Tianjin 707 Hi-tech Co., Ltd. (707 Hi-tech Company) is a new and high technology enterprise which was founded by the No.707 Research Institution of China Shipbuilding Corporation (CSIC) in 2001. The Company is mainly engaged in the research and manufacture of coating equipment, coating process, welding equipment and welding production line. The parent company China Shipbuilding Industry Co., Ltd. (601989) successfully went public in December 2009. The total registered capital of the company is 60.56 million yuan. The company has always been committed to provide the most advanced welding and coating equipment and services to a wide range of industrial customers such as automobile, shipment, aircraft and household appliance. Our products not only enjoy the high prestige on the domestic market, but also exported to tens of countries in Asia, Europe, Africa and South America. The annual sales is nearly 300 million yuan. The company has set up offices and service points in many different placed which has formed a national sales and services network.