Beijing Yupont Electric Power Technology Co., Ltd. (688597.SS) develops and manufactures advanced power electronic equipment and solutions for the electric power industry, including high-voltage direct current (HVDC) transmission systems, flexible alternating current transmission systems (FACTS), static synchronous compensators (STATCOM), and power quality control devices; the company also provides engineering services, system integration, and maintenance for grid stability and renewable energy integration. Headquartered in Beijing, China, and founded in 2001, Yupont operates primarily in the Asia-Pacific region with projects across China and expanding international presence in Southeast Asia and Europe, serving utilities, power grid operators, and renewable energy developers. In recent developments, the company listed on the Shanghai Stock Exchange's STAR Market in 2023, enabling expanded R&D investments; it formed strategic partnerships with State Grid Corporation of China for next-generation HVDC projects and launched new modular STATCOM products in 2025 to support offshore wind integration amid China's energy transition push.