Shiyou Electric was jointly established by Xiangtan Shitong Electric Co., Ltd. and the Dutch Ulichuang Group. It is one of the domestic enterprises that develops and manufactures electrical control systems for large-scale wind turbines. It is located in the National High tech Zone of Xiangtan City, with a registered capital of 65.8 million yuan. In October 2013, the limited company underwent a comprehensive restructuring and was transformed into a joint-stock company. In 2013, it was recognized as a high-tech enterprise, and in 2015, it was recognized as a provincial-level enterprise technology center. On June 27, 2014, it was successfully listed on the National Equities Exchange and Quotations and became a listed enterprise on the New Third Board of Xiangtan City.
The company's management system has been continuously certified as effective by the world-renowned certification body, the French Bureau Veritas Certification Group's three in one certification. And obtained the "EU CE Certificate" after being audited by German TUV. The company's products have won the "Famous Trademark of Hunan Province" and multiple professional awards in the field of wind power. The company has always adhered to technological innovation as its core value, followed the national development strategy of "resource-saving and environmentally friendly", and taken green energy and smart grid as the fundamental strategic direction of enterprise development. It has been focusing on the research and development, production, and sales of wind power control systems and smart grid products.