Wuhan Special Industrial Pump Factory Co., Ltd.

Wuhan Special Industrial Pump Factory is affiliated with Wuhan Longyuan Group Co., Ltd. Wuhan Longyuan Group is a private enterprise group mainly engaged in equipment manufacturing, also diversified into real estate, hotel management and commerce. Its registered capital is RMB 100 million. Chairman Mr. He Zhengliang is the founder of the group, born in August 1968, graduated from Zhongnan University of Economics and Law with a major in financial management, and holds an EMBA master's degree from Huazhong University of Science and Technology. He is a member of Wuhan Municipal Committee of the Chinese People's Political Consultative Conference, a standing committee member of the Municipal Federation of Industry and Commerce, and vice president of the Hubei Provincial Entrepreneurs Association. He has been rated as "Outstanding Entrepreneur" many times, and in 2004 was awarded the title of "Outstanding Builder of Socialism with Chinese Characteristics" by the Hubei Provincial Government. The group's core enterprise, Wuhan Special Industrial Pump Factory Co., Ltd., was established in 1993 with a registered capital of RMB 115 million. The company is mainly engaged in the research and development, design, manufacturing and sales of pump products. Its leading products are water ring vacuum pumps and long-shaft vertical pumps widely used in industrial enterprises such as coal, mining, thermal power, steel, metallurgy and papermaking; as well as axial flow pumps and mixed flow pumps for large pump stations widely used in national large-scale drought relief and drainage water conservancy construction and urban sewage pumping. There are more than 20 series, more than 180 varieties and 580 specifications of pump products. The economic indicators of the enterprise have ranked first in the same industry in the five central and southern provinces for five consecutive years. The group's subsidiary Wuhan Xinlong Real Estate Development Co., Ltd. was established in 2002 with a registered capital of RMB 40 million. The "Jinyuan Huating" project it developed opened in 2005 and has won the "Three Star" award in Hanyang District for consecutive years. At present, the company has entered into a strategic cooperation with Wuhan Baibuting Group, involving real estate development and research, development and manufacturing of new building materials. The group's subsidiary Wuhan Shengshi Tenglong Hotel Management Co., Ltd. was established in 2005 with an investment of RMB 40 million. It is currently a comprehensive service hotel in Wuhan Economic and Technological Development Zone with the largest scale, the most beautiful decoration, the most complete facilities and mass-market consumption. Since its trial operation for several months, it has been unanimously praised by consumers and former provincial and municipal leaders such as Wang Qun and Xie Peidong who came to inspect. Wuhan Longyuan Group currently has 860 employees, 70% of whom are laid-off workers re-employed. Employees with bachelor's degree or above account for 4%, and college and technical secondary school graduates account for 31%. In 2006, the group's tax payment is expected to be RMB 15 million. While pursuing economic development, the group also attaches great importance to improving employee benefits and strengthening corporate culture construction. Over the past few years, with the approval of higher authorities, the enterprise has successively established a trade union organization, a grassroots party committee, a people's armed forces department and a cadre militia battalion, etc.