Mutual Benefit, Win-Win Cooperation! Dongcheng Company was invited to attend the 33rd National Electric Tool Industry Chain Conference
The 33rd National Electric Tool Industry Chain Conference was grandly held in Zhejiang, China, on November 16th. Mr. Wang Lixiang, the purchasing director of Dongcheng Company, was invited to attend, and had in-depth discussions with industry experts and outstanding enterprise representatives on topics such as smooth supply chain, industrial chain agglomeration, innovation chain integration, new technology trends, new cooperation models and new market demands in the power tool industry, and deliver a speech at the conference.
Mr. Wang said that the Company, as the industry leader of domestic electric tools, achieved sales of RMB 5.339 billion in 2022, of which domestic sales accounted for RMB 4.677 billion (lithium-ion tools sales accounted for RMB 1.665 billion), overseas sales accounted for RMB 662 million, the annual sales of electric tools exceeded 23.8 million units, and the annual warehousing tax was RMB 180 million. According to the certification documents of the Electric Tools Branch of China Electrical Equipment Industry Association, Dongcheng Company has ranked first in the sales volume of power tools market in China for many years. In addition, the company's sales of cordless power tools (lithium-ion power tools) have ranked first in the domestic market for two consecutive years. This is due to the Company's professional R&D ability, strong machine manufacturing strength and steady marketing network construction ability.
Since its establishment 28 years ago, the Company has always taken "Keep Improving and Good Service" as its corporate mission, persisted in driving industrial development with scientific and technological innovation, and continuously strengthened the construction of R&D team, and realized independent design and research in product industrial design, motor, structural design, electronic control and other aspects. The company also has industry-leading intelligent manufacturing strength and the testing capability of a full set of AC/DC power tools and lithium battery systems, which provides reliable quality assurance for the creation of high-quality tools.
In addition, in order to provide sincere and efficient services to users around the world, the Company has continuously expanded the depth and breadth of marketing network construction. In China, Dongcheng's marketing network has spread all over the country, covering 211 large and medium-sized cities, with more than 580 direct distributors. By the end of October 2023, more than 29000 Exclusive In-store Brand Corners ("EIBCs") had been built. In overseas markets, Dongcheng Company's sales network has covered more than 60 countries and regions, and by the end of October 2023, more than 4,200 EIBCs had been built.
At the conference, Mr. Wang also said that Dongcheng Company will play a leading role in the field of professional power tool manufacturing, promote the upstream and downstream linkage of the industrial chain with the help of the strategic synergy of the industry, actively guide the construction of a fair, just and transparent procurement platform, create cooperation opportunities for new materials, new technologies and new processes, and coordinate all stakeholders to jointly promote the green and long-term development of the power tool industry.
Through this conference, all parties involved in the power tool industry have had in-depth exchanges. In the future, Dongcheng Company will work with them to continue to explore a win-win business innovation model, strive to improve the resilience and safety level of the industrial supply chain, and contribute to the high-quality and long-term development of the power tool industry.