In September 2023, Tianjin Jingwei Zhengneng Electrical Energy Equipment Co., Ltd. and Tianjin Yubo Electrical Equipment Co., Ltd. completed an equity restructuring. After the restructuring, Tianjin Yubo Electrical Equipment Co., Ltd. became a wholly-owned subsidiary of Tianjin Jingwei Zhengneng Electrical Energy Equipment Co., Ltd.

This transaction filled the gaps in the company's products in the fields of traction systems for railway locomotives, electrical control products for onboard and ground stations, and iron core reactors, greatly enriching the company's product range.