Mission Statement, Vision, & Core Values (2026) of TBEA Co., Ltd.

Founded in 1993, TBEA Co., Ltd. has grown into a multinational powerhouse-operating 21 manufacturing industrial parks in China and 3 overseas bases-that reported approximately USD 5.3 billion in revenue in 2022 while earning a place among ENR's top 20 Chinese enterprises for six consecutive years; at the heart of its strategy are a mission to "equip China and the world" with green technology and efficient, reliable equipment, and a vision to be the "global reliable service supplier" delivering systematic energy solutions across Belt and Road and other international projects; those strategic ambitions are backed by concrete commitments-an investment of about ¥5 billion (~$740 million) by 2024 into renewables and storage, R&D spending around 6% of annual revenue, ISO 9001-certified quality with a 98.5% customer satisfaction rate in 2022, >85% customer confidence, 24-hour average response times, 100% regulatory compliance, an 18% reduction in GHG emissions versus 2021, a goal of 50% renewable energy use by 2030, and collaborative ties with 15 international partners that together define TBEA's core values of innovation, integrity, sustainability, quality, customer focus, and partnership.

TBEA Co., Ltd. (600089.SS) Intro

• Founded: 1993
• Headquarters: China (multinational operations)
• Primary businesses: power transformers, cables, solar power stations, aluminum ingots, transmission and renewable energy project development
• Manufacturing footprint: 21 industrial parks in China; 3 overseas bases
• 2022 Revenue: ≈ USD 5.3 billion
• Recognition: Listed among ENR's top 20 Chinese enterprises for six consecutive years

• Deliver reliable, high-efficiency electrical equipment and integrated energy solutions that support global electrification and the energy transition.
• Drive accessible clean energy deployment through modular solar and transmission project capabilities to reduce carbon intensity in power systems.

• Become a global leader in power equipment and renewable energy infrastructure by scaling manufacturing excellence, digitalization, and international project delivery.
• Achieve measurable contributions to carbon reduction via large-scale renewables and efficient transmission - positioning TBEA as a preferred partner for utilities and developers worldwide.

• Quality & Reliability: rigorous testing and standards across 21 industrial parks to ensure product longevity and grid safety.
• Innovation: continuous R&D investment in transformer efficiency, PV technology integration, and grid solutions.
• Sustainability: prioritizing clean energy projects and low-carbon manufacturing practices.
• Global Partnership: expanding overseas bases to strengthen local presence and project execution capability.
• Customer-Centricity: tailored solutions for utilities, EPC contractors, and industrial clients.

• Manufacturing optimization: leveraging 21 parks to reduce unit costs and improve lead times for large transformer orders.
• Project delivery: combining in-house PV, transformer and transmission capabilities to execute integrated renewable energy projects end-to-end.
• Investor transparency: publishing performance metrics and enterprise initiatives to support capital markets - see detailed financial review: Breaking Down TBEA Co., Ltd. Financial Health: Key Insights for Investors
• Reputation management: sustaining ENR recognition through quality, safety, and project-scale execution.

TBEA Co., Ltd. (600089.SS) - Overview

• Green technology & smart environmental protection: explicit focus on low-carbon solutions in generation, transmission and storage.
• Reliability & efficiency: product design and manufacturing targets high operational availability and lifecycle cost savings for customers.
• Global reach: active project delivery and exports across Asia, Africa, Latin America, and Central Asia.
• Strategic investment: announced plan to invest approximately ¥5 billion (~$740 million) by 2024 to expand renewable energy, storage, and smart-grid capabilities.

• R&D and technology: concentrated R&D in power electronics, HV transformers, inverter technology and battery management systems.
• Renewables integration: combined EPC and equipment supply chain to deliver utility-scale solar, wind and storage projects.
• Sustainability metrics: product lifecycles designed to reduce emissions and improve energy conversion efficiency.
• Market diversification: balancing domestic grid modernization projects with overseas EPC and equipment exports.

• Installed renewable capacity supplied (cumulative, MW): ongoing growth via PV and wind EPC contracts.
• Transformer production capacity (MVA/year): manufacturing scale to support domestic grid upgrades and exports.
• Energy storage deployments (MWh): ramping up with the ¥5 billion investment to integrate storage into renewables and grid services.

TBEA Co., Ltd. (600089.SS) - Mission Statement

• Deliver high-reliability products and lifecycle services to utilities, industrial customers and renewable projects worldwide.
• Provide systematic, integrated solutions spanning design, manufacturing, installation, commissioning and operation & maintenance (O&M).
• Support global energy transition through grid modernization, large-scale PV and energy storage integration, and smart-grid solutions.
• Create long-term value for shareholders while ensuring compliance, safety and ESG performance across operations.

• 'Global reliable service supplier' - scale and quality: TBEA has expanded operations across Asia, Africa, Latin America and Central Asia, with overseas project backlog and long-term O&M contracts accounting for a growing portion of order book value.
• 'Providing systematic solutions' - integrated offerings: beyond hardware (transformers, switchgear, inverters), TBEA bundles EPC, digital monitoring, predictive maintenance and financing to deliver turnkey outcomes for grid and generation customers.
• 'Global energy industry' - market scope: activities span transmission & distribution, utility-scale renewables, industrial electrification and emerging energy storage markets, aligning corporate strategy with global decarbonization trends.

• Large-scale overseas EPC contracts under the Belt and Road Initiative demonstrating capability to deliver cross-border grid projects and substations, contributing materially to international backlog.
• Deployment of integrated PV + storage solutions with bundled inverter supply and 10‑year O&M agreements, translating hardware sales into recurring service revenue.
• Investment in digital platforms enabling remote monitoring and predictive maintenance across transformer fleets, improving uptime and reducing total cost of ownership for customers.

TBEA Co., Ltd. (600089.SS) Vision Statement

• Deliver world-class power and electrical equipment solutions that enable global energy transition and industrial electrification.
• Create long-term value for stakeholders through technological leadership, operational excellence, and sustainable growth.

• To be a leading global provider of clean energy and power transmission systems, driving decarbonization and resilient energy infrastructure by 2035.
• To foster an innovation ecosystem that continuously improves efficiency, reliability, and accessibility of power systems for utilities and industrial customers worldwide.

• Innovation - Investing ~6% of annual revenue in R&D to accelerate product development, digitalization, and next-generation power electronics.
• Quality - Maintaining ISO 9001 certification and achieving a 98.5% customer satisfaction rate in 2022.
• Customer Satisfaction - Over 85% of customers report high confidence in TBEA's products and services; customer service averages a 24-hour response time.
• Integrity - Upholding transparent governance with a reported 100% compliance rate with industry regulations and ethical standards.
• Sustainability - Targeting 50% renewable energy use across operations by 2030 and having reduced greenhouse gas emissions by 18% versus 2021.
• Collaboration - Leveraging strategic alliances with 15 international partners to expand product offerings and global market reach.

• R&D allocation (6%) prioritizes high-efficiency transformers, grid-scale inverters, and smart-grid controls to capture demand from renewables and electrification projects.
• Quality and compliance underpin bidding competitiveness for utility-scale projects, reflected in high repeat-business rates and the 98.5% satisfaction metric.
• Sustainability targets (50% renewables by 2030; -18% GHG vs 2021) inform capital allocation to onsite renewables, energy-efficiency retrofits, and low-carbon supplier selection.
• Collaboration with 15 international partners expands technology transfer, local market access, and cross-border project execution capacity.