Pinggao Group smart Electric Co., Ltd. is a wholly-owned subsidiary of Pinggao Group Co., Ltd., a member of china Electric Equipment Group Co., Ltd. Established in 2002, the company covers an area of approximately 12,000 square meters, with total assets of 612 million RMB and registered capital of 100.01 million RMB. It currently has 136 employees. After more than 20 years of development, Smart Electric has gradually formed a business layout centered on distribution transformers, primary and secondary integrated pole-mounted complete switchgear, comprehensive power quality management and photovoltaic new energy. its products maintain a leading market share in the domestic industry, with the technical level of its main products reaching the domestic leading level. The business covers more than 30 provinces, municipalities and autonomous regions including Beijing, Henan, Jiangsu, and Zhejiang, Smart Electric adheres to the concept of "green, low-carbon, energy-saving, environmentally friendly, intelligent, and IoT-connected," places great emphasis on techno-logical innovation, and its independently developed "Key Technology, Series Equipment and Engineering Application of On-load Capacity and Voltage Regulating Distribution Transformers" once won the "First Prize of china Machinery Industry Science and Technology Award," while the "New Type Group-switched High-voltage Automatic Reactive Power Compensation Device" won the "First Prize of Henan Province Industry and information Technology Scientific and Technological Achievement Award."

The main business of smart Electric is divided into three segments: the first is the distribution transformer business, covering 35kV and below voltage level oil-immersed transformers, dry-type transformers, and prefabricated substation series products; the second is the distribution switchgear business, covering high- and low-voltage complete switchgear, ring main units, pole-mounted circuit breakers, and other series products: the third is the distribution automation business covering online monitoring equipment, distribution automation terminals, integrated distribution terminals, Primary-secondary integrated Pole-mounted Circuit Breaker, power quality management devices, and other series products. The performance indicators of all products have reached the leading level in China.