Moon Group's future looks very bright

Thanks to its globalization strategies, the Moon Group has maintained sustainable growth during the past five years, despite growing competition in the market.

Located in Yantai, Shandong province, the group focuses on products such as air-conditioning and refrigeration systems for industrial use, castings, sealing materials and heat exchange equipment.

Its revenue has grown 17.3 percent annually over the past five years to reach 5.14 billion yuan ($86.4 million) last year, while its profits increased 30 percent annually during the same period reaching 540 million yuan last year.