In recent years, with the rapid growth of the national economy, the power industry has developed rapidly, driving the rapid development of the transmission line tower industry. Statistics show that the sales revenue of my country's transmission line tower industry rose from 5 billion yuan in 2003 to 42.6 billion yuan in 2010, with a compound annual growth rate of 36.68%, indicating a period of rapid development. In 2010, my country's transmission line tower industry showed a good development trend, with companies within the industry demonstrating strong cost control capabilities and profitability.
By the end of 2010, there were 252 large-scale transmission line tower companies in my country; their total assets reached 32.25 billion yuan, a year-on-year increase of 25.55%. In 2010, my country's tower industry achieved a total industrial output value of 43.31 billion yuan, a year-on-year increase of 25.36%; sales revenue of 42.591 billion yuan, a year-on-year increase of 29.06%; and total profits of 2.045 billion yuan, a year-on-year increase of 43.09%.
During the 12th Five-Year Plan period, my country will increase investment in the power grid, with an investment of approximately 2.55 trillion yuan, accounting for 48% of the total power investment, an increase of about 3.0 percentage points compared to the 11th Five-Year Plan period. With the continuous increase in power grid investment, the demand for transmission line towers will also continue to grow, indicating a broad development prospect for the transmission line tower industry. From 2011 to 2012, the compound annual growth rate of sales revenue in my country's transmission line tower industry was 28%, and it is estimated that the sales revenue of my country's transmission line tower industry will reach 70.3 billion yuan.