Auto Draft

Report on the Work of Wishpower 2020

The year of 2020 was an extraordinary year which witnessed the epidemic, natural disaster, and war. In the first half of the year, we encountered a shortage of raw materials after resuming normal production with the price of silicone rubber increased by 100%, core rod increased by 25%, MOV blocks for zinc oxide surge arrester increased by 30%, and copper parts for drop-our cutout increased by 40%. However, we cannot rise our product price in line with the market for fear of losing our customers. In the second half of the year, we encountered freight rise after only four-month stable production, especially the sea freight not only doubled, but it was hard to book a container. Towards the end of the year, the epidemic rebounded, which made people panic again. We never know when this situation would end.

In 2020, under the leadership of Chairman Wu Yamin, Wishpower overcame the impact of various unfavorable factors by turning passivity into initiative, seeking opportunities in crises, and focusing on customers. People in Wishpower firmly believed that our benefit and our customers’ were closely tied together and our progress evolved from customers’ development. Facing the plight that our interests were swallowed by the price rise of raw materials, we internally improved efficiency and increased benefits to keep the overall sales increased by 45%.

A major breakthrough was made in the development of new products, the type test of the subway cable protector was completed, and we won the bid of Xi’an Metro. The power line fittings passed the test of the National Electric Power Fittings Testing Center (Suzhou) and began to export to Australia, New Zealand, and Africa.

In 2020, we focused on our own management and strength by revising the quality management manual and operation instruction to make them more practical and operable to guide the daily production standardized and normalized and ensure the safety and reliability of our products.

It has been 17 years since the establishment of Wishpower. Over the past 17 years, Wishpower always remembered its original intention of “setting up the factory with professonality and commitment” and “work honestly with responsibility and go forward with sincerity”. In addition, our direction was to provide customers good-quality and prominent service.

Wish the epidemic end soon and world be peaceful!

Wish our customers, friends and their families safe and sound!

Auto Draft
Auto Draft

Jan. 1, 2021 in Xi’an