On March 29^th, Xinbao Holdings was honored to receive the 2022 Philips Innovation Award at the Royal Philips supplier event held in the Netherlands. Out of over 500 key suppliers from around the world, Xinbao Holdings is the only Royal Philips partner to receive this award.

As Zhu Xiaomei, CMO of Xinbao Holdings, received the award certificate, she said: "The primary strategy of Xinbao has always been to achieve innovation across modules including product design, production efficiency, digital management, and product time to market. We sincerely hope Xinbao can continue to develop itself into one of Royal Philips most trusted and important partners, creating ever more value for both through persistent innovation and mutual development."

Cooperation between Xinbao Holdings and Philips dates back to 2012 when the two were working together on an ODM bread maker project. Since then, both companies have collaborated on numerous projects, including multiple kitchen appliances and personal care products.

Indeed, Xinbao Holdings had already been the winner of the Supplier Excellence Award back in 2018 and 2019. The newly received Innovation Award fully demonstrates the total recognition of Xinbao Holdings by Philips in services like technology innovation, R&D innovation, and quality control, and is bound to have a positive impact on the continued and future cooperation between the two.

The improvement of people's health and well-being through meaningful innovation is a key purpose of Philips, and in accomplishing this Xinbao is a key strategic partner. 

Since its establishment, Xinbao Holdings has always upheld the principle of "no innovation, no project". With independent and professional innovation capabilities in R&D and design, Xinbao Holdings has a comprehensive 4-tier technological innovation system and multiple key technologies. It owns nearly 4,400 patents, of which nearly 300 are utility patents. The company has been recognized as a national enterprise technology center, a national industrial designer center, a national cutting-edge technology enterprise, a national intellectual property model enterprise, a central lab for key small home appliance technologies in Guangdong province, and a Guangdong engineering lab (smart and energy-saving key small home appliance technologies).

Looking to the future, Xinbao Holdings will uphold the corporate cultural concept of "persistent pursuit of innovation", continuously improve its core competitiveness, and achieve mid- to high-end product R&D and innovation. The company will intensify investment in mid- to high-end product planning and preliminary research, and strive to bring more quality products to its global customers and consumers, contributing further to the high-quality development of the small home appliance industry.

Innovative technology empowers a healthier life. We believe our efforts can make the world a better place.