On January 28, 2022, CVTE was once again shortlisted for the Top 500 Enterprises in Guangdong, Top 100 Private Enterprises in Guangdong, Top 100 Manufacturing Enterprises in Guangdong and Top 100 Innovative Enterprises in Guangdong released by Guangdong Provincial Federation of Enterprises and Guangdong Entrepreneurs Association. With the corporate philosophy of "Experience, Efficiency, Creation and Winning", CVTE adheres to innovation-driven development and prioritizes quality and users, which has enabled CVTE to gradually develop into a highly competitive and influential technology company in the computer, communication and other electronic equipment manufacturing industry.
Since its establishment in 2005, CVTE has always insisted on the product development of multi-application scenarios to constantly create more value for users. To date, the company has been mainly engaged in the design, development and sales of display control products such as LCD main control boards and smart interactive tablets. Its products have been widely used in the field of home appliances, education information, enterprise services and so on. Owing to its innovative manufacturing capacities, CVTE has gradually taken the leading position in its niche market and has also won the recognition and trust of many domestic and international organizations and consumers.
CVTE has always regarded technology accumulation and building a talent pool as the key to improve the comprehensive strength of innovation. On the one hand, CVTE has built up a big technical team, and its technical staff accounted for about 60% of the total staff as of 2021. On the other hand, CVTE has invested heavily in building a technology R&D platform, setting up several labs including hardware performance labs, chemical labs, reliability labs, and failure analysis labs, and the annual R&D investment from 2019 to 2020 exceeded more than 5% of the revenue.
In the field of technological innovation, CVTE has never stopped. In 2021, the company still maintains the investment in R&D, creating an industry benchmark with hard power, and the number of patents granted is more than 26% higher than in 2020. In addition to abundant lab equipment and a large technical team, CVTE also holds a number of core patented technologies. Strong technology R&D and high-value patent accumulation is the key to become the industry leader, so independent R&D of core technology has always been a significant driving force for the development of CVTE.
Over the past 16 years, the company has filed more than 10,000 patents and has participated in the national and provincial patent awards for many years. The active participation in the Guangdong Top 100 Enterprises is another test of CVTE's independent R&D capability, and its achievements in the Top 100 proves its technical strength and accumulation.
In the future, CVTE will always remain true to its original aspiration and keep its mission. The company will always adhere to the development path of independent innovation and continue to increase the investment in the scientific research. As a finalist, CVTE will assume the social responsibility of promoting the high-quality development of the industry, and give full play to the role of demonstration and leadership by enabling business with science and technology, so as to contribute higher value to the development of the digital economy in our province.