The company was founded in 1994. The company has 8 wholly-owned subsidiaries in the US, Canada, Thailand and Shijiazhuang, Changzhou, Shanghai and Shandong in China. The main production bases are located in Shijiazhuang, Jiangsu, Jining, Shandong, and Rayong, Thailand. Listed on the Shenzhen Stock Exchange in 2009, it is the largest listed company in the domestic diamond tool industry. Since its establishment in 1998, the company's main business has been the R&D, production and sales of diamond tools. Currently, the company's business covers the three fields of diamond tools, coated abrasives, and rail transit equipment parts. Main products: diamond circular saw blades, thin-walled diamond engineering drills, diamond grinding discs, grinding blocks, polycrystalline diamond tools and other products. The company's development has been recognized by all sectors of society, and has successively won honorary titles such as “Top Ten Private Science and Technology Enterprises in Hebei Province”, “Top 500 Famous Chinese Science and Technology Brands”, “China's Top 100 Growing Enterprises”, “China's Most Growing Private Enterprise”, “Forbes China's Potential Enterprise”, and “National Advanced Private Enterprise in Employment and Social Security”.