Under the great support of Wuxi City, Xin'an Town Party committee government, Toly Electric predecessor Huanyu metal materials factory was formally established.

The company successfully cooperated with the Chengdu Locomotive Factory of the Ministry of Railways, and "the Sixth Branch Factory of Chengdu Locomotive Factory of the Ministry of Railways" was opened.

The company was converted from a town collective enterprise into a shareholding system and officially registered as "Wuxi Huanyu Magnet Wires Co., Ltd.".

Wuxi Toly Electric Works Co., Ltd was established in Donggang town of Xishan area.

The first phase project of Toly Electric was officially put into operation. Based on the construction principle of "high efficiency, energy saving and environmental protection", a winding wire production base representing the advanced level of the industry was put into operation, which marked that the company ranked among the forefront of the domestic winding wire industry.

The company completed the second phase project, the annual capacity expanded to 35,000 tons.

Toly Electric passed through the quality, environment, occupational health and safety management system certification.

Toly Electric was recognized as UHV AC engineering qualified electromagnetic wire supplier by the State Grid Corporation, and entered the UHV winding wire market.

The new special CTC used for high-speed train traction transformer was placed on the "national torch plan” industrialization demonstration project.

In the same year, the Institute of High Energy Physics of the Chinese Academy of Sciences and Toly Electric reached a strategic cooperation to carry out the pre-research of superconducting cables for national scientific projects.

The company's MES system was successfully launched, marking a key step in the company's intelligent manufacturing process.

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