At present, we believe that we have a dominant market share in the Chinese ceramic valve market. Given our early entry into the ceramic valve market, we enjoy a leading position in China because of our head start in ceramic material technology and in valve design and manufacturing.
Presently, the technology of other domestic and overseas industrial ceramic valves manfacturers limit production to small-bore ball valves with pressure levels below 2.5MPa. In contrast, Shengkai produces a variety of ceramics in every category (gate valve, ball valve, back valve, adjustable valve, cut-off valve and special valve) and produce more than 760 specifications that sustain a maximum pressure level of 42MPa. The largest ceramic valve caliber produced by Shengkai is 1,000mm. Currently, most other manufacturers can only make limited types of ceramic valves, such as ball valve and adjustable valves; furthermore, we believe we are one of the few manufacturers in the world who can produce ceramic valves with caliber of 150mm or more. We believe that Shengkai's ability to produce a comprehensive category of high-quality ceramic products, together with its self-developed ceramic processor, leak-proof valve sealing technology and strong technology development capacity, set it apart from its domestic and international competitors.