Elect Hu Shoutian as Vice Chairman responsible for the oriented silicon steel business

augustus 8, 2026 Blog

Evening, January 9 — Wangbian Electric released two important board announcements regarding senior management appointment and internal organizational restructuring.

1. Appointment of Hu Shoutian as Company Vice Chairman

On January 8, the Nomination Committee under Wangbian Electric’s 4th Board of Directors held its third meeting and passed the proposal to elect a vice chairman. After the committee completed qualification review, the 16th meeting of the 4th Board of Directors formally approved the resolution, appointing Mr. Hu Shoutian as Vice Chairman of Wangbian Electric.

Profile of Hu Shoutian: Top Industry Expert in Oriented Silicon Steel R&D

Born in 1973, Hu Shoutian holds a postgraduate diploma and a doctorate degree, with decades of specialized experience in grain-oriented silicon steel research and industrial technology iteration.

June 2014 – July 2021: Deputy Director & Chief Engineer, Silicon Steel R&D Department, National Silicon Steel Engineering Technology Research Center
August 2023 – Present: General Manager of Technology Center & President of Huize Research Institute, Wangbian Electric
November 2023 – Present: Director, Deputy General Manager & Chief Engineer of Wangbian Electric

In his current role, Hu Shoutian oversees the Technology Center (Huize Research Institute), taking full charge of oriented silicon steel’s technical roadmap planning, production line technological transformation, innovative R&D, and full-process production quality control. His deep technical expertise will further accelerate the upgrading of the company’s high-end silicon steel product portfolio.

2. Strong Operating Performance Driven by Dual-Core Business Layout

Wangbian Electric adheres to the strategic positioning of high-end, intelligent and green manufacturing. Driven by industrial upgrading and new production capacity release, the company has built a stable dual-wheel growth model: transmission & distribution control equipment + high-performance oriented silicon steel.

Outstanding Performance of Oriented Silicon Steel Segment

Product structure optimization: The capacity utilization rate of oriented silicon steel keeps rising, and high-grade silicon steel products account for nearly 80% of total output.
Comprehensive cost reduction: By optimizing raw material formulas, fine-tuning critical process parameters, and upgrading the full production system (man, machine, material, method, environment), the company drastically cuts manufacturing costs and lifts gross profit margins.

Financial Highlights (Jan – Sep 2025)

Operating revenue: RMB 2.728 billion, up 14.90% year-on-year
Net profit attributable to parent shareholders: RMB 80.9321 million, rising 50.68% YoY
Non-recurring gain deducted net profit: RMB 76.182 million, a sharp year-on-year surge of 140.77%

The dual-business layout significantly strengthens the company’s anti-risk capability and long-term growth resilience in the power equipment and silicon steel industry chain.

3. Board Approves Moderate Optimization of Corporate Organizational Structure

In the same board meeting, directors voted to pass the proposal on internal organizational structure adjustment.

The restructuring targets multiple core operational goals:

Improve overall operational efficiency and streamline internal workflows
Optimize internal resource allocation and eliminate redundant management links
Boost market competitiveness to match long-term corporate strategic targets
Adapt to expanding business scale and refined management requirements

Following standardized organizational design principles, the company will carry out gradual, moderate structural adjustments to align internal management with its silicon steel and power equipment expansion plans.

Conclusion

The appointment of Dr. Hu Shoutian, a leading silicon steel technical expert, as vice chairman reinforces Wangbian Electric’s focus on R&D-driven iteration of high-end oriented silicon steel. Backed by surging profitability from its dual-core business, the company’s newly approved organizational restructuring will further unlock operational efficiency, laying a solid foundation for sustained growth in the global electrical steel and power transmission equipment market.

Tags: silicon steel