Wofu Permanent Magnet has been awarded the A-level credit evaluation certificate by Sinopec Yipaike

       Recently, Anhui Wofu Permanent Magnet Technology Co., Ltd. (hereinafter referred to as Wofu Permanent Magnet) was awarded the "Yipaike Credit Evaluation Certificate" by the Commercial Credit Center, with an A-level rating. This certificate is certified by the Commercial Credit Center commissioned by China Petroleum&Chemical Corporation.

       The Commercial Credit Center is affiliated with the State owned Assets Supervision and Administration Commission of the State Council and is one of the most authoritative enterprise credit rating evaluation agencies in the country. Its credit rating has authority and fairness. The "Yipaike Credit Evaluation Certification" passed this time is an important scoring clause for Sinopec's bidding. Sinopec will apply the results of this credit certification in future material bidding activities and Yipaike platform bidding. The enterprise credit rating will become an important reference for participating in Sinopec's material procurement activities and expanding the Yipaike platform market.

       China Petroleum and Chemical Corporation (Sinopec) is a long-term and stable cooperative customer of Wofu Permanent Magnet. Recently, it has made significant adjustments to its customer evaluation methods. Wofu Permanent Magnet has applied for third-party credit certification through Sinopec's Yipaike website to better participate in Sinopec's online bidding, inquiry and comparison services.

       On August 6th, the Commercial Credit Center of the State owned Assets Supervision and Administration Commission conducted on-site due diligence at Wofu Permanent Magnet, inspected the production workshop, and listened to reports on the company's human resources, production situation, quality monitoring, after-sales service, technology research and development, and financial status. It was determined that the company meets its A-level credit standard, which reflects Wofu Permanent Magnet's strong performance and low default risk. The credit rating certificate has been released through the Yipaike platform.

       The receipt of the Yipaike Credit Evaluation Certificate this time indicates the recognition of the credit and strength of Wofu Permanent Magnet by the State owned Assets Supervision and Administration Commission's Commercial Credit Center, laying a solid foundation for deepening the cooperation between Wofu Permanent Magnet and China Petroleum and Chemical Corporation. It will contribute to the widespread application of Wofu permanent magnet speed controllers in the petrochemical industry, and also help Wofu permanent magnet improve internal management, enhance product and service competitiveness, and become a global high-quality permanent magnet transmission technology integration service provider as soon as possible.