Hangzhou Dahe Thermo-Magnetic Co.,Ltd. was established and began to produce thermoelectric modules.

The thermoelectric cooler was successfully manufactured and started mass production. The yield of products increased from 

30% to 90%, annual volume gets 6000 pieces.

The main raw materials and components were localized successfully, and TE products were profitable for the first year.

Ferrotec (China) TE Division achieved an average monthly output of 110,000 pieces.

The management system of Hangzhou Dahe Thermo-Magnetic Co.,Ltd. was transformed into business division, TE Manufacturing 

department was transformed into the TE Division, and TE business grows rapidly then.

Komatsu MINI thermoelectric module was introduced and manufactured.

Automotive Climate Control Seat assembly (CCS) was successfully introduced, and the production scale was greatly expanded.

The automotive industry management system ISO/TS16949 was successfully introduced.

With the cooperation of Microsoft and other enterprises, miniature TE modules began to enter the field of electronic consumer 

products and optical communications on a large scale, and the market share expanded again. Assembly automation was realized.

Monthly output exceeded 500,000.

Annual sales of Ferrotec (China) TE division exceeded RMB 500 million.

A new plant in Changshan was established and started production.

Medical Device Quality Management System ISO13485 was introduced.