In recent years, with the rapid growth of the national economy, the power industry has developed rapidly, promoting the rapid development of the transmission line tower industry. According to statistics, the sales revenue of China's transmission line tower industry increased from 5 billion yuan in 2003 to 42.6 billion yuan in 2010, with a compound annual growth rate of 36.68%. The industry is in a period of rapid development. In 2010, China's transmission line tower industry showed a good development trend, with enterprises in the industry having a high ability to manage and control costs and strong profitability.
As of the end of 2010, there were 252 large-scale transmission line tower enterprises in China; The total assets reached 32.25 billion yuan, a year-on-year increase of 25.55%. In 2010, China's tower industry achieved a total industrial output value of 43.31 billion yuan, a year-on-year increase of 25.36%; Sales revenue was 42.591 billion yuan, a year-on-year increase of 29.06%; The total profit reached 2.045 billion yuan, a year-on-year increase of 43.09%.
During the 12th Five Year Plan period, China will increase investment in the power grid, with an investment of about 2.55 trillion yuan, accounting for 48% of the total power investment, an increase of about 3.0 percentage points compared to the 11th Five Year Plan period. With the continuous increase in power grid investment, the demand for transmission line towers will also continue to increase, and the development prospects of the transmission line tower industry are broad. The compound annual growth rate of sales revenue in China's transmission line tower industry from 2011 to 2012 was 28%.