CertifiedBusiness Type: Manufacturer/Factory & Trading Company CertifiedCustomization Options: Customization from Designs, Minor Customization CertifiedExport Year: 1 year CertifiedNearest Port: Qingdao PortAverage Response Time: ≤18h CertifiedTerms of Payment: LC, T/T, D/P, etc.
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SummaryThe supplier, Hengfeng, is involved in technology development and sales of power-related and electronic equipment. Despite investing 20% of profits into R&D, the company has shown no new product development in the past year and lacks ODM and OEM capabilities. They have effective procedures for supplier service capability and customer complaints management. Financial data is up-to-date but lacks specific detail. Production capability includes two production lines with exports making up 31% to 40% of sales, primarily to South America and Southeast Asia. The company performs regular fire drills but lacks an environmental impact assessment report.
Supplier typeThe supplier's business scope includes R&D in energy-saving technology, sales of electronic and power equipment, and technology import/export.
After-Sales capabilityThe supplier has written procedures and records for handling customer complaints and supplier service capability.
R&D capabilityDespite a significant investment in R&D, there were no new products developed in the past year. ODM services are not provided.
Production capacityThe supplier operates two production lines with an annual output of US$5-10 million and exports primarily to South America and Southeast Asia.
Customization capabilityCustomization services are limited to minor adjustments and designs without ODM or OEM services for popular brands.
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