News

ShinewayTech soars on optical fiber testing

By Hao Nan (China Daily)
Updated: 2010-09-14 08:05

ShinewayTech is listed as one of 10 companies with the largest growth potential in HSP.

Shineway Technologies Inc in the Zhongguancun Haidian Science Park (HSP) plans to forge an internationally known brand in optical fiber testing equipment as it further innovates in its products.

Founded by Liu Yunlong and six partners in 2002 with a total investment of 1.05 million yuan, the company is now eyeing a public stock market listing in 2014.

Named one of 10 companies with the most potential in the HSP in 2005, ShinewayTech now has sales in more than 70 countries and regions and net assets exceeding 45 million yuan.

Liu, a 38-year-old PhD from prestigious Beijing University of Posts and Telecommunications, led the rapid development of ShinewayTech as it provided optical fiber testing equipment for network operators, construction companies, the military, schools, laboratories and scientific research institutions.

Its home base, the HSP, is considered China's Silicon Valley with some 33 percent of China's high-tech companies.

In addition to the synergy from such a gathering of high-tech enterprises, Liu said another important reason for the company to be located in the park is that it provides a range of preferential polices for startup companies.

Besides, "the HSP has many advantages that cannot be matched by other parks in China," said Liu.

"Abundant human resource is one of them. Innovative talents from nearby universities, including two of the top - Tsinghua and Peking universities - are core competitiveness and wealth of high-tech companies, he said.

"Most staff in research and management at ShinewayTech are hired from nearby universities and research institutions."

ShinewayTech was a major supplier for networks Test & Maintenance products to guarantee the communications of the gymnasiums during the Beijing Olympic Games.

"We are proud to make contributions in securing Chinese communication networks and promoting its goal of establishing an innovative country," Liu said.

Liu told China Daily that ShinewayTech now has more than 100 products in 25 series. It also owns the independent intellectual property for its products, including 21 software copyrights and eight national patents.

Liu said he is very optimistic about the company's future as optical networks has huge potential in the world including China.

"Seven national departments and ministries recently released an opinion on promoting the construction of optical fiber broadband network," he said.

"In the coming three years, the total investment of that construction will be more than 150 billion yuan, with 50 million new optical fiber broadband network users."

"This presents huge opportunities for ShinewayTech. We will definitely seize them."

(China Daily 09/14/2010)