Lisong has his own unique insights into the design and research of kaplan turbines, pelton turbines, and francis turbines, and has 15 national patents for pelton turbines, and the ability to independently develop high-efficiency turbine runner profiles. We has a unique technical advantage in the development of turbine technology. In the course of 20 years, we have provided more than 380 sets of hydro-generators and their technical services to more than 200 hydro power stations in domestic and overseas market, and the products are exported to many countries around the world.
Lisong has a production capacity of 100 million CNY. The professional designers who are engaging in designing of turbines, generators, valves, and automation with high and middle-level professional titles use KMCAD, AutoCAD, 3D-UG, Solidworks computer-aided design system, and IDES structural finite element analysis software to design and analysis.
Lisong's operating income has been increasing year by year and is operating well. Our company pays various taxes and fees on time every month, has no tax arrears records, and has been rated as a Class A taxpayer for many years. As of December 31, 2019, the company's total assets were 131.47 million CNY, total liabilities were 24.57 million CNY, owner's equity was 10.96 million CNY, monetary funds were 8.51 million CNY, and liquidity was very sufficient. Lisong is on the way to steady growth.
Lisong is a professional supplier that provides users with differentiated, high-performance, high-efficiency, and cost-effective professional solutions for power stations. According to the specific hydraulic design parameters and geographical conditions of the user's power station, various types of hydro-generator equipment for targeted selection, design, and production have won high praise from users and recognition from people in the industry. We firmly believe that the high degree of customer satisfaction and word of mouth is the best way to build the integrity and credibility of Lisong.
All the people of Lisong are marching solidly along the road of mutual benefit, sincere cooperation and long-term common development with all partners.