Recently, Liaoyang Economic and Information Technology Commission, together with Liaoyang Municipal Finance Bureau and Liaoyang Municipal Local Taxation Bureau officially announced the list of the “7th Municipal-Level Enterprise Technology Center 2015”. Liaoning Zhongwang Mechanical Equipment Manufacturing Co., Ltd (“Zhongwang MEM”), a subsidiary of China Zhongwang, is one of the only ten listed research institutions in the city.

Since its establishment, Zhongwang MEM achieved milestones in development of new products and technologies, by constant improvement of the technical institutions and continuous investment in research and development. 

China Zhongwang enjoys an industry leading position in terms of technological innovation and product upgrade. The enterprise technology center was established in 1998, and is equipped with advanced scientific devices and instruments. It is constituted of six specialized labs, 22 analysis labs, and five innovation teams closely linked to industrial technology. Moreover, it is qualified as "National-Recognized Enterprise Technology Center" in 2012. In 2013, China Zhongwang was formally recognized as "National High and New Technology Enterprise". By end of October 2015, China Zhongwang has accumulated a total of 340 authorized patents. Leverage its own advantage of the R&D team, the Group actively cooperates with major universities and research institutions, and achieved breakthroughs in development of high-end products.