hisense rongsheng factory

Hisense Group is a Chinese multinational major appliance and electronics manufacturer headquartered in Qingdao, Shandong Province, China. Televisions are the main products of Hisense, and it is the largest TV manufacturer in China by market share since 2004.OEM, so some of its products are sold to other companies and carry brand names not related to Hisense.

Two major subsidiaries of Hisense Group are listed companies, Hisense Visual Technology (SSE: 600060)SEHK: 921, SZSE: 000921).state ownership of more than 30% via Hisense holding company

Hisense Group has more than 80,000 employees worldwide, as well as 14 industrial parks, some of which are located in Qingdao, Shunde, Huzhou, Czech Republic, South Africa and Mexico. There are also 18 R&D centers located in Qingdao, Shenzhen, the United States, Germany, Slovenia, Israel, and other countries.

Qingdao No.2 Radio Factory, the predecessor of Hisense Group, was established in September 1969;brand name Red Lantern, but the company later acquired the know-how to make TVs through a trial-production of black and white televisions ordered by the Shandong National Defense Office.

Color televisions were manufactured through the purchase of a production line from Matsushita,technology transfers from foreign firms Hisense has made in order to remain competitive. The companies it has bought from include Hitachi, Lucent, Matsushita, NEC, Sanyo, Toshiba, and Qualcomm.

The Hisense Group emerged in 1994publicly listed on the Shanghai Stock Exchange in April 1997.price wars in the Chinese electronics market in the 1990s were a boon to Hisense,

Eager to expand beyond consumer electronics, Hisense Group aimed to also become a regional leader in household appliances, computers and communications.

In July 2015, Hisense bought a Mexico facility from Sharp for $23.7 million alongside rights to use the Sharp brand on televisions sold in North and South America.

In May 2022, Hisense announced the launch of the company’s first 4K Fire TV. The TV has a 50-inch 60Hz display with a bezel-less design. It uses Hisense’s ULED technology and comes with support for Dolby vision HDR with Fire TV built in.

Hisense manufactures white goods, televisions, set-top boxes, digital TV broadcasting equipment, laptops, mobile phones, wireless modules, wireless PC cards and optical components for the telecommunications and data communications industries.

In June 2017, Hisense was sued by Sharp under its new owner Foxconn, seeking to have the license agreement halted. Sharp accused Hisense of damaging its brand equity by utilizing its trademarks on products it deemed to be "shoddily manufactured", including those that it believed to have violated U.S. safety standards for electromagnetic radiation, and deceptive advertising of their quality. Hisense denied that it engaged in these practices, and stated that it planned to defend itself in court and "will continue to manufacture and sell quality televisions under the Sharp licensed brands."

Hisense-Hitachi Air-conditioning System Co Ltd was established in 2003 as a joint venture between Hitachi and Hisense, Hisense-Hitachi Air-conditioning System Co Ltd is an air-conditioner company that sells under the brand names "Hisense-Hitachi" and "Hitachi". It designs, manufactures and markets its products, which include commercial and household central air-conditioning systems, in China. Hisense-Hitachi products are also sold in Japan. It operates a commercial air-con production facility in the Hisense Information Industrial Park.

Hisense Air Conditioning Co Ltd is a subsidiary set up in the Hisense Pingdu Home Appliance Industrial Park in Pingdu, China, in 1996 to produce air-conditioners using frequency conversion air-conditioner technology purchased from Sanyo.

Hisense-Whirlpool (Zhejiang) Electric Appliances Co Ltd is a joint venture between Hisense Kelon and Whirlpool formed in 2008 for the development and production of washing machines and refrigerators,Huzhou, Zhejiang province, which manufactures washing machines and large capacity refrigerators.

Hisense (Shandong) Information Technology Co Ltd was created in 2001 and located in Jinan, Shandong province, this subsidiary is responsible for infrastructure-use IT. It develops and markets security technology and intelligent traffic control products and their software.

Hisense Intelligent Commercial Equipment Co Ltd was founded in 1989, this subsidiary manufactures, designs, markets and services POS terminal, electronic cash registers and other specialized peripheral equipment for retailing, tax monitoring and finance.

