Our company is the biggest specialized mechanical seals manufacturer in China, listed as one of the top 500 in the mechanical and electrical sector for the past three years. We have occupied more than 90 % of the market in China. We have passed ISO 9002 Certification in 1996. We are a private enterprise which started the business in 1988 with only 20,000 RMB. Now it has a registered capital of 41 million RMB and a net property value of 130 million RMB without any loans. Nearly 200 of our employees have a college education, 71 engineers are engaged in research and development, 95 professional salespeople are engaged in marketing and services. We have 355 sets of main equipment, including lathes, grinders, milling machines, boring machines, vertical lathes, CNC, plasma welders, and a vacuum furnace. Our main products are various series of mechanical seals, heavy duty magnetic pumps, and couplings. Our 2001 total output was 90,000 pieces with a sales income of 86.5 million RMB and after-tax profit of 12.4 million RMB.