The company, formerly known as Yueyang Hengli Air Conditioning Equipment Co., Ltd., was approved by the Hunan Joint Stock Reform Pilot Group in March 1993 by the Hunan Joint Stock Reform Pilot Group, reorganized from the former Yueyang Refrigeration Equipment General Factory, and co-initiated with 15 enterprises including Industrial and Commercial Bank of China Yueyang Trust and Investment Company and the People's Construction Bank of China Yueyang Trust Investment Company, and established through targeted fundraising. The company's main business activities include production and sale of refrigeration and air conditioning equipment, sales of automobiles (including cars); processing and sales of machinery and equipment; provision of refrigeration and air conditioning equipment installation, maintenance and transportation services for raw materials and products produced by the company; real estate management and property management with qualification certificates; leasing of own housing; industrial investment; and investment management. The company's main products are refrigeration and air conditioning equipment.
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