Hisense Mobile Communications Technology Co Ltd was created in 2005, Hisense Mobile Communications Technology Co Ltd has its roots in the Hisense Mobile Communications Research Institute, an R&D team created in 2000.terminals.

Hisense Optics Co Ltd was established in 1996, Hisense Optics has its roots in Qingdao Camera Co, a former subsidiary of Qingdao Electric Instrument Bureau, which in 1995 was facing bankruptcy when the government of Qingdao erased its debts and gave its assets to the Hisense Group who renamed it Hisense Optics.

Hisense Optoelectronics Technology Co Ltd was created as a joint venture between Hisense, Ligent Photonics Inc, et al. in 2003 this subsidiary develops fiber optic products. Its R&D facilities are located in Chicago and Qingdao, and it has a production base in latter location.

Hisense USA Co is a Georgia-based subsidiary responsible for some activities in the US, Hisense USA may distribute products to retailers or establish an R&D center.Gwinnett, Suwanee, and unincorporated Gwinnett County, Georgia.

Ligent Photonics Inc was established in 2002 as a joint venture with Hisense, this subsidiary designs, develops and fabricates optical components for the telecommunications and data communications industries.Illinois headquarters and manufactured in China.

Qingdao Hisense Communications Co Ltd is a subsidiary manufactures mobile phones and operates an R&D facility.Qualcomm and operates a mobile phone production base in a Hisense IT Industrial Park 90 minutes from Qingdao.Qualcomm"s biomimetic screen technology, Mirasol,

Qingdao Hisense Network Technology Co Ltd was established in 2004, this subsidiary grew out of an internal Hisense department, the Information Technology Center and provides IT consultancy services.

Qingdao Hisense Property Management Co Ltd provides property management services, as well as product design, mold design, pattern making and mold processing and manufacturing through this subsidiary.

Qingdao Hisense Real Estate Co Ltd was created in 1995, this subsidiary has more than 40 completed developments in Shandong province, including residential buildings, apartments, villas, townhouses, office buildings and large industrial parks.

Wuhu Ecan Motors Co Ltd is a joint venture between Guangdong Kelon (Rongsheng) Co Ltd, Xiwenjin Co Ltd and Luminous Industrial Ltd, this company produces electric motors for the information industry and for use in office automation.

Hisense Guangdong Multimedia Industrial Base was put into operation on 28 September 2007, this industrial base produces flat panel TVsShunde District of the city of Foshan, Guangdong.

Hisense Yellow Island Information Product Manufacturing Park was encompassing over 200 acres (0.81 km2), Hisense Yellow Island Information Product Manufacturing Park is one of the twelve industrial parks owned by Hisense

Huzhou production base is a Hisense inverter-type/variable-frequency air-conditioner production base is located in Huzhou, Zhejiang, and was set up on 8 May 2005.mu of land.

Hisense Whirlpool (Huzhou) Household Appliances Industrial Park is a production base that manufactures washing machines and refrigerators for a joint venture with Whirlpool is situated at this Huzhou park.

In July 2008, Hisense entered into an agreement with Melbourne & Olympic Parks allowing them six-year naming rights to Hisense Arena, a Melbournebasketball, netball, dance sports, cycling, gymnastics and tennis.Melbourne Arena.

In China, Hisense has begun a relationship with the Beihang University (Beijing University of Aeronautics and Astronautics) to set up an engineering postgraduate program approved by the Ministry of Education and a collaboration with Peking University to set up an MBA remote education program.

Hisense has announced its global partnership deal with the Union of European Football Associations (UEFA) for Men"s National Team Football competitions ahead of the UEFA Euro 2020.

Hisense has become an official sponsor of the FIFA World Cup, starting in the 2018 tournament in Russia and continuing to the next tournament in Qatar. Hisense also engages in various global marketing and advertising activities for both the 2017 FIFA Confederations Cup and the 2018 FIFA World Cup.

In March 2020, Hisense announced that they had entered into a three-year agreement to be a major sponsor of the NRL, in a deal than spans the NRL Telstra Premiership, State of Origin and NRL TV. Hisense has also been given the naming rights to Thursday Night Football as part of the agreement.

