The company was founded in 1997. It is now a national high-tech enterprise, a national manufacturing industry champion demonstration enterprise, a national-level specialized and innovative “little giant” enterprise, a national-level green factory, a leading innovation enterprise in Henan Province, a pilot enterprise for intelligent manufacturing workshops in Henan Province, and a third-level production safety standardization enterprise. Listed on the Shenzhen Stock Exchange in 2011, it became one of the first listed companies in China's polycrystalline diamond industry. The company is mainly engaged in R&D, production and sales of superhard materials and related products. The company's main products belong to key product categories such as diamond and metal composites, diamond and metal composite products, nitride and metal composites, and nitride and metal composites in the “3.5.3.4 Other Structural Composite Manufacturing” category in the “New Materials Industry”. The company's technology center was recognized as a “national enterprise technology center”, and received honors such as “National Specialized and New Enterprise, National Manufacturing Industry Single Champion Demonstration Enterprise, Henan Innovation Leading Enterprise, Zhengzhou Intellectual Property Advantage Enterprise, Second Prize of Henan Science and Technology Progress Award, Third Prize of the Machinery Industry Science and Technology Award, Second Prize of the Sichuan Science and Technology Progress Award, and Zhengzhou Innovation Leading Team”. It has won honors such as Henan Provincial Quality Benchmark, Zhengzhou Mayor Quality Award, and Henan Provincial Governor Quality Award nomination.