China Warom Technology Incorporated Company Company News

Few days ago, a good news from Warom Foreign Trade Center: the company has completed the 100% high-quality performance of the explosion-proof equipment order for the Dangote Oil Refinery Project in Nigeria in the West African market along the “Belt and Road”, and the contract payment for the project has been nearly 15 million US dollars in full back to the cage. This is the largest contract value export project signed by Warom overseas market in recent years, and it is also the world's largest single projects supply order for explosion-proof electrical appliance.   Nigeria is Africa's largest economy, largest population and largest crude oil exporter. It is also an important partner of China-Africa joint construction of "The Belt and Road". DPRP (Dangote Project) is an oil refinery project of the Dangote Group under Mr. Dangote, the richest man in Africa. It is located in the Lekki Free Trade Zone, a modern Lingang New City in Nigeria, with a total investment of 19 billion US dollars. It will be built into a comprehensive complex about the largest single-line processing capacity of the world Refining plant. The project is scheduled to be officially put into operation in 2023, and Warom will continue to provide it with after-sales service and technical support to ensure the safe operation of the refinery. In recent years, Warom has taken the national “One Belt and Road” construction as an opportunity, actively “goes out and invites in”, deeply implemented the globalization strategy, showing its talents in the international market. Africa has always been an important market for Warom along the "One Belt and Road". We have frequently participated in top professional exhibitions to show Warom's brand image to overseas users. In June 2018, the company received an invitation to bid for the Dangote project in Nigeria. Our foreign trade center immediately selected excellent staff to set up a bidding project team, communicated and negotiated with customers for many times, and actively organized project planning, through the unremitting efforts of our foreign trade marketing team, and relying on Warom's excellent technical advantages, strong manufacturing strength and high-quality product quality, we successfully defeated many competitors and won the bid at the end of 2018. As a big country in West Africa, Nigeria has a rapid economic development and intense competition in the domestic market, the requirements for product quality and construction period are extremely strict, and it also puts forward high requirements for after-sales service. Through the sales team's efforts and relying on the excellent technical advantages, strong manufacturing strength and high-quality product quality, Warom finally won the bid at the end of 2018. In February 2019, Warom held the KOM meeting successfully with the owner (Dangote Group) and the design unit (EIL in India), the contract performance had officially begun with this. We fully take into account of the high-standard product use requirements on the project site, we finally obtained the approval of owner and the design unit with the optimal product technical solution after repeated discussions with them. After the design scheme is determined, Warom starts the comprehensive production of explosion-proof and weather-proof products required by the project. We are producing in the face of COVID-19, uses the "Intelligent Collaborative Management Platform" to strengthen the interconnection between production execution and product data. Finally we send out the last 9 containers in 8th of Apr. at the time of epidemic broke out and the region remained silent in Shanghai. After Warom products arrived at the project site one after another, our technical always stand by for conducted product installation guidance and exchanges with the project construction party (CNCEC) through video conferences, remote assistance and other methods. Now all batches of explosion-proof and weather-proof electrical appliances of us have passed the on-site functional test and have been put into daily use. Warom's product quality and technical services have been highly recognized by customers. The Dangote Oil Refinery Project in Nigeria has provided Warom with rich experience in the "The Belt and Road" and even the global market. In the future, Warom will continue to lead the industry to build a top Chinese explosion-proof brand with international influence, and be the most reliable security system service provider of hazardous environment.  

On the morning of June 9, 2022, Zhou Wenjie (Deputy Secretary of District Committee) and other leaders visited Warom to understand the situation of epidemic prevention and control, resumption of work and production. Accompanied by Zheng Xiaorong (Secretary to the Chairman of Warom), Mr. Zhou and other leaders inspected the production status of the workshop and products in the exhibition hall, and inquired about the difficulties and suggestions in the resumption of work and production.   Mr. Zhou acknowledged WAROM's achievements in bucking the trend during the epidemic. He reminds us that enterprises should continue to strengthen the string of epidemic prevention and control. And hopes that enterprises will give full play to their role as the basic force to stabilize the economy, enterprises and the market, and make new contributions to the recovery and revitalization of the regional economy.   Before leaving, Mr. Zhou transferred Warom the relevant support policies. Mr. Zheng expressed our heartfelt thanks to the district and town Party Committee and government for their strong support to Warom all the time, especially for the series of policies to help enterprises launched during the resumption of work and production. Mr. Shen Xiaofeng (Deputy Director of Jiading District Committee), Mrs. Zhang Jingping (Deputy Director of Jiading Economic Committee) , Mr. Xu Hongbin (Deputy Secretary of The Party Committee of the Town) accompanied by visiting and investigating.