BENTON HARBOR, Mich., July 15, 2009 /PRNewswire-FirstCall/ – Whirlpool Corporation (NYSE:WHR) , the world’s leading home appliance manufacturer, and Hisense Kelon, one of the leading electronic and home appliance companies in China, today inaugurated their joint venture manufacturing facility, which will produce world-class, innovative refrigerators and washing machines for the Chinese and export markets.

In April 2008, Whirlpool Corporation and Hisense Kelon formed a 50-50 joint venture located in the ChangXing Economic Development Zone in Huzhou in the ZheJiang Province. The company will manufacture high-end, multi-door refrigerators, as well as top- and front-load washers under the Whirlpool, Hisense and Rongsheng brands.

As part of this joint venture, both Whirlpool and Hisense also will share research, technology, procurement and development resources, enabling the full leverage and synergy of two leading home appliance companies in the highly competitive Chinese market. Whirlpool Corporation and Hisense Kelon also have equal investment and management responsibilities.

“The successful completion of this important phase of our joint venture with Whirlpool Corporation is a strong indicator of the firm foundation and sustainability of this partnership,” said Mr. Zhou Hou Jian, chairman of Hisense Group. “Whirlpool provides innovative, customer-oriented solutions delivered by leading technological and engineering expertise, and good quality products, all of which complement Hisense s business philosophy, culture and global business objectives to be among the top home appliance manufacturers.”

Both companies agree that in the current global appliance industry, the manufacturers’ ability to succeed and grow is rooted in their innovative brands, product quality and technology. Hisense has overseas research and development centers in Europe, South Africa and the United States, as well as domestic research centers in Qingdao, Beijing, Shunde and Shenzhen.

Hisense-Kelon Electrical Holdings Co. Ltd. is a large electronics and information industry unit with Hisense Company Limited as its main investor. It has business in household appliances, telecommunications, information, real estate and commerce in succession. Hisense established more than 20 companies at home and abroad with net assets totaling 5.8 billion (RMB). Hisense has more than 200 sales companies and more than 10,000 service outlets across China. Around the world, Hisense has production bases in South Africa, Hungary, France, Pakistan and sales offices in the United States, Europe, Australia and Japan . The products are exported to about 100 countries and regions including Europe, Americas, South Asia, and Africa.

[Global Network Technology Comprehensive Report] On September 15th, UNDP officially praised Hisense Rongsheng Refrigerator by name, saying that its replacement and upgrade in refrigerator production foaming technology has driven China’s ice cold industry to low-carbon and environmentally friendly Direction development.

As the executive unit of this project, Hisense Rongsheng Refrigerator has always paid attention to the energy-saving and emission reduction of the complete product and manufacturing process of household refrigerators, and actively assumes corresponding social responsibilities to set an example for the industry. In the 1990s, it was the first refrigerator company in China to receive funding from the United Nations Multilateral Fund to replace CFC-11 with cyclopentane.

The United Nations Development Programme stated in its official document that the "Hisense HFC-245fa Reduction Demonstration Project" has spread non-HFCs foaming technology and processes in China"s household, industrial and commercial refrigeration industries, and accumulated technology conversion to replace HFCs. Experience, which drives the entire industry to reduce HFC-245fa.

As the first batch of green supply chain management demonstration enterprises of the Ministry of Industry and Information Technology, Hisense Rongsheng Refrigerator is actively promoting green design and green manufacturing, starting from the whole life cycle process of refrigerator products, starting from design, production, logistics, recycling and processing. Cooperate with upstream and downstream companies to carry out research and design of low-carbon refrigerators, improve the green quality of products, and help the transformation and upgrading of the home appliance industry.

Who makes Hisense TVs: Hisense TVs are manufactured by the Hisense Group, a large corporation that makes both TVs and electronics and home appliances. According to Wikipedia, Hisense has 14 industrial parks. According to Chinese sources, as of 2022, Hisense has 20 subsidiaries in China, according to Hisense, they have 17 industrial parks in the world and 16 R&D centers as of 2022, of course, it is best to believe the official Hisense website. Given current development and merger opportunities, this is quite possible. These factories assemble a variety of electronics and home appliances.

