The company was registered with the Shandong Administration for Industry and Commerce on July 21, 1989. With the approval of the China Securities Regulatory Commission, the company's public shares were listed and traded on the Shenzhen Stock Exchange on December 26, 1996. The company was the first to develop and produce high-mold low-shrinkage polyester framework materials in China. It has passed the certification of most famous rubber and tire companies at home and abroad, has fixed sales channels, and has gained a leading edge in the same industry. The company's leading products are high-performance high-mold low-shrinkage polyester cord cloth and canvas, which have formed three series of more than 100 varieties. Company honors include Shandong Provincial Enterprise Technology Center, Shandong Fiber Framework Material Engineering Technology Research Center, and “National New Product”.