TAIZHOU SHENGPENG POWER GENERTING CO., LTD. is located in the southeast coast of Zhejiang. The beautiful and rich Yuhuan Island, the picturesque beach and the endless sea are our hometown. The sea, land and air transportation here are very developed: it is adjacent to Ningbo Port in the north and connected to Wenzhou Bay in the south. There is a national first-class fishing port - Kanmen Port and a national second-class port - Damaiyu Port. National Highway 104, Hangzhou-Taiwan-Wenzhou Expressway, and Ningbo-Taiwan-Wenzhou Railway are the main lines of our land transportation. Wenzhou Airport and Huangyan Airport are only 1 hour away from our company. Wenling Railway Station is only half an hour away from our company.
Our company was founded in 1982 and specializes in machinery manufacturing and processing, with an annual production capacity of 100 million yuan. Now we mainly produce U-bolts, brake pedal assemblies, clutch pedal assemblies, accelerator pedal assemblies, brackets, lower bracket connecting forks, pins, and engine rocker arm assemblies and high-strength bolts for Beiqi Foton, Northern Benz, and Shaanxi Heavy Duty Automobile Company. "Enhancing customer satisfaction" is the core of our company's quality policy, and providing customers with 100% excellent products is our quality goal. Over the years, we have consistently provided customers with products with stable quality and reasonable prices, and we have been deeply appreciated by our customers. In particular, our company has made due contributions to the engineering projects for the 50th and 60th anniversaries of the founding of the People's Republic of China. Our company welcomes customers who are interested in cooperating with our company and will sincerely provide customers with high-quality services.
In recent years, with the strong support of the main engine factory and the efforts of all employees of our company. The company has made great progress, especially in the past three years, with an average annual growth rate of more than 50% in output value. In terms of new product development, we have developed key products for heavy trucks such as Dongfeng Heavy Truck, Jirui United Heavy Industry U-bolts, Shaanxi Automobile Heavy Truck steering drop arms and pins, and North Benz new two-in-one pedals. This has laid a solid foundation for the company's future development.
In the face of new opportunities and challenges, the company has further established the overall development strategy of "not seeking the largest scale, but seeking the best benefits, first strong and then big, first excellent and then big" in the spirit of reform and innovation, diligence and pragmatism. There is a consensus on producing products that keep improving and meet customer requirements. All employees are determined to fight and explore in the world auto parts market.