If we analyze the various websites of Hisense, the models of TVs produced by Hisense differ from region to region. And this shows that Hisense, we hope, is still in the process of maturing, there is no unified approach to TV production. Regional divisions of the company independently create TVs in their region, or the second option, the development of TV models for a particular region. As a result in Australia we have some TV models, in the U.S. they are quite different, and in Europe we have our own models.

Since Hisense not only makes TVs but also other home appliances, there are quite a few brands owned by Hisense. Hisense owns or licenses the following brands

HITACHI: Qingdao Hisense Hitachi Air Conditioning System Co., Ltd. was founded on January 8, 2003. It was jointly invested by Hisense Group and Johnson Controls Hitachi Air Conditioning in Qingdao.

SANDEN: Sanden Holding Co., Ltd. was founded in 1943. Its main business is the manufacture and sale of automotive compressors, automotive air conditioning systems and other automotive equipment. Hisense Group completed the transaction with Sanden Holdings on May 31, 2021.

Juhaohao:Hisense Group, a home Internet company, was founded in July 2016 and aims to provide the best stage services for families across the country.

Hisense began as an OEM manufacturer, custom TV sets were assembled under third-party brands, in early 2000 Hisense began to assemble TV sets under its own brand. Then Hisense began to acquire various companies, first in China and then in other continents. The most significant acquisitions were Sharp’s TV business in North America, including a factory in Mexico. Later, after disputes and lawsuits by Sharp(Sharp claimed that the televisions it produced were of poor quality, and this affected the overall attitude toward the Sharp brand), an agreement was reached to cease production of Hisense televisions with the Sharp brand beginning in 2019. Also of note was the purchase of Toshiba‘s visual solutions division. But the fate of the Toshiba brand is still unknown, as Toshiba had previously licensed the TV brand to other manufacturers such as Compal in North America and Vestel in Europe. According to Toshiba, TVs will be produced by these companies until the license expires, it is also possible to revise the license terms, it can be understood that if an agreement is reached with Hisense, the licensing terms may be renegotiated. But it is likely that when buying Toshiba, Hisense needs it to get advanced technology, these nuances will be negotiated. But they will not be widely advertised, so as not to scare the buyer, the buyer does not need to know thatToshiba TVs are not made byToshiba, but by some Vestel and Hisense.

The TVs are made from components manufactured in China at Hisense factories, with some components also purchased from other Chinese manufacturers. The televisions themselves are assembled in Hisense-owned assembly plants around the world. This is done to minimize taxes on imports of finished TVs. Hisense assembles its televisions at the following plants.

The components for the TVs are both manufactured by Hisense itself and purchased from other Chinese manufacturers. Screens are also purchased from third-party manufacturers, but Hisense does not say who the screen supplier is. Although there are only a few major screen manufacturers Samsung (which will stop producing standard LED screens from 2021), LG, BOE, AUO, Sharp. But if you believe the Chinese sites, the main supplier of screens for Hisense TVs, is the Taiwanese company Chi Mei Corporation (InnoLux Corporation) and AUO (AU Optronics).

In recent years, especially after the acquisition of the Toshiba division, the quality of TVs has improved. But I, for example, am very confused by the lack of a uniform policy of assigning TV model numbers. In each country, TVs are offered with completely different model numbers. In my opinion, the reason may be that the televisions come with different accessories. Also, I don’t like the published advertising by Hisense, in the form of ULED screens that are superior to OLED, it just can’t be.

Shares: 0Mr. duan yuebin: born in 1981, with a bachelor"s degree, has successively served as the general manager of hisense (shandong) refrigerator co., ltd. he is now the chairman of qingdao hisense air conditioning co., ltd. and the chairman and president of hisense home appliance group co., ltd.

