Through its wholly-owned Chinese subsidiary, Hainan Jinpan, the Company designs, manufactures and sells cast resin transformers for voltage distribution equipment in China.
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A strong competitor in the cast resin transformer industry in Asia and Europe. It is a very competitive industry but, with a strong back log of orders and an asia-centric location Jinpan looks over sold at this price. With a 25% growth outlook over the next few years I am a buyer around $10.