HBTE was established in 2004, with a registered capital of RMB 60 million, more than 500 employees, R D and production area of more than 50,000 square meters, fixed asset investment of more than RMB 100 million, and annual sales of more than RMB 200 million. HBTE has R D centers in Shanghai, Hangzhou, Dongguan, Chengdu, Xi'an, and Nanjing, production bases in Hangzhou, Chuzhou, and Chengdu, and sales and service representative offices in Sweden and the United States.