Shares: 624K SharesMr. Tang Yeguo: Chinese nationality. He has served as chief accountant, deputy general manager, general manager and director of Qingdao Hisense Electric Co., Ltd. From August 2003 to September 2005, he served as assistant to the president and vice president of Hisense Group Co., Ltd., and general manager and chairman of Qingdao Hisense Air Conditioning Co., Ltd. From September 2005 to June 2006, he served as the chairman of Qingdao Hisense Air Conditioning Co., Ltd., the director of Qingdao Hisense Electric Co., Ltd., and the president of the company. From June 2006 to April 2010, he served as vice president of Hisense Group Co., Ltd., chairman of Qingdao Hisense Air Conditioning Co., Ltd., and chairman of the company. From April 2010 to now, he has been the director and vice president of Hisense Group Co., Ltd., the chairman of Qingdao Hisense Air Conditioning Co., Ltd., and the chairman of the company. On March 5, 2020, he resigned as president of Hisense Appliance Group Co., Ltd

Shares: -Mr. Liu Hongxin: he has successively served as general manager of Xi"an Branch of Qingdao Hisense Electric Co., Ltd., general manager of Zhengzhou branch, general manager of Guiyang Hisense Electronic Co., Ltd., deputy general manager of Qingdao Hisense Electric Co., Ltd. and general manager of marketing company. From January 24, 2006 to November 4, 2014, he served as the general manager of Qingdao Hisense Electric Co., Ltd., and the director of Qingdao Hisense Electric Co., Ltd. since June 30, 2006.

Shares: 52K SharesMr. Wang Yunli has served successively as the deputy general manager of marketing of Qingdao Hisense Electric Appliance Co., Ltd. and the executive deputy general manager of the company"s domestic marketing company. From December 2010 to January 2012, he served as the vice president and general manager of the company"s domestic marketing company. From February 2012 to March 2014, he served as vice president of the company and deputy general manager of Hisense Rongsheng (Guangdong) refrigerator Co., Ltd. From March 2014 to July 2015, he served as deputy general manager of Hisense Rongsheng (Guangdong) refrigerator Co., Ltd. From July 2015 to December 2015, he served as deputy director of Marketing Management Department of Hisense Group Co., Ltd. From January 2016 to may 2016, he served as the general manager of Hisense (Shandong) Air Conditioning Co., Ltd. From May 2016 to June 2016, he served as the vice president of the company. He has been the director and vice president of the company since June 2016.

Shares: 0Mr. Duan yuebin, Bachelor of engineering. Mr. Duan was the assistant to the general manager of Hisense (Beijing) Electric Appliance Co., Ltd., and the assistant general manager and deputy general manager of Hisense Rongsheng (Yangzhou) refrigerator Co., Ltd. From July 2014 to January 2016, Mr. Duan served as the deputy general manager of the manufacturing center of Hisense (Shandong) refrigerator Co., Ltd. ("Hisense Shandong refrigerator"). From January 2016 to January 2017, Mr. Duan served as the general manager assistant of Hisense Shandong refrigerator. From January 2017 to June 2018, Mr. Duan was promoted to deputy general manager of Hisense Shandong refrigerator. From July 2018 to January 2019, Mr. Duan was further promoted to the executive deputy general manager of Hisense Shandong refrigerator. Mr. Duan has been the general manager of Hisense Shandong refrigerator since January 2019. From March 5, 2020 to now, he has been the president of Hisense Home Appliance Group Co., Ltd. and has been the executive director of Hisense Home Appliance Group Co., Ltd. on June 23, 2020.

Shares: 0Mr. dai huizhong, born in 1966, chinese nationality, bachelor"s degree, has successively served as general manager and president of qingdao hisense electric co., ltd. at present, he is the senior vice president of hisense group holding co., ltd., the director of hisense video technology co., ltd., and the director of the company.

Shares: 0Mr. lin lan: born in 1958, chinese nationality, doctor"s degree, senior engineer. he has successively served as the vice president of the company. now he is the director of hisense group holding co., ltd., the director of hisense video technology co., ltd., and the director of the company.

Shares: -Mr. xia zhangzhuo: bachelor degree, senior engineer, senior engineer of huawei technology co., ltd., director, general manager assistant and deputy general manager of r & d center of qingdao hisense media network technology co., ltd. from september 2016 to january 2021, he served as deputy general manager of jumei technology co., ltd. since january 2021, he has been the general manager of the company"s home appliance r & d center.

Shares: 404K SharesMr. jia shaoqian, born in june 1972, chinese nationality, master"s degree, has served as vice president and president of the company. at present, he is the director and president of hisense group holding co., ltd., the director of qingdao hisense air conditioning co., ltd., and the director of the company.

