Early spring is a splendid time of the year,

and is much better than the late spring when the capital is full of profusion of willows.

According to the Collection of Annotations to the Seventy-two Pentads,

'In February, everything comes out along with thunders.'

The thunders of spring make the world overflowing with vigor.

Good tidings are observed.

The spring thunders awaken the hibernating animals. Everything becomes alive and full of life, while the magpies report good news. YUNGTAY won the bid for the 2020-2022 centralized procurement of elevators by Sinohydro Realestate. The two companies signed an agreement on the strategic partnership.

Sinohydro Realestate

Sinohydro Realestate is one of the first 16 central enterprises of real estate development approved by the State-owned Assets Supervision and Administration Commission. With a registered capital of RMB 9 billion, Sinohydro Realestate has been ranked among the top 100 Chinese real estate companies in sales for many consecutive years. This company has launched over 100 real estate development projects in 27 cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chongqing, Xi 'an, Ji'nan, Nanjing, Hangzhou, Wuhan, Changsha, Chengdu, and has a controlling stake in the listed company Langold Real Estate (stock code 002305). The parent company, Power Construction Corporation of China, is a real giant having businesses all over the world; its performance ranks among the best of the Chinese enterprises under the Belt and Road Initiative.

Since its founding in 1993, YUNGTAY has been providing clients with satisfactory quality elevator products by adhering to the business philosophy 'Quality First, Technology First, Service First', having received a variety of honors such as 'Shanghai Quality Gold Award', 'Shanghai Famous Brand', 'high-integrity enterprise in product and service quality in China', and 'top ten service providers for government procurement of elevators', which helped the Company establish a good brand reputation.

As a leader in its industry, YUNGTAY has been attaching great importance to innovation, having stimulated the evolution of elevator manufacturing industry 4.0 through breakthroughs in product intelligence. Particularly, YUNGTAY is reinforcing its efforts for development of IoT cloud service and artificial intelligence. On the basis of 'test-strengthen-predict' mechanism, through the integration with web-based big data computing simulation, the elevators work with YUNGTAY's proprietary patented safety technologies such as 'brake force detection' and 'automated rescue system for car slip' for accident prevention and active maintenance, thereby providing passengers with a smarter and safer elevator environment.

In the past year, YUNGTAY achieved fruitful results, thanks to the remarkable increase of sales performance. In 2020, YUNGTAY will constantly enhance its internal development, and continuously reinforce the development of strategic clients, thereby establishing partnership between giants. The present strategic cooperation with Power Construction Corporation of China enables both sides to give play to their complementary advantages and considerable strengths; they are bound to sweep away all obstacles and show bright prospects in the real estate market.