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High-end equipment manufacturing surges in Jiaxing

chinadaily.com.cn| Updated : Apr 16, 2021

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Jiashan Wanshunda Electronics Co Ltd, a Taiwan-funded camera producer, generated 200 million yuan in operating revenue last year despite the COVID-19 pandemic. [Photo/cnjxol.com]

The added value of the high-end equipment manufacturing industry above designated size in Jiaxing, East China's Zhejiang province surged 54.5 percent in the first two months of this year to 8.37 billion yuan, local media reported on April 15.

During the 13th Five-Year Plan (2016-20) period, the total output of Jiaxing's high-end equipment manufacturing industry jumped from nearly 80 billion yuan to 200 billion yuan.

Despite the COVID-19 pandemic last year, Jiashan Wanshunda Electronics Co Ltd, a Taiwan-funded camera producer, generated 200 million yuan in operating revenue.

"We plan to add two more production lines this year and our annual output value is expected to reach 250 million yuan," said Yang Binghuang, director of the manufacturing department of Wanshunda.

Yang added that Wanshunda has already expanded its production capacity by more than 50 percent in 2020 and that the company's monthly output value has amounted to nearly 30 million yuan since the second half of last year.

The pandemic has changed people's way of working, studying, and living, with working and studying from home becoming more popular worldwide, which has generated a larger market for the camera manufacturer.

Moreover, Wanshunda also has a clear and stedfast vision for its future development. The company has maintained long-term cooperation relationships with international computer brand factories to improve its technology.

In addition to household projection equipment, the company plans to develop in-vehicle cameras, which it expects to be a promising market in the near future.

Wanshunda epitomizes the rise of Jiaxing's digital economy. In the first two months of this year, the added value of core manufacturing of the city's digital economy soared 86.6 percent to 6.18 billion yuan, both ranking third in the province.