The company was founded in 1997 and has two major business segments: power and new energy battery materials, with revenue of 2.954 billion yuan in 2023. In June 2015, the company was listed on the Shenzhen Stock Exchange GEM. The company's business includes the power sector and the lithium battery cathode materials sector. The specific business of the power sector is R&D, manufacturing, sales and related engineering, design, and technical services of power distribution, transformation and related control equipment; the specific business of the lithium battery cathode materials sector is the R&D, manufacture and sale of lithium battery cathode precursors. The main products include ring network cabinets, column switches (outdoor switches), box-type substations, transformers, other switches, cable accessories, etc. The company was rated as a demonstration unit for honest construction in Hunan Province, an AAA quality credit enterprise in Hunan Province, a small giant enterprise in Changsha City, 300 Stars in Changsha, the 7th batch of innovative units created in Changsha, a new materials enterprise in Hunan Province, an intelligent manufacturing enterprise in Changsha City, and an energy saving demonstration enterprise in Changsha City, etc. The company has won honors such as National High-tech Enterprise, National Laboratory Accreditation, Hunan New Material Enterprise, Hunan Province Certified Enterprise Technology Center, Hunan Provincial Specialized and New “Little Giant” Enterprise, Hunan Manufacturing Single Champion Product, Hunan Intelligent Manufacturing Benchmark Workshop, Hunan Honest Construction Demonstration Unit, Hunan Quality Credit AAA Enterprise, Hunan Famous Trademark, Hunan Xiangjiang New Area Top 100 Enterprises, and Changsha Industrial Enterprise.
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