Core Viewpoint - KONE Elevator Co., Ltd. Shenzhen Branch received a fine for failing to comply with maintenance regulations for special equipment, highlighting regulatory scrutiny in the elevator industry in China [1][3]. Company Overview - KONE Elevator Co., Ltd. was established in 1910 and reported a revenue of €11.1 billion in 2024, with operations in over 60 countries [3]. - The company ships an average of over 750 units daily and maintains over 1.7 million units globally [3]. - The Chinese market is KONE's largest single market, accounting for over 20% of its global sales in the 2024 fiscal year [3]. Regulatory Action - The Shenzhen Market Supervision Administration imposed a fine of 10,000 yuan on KONE Elevator Shenzhen Branch for not adhering to maintenance regulations [2][3]. - The administrative penalty was based on the Shenzhen Special Economic Zone Elevator Safety Regulations, which stipulate fines for non-compliance with maintenance responsibilities [2][3].

Group 1 - The core viewpoint of the article is the implementation of a notification by the National Market Supervision Administration to enhance the safety and convenience of residential old elevator updates through special government bond funding [1][2]. - The notification emphasizes the responsibility of elevator manufacturers to provide high-quality, reasonably priced, and well-supported elevator products for the updating of old residential elevators [1][2]. - Local market supervision departments are required to collaborate with relevant authorities to guide property owners in determining management and maintenance units before the implementation of elevator update projects [2]. Group 2 - The notification outlines the need for clear management responsibilities, where property owners must designate responsible personnel for elevator safety management when entrusting management to property service units [2]. - It stresses the importance of establishing maintenance service requirements, including the signing of maintenance contracts that specify the frequency of maintenance, emergency response times, and the rights and obligations of both parties [2]. - The notification encourages the use of technological safety measures, such as equipping updated elevators with reliable electric bicycle intelligent blocking systems to mitigate residential safety hazards [2].