Jiangsu Wanqi Electric Appliance Group Co., Ltd. (formerly Zhenjiang Wanqi Electric Equipment Co., Ltd.) serves as the parent company, forming a group with four subsidiaries. The parent company was established in 1992 and has subsidiaries including Zhenjiang Wanqi Electric Technology Co., Ltd., a joint venture with U.S. Soft Technology International Co.; Jiangsu Wanqi Electric Co., Ltd., which invested over 100 million yuan in Xuyi to build a cable tray production base; Zhenjiang Wanqi Yintong Busway Co., Ltd., specializing in the research, development, and production of various busway products; and Yangzhong Wanhui Metal Materials Co., Ltd., a professional logistics operator. The group covers a total area of over 85,000 square meters, with a building area of 35,500 square meters. The company currently employs more than 460 people, including over 150 engineering and technical personnel. It has a registered capital of 50 million RMB and total assets exceeding 200 million RMB. With 28 sales offices, the company's sales network spans across the country, providing users with a robust sales and service support system.

The group is a specialized enterprise engaged in the research, development, and production of cable trays and busways, emerging as a technology-driven growth company in the region and industry. Its main products include: QGQJ series energy-saving corrosion-resistant cable trays, XQJ series wiring trays, WQ/GBQJ series high-strength steel-web fiberglass reinforced plastic trays, HFB fire-resistant and flame-retardant trays; CFW-2A new high-strength separable enclosed busways, FMC-2密集型插接式母線(xiàn) (dense plug-in busways), GH series fire-resistant busways, and WQ/ZM series lighting busways. The company's cable trays and busways have obtained 19 national patents and have applied for international patents, currently in the (U.S.) stage. The energy-saving corrosion-resistant steel cable trays have received the National Key New Product Certificate and the Provincial Excellent Patent Award. Three products and technologies have passed provincial and municipal new product and technological achievement appraisals. The VCI surface treatment technology for cable trays fills a domestic gap and reaches international advanced levels. Three products have been awarded provincial and municipal high-tech product titles, and the company has twice received the Zhenjiang Municipal Science and Technology Progress Award. The cable tray products were listed as a provincial Torch Program project, achieving the first energy-saving certification for cable tray products nationwide. The products and the company have been honored with titles such as Provincial Quality Credit Product, Provincial Quality Integrity Enterprise, Provincial High-Tech Enterprise, Provincial Private Sci-Tech Enterprise, Provincial Famous Brand Product, and Provincial Well-Known Trademark. The company is a council member of the China Energy Conservation Association, a member of the China Electrical Equipment Industrial Association, and a council member of the China Engineering Construction Standardization Association. The national standard for "Energy-Saving Corrosion-Resistant Steel Cable Trays," developed by the group and chaired by Chairman Ma Jicai, has been promulgated and implemented. This marks the first time in the region that an enterprise has led the formulation of a national product standard. The promulgation and implementation of this standard are destined to become a milestone in the history of cable tray development.