Exploit and Innovate to Seek Development, Forge ahead to Create Brilliance. Warmly Celebrate the 5th anniversary of Warom Technology Incorporated Company’s Successful IPO on the Main Board of Shanghai Stock Exchange. May 24, 2017 is a day to remember -- Warom Technology Incorporated Company was listed on the Shanghai Stock Exchange (Main Board) (Stock abbreviated as "Warom  Shares" and stock code: 603855). It has embarked on a new journey of steady, innovative and high-quality development.   Time never waits and flows in a snap…… On May 24 2022, “Warom Shares”are celebrating the fifth anniversary of its IPO. Since listed five years ago, in the face of complex and changeful external environment and increasingly fierce competition, Warom insists on the development tone of "seek improvement in stability". Warom always consolidates internal strength, focuses on the industry, improves main business and persues pragmatic innovation. Warom is concentrating on he three fields including Explosion-proof Electrical Equipment, Electrical Energy and Professional Lighting while Warom is penetrating and developing in new fields such as Military Industry, Nuclear Power, Marine Engineering and Photovoltaic (pv), etc. Also, Warom is “skillful in dancing with long sleeves” in the international market and has made a great breakthrough with global layout. Warom’s Business performance has hit a record high year after year by internally strengthening management and externally expanding market. Enterprise reform has been deepened and solidified, corporate governance has been constantly standardized and efficient, the role of the capital market has been fully brought into play, and the protection of investors' rights and interests has been strengthened. All these demonstrate the strong driving force for sustainable development.         The company's operating revenue increased from 1.2 billion yuan at the beginning of listing to 3.027 billion yuan in year 2021, an increase of 152.25%. Net profit attributable to shareholders of listed companies rose from 113 million yuan at the beginning of listing to 381 million yuan in year 2021, an increase of 237.17%. The company awarded "China's Top 100 High Growth Enterprises Award" of 2021 China's Most Growing Listed Companies.   The more you know, the more certainly when you do.  In the past five years, Warom has continuously improved the quality of its products and services, and developed a unique road to become a strong brand enterprise to keep the leading position in the domestic industry and ranks among the top three in the global industry.   The company uses the dual wheel drive of industry and capital to accelerate the implementation of operation strategies including localization of international strategy, base of industrial strategy, intellectualization of product strategy, customization of service strategy, and has set up branches and agents in more than 50 countries and regions around the world.  It has become the network qualified supplier for well-known large enterprises domestically and abroad, such as Petrochina, SINOPEC, CNOOC, State Grid, BP, Shell, FLUOR, BASF, TotalEnergies, TECHNIPENERGIES, etc.  At the same time, the company has passed CCC, CE/ATEX, IECEx, UL, CU TR and INMETRO quality standards certification, and obtained CNAS laboratory issued by China National Accreditation Committee for Conformity Assessment, laying a solid foundation for high-quality development of the enterprise.     The company uses the dual wheel drive of industry and capital to accelerate the implementation of operation strategies including localization of international strategy, base of industrial strategy, intellectualization of product strategy, customization of service strategy, and has set up branches and agents in more than 50 countries and regions around the world.  It has become the network qualified supplier for well-known large enterprises domestically and abroad, such as Petrochina, SINOPEC, CNOOC, State Grid, BP, Shell, FLUOR, BASF, TotalEnergies, TECHNIPENERGIES, etc.  At the same time, the company has passed CCC, CE/ATEX, IECEx, UL, CU TR and INMETRO quality standards certification, and obtained CNAS laboratory issued by China National Accreditation Committee for Conformity Assessment, laying a solid foundation for high-quality development of the enterprise.     In order to effectively maintain the leading edge in technology, the company has increased research and development efforts, and every year devoted a huge amount of funds for research and development investment, forming a series of independently developed and competitive innovative technologies and products.  The "SCS Safety Intelligent Control System" independently developed by the company has the advantages of intelligent energy saving, remote control, intelligence and efficiency. It has been applied for more than ten customers such as Shenhua Ningxia Coal Industry Group Co., Ltd, Zhenhai Refining and Chemical, Yangzi Petrochemical, Shanghai Petrochemical, etc. The business model of platform + terminal products will bring new business increment to the company.  "Offshore Helicopter Platform Landing Signal Indicating System" with independent intellectual property rights has broken foreign monopoly and filled the gap in this field of China. It has been certified as "Shanghai Brand".  The nuclear grade lighting products jointly developed with CNNC passed the professional achievement appraisal of radiation resistance and earthquake resistance of nuclear island plant, and were listed as "patent industrialization Project" and "Key Government Product Quality Achievement Project". Constant exploration and go steadily and far.  In the past five years since its listing, Warom has accelerated its transformation from a product manufacturer to an international system service provider, and is committed to promoting brand building and deepening brand connotation.  With steady performance growth, efficient operation capacity and strong development potential, the brand value continues to improve and has won the "China Export Quality and Safety Demonstration Enterprise", national "Green Factory", "Shanghai High-tech Enterprise", "Shanghai Civilized Unit" and other honorary titles.       The company is actively engaged in the service of major projects domestically and abroad. No matter in the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Beijing-Tianjin-Hebei and other domestic major rivers and regions, or the countries and regions along the "Belt and Road", the company has fully integrated into the national strategy and actively assisted projects such as Xichang/Wenchang Satellite Launch Base Project, the "Blue Whale" 1 Combustible Ice in the Mining Project, the South China Sea Reef Construction Project, Nuclear Lake Kasumigaura Demonstration Project, Zhoushan National Oil Reserve Base Expansion Project, Shandong Qingdao Essence Electricity for 200 MW Photovoltaic Power Generation Project, Hong Kong-Zhuhai-Macao Bridge “Deep Kiss ”, Russia AGPP Project, Kazakhstan Atrau Refinering Project, King Salman International Complex for Maritime Industries and Services Project in Saudi Arabia, Dangote Oil Refining Project in Nigeria, Shell and BP Joint Liquefaction Collapse Station Project, Chemicals and Refining Integrated Singapore Project (CRISP), etc. Warom provide security guarantee for these projects, making WAROM become a shining Chinese brand on the world stage.       Hundreds of boats contend, the vigorous one goes first; Thousands of sails compete, brave one wins.  Facing the future, Warom Shares will inherit and surpass, innovate and develop, and go along with customers, investors, partners and friends from all walks of life who care and help Warom cause in the great journey of creating a century-old business.  Looking forward to the future, in the new development pattern in which the major domestic cycle is the main body and the double domestic and international cycles promote each other, Warom Shares will accelerate the strategic layout of globalization, and with a high and vigorous attitude to be an Industry Pioneer, Create a World Brand.       On the occasion of the fifth anniversary of Warom's listing, Mr. Hu Zhirong, chairman of the board, Mr. Li Jiang, general manager of Warom, and all the staff would like to express our sincere thanks to our customers, investors, partners and friends from all walks of life for their trust and support.  We sincerely hope that you and Warom will go hand in hand to create brilliance.

