Ningbo Tonyhoo Electrical Technology Co., Ltd.,founded in 1997, is a national high-tech enterprise, member of China Electricity Union, member of Ningbo Science and Technology Association, director of Science and Technology Innovation Association.Tonyhoo introduced a new material project in 2020, invested in the establishment of a new material laboratory and professional talents, and applied for the Municipal Engineering Center. We fully rely on customer needs and combine market feedback to ensure the industry application of research and development results and convert them into economic value. Enterprises allocate around 6% of their annual research and development funds towards research and improvement.
In 2015, it was rated as a national high-tech enterprise. In 2019, it was rated as an AA level contract abiding and credit worthy unit. In 2020, it was awarded the 2019 Excellent Supplier Quality Award. In 2020, it was rated as a technical cooperation unit. In 2020, it was rated as a director unit of the Ningbo Electrical and Power Industry Association. In 2021, it was rated as an excellent supplier for 2019-2020 and other honors.
On the basis of the original New Third Board, the company established Ningbo Crelence Electric Technology Co., Ltd. and Ningbo Tonylum New Material Technology Co., Ltd. at the end of 2020, radiating from the existing high-voltage cable accessories field to the medium and low voltage and new materials fields, expanding the previously monopolized segmented market again. The two companies gradually completed various qualifications and certifications in 2021, achieving progressive development. Relying on 25 years of market foundation and high-quality reputation in the industry, combined with the advantage of highly overlapping customer groups, the enterprise's output value will achieve growth. And increase innovation investment, complete the transformation of automated workshops, and gradually achieve digitization. Therefore, the plan is to carry out a second stock reform in the next two years and advance towards IP0.
Tonyhoo Company currently holds 12 trademark certificates and over 60 patents. The products are mainly divided into medium and low voltage cable accessories, new materials for power environmental protection, and products related to medium and high voltage explosion-proof protection.Tonyhoo's products have been tested by the State Grid High Voltage Testing Center, SGS, or Shanghai Cable Research Institute and have obtained corresponding reports. After 25 years of deep cultivation and accumulation in the industry, Tonyhoo has gained a certain level of product competitiveness and brand awareness in the cable accessory manufacturing industry. Tonyhoo's current overseas markets include Thailand, the United States, Tunisia, Russia, Saudi Arabia, and others.