Qingdao Tianyi Group Co., Ltd established in 2001, is one of leading enterprises which is in its continuous development and expansion during these years in Jiaonan’s industry enterprises.After a few decades of development, Tianyi Group becomes a new type enterprise group integrated with more than ten industries including motor, electric tools manufacture, woodwork machining, real estate development, construction installation, decorating, textile machinery, electronics, property management, owns more than 2,000 employees.Our group strictly conforms to modern enterprise system, focuses on basic management, perfects internal mechanism, continuously inaugurates new managing concepts, pays attention to technology innovation and industry structure adjustment to maintain rapid, health and stable development trend.

The group realizes 330 million yuan sales income from January to August, hands in 13.8 million yuan taxes, actualizes 24.8 million yuan profit and 64.24 million yuan export delivery value, separately grows by 10％, 19％, 21.8％ and 7％ comparing with the same period with last year.

Qingdao Tianyi Group Co., Ltd is a high-tech enterprise in Qingdao, possesses municipal enterprise technology center. In recent development, our group makes great efforts on manufacture industry, focuses on development path of scientific and technological innovation, especially two of subsidiaries, Red Flag Textile Machinery Company and Red Flag Electronic Technology Company made great contributions on development path of scientific and technological innovation. Company unites with Qingdao University to establish “Tianyi Group—Qingdao University Red Flag Textile Machinery Research Institute” in 2004, signs cooperative agreement on establishing “Research and Development Center of New Type Textile Machinery” with Xi’an Engineering University in 2006. Meanwhile, it brought in “Textile Material Laboratory” from Xi’an Engineering University. The first domestic lab on air-jet loom dynamic testing will be located in Tianyi Group. In these two years, we have designed and manufactured many series of high speed air-jet loom and computer coarse sand machine. In addition, we have applied 12 new practical patents in textile machine items, one innovation patent, thereinto, one of air-jet loom product listed in Qingdao key technology innovation item in 2006, another one, JA－2000 air-jet loom, a independent R & D automatic control system, has listed in National Torch Plan in 2005. Efficient high starting torque motor, air-jet loom used only, researched and developed by electromotor company, a subsidiary company. It has been listed as a new key product in Qingdao.

Red Flag Electronic Company is a software enterprise in Qingdao, commits itself to development and research on automatic control technology of textile machinery. Products reach at leading level in domestic. Nowadays, it develops automatic control system for top grade card series, air-jet loom product, adopts integrated circuit, realizes program controlled in whole process, possesses all intellectual property rights.

All levels of researched air-jet loom reach at the most advanced level as Japan type, in a leading position both in domestic and overseas, thereinto, dualbeam air-jet loom with 3.6mm reed space breadth creates a record for its one hour continuous operation and 96% of boot-strap ratio which fills exhibition’s blank and won sensational effect in Shanghai International Textile Machinery Exhibition.

Tianyi Group gains spectacular achievements in recent years under correct lead of Jiaonan municipal committee and government, under scientific decisions of Group’s Party Committee and Directorate. Since 2003, it won many reputations such as “Qingdao Top 100 Private Enterprise” and “Qingdao Top 100 Enterprise”.

Under guidance of business concept “Make Every Effort to Make the Country Prosperous, Industry Serves the Country”, Tianyi Group will certainly get more brilliant managing achievements, make more contributions on creating city new district of Qingdao western coast and leap-style development of Jiaonan economy.