Incorporated in 2006, Nengfa Weiye Energy Technology Company Ltd.(NF Energy Technology) is wholy owned by NF Energy Saving Corporation, which became listed as NFEC on the NASDAQ Global Capital Market on 4th October 2010.
NFEC has its corporate headquarter located in Shenyang, the capital city of Liaoning Province and its manufacturing base in Lieling City, China. It is a leading provider of intelligent flow control systems and integrited energy efficiency improvement and emission reduction technology services. In addition, the company has also made progress as a green energy equipment manufacturer with great potentials.
NFEC designs, manufactures and supplies ultra-large sized intelligent flow control equipment and a variety of quality energy efficient technology products to domestic and foreign clients in large scale coal-fired, hydro,nuclear and wind power plants, petrolium and gas pipelines as well as water and heat supply industries.
With Energy Management Contract (EMC,also known as Energy Performance Contract EPC in western contries) as its core business model, NFEC offers technology consulting, ultimization design, production line retrofit, energy management and other professional services to major energy users in China’s power generation, steel making, petrochmical industries as well as municiple water supply and drainage public works.
NFEC owns over 1,000 units of machinery equipment, including 5 tons and 3 tons intermediate frequency electic arc furnaces, the 5,000 ton/year resin sand molding line, vertical and horizontal CNC machine tools of 10-meter, 8-meter and 5-meter capacities, Germany-made BFP160 boring machine, plasma cutting machine, 50mm shears etc. The NFEC production facility is also equipted with a full set of instruments for measurement,physical and chemical tests and mornitoring, plus the super flow detection line unique in China.
Striving for energy efficiency and emission reduction as its historical mission and collaborating closely with Northeastern University, Shengyang University of Technology, Dalian University of Technology and other institutes, NFEC has made remarkable achievements in R&D for innovative technology. The company has in possession intelledutal property rights over 11 utility patents and 2 invention patents and the company’s quality management enjoys the ISO9001 certificate. NFEC’s super sized smart flow control system is awarded as “Number One Energy Conservation Valve of China”.
The NFEC management team began its EMC endeavor as early as 1996 at the Liaoning ESCO company which was guided and supported by the World Bank, GEF and the Chinese government. In the course, the team has developed effective risk mitigation meassures, internal control procedures and strict ERP financial management system. The company proudly enjoys the reputation as “ the reliable energy doctor with effective solutions.”
Through developing and operating the EMC projects, NF Energy has developed its own profit making models, such as profit-sharing, guaranteed energy saving, assigned energy management, turn key construction and service-supported equipment sales. The win-win success of NF Energy business models has made the company one of the three anchor enterprises in the Chinese energy service industry.
Today, 145 energy efficiency projects implemented by the company’s management team are listed in the World Bank publication “ Energy Efficiency Best Practices by Chinese ESCOs”. NF Energy has become a leader in the Chinese energy service industry.
Guided by its sustainable and win-win development strategy, NF Energy has been growing successfully. The company’s assests have increased from $7.5 million in 2006 to $29.1 million in 2009, annual revenue rose from $5.3 million up to $20.3 million, and its net income from $0.8 million to $4.8 million respectively. NF Energy will continue to immplement its innovative business models and maintain a remarkable and steady growth of the company.
Spreading the eagle’s wings to fly high and daring to fetch stars in the sky, we, the people of NF Energy, will grasp the great opportunity in the Chinese energy service market and make our due contribution to the development of this emerging energy service industy. Yes, we will uphold the spirit of integrity and unity, and make full play of initiatives to innovate on technology and explore new path for business development. Yes, we will further enhance our production capability and market competitiveness and make the business of our customers grow as we grow. Yes, we will strengthen partnerships with companies at home and broad, and develop new ones for a greater future together.
The road for a green world is long, but we are determined to go on.
Our goal is to become a world-class developer and operator of energy efficiency projects with the best clean techonolgy and best service. Our passion is to fulfil this difficult mission. Yes, we can and we will.