As a pilot for the establishment of a modern enterprise system by the State Council, the first batch was restructured into wholly state-owned enterprises authorized by the government; it is one of the six large state-owned asset authorized management groups in Hangzhou. It is one of China's top 500 largest enterprises, one of China's top 500 manufacturing companies, one of China's top 100 competitiveness, a national model enterprise for creating harmonious labor relations, and China's top 100 machinery companies ranked 19th. The group is the leader in China's steam turbine industry.