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                  | The 1st phase (1993-1997): Exploration 
                    with painstaking efforts | 
                
                  | In 1993!!Xinhai was 
                    established. , In December, approved by Cixi Industry & Commerce 
                        Bureau, Ningbo Xinhai Lighter Manufacturing Co., Ltd. was 
                    established
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                  | In 1995, the annual turnover of sales broke RMB 10 
                    million. ,                    The annual turnover of sales reached RMB 11.6 million 
                    including US$1.2 million from exportation sales.
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                  | In 1997, Xinhai realized a double leap on " 
                    production " and "sales". ,                  Xinhai successfully developed the combined tank electric 
                        lighter.
 ,Upon participating in the Canton Fair in 1997, Xinhai 
                        graded up new motive force for overseas sales through the 
                    promotion of new sales channels.
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                  | The 2nd phase (1998-2001): Expansion with large-scale operation | 
                
                  | In 1998, Xinhai started to promote herself in terms of information &   automation. ,Through setting up computerized internal network and installing the   production assembly line of electric lighter, Xinhai founded the system of   scientific management and modern production of her own.
 ,Over 40 models of new products were developed, 28 of which were applied for   the national patent of China, and got approval of 19. Besides, 2 more models   were applied abroad.
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                  | In 1999, Xinhai set up her Quality-Inspection Center in accordance with   the international standard. ,At the start of the year, Xinhai set up the first ISO9994 Quality Testing   Center of lighter industry in Chinese Eastern Area.
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                  | In 2000, Xinhai realized a double promotion of both Company System and   Quality Management System. ,Xinhai took the reforms in organization system by shaping into one   shares-holding corporation.
 , In August, Xinhai passed ISO9001 Quality System Management Approval.
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                  | In 2001, in order to promote the sustainable competitiveness, Xinhai put   up an expansion platform on the level of production, R&D and marketing. , In June, the new land with a total approved area of 24,000 square meters in   Economic Development Zone started its use as the production base of electric   products.
 , Xinhai became the practicing base of Zhejiang New Century Talents College by   setting up Xinhai Scholarship.
 ,  Xinhai established Zhejiang University - Xinhai Electric Products R&D   Center jointly with Zhejiang University.
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                  | The 3rd phase (2002-): Excellence with further   progress | 
                
                  | In 2002, Xinhai won the anti-dumping suit for the first time and broke   through CR barrier. , Xinhai won both of the two anti-dumpling suits against South Korea after   which the disposable lighter made in Xinhai can be exported to South Korea at a   duty of 76.38% lower than those domestic competitors.
 , Xinhai successfully worked out 5 models of her own intellectual property   rights, breaking through the barrier of European CR Act.
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                  | In 2003, Xinhai established the shares-holding corporation formally and   won another victory of anti-dumping suit against the EU as well as the honor for   company. , In January, approved by Ningbo Municipal government, Ningbo Xinhai Electric   Co., Ltd. was founded as  the 8th shares-holding corporation in Cixi.
 , In June, Headquarter of Xinhai was shifted from Dafa Road to Outer North   Ring of Cixi.
 , In July, the anti-dumping suit against the EU lasting over one year ended up   with Xinhai¨s victory.
 , Therefore Mr. Huang Xinhua, President of Xinhai is   honored as the fighter of anti- barrier in China.
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