State Grid NARI Group Corporation

NARI Group Corporation (NARI) is the largest whole set supplier of electric power equipment in China and is an active player in the global power industry. NARI is dedicated to providing technologies, products, services and total solutions for customers in other fields like industrial control, energy, railway transportation etc.. Many years of vigorous efforts have brought NARI to be a world-class industrial group with over 17,000 engineers and technicians; achieving revenue over USD 5.7 billion by the end of 2016 with rich current flow (EBITDA is higher than 20%). With its headquarter located in Nanjing，NARI owns 23 branch companies and subsidiaries covering power system security and stability control, power grid automation, relay protection and power electronics, HVDC/FACTS, transmission and transformation equipment, power distribution and consumption management, information and communication technology (ICT), renewable energy, water conservancy and hydropower, industrial control etc.. Among them, there are 2 listed companies - NARI Technology and Zhixin Electric. promising good image in the Capital Market. In recent years, NARI accelerates overseas layout and develops international market, both making remarkable achievements. NARI has established 17 overseas subsidiaries and representative offices in Europe, Asia, South America and Africa such as Brazil Company and Indonesia Company. Our products have been exported to more than 90 countries and regions. Overseas contract value has increased from 97 million US dollars in 2011 to 620 million US dollars in 2016.