Remark: in the text, Wuxi Toly Electric Works Co., Ltd is referred to as "Toly Electric" or "the Company".

Toly Electric is a high-tech enterprise specializing in R&D, production and sales of flat winding wire and its derivative products. Founded in 1992, Toly Electric has a registered capital of 87.5 million yuan, nearly 600 employees, and an annual production capacity of 55,000 tons. In 2020, according to the actual needs, the company was incorporated into Gold Cup Electric Group (stock code: 002533) through shareholding reform and strategic reorganization, and became another major brand economy in the Gold Cup Electric electromagnetic wire industry, starting a new development journey.

Toly Electric has been working on flat winding wire products for more than 30 years, mainly researching and producing CTC, paper covered single and multiple wire, enameled flat wire, wrapped wire, coil and superconducting winding wire, etc. The technical performance, quality grade, variety and delivery capacity of the products are in the top group of the industry. It is widely used in high voltage and UHV power transmission and transformation equipment, rail transit equipment, high voltage motor, medical equipment, new energy vehicles, clean energy equipment, superconducting magnets and other fields.

Toly Electric has maintained long-term and deep cooperation with ABB, Siemens, Toshiba, TBEA, XD, CRRC and other well-known enterprises at home and abroad. Products are exported to Russia, Germany, Japan, and Turkey, Brazil and other countries and regions. Year after year the company is excellent supplier, high quality service supplier, and has formed a certain brand effect in the global winding wire industry.

Toly Electric is a high-tech enterprise, China's top 100 enterprises in the cable industry, China's machinery industry management progress demonstration enterprise, Jiangsu Province specialized & special new "little giant" enterprise. It has won the honor of quality benchmark of Jiangsu Province, AA grade enterprise of quality credit of Jiangsu Province, international famous brand of key cultivation and development of Jiangsu Province, and demonstration intelligent workshop of Jiangsu Province.

Over the years, Toly Electric has accumulated rich experience in research and development management. It has established Jiangsu UHV large-capacity transformer winding wire Engineering Technology Research Center, Jiangsu Enterprise Technology Center, Jiangsu postdoctoral innovation practice base, and has 53 authorized patents, including 30 invention patents. The company has carried out deep manufacture-learning-research cooperation with high energy physics research institute of Chinese Academy of Sciences, Harbin polytechnic university, Jiangnan University, Shanghai electric cable research institute and other research institutes. Besides, the company has taken several national and provincial science and technology projects. Among them, the new special CTC used for high-speed train traction transformer was placed on the "national torch plan” industrialization demonstration project. The company takes the lead in the formulation of national standards and industry standards, undertakes the compilation of industry process technology training materials, undertakes the compilation of the national "12th Five-Year" ~ "14th Five-Year" winding wire industry development plan, and plays a leading and exemplary role in the development of industry technology.

Toly Electric takes "raise Gold Cup, share the development" as the enterprise mission, takes "building the world's leading winding wire enterprise" as the strategic goal, takes "five unification five power" party building brand as the guidance action, combines the wisdom and strength of all staff, comprehensively improves enterprise intelligent management, to create a learning-oriented, innovative, efficient enterprise. The company will strive to meet the "industry Gold Cup, century-old Gold Cup" enterprise vision.