In 2021, Zonergy look back on the 15-year history of "ZhongXing" and bid farewell to our former comrades in the "XingYun Era". We have ushered in a new name "XingChu Century" and marched towards a new journey on the road of photovoltaic and energy storage integration as well as green economic transformation. On behalf of the company, I would like to extend my sincere greetings and gratitude to all the employees who have been working hard for the company, families, global customers, partners, and investors in the past year.
Reviewing the past, looking towards the future, 2020 is the year of innovation and creation of the future, whereas 2021 is the key year of transformation and upgrading. In this year, the construction, operation, and maintenance scale of the energy storage project reached 1 GWh. Our company has developed into the largest new energy provider and the top brand in Pakistan,
In this year, we have made breakthroughs in the research and development field, established a perfect R&D system, and acquired multiple certifications under international standards in Europe and the U.S., We have obtained more than 160 invention and utility model patents as well as the license of "Sichuan Smart Microgrid Engineering Technology Center" for our production and R&D base in Zigong, and was successfully selected as a "major project of Sichuan-Chongqing cooperation". Thanks to the formidable product productivity and R&D strength, our international online sales covered more than 20 countries and entered into the globalization layout. In addition, we opened the "14th Five-Year Plan" for the development of remote areas in southwest China and started the implementation of the "14th Five-Year Plan" Southwest Remote Area Light Storage Microgrid Expansion Project, and we served the construction of new energy power along the Sichuan-Tibet Railway. All the employees of XingChu Century have been running to meet the new opportunities of the great development of the energy storage industry with high morale.
In 2021, the company's financial indicators continued to improve and reached a steady-state of poised growth. The cost of capital was continuously reduced, the gearing ratio continued to be optimized, the asset quality kept improving, and profitability was further enhanced. We have successfully completed three rounds of BCD financing, The funds from CITIC Securities, Sichuan Venture Capital, China Merchants Securities, Chuanshang Fund, Noyan Capital, Triumph Capital, Qingchuang Bole, Zhejiang Huayou, and other investors accelerate the company's independent R & D innovation process and robust development momentum; Ying, Yin, Sun, Kun, that four-employee shareholding platform tightly solid the management team, R & D team, the core backbone, and the company's development together.
In 2021, the chairman of the board gave full affirmation to the company's development and inscribed the words "I wish that Zonergy will be the leading position in green energy technology and market and that all employees will concentrate on XINGCHU to realize their personal value and contribute to the society for the double carbon standard, crossing the new century".
In 2022, it is the year of climbing and leaping off the Xingchu Century. With the national goal of "carbon neutral and carbon peak" and the major development strategy of "building a new power system with new energy as the theme", which creates an unprecedented space for the development of the new energy industry, the company will seize this historic development opportunity and make full efforts to advance according to the first five-year goal. We will fully realize the mass production and production of self-researched products in the Zigong production base, focus on the long-term high-quality development of the enterprise, plan the layout, and promote the research and pilot testing of advanced low-cost energy storage battery materials. At the same time, we will adjust the sales structure, promote the star products into the head sequence of the industry, and boost the continuous growth of the sales scale.
We are running, although we have taken detours and faced difficulties, it is these that make us more determined. The only fundamental to the healthy development of enterprises is to adhere to independent research and development and innovation. XingChu Century will always take customer needs as the first place, make every effort to create safe and reliable products and solutions, highlight innovation and intelligence, solid, and be the road builder of digital green energy technology!