West Lake Electronics Group

West Lake Electronics Group Co., Ltd. was founded in 1973 and is a state-owned enterprise under the jurisdiction of Hangzhou Municipality. Its predecessor was Hangzhou TV Factory. In 2016, with the approval of the municipal government, West Lake Electronics Group and Hangzhou Information Technology Co., Ltd. underwent restructuring. The company has now formed a comprehensive industrial layout led by the digital economy and science and technology parks. It owns dozens of wholly-owned, controlling, and shareholding enterprises, among which Soyea Technology is a controlling listed company on the main board. The company has always adhered to technological innovation as a sustained driving force for corporate development, and has successively established a national-level enterprise technology center, a national-level postdoctoral research workstation, a provincial-level key enterprise research institute for new energy vehicle electronics, and a number of other national, provincial, and municipal research and innovation platforms, laying a solid foundation for the company's technological progress and stable development. The company takes industry as its foundation and focuses on making the two engines of the digital economy and science and technology parks better and stronger. In the main urban area of Hangzhou, it has successfully built and operated multiple science and technology parks, including the Eastern Software Park, West Lake Soyea Software Park, and Tiande Great Health Industrial Park, and has received honors such as a Class A national-level specialized technology business incubator and a national-level demonstration base for entrepreneurship and innovation by small and micro enterprises. The total park area is nearly 300,000 square meters, gathering more than 500 small and medium-sized technology enterprises. The company adheres to the development strategy of "small batches, multiple varieties, and high added value," and for many years has firmly maintained its position as an industry champion in segmented markets of new materials such as special functional membrane materials, digital slitting machines, and high-grade paper tubes. It currently has 4 provincial-level specialized, refined, distinctive, and innovative enterprises. In recent years, the company has taken the 5G Industry Pioneer Park as an important platform to vigorously cultivate and develop digital economy industries combining software and hardware, such as 5G communications, smart transportation, smart communities, smart modules, and smart terminals, striving to build a nationally influential benchmark 5G industry cluster and to shape new advantages and new momentum for high-quality development.