The company is a foreign-invested joint-stock enterprise integrating R&D, production and sales of color spinning. The actual controller of the enterprise began the production and operation of color spinning in 1989. After more than 30 years of development, the company has become one of the world's famous color spinning manufacturers, and was listed on the main board of the Shanghai Stock Exchange on June 12, 2012. The company's main business is R&D, production and sales of color spinning. The company's main products are colored spinning yarn. The company's honors include the title of “Most Influential Product Brand” recommended by the Chinese cotton textile industry as a boutique Chinese spinning base, a Zhejiang famous brand product certificate, a national color spinning product development base, and an honorary certificate for popular fabrics in China in the spring and summer of 2015.