Established in 1993, Guomao Speed Reducer Group Co., Ltd. (hereinafter briefly as Guomao Group) is a comprehensive state grade enterprise group. Its headquarters is located at Hutang Town, Wujin District, Changzhou City, Jiangsu Province. Its old name is “Jiangsu Guomao Guotai Speed Reducer Group Co., Ltd.”. in 2006, approved by State Administration for Industry & Commence its name is changed into“Guomao Speed Reducer Group Co., Ltd.”. Guomao Group regards“Sustaining Development, Strive and Set Up Top-ranking” as the tenet of enterprise and“Seek Perfect Quality, Satisfy Customer all the time”as the policy of quality and promotes the stratagem of famous brand and raises the connotation of famous brand and adjusts the strategy of management and forges scale economy all the time. At present Guomao Group possesses RMB￥4.5 hundred million of total assets and covers an area about 250000㎡ and holds more 2000 of staff and workers in which all kinds of technician occupy 20% of employee sum. In 2006 Guomao Group realized RMB￥8.2 hundred million of sales production value. In 2004 Guomao won the honor title of“Jiangsu Famous Product” and Guomao trademark was approved as“Jiangsu Famous Trademark”as well as was granted as “Wujin District Grown Style Enterprise”, “Jiangsu AAA Level Credit Standing Enterprise”, “Credit (Contract) AAA level Enterprise”,“Wujin District Industrial Outstanding Enterprise”for continuous several years and so on honor titles. In 2005, Guomao Group was approved by Changzhou People’s Government as “Star Enterprise”..