition with reliable quality and precise services, our newly signed orders in 2025 increased by 45% year-on-year, including achieving a breakthrough of zero orders in overseas niche markets. Our reputation confirms our commitment to our customers.

The fruitful outcomes of "deep cultivation and meticulous efforts for tangible results" are built upon the hard work and dedication of all employees, and further reflect the company's respect for and empowerment of employee value. Employees are the core foundation of enterprise development. In 2025, Luoyang Hanfei Power consistently upheld the philosophy of "People First, Shared Growth." By empowering employees through platforms to stimulate their internal drive, we encouraged everyone to delve deeply and meticulously into their respective roles, taking initiative in tasks such as steam turbine technology optimization and production process upgrades, allowing every employee to shine in their position. This has fostered a virtuous cycle where "strong employees make a strong enterprise." Meanwhile, the company optimized welfare benefits in parallel, ensuring employee income grew in sync with corporate profits. We improved supporting service facilities and accurately addressed employee needs, effectively enhancing their sense of happiness and belonging, thereby solidifying the talent foundation for the company's high-quality development.

Carrying forward the abundant achievements of 2025 and rejuvenated by the rest and energy of the Spring Festival holiday, we now officially embark on a new journey in 2026. The year 2026 will be a critical year for Luoyang Hanfei Power to deepen its transformation and expand its market reach. Standing at this new starting point, we face both opportunities and challenges, alongside our mission and responsibilities.

Luoyang Hanfei Power will unite even more closely around the Party Central Committee with Comrade Xi Jinping at its core. We will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, closely follow the direction of national energy strategy, deepen our focus in the niche track of power equipment, continuously strengthen technological innovation, optimize our product portfolio, and enhance service quality. With the spirit of "meticulous cultivation and relentless pursuit of excellence," we will drive the high-quality development of the enterprise, stride forward confidently on the path of building a specialized, sophisticated, distinctive, and innovative enterprise, and contribute Hanfei's strength to the upgrade of equipment manufacturing in Central China and to the great cause of building a strong nation and rejuvenating the Chinese nation through a Chinese path to modernization.