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Chongqing Lisong Electromechanical Equipment Co., Ltd was founded in 1998 and located in Huaxi Industrial Park, Banan District, Chongqing, China, we are a professional manufacturing enterprise integrating the design, research and development, manufacturing and sales of complete sets of hydro turbine equipment and auxiliary sets. With the aim of " doing the first-class performance, doing the first-class quality, doing the first-class service", we have the independent ability to design, develop and manufacture the complete sets of water turbine generator equipment and auxiliary sets based on the water head from 2m to 1500m, turbine runner diameter from 0.5m to 5m, unit capacity from 0.5MW to 60MW. Lisong has his own unique insights into the design and research of pelton turbines, kaplan turbines and francis turbines, and has 15 national patents for pelton turbines, and has the ability to independently develop high-efficiency linearity of turbine runner and has a unique technical advantage in the development of turbine technology. In the course of 20 years, we have provided more than 380 sets of hydro rurbine generators set to more than 200 hydro power stations in domestic and overseas market with high praises from customers.
Lisong has an annual production capacity of $15 million dollor. The professional designers who are engaging in designing of turbines, generators, valves, and automation with high and middle-level professional titles use KMCAD, AutoCAD, 3D-UG, Solidworks computer-aided design system, and IDES structural finite element analysis software to design and analysis.
Lisong's operating income has been increasing year by year and is operating very well. Our company pays various taxes and fees on time every month, has no tax arrears records, and has been rated as a Class A taxpayer for many years. As of December 31, 2019, the company's total assets were $20 million dollor, total liabilities were 3.7 million dollor, owner's equity was 16.6 million dollor, monetary funds were 1.3 million dollor, and working capital was very sufficient. Lisong is on the way to steady growth.
Lisong is a professional supplier that provides customers with differentiated, high-performance, high-efficiency, and cost-effective solutions for power stations. According to the specific hydraulic design parameters and geographical conditions of the power station of customers, various types of hydro-generator equipment for targeted selection, design, and production have won high praise from customers. We firmly believe that the high degree of customer satisfaction and word of mouth are the best way to build the integrity and credibility of Lisong.
All the people in Lisong company are marching solidly along the road of mutual benefit, sincere cooperation and long-term common development with all partners.