In 1999, Guangrao Electric Power Bureau Equipment and Materials Firm was registered as an independent legal entity with registered capital of 500,000 yuan and Jiang Yuanzheng as the legal representative and general manager, carrying out independent accounting and contracted operation. It is in charge of the supply of 110 KV and the below volts equipment and materials which are purchased in line with Guangrao Power Company Bid Invitation Regulations. The company has 17 employees, including one manager, one deputy manager, four accountants, one clerk, four storekeepers and six sales persons under the material section and the power marketplace. Moreover, it is primarily responsible for the repair, construction, and production and maintenance supplies of its own bureau. Besides, it is going to exploit the markets of high and low voltage cables, transformers, meters, wire poles, short circuiters, iron products, electric power fittings, electric tools, explosion-proof materials, paints, chemicals, metal building materials, labor insurance articles, and other supplies.

　　Along with the further deepening of the power system reform and its development and expansion, the equipment and material management system of the company has been gradually perfected. Staff’s duties are all specified in a written form. And the storage and entering and delivery of various materials have been further improved in practice. Besides its responsibilities for the repair, construction, and production and maintenance supplies of its own bureau, other markets have been opened up. From its establishment till now, its economic growth is rapid. It has accomplished the material supply mission for the first batch of rural power grid renovation from 1999 to 2000. Its annual sales income of 2001 reached 18 million yuan with a profit of 1.05 million yuan. From 2002 to 2004 it completed the material supply for the second phase of the transformation of rural power grids and urban power grid renovation. Its sale income and benefit increase largely every year from the year of 2002. In 2004, the sales revenue was 64 million yuan with a profit of 1.65 million yuan. The 2005 total sales income was 68 million yuan with a net profit of 2.2 million yuan. In 2006, its sales income of the outside market reached 16 million yuan with profits and taxes over 110 million yuan. In 2007, the sales income of the outside market was 17 million yuan with profits and taxes over 110 million yuan. From January to April in 2008, its sales revenue hit 4.9 million yuan with a profit of 600,000 yuan. The sales revenue and profit have exceeded the proposed plan of the first half of this year.

　　In the renovation of its material warehouse in 2006, the company removed the original field tent and prepared a high standard storage site (2,800 square meters), on which it rebuilt 26 warehouses (1,100 square meters) according to national first-class standards and purchased 50 standard shelves. Various types of materials were classified. At the same time, computer management software has been adopted for warehouse management. Thus, the storage management system becomes complete and perfect gradually.