

Recently, the Federation of Industry and Commerce of Hunan Xiangjiang New Area (Yuelu District) selected four 2025 Top 100 Private Enterprise Lists for Xiangjiang New Area—covering "Revenue Scale", "Tax Contribution", "R&D Investment", and "Social Responsibility". The evaluation was based on key indicators including 2024 operating (output) income, tax payment, R&D investment, and employment absorption of private enterprises within the area, with Willfar making the cut for all lists.
Willfar’s multiple advantages have burst forth, with its core indicators maintaining steady growth. In 2024, the company achieved total operating income of RMB 2.745 billion, a year-on-year increase of 23.35%; net profit attributable to shareholders was RMB 631 million, up 20.07% year-on-year. The growth momentum continued in the first three quarters of 2025: operating income reached RMB 2.112 billion (YoY +8.8%), net profit attributable to shareholders was RMB 474 million (YoY +12.24%), and outstanding orders accumulated to RMB 3.824 billion by the end of September. The sustained dual growth in revenue and profit has laid a solid foundation for the enterprise’s long-term development.
Willfar has always taken R&D as its core driving force, maintaining high-intensity R&D investment to promote technological innovation and product upgrading. Its average R&D expenditure accounted for over 9% of revenue in the past three years, with further increased investment in the first three quarters of 2025. R&D personnel reached 438, accounting for 51.8% of the total workforce. Technological innovations are fruitful: as a core participant, it formulated the world’s first international standard for smart distribution transformer terminals—IEEEStd2815™-2024; its independently developed "core IoT wireless communication technology" obtained overseas patent authorization; and the "measurement and control system and module for distribution automation terminals" won the 25th China Patent Excellence Award, solidifying its leading position in technical strength.
Adhering to the business philosophy of "Sincerity & Excellence, Mutual Benefit & Symbiosis", Willfar deeply integrates ESG concepts into its development strategy, major decisions, and production operations. It plays dual roles as an industry promoter and enabler in digital energy and green low-carbon development, continuously creating value for the country, investors, customers, and other stakeholders. The company is included in the SSE STAR Market ESG Index and rated "A" by Wind ESG and China Securities ESG. In its 2025 Efficiency Improvement and High Return Action Plan, Willfar proposes a baseline dividend payout ratio of 40% over the next five years, aiming to continuously realize investment value for foresighted long-term capital and investors, and become a reliable value-creating enterprise. In social responsibility practice, it persists in public welfare activities such as education support and environmental protection: paid a total of RMB 220 million in taxes in 2024, accumulated RMB 850 million in tax payments since listing, and has been rated a Grade A tax credit enterprise consecutively since 2006. It also donated RMB 1 million to help disadvantaged students realize their college dreams.
The Report to the 20th National Congress of the Communist Party of China emphasizes that high-quality development is the primary task of building a modern socialist country in all respects. Concurrently with the release of the national Implementation Opinions on Promoting High-Quality Development of "AI +" Energy, Willfar will seize the opportunity, continue to focus on innovative R&D, strengthen scientific research capabilities, drive industry innovation, and contribute to Hunan’s "Three Highlands and Four New Missions" strategy. Looking ahead, the company will anchor the carbon peaking and carbon neutrality goals, unswervingly increase R&D investment, deepen the integrated innovation of "AI + Energy", continuously enhance independent innovation capabilities and core competitiveness, promote high-quality enterprise development, strive for the Strong Provincial Capital Strategy, and make sustained contributions to advancing industry technological progress and global digital energy transition.
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