On the afternoon of August 27, 2020, Ningbo Enterprise Confederation, Ningbo Entrepreneur Association, and Ningbo Industrial Economics Federation held a grand opening at the Nanyuan Hotel with the theme of "Persevere in doing business, practicing internal merit and making new achievements". Ningbo Entrepreneur Activity Day and Award Ceremony of Top 100 Enterprises". Leaders of the municipal party committee, municipal government and related functional departments attended the award ceremony. The award ceremony was delivered by Qiu Dongyao, deputy secretary of the municipal party committee and mayor, and Zheng Ruifa, chairman of the city’s "three meetings", made a report on the work and ranking of the top 100 in the first half of 2020. In this event, Kangqiang Electronics won the “69th place among the 2020 Ningbo Top 100 Manufacturing Enterprises” and the “59th place among the 2020 Ningbo Top 100 Competitive Enterprises”.