On the afternoon of May 9th, 2022, Gao Xiang (Mayor of Jiading District), Zong Bin (Deputy Director of the Standing Committee of the District People's Congress) and other leaders visited Warom to investigate and guide the company's epidemic prevention and control and work safety. Lou Qingmei (Secretary of the Party Committee of Xuhang Town), Shao Gang (Mayor of Xuhang Town), and Chen Feng (Deputy Mayor of Xuhang Town), accompanied the investigation.   As the person in charge of the company's site, Mr. Zheng Xiaorong (Secretary to the Chairman), made a detailed report on the epidemic prevention and control work. As of today, the nucleic acid screening of more than 1,700 employees of the company has all been negative, achieving an "epidemic-free factory"; at the same time, the company has successfully completed a number of major national projects and the military's supply guarantee tasks, creating a single-month record high performance in March and April Operating performance increased by 5% year-on-year, and the company's revenue is expected to maintain a 30% growth throughout the year.   Mr. Gao said that the current epidemic prevention and control situation in Shanghai has achieved phased results, but the epidemic prevention and control is still severe, and the prevention and control work is in a critical period of continuous tackling. Always maintain perseverance and concentration. At the same time, relevant departments should understand and solve the actual difficulties of enterprises in a timely manner, and do a good job in service guarantee. Mr. Gao emphasized that enterprises should consolidate their main responsibilities, improve their awareness of epidemic prevention and control, implement site-by-division and classification management and control, do a good job in safety production and emergency response plans, and build a strong epidemic prevention safety wall.   During the investigation, the district leaders sent the company anti-epidemic materials such as traditional Chinese medicine instead of tea and drugs, fully recognized the company's work in epidemic prevention and control and resumption of work and production, and spoke highly of the company's performance against the trend in epidemic prevention and control.

