Based on the development plan of Shanghai Electric Group Co., Ltd. in the field of intelligent manufacturing, in order to speed up the cultivation of the group's intelligent manufacturing integration ability and accelerate the transformation of technological achievements, Shanghai Electric and Shanghai HVisions Engineering Technology Co., Ltd. cooperate to establish a joint venture company with cash contribution to jointly carry out projects and integration service on automation, informatization and intelligent work, and provide integrated system solutions and intelligent equipment products.

Shanghai HVisions is a leading industrial application software enterprise in China, which provides professional industry solutions with its independently developed industrial application software products as the core. The founders and most of the core members are from Rockwell, Schneider and other industry-leading enterprises, and the core members have 10-20 years of industry experience. HVisions has made a number of mature software products, including MOQ1(minimum order quantity) customized production software, automatic inspection software, line level MES (Manufacturing Execution System), etc. These products have covered leading customers in FMCG, medicine, tobacco, automobile and surrounding industries, municipal, aviation and other industries. With a first-class technical team, an experienced engineering service team, a product development team and an efficient company management system, HVisions has been trusted in the market by continuously improving its local R & D and innovation capabilities through continuous investment and optimization.

Intelligent manufacturing is the key strategic development area of Shanghai Electric. As the technology R & D and Incubation Platform of Shanghai Electric, Shanghai Electric Central Research Institute (hereinafter referred to as "the Research Institute") has formed a number of technological achievements in the field of intelligent manufacturing, and has certain R & D capabilities, and is in the critical stage of technology incubation. However, the technological achievements formed at this stage generally lack market application scenarios. HVisions focuses on the development and sales of application software products driven by information technology, and provides products and services with software as the core. It has rich industry experience and industrial software application cases in the fields of FMCG, aviation, municipal administration, etc. However, as a technology-based private enterprise, it does not have the ability to undertake the intelligent system integration project of software and hardware integration at this stage, and it also holds that Limited R & D capacity and resources.

The establishment of the joint venture company of Shanghai Electric HVisions will fully combine the brand effect, R & D ability, industry resources and industry experience of Shanghai Electric to achieve complementary advantages. The company will focus on fast moving consumer goods, medical inspection assembly line, environmental protection automation, aviation automation and other fields to jointly carry out information and intelligent system integration services, and provide integrated solutions and intelligent equipment products.

The development direction of the company is to provide intelligent manufacturing system solutions as the core competitiveness, to research and develop intelligent manufacturing equipment as the core product, to provide one-stop services related to system solutions, such as consulting, design, operation and maintenance management, to become the overall system solution leader in fast moving consumer goods, medical inspection assembly line, environmental protection automation, aviation automation and other industries.