Shares: 624K SharesMr. Tang Yeguo: Chinese nationality. He has served as chief accountant, deputy general manager, general manager and director of Qingdao Hisense Electric Co., Ltd. From August 2003 to September 2005, he served as assistant to the president and vice president of Hisense Group Co., Ltd., and general manager and chairman of Qingdao Hisense Air Conditioning Co., Ltd. From September 2005 to June 2006, he served as the chairman of Qingdao Hisense Air Conditioning Co., Ltd., the director of Qingdao Hisense Electric Co., Ltd., and the president of the company. From June 2006 to April 2010, he served as vice president of Hisense Group Co., Ltd., chairman of Qingdao Hisense Air Conditioning Co., Ltd., and chairman of the company. From April 2010 to now, he has been the director and vice president of Hisense Group Co., Ltd., the chairman of Qingdao Hisense Air Conditioning Co., Ltd., and the chairman of the company. On March 5, 2020, he resigned as president of Hisense Appliance Group Co., Ltd

Shares: 0Mr. fei licheng: bachelor degree. he has successively served as the director of qingdao tv factory, general manager of qingdao micro motor factory, deputy general manager of qingdao hisense digital audio and video co., ltd., and general manager of qingdao hisense mould co., ltd. he is now the director of qingdao hisense air conditioning co., ltd., the director of the company and the general manager of qingdao hisense hitachi air conditioning system co., ltd.

Shares: 0Mr. ma jinquan, born in 1943, chinese nationality, bachelor"s degree, senior engineer, has successively served as executive deputy director of shaanxi color picture tube general factory, executive deputy general manager of rainbow group company, director of huanghe machinery manufacturing factory, chairman and general manager of huanghe electromechanical co., ltd., director and general manager of rainbow group company, and external director of panzhihua iron and steel (group) company, independent director of china xidian electric co., ltd., qingdao hisense electric co., ltd., and xi"an future international information co., ltd. (listed in the new third edition). he is currently an independent non-executive director of the company.

Shares: 0Mr. zhong gengshen: born in 1961, cpc member, chinese nationality, doctor degree, professor, postgraduate supervisor, associate professor, research direction is strategic management. he has been a lecturer in school of management, shandong university, an associate professor in school of economics and an associate professor in school of management. at present, he is a professor and postgraduate supervisor of school of management of shandong university, director of management case center of shandong university, director of mba program, executive director of china enterprise management research association, member of shandong enterprise credit rating expert committee of people"s bank of china, secretary general of shandong comparative management research association, and independent director of hisense appliance group co., ltd, he is an independent director of shandong publishing media co., ltd. and an independent director of yishui agricultural commercial bank co., ltd.

Shares: 624K SharesMr. Tang Yeguo: Chinese nationality. He has served as chief accountant, deputy general manager, general manager and director of Qingdao Hisense Electric Co., Ltd. From August 2003 to September 2005, he served as assistant to the president and vice president of Hisense Group Co., Ltd., and general manager and chairman of Qingdao Hisense Air Conditioning Co., Ltd. From September 2005 to June 2006, he served as the chairman of Qingdao Hisense Air Conditioning Co., Ltd., the director of Qingdao Hisense Electric Co., Ltd., and the president of the company. From June 2006 to April 2010, he served as vice president of Hisense Group Co., Ltd., chairman of Qingdao Hisense Air Conditioning Co., Ltd., and chairman of the company. From April 2010 to now, he has been the director and vice president of Hisense Group Co., Ltd., the chairman of Qingdao Hisense Air Conditioning Co., Ltd., and the chairman of the company. On March 5, 2020, he resigned as president of Hisense Appliance Group Co., Ltd

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Hisense Group was Qingdao Radio Plant before, producing transistor radios by only dozen people at the beginning, and then producing the 501-type transistor desktop radio. In August 1970, Qingdao Radio Plant II developed the first tube-type television 14 inches in Shandong Province, setting a precedent in Hisense’s involvement in TV. By 2008, Hisense’s first 42 inches ultra-thin LED backlit LCD TV TML42T08GP officially listed, declaring the arrival of the Chinese LED LCD TV era. In 1995, Hisense Technology Research Center (corporation) was set up, laying a solid foundation for the development model of industrial technology incubator; and in July 1995, Hisense Research Institute upgraded to National Technology Research Center. Then in 2000, Hisense officially launched the new VI system, proposing the corporate philosophy that “technology is the root, talent is the trunk, and innovation is the soul”.