Since the outbreak of the epidemic in Shanghai, Shanghai is currently facing the most severe and complex epidemic prevention and control test, and the protection of epidemic prevention materials is particularly important. Mr. Li Jiang (Executive Director of WAROM), personally mobilized various resources and channels to overcome difficulties and quickly raised a batch of medical protective clothing, isolation clothing, N95 masks, face shields, gloves, shoe covers and other anti-epidemic materials worth more than 300,000 yuan. On the 12th, Mr. Zheng Xiaorong (Secretary to the Chairman), on behalf of the company donated to the Xuhang Town People's Government, and on behalf of the company expressed high respect to the medical staff, government managers and volunteers on the front line of the anti-epidemic.   Shao Gang (the Mayor of Xuhang Town), on behalf of the Xuhang Town Government, expressed his appreciation for Warom's good deeds in demonstrating corporate responsibility during the epidemic, and said that these precious medical supplies have greatly alleviated the urgent needs of the town government. In addition, the company not only guaranteed the basic living needs of its employees, but also actively cooperated with the local government's needs for anti-epidemic living materials, and sent boxes of Shandong apples, Xinjiang fragrant pears, vegetables and other materials to nearby village committees, neighborhood committees and anti-epidemic volunteers. He expressed the company's deep condolences and care to the front-line epidemic prevention staff and volunteers fighting at the forefront. Every responsibility, for a better tomorrow! Every responsibility is full of hope!

WAROM TECHNOLOGY INCORPORATED COMPANY will participate in the 131st China Import and Export Fair, which will be held online on April 15-24, 2022, https://www.cantonfair.org.cn/zh-CN/shops/457126699516128?keyword=#/. WAROM participated in the lighting products exhibition area, there are more than 100 products to participate in the exhibition, there will be many interesting live broadcast interaction, welcome to join! Be Industry Pioneer ! Create World Famous Brand!    

During the special period, Warom also actively took up the responsibility of enterprise safety production while preventing and controlling the epidemic, so as to achieve both epidemic prevention and control and safe production. The epidemic is raging across the country, and the Warom marketing team has broken through many difficulties. Through video conference discussions, online remote assistance, on-site communication and coordination, and sticking to the post to follow up on key project nodes... No matter when and where, always pay attention to customer problems and problems. Demand, serve customers as soon as possible. In this special period, regardless of market, R&D, production or logistics, we will not stop work, stop production, stick to our posts, and do our best to fulfill customer delivery requirements. You can always trust Warom's strength. Due to the increasingly severe situation of epidemic prevention and control in Shanghai, the company is not allowed to arrange business trips unless it is necessary. Therefore, the technical service personnel stationed at the large project site set up a temporary special service team, and make a plan in advance according to the local epidemic prevention requirements. Wherever there is a need, go there rush. The epidemic has made everyone's work and life more difficult, but we have always forged ahead, made every effort to help our partners fight the "epidemic" and overcome difficulties, and "fight" with our partners.  

In March 2022, the stubborn new crown epidemic swept the world in the form of "Omicron", bringing the international metropolis "Shanghai" to the forefront. From the first closed management to now, all employees of Warom in Jiading, Shanghai have gone through a two-way parallel road of "consistent epidemic prevention and production" for a whole month. Facing the severe and complicated situation of epidemic prevention, Warom quickly launched the emergency plan, innovatively implemented the "epidemic" work method, and coordinated the work of epidemic prevention and control and production and operation. At the same time, Xuhang Town Government and Economic City put themselves in the shoes of enterprises to solve practical difficulties and provide strong support in terms of policies and resources. Since March 3, the company has strictly implemented the epidemic prevention requirements of Shanghai. Through measures such as plant closure and control management, it has paid close attention to all key links of prevention and control, consolidated the responsibility for epidemic prevention work, and built a safety wall for epidemic prevention. In order to create safe and good production and living conditions during the closed management period, the company actively reserves emergency supplies such as masks, disinfectants, commonly used medicines, food and fruits, toiletries, and quilts; The canteen provides three meals a day free of charge. The company tries to raise materials to ensure the supply of materials as much as possible, relieve the worries of the 1,700 employees who have stayed in the factory, and ensure stable and orderly production.  

Clear waters and lush mountains are invaluable assets. As a responsible and responsible listed company, Warom has actively implemented the five development concepts of "innovation, coordination, green, openness and sharing" over the years, and strived to practice corporate social responsibility, promote green manufacturing in an all-round way, build a green supply chain, and lead the new trend of "green" development in the explosion-proof industry.   Since being awarded the national "green factory" at the end of 2021, the company has recently passed the green enterprise evaluation certification for the conformity assessment of green supply chain and green packaging implementation units, adding a new "green" to Warom's exploration of green and high-quality development.   The certification and evaluation of green supply chain and green packaging requires enterprises to play their main responsibilities and use innovative environmental management methods to make resource utilization efficient, minimize environmental impact, green enterprises on the chain, and drive upstream and downstream enterprises to jointly improve resource utilization efficiency, to achieve green development.     As a core enterprise in the green supply chain, Warom takes the lead in exploring new paths for green supply chain management. The creation of "Green Supply Chain" will make the enterprises on the chain green and help green and low-carbon new development.    

