The company was founded in 2002 and is a high-tech enterprise specializing in R&D, production and sales of auto parts. It was listed on the main board of the Shanghai Stock Exchange on February 9, 2017. The company's main business is R&D, production and sales of precision parts. The company's main products include precision parts for valve sets, precision parts for valve transmission sets, and other precision parts. Excellent quality performance has enabled the company to successively receive honors from Shanghai Volkswagen Powertrain's “High Quality Performance Award” and “EA211 Parts” Sample Exemption Certificate, BYD's “Best Quality Award”, Changan Ford's “Excellent Quality First Prize”, and Sinotruk Automobile Group's General Manager Quality Award. During the reporting period, it also received new SAIC Volkswagen's “Material Laboratory Accreditation Certificate”, China National Heavy Duty Truck Group's “Excellent Quality Award”, Hangzhou's “Invisible Champion”, Zhejiang Province's “Invisible Champion”, the first batch of specialized and innovative “Little Giants”, and manufacturing demonstration champions Company honors, etc.