On February 2, Maoshuo Power announced that both the company and its subsidiaries, Maoshuo Electronics and Maoshuo Electric, have met the requirements for the second batch of corporate funding under the 2017 Enterprise Research and Development Funding Program. The total subsidy amount allocated for the project is RMB 2.935 million.
According to the announcement, the government subsidy has been partially received, with Maoshuo Power having already obtained RMB 1.902 million. However, Maoshuo Electronics has not yet received the full amount of RMB 10.33 million. The company has committed to providing further updates on the progress of the funding.
The government grant was awarded for the "2017 Enterprise Research and Development Funding Scheme." As a leading global provider of power supply solutions and a key player in the domestic power industry, Maoshuo Power continues to invest heavily in research and development. In the first half of 2017 alone, the company’s R&D expenditure reached RMB 29.54 million, marking a 33.14% increase compared to the previous year.
In 2018, Maoshuo Electronics took a significant step forward by launching its own Internet of Things (IoT) initiative. After official confirmation, the company shifted its focus toward smart interconnection and IoT technologies. Alongside introducing innovative smart power solutions, Maoshuo Electronics has partnered with industry leaders such as ZTE and Huawei to offer customized control systems and comprehensive solutions, aiming to build an integrated ecosystem for users.
When it comes to smart power, Maoshuo Power has always been at the forefront of innovation and has successfully industrialized its technologies. Recently, the company applied for a government subsidy for the “High-efficiency Constant Current Intelligent LED Driver Power Supply Industrialization†project with the Shenzhen Development and Reform Commission. The project has now received approval (Document No. Deep Development [2018] No. 73), with a subsidy amount of RMB 2.03 million.
As traditional drive power technologies approach their limits, companies must seek new growth opportunities. Maoshuo has already started deploying intelligent lighting solutions, including DALI power supplies for rail transit systems.
With the rise of the Internet of Things, Maoshuo has identified emerging market needs and is focusing on system control and hardware development. The company continues to emphasize independent research and innovation, making significant contributions to China's industrial advancement and striving to establish itself on the global stage.
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