Feb. 19th~20th, 2022, Warom Explosion-proof New Year Marketing Conference was grandly held in the company's intelligent conference hall. Mr. Li Jiang (the Executive Director of Warom), and more than 200 sales elites gathered together to review the challenges and outstanding achievements in the past year, look forward to 2022 and discuss the future development plan!   When reviewing the work in 2021, Mr. Li pointed out that in the past year, everyone worked together to cope with the major changes in the market environment. Through the forward-looking market strategy and scientific system operation management, the overall market order was operating well, and the promotion of the SCS Safety Engineering Intelligence Management Platform brought gratifying benefits, Warom achieved double growth in revenue and profit. The impressive results are very encouraging, and hoped that through this meeting, the company and developers can further unify their understanding, adjust their thinking, set sail again, and win better and greater results. Mr. Li explained the economic situation and market direction in the post-epidemic era one by one. At present, the country's economic situation is developing well, and the market demand is strong: traditional energy markets such as petroleum and chemical industry will continue to develop, and emerging markets such as nuclear power, photovoltaic, and wind energy will achieve rapid development. Policy orientations such as "Infrastructure" and "RCEP", as well as technological development such as automation, information, digitization, and intelligence, have unlimited potential market opportunities.Of course, market supervision will become increasingly standardized, business competition patterns will change significantly, and the rapid growth of peers will pose challenges and many other pressure factors. He hope everyone will turn pressure into motivation and open up the business expansion of Warom Panorama Market., ensure the continuous and steady growth of the company's performance, and win the battle in 2022 with all staff.   During the conference, Mr. Yang Yonghua (the Director of Domestic Trade Marketing), explain everyone about the general idea of domestic marketing work in 2022, market expansion indicators, sales strategies, and work priorities for detailed deployment.   Mr. Shen Chenjun (the Director of International Business Director), explained how to take advantage of Warom’s international advantages, deepen the Belt and Road Initiative, and develop "ordinary trade" and other foreign trade marketing strategies. Mr. Wang Yade (the Director of Technical Center), elaborated on the business development guidance of "SCS Safety Engineering Intelligence Management Platform " Wang Yang (the Director of Sales and Service center), announced the sales and service system to everyone, and made a detailed interpretation of the expansion of the military nuclear market.   Mr. Pan Dunjie (the Deputy Director of the Financial Center), make a further analysis of the financial risks and financial specification requirements in the marketing work.     At the conference, commend the advanced developers and outstanding salesmen who are determined to forge ahead in the marketing work in 2021. Mr. Hu Zhirong (the Chairman), Mr. Li Jiang and other leaders expressed their heartfelt congratulations to them.    Finally, Mr. Hu Zhirong made an inspirational speech. He said that 2022 is a year for Warom to reach a new starting and achieve a new leap forward. Hope that under the leadership of Mr. Li, everyone will focus on core business, maintain a high degree of sensitivity and continuous innovation, continuous to improve market competitiveness and market share. Keep our mind and mission, to make another contribution for the world's leading brand in the explosion-proof industry!      

Recently, the Shanghai Municipal Commission of Economy and Information Technology released the《List of the Third Batch of Service-Oriented Manufacturing Demonstration Enterprises in Shanghai》. There are 13 demonstration enterprises selected this time, and Warom shares are on the list, demonstrating Warom's transformation in service-oriented manufacturing. Play a leading role in the industry during construction.     Warom was selected for its supply chain management, customized services, only operation and maintenance services, R&D and design services. Warom independently developed the "Intelligent Design System for Non-standard Explosion-Proof Electrical Products - TDES System", through parameterization, scheme and independent individual configuration of various final product modular components, to achieve the highest level of customization at the lowest cost, fast Accurately meet customer needs.   Warom takes advantage of its strong resource integration capabilities and applies modern information technology to build a professional supply chain service, which promotes Warom's transformation and upgrading from traditional models to digitalization, and obtains better economic benefits based on service capabilities.   The strategic coordination service provided by Warom can directly integrate online business on the system platform of strategic customers, understand the needs of customers in real time, respond quickly, and negotiate and discuss technical parameters. Directly participate in the design, optimization and personalized configuration services of Warom products through strategic customers, and seamlessly connect with the company's management platform.   Warom actively promotes the integration of modern manufacturing and new technologies such as industrial big data, cloud computing, industrial Internet and artificial intelligence, and has achieved great development advantages in intelligent operation and maintenance professional services, laying a leading position in the industry.