In 2001, Hisense developed China’s first color screen phone C2101. In 2002, Hisense acquired Beijing Snowflake refrigerator factory and found Hisense Hitachi Air Conditioning Systems Co. Ltd. with a joint venture with Japan’s Hitachi. By 2005, China’s leading independent intellectual property of industrial digital video processing chip―Hiview was born in Hisense, which means the history of Chinese color TV sets with annual output of 73 million using foreign chips is about to end. Premier Wen Jiabao highly appreciated Hisense for its good independent research and innovation tradition, and writing an inscription for it: “it’s based on independent R&D development and technological innovation, that the enterprises have vitality; it’s because of the independent intellectual property rights and core technology, that the enterprises become competitive”. It is in that year, Kelon and Hisense signed a share transfer agreement, Hisense acquired Kelon with the final bid of 680 million Yuan. So far, Hisense has listed companies of Hisense and Kelon in Shanghai, Shenzhen, Hong Kong, and three well- known trademarks of Hisense, Kelon, and Rongsheng.

From the point of view of Hisense innovation system, Hisense has owned seven R&D centers, namely Qingdao R&D Center Headquarters, Hisense R&D Center in Shunde, Shenzhen R&D Center, Canada R&D Center, the US R&D Center, European R&D Center, the United States Fibre Communications R&D Center, which have established relatively perfect platforms for research and innovation system, including the applied research center (key laboratory of digital multimedia technology for the state, etc.), product development center, industrial design center, user experience evaluation center, testing center, intellectual property management center, data center, exchange center of technical training and international cooperation, post-doctoral research station, etc., responsible for developing the core technology of industry and front-end technology, development of new products and industrial upgrading, as well as the product structure adjustment. There are more than 3,800 full-time R&D personnel, including more than 80 senior experts and doctors, more than 1200 masters, more than 90% of R&D staff are young people under 40 years old. Hisense pays attention to R&D investment, its annual investment in scientific and technological activities accounts for more than 5% of sales revenues, which have created favorable conditions for the updating and development of knowledge of R&D personnel. The annual training fees are almost tens of millions Yuan. Nearly a decade, the national science and technology projects for which Hisense are responsible are almost a hundred, wherein two 973 projects, seven 863 projects and six major science and technology projects; it hosted and participated in revision of 15 international standards and 225 national and industrial technology standards, which have been enacted nine international standards, 89 national and industry technical standards; total patent applications are nearly nine thousand, 2500 applications for invention patents included; national, provincial and municipal major science and technology awards 117. Hisense was named as the first “innovation-oriented enterprises” by China Science and Technology, SASAC and ACFTU.

From the current development of Hisense, we can see that sustained development of comparative advantage of Hisense has laid a foundation for Hisense’s acquisition of Beijing Snowflake, Kelon and Rongsheng, which also reflects the comparative disadvantage of electric R&D among snowflake refrigerator, Kelon and Rongsheng. And we still find that the revenues of Hisense R&D keep rising while the marginal costs of R&D reducing, and thus Hisense has become larger and larger, stronger and stronger, and Kelon and Rongsheng Electric also survive after being acquired.

First, pay attention to the construction of technical trading information platform, creating an efficient platform for technology or intellectual property transactions, fully sharing information between supply and demand to reduce market searching and transaction costs, improving transaction efficiency between enterprises. IPR Patent Pools are currently established in some areas, as well as technical trading exhibition, which are both specific forms for all technical trading platforms. Second, continue to encourage strong enterprises to improve their independent ability of R&D, paying attention to the protection of intellectual property, and creating a good environment for protection of intellectual property. Raise the cost of intellectual property violations through government measures, protecting the interests of main R&D, especially conceptual design, pilot, “intermediate product” produced during medium pilot in the development process, as well as property rights of knowledge, technology materialized value, piloting subsidies and incentives for key technologies, such as Geely and Hisense mentioned in this article, so that the whole social enterprises will be able to coordinate and share the R&D interests.