Powering ahead via diversification

Zhongsheng Group morphs from an equipment maker to world player in industrial parks, coal, nickel and ports

When Qingdao Hengshun Zhongsheng Group Co Ltd, a firm focusing on electric projects and equipment, listed on the Shenzhen stock market in 2011, it attracted investors' attention straight away. Its more than 20 percent year-on-year growth since its founding in March 1998 was already a talking point in the State-regulated power transmission industry.

Online content categorizes the company as a maker and seller of "high-voltage reactive power equipment, compensation devices and filtering devices. Its products include capacitors, reactors and coil dischargers".