Shanghai Hongyuan Lighting & Electric Equipment Company Ltd., founded in 1989, and operating for 24 years up to now, is a large-scale enterprise dedicated to researching, developing, producing, and selling induction lamps. Over the past 24 years, Hongyuan has gained hundreds of awards. It won the glory of Shanghai Top 100 Enterprise and Top 10 Tax Payers in four successive years and was acclaimed as Shanghai Municipal high-tech enterprise and key high-tech enterprise of the National Torch Plan of China. It successively gained the Shanghai Municipal Famous Trademark, Shanghai Brand, National Key New Products and First Prize for energy conservation, emission reduction and technical innovation in Shanghai.