We have established a three-dimensional research and development organization system, through setting up a research institute at our headquarters, a research and development centers at each of our business divisions, and a technological center at each of our production base, as well as establishing a research and development platform for technological innovation in our headquarters and each of our subsidiaries.
We have set a special annual budget for research and development expenditures, with a budget amount being no less than 3% of the sales revenue per year, and such budget would be added at an appropriate time based on the needs of technological innovation projects, so as to provide solid financial supports for research and development.
Brother Enterprises has insisted on the technological innovation path of internal self-improvement and external absorption, as well as collaborative innovation, and fully integrated internal and external technological resources. We have established cooperative relationship with Tsinghua University, Zhejiang University, Zhejiang University of Technology, Sichuan University, Beijing University of Chemical Technology, Shaanxi University of Science and Technology, Changzhou University, Zunyi Medical University, Yancheng Institute of Technology, Chengdu Institute of Organic Chemistry, Chinese Academy of Sciences and other scientific research institutes, as well as carried out extensive exchanges and cooperation with technology companies in Europe, the United States and Japan.
Brother Enterprises has equipped with micro-channel reaction research equipment, continuous flow pipeline reaction research equipment, fixed bed reaction research equipment, fluidized bed reaction research equipment, loop reaction research equipment, micro-interface reaction research equipment, high-temperature and high-pressure reaction research equipment, distillation separation and purification research equipment, continuous crystallization research equipment, mold separation technology research equipment, bio-fermentation technology research equipment, electrolysis technology research equipment, and advanced analytic testing equipment such as HPLC, GC, HPLC-MS, GC-MS, AAS, XRD, etc.
Brother Enterprises has more than 300 R&D scientific and technical personnel, of which more than 20% are doctors and postgraduates. Through external recruitment and internal training, we have continuously enhanced the comprehensive quality of our R&D technical team, thus to provide a solid human resource guarantee for our R&D technology innovation.