Shandong Runyuan Industry Co., Ltd.

Founded in 1986, Shandong Runyuan Industry Co., Ltd. has 1,000 employees, among whom 15 are senior engineers, 96 are with bachelor degree and 895 are skilled technicians. We have 8 workshops, 9 division offices, and 3 institutes, in addition to an independent laboratory for product design and development. Our company specializes in large-sized agricultural equipment; including harvesters, corn reapers, and large-sized tractors, in addition to crankshafts and hydraulic oil cylinders. Owing to reasonable and complementary industrial structure, our products comply with the national industrial policy, enjoying national developmental support. Covering an area of 250,000 square meters, our floor area is 120,000 square meters. Equipped with more than 800 pieces of equipment for dozens of production lines, our total assets reaches up to USD28.85 million. Our company is one of Liaocheng City's 5513 Project Enterprises. Implementing the ISO9001 standards, the whole factory is under the management of ISO/TS16949 system. In 2005, our sales income was USD24.94 million, with the paid tax of USD2.923. For the first half year of 2006, our realized income was USD17.7, with the paid tax of USD2.4 million, which increased by 65.2% and 88.5% compared with the same period last year. We are a regular provider for domestic automobile manufacturers. Our products sell well in more than 20 provinces, cities, and municipalities. Some of these products have been exported to the USA, Japan, Africa, and Southeast Asia, welcomed by customers both at home and abroad. Adhering to the tenet of "Practice, Innovation, Cooperation and Development", we constantly strength our internal quality and external image to develop with efficiency. It is company's objective that before 2010, our annual output will reach 300,000 crankshafts, 20,000 sets of hydraulic oil cylinders, 5,000 pieces of combine harvesters and large-sized tractors respectively. Meanwhile, our target income is USD25.3 million, with the tax over 12.7 million.