In November 2016, the Zhejiang Provincial Economic and Information Technology Commission issued the "Notice on Carrying out the Cultivation of Innovative Small and Medium-sized Enterprises (Zhejingxin Qichuang [2016] No. 76), which was recommended by various localities and entrepreneurial instructors "one-to-one" On-site diagnosis assistance cultivation, expert review and publicity confirmed 103 enterprises as "2016 Zhejiang Innovative Demonstration Small and Medium-sized Enterprises", among which Zhejiang Hangzhen Energy Technology Co., Ltd. was listed.