The company was founded in 2002 and went to public in September 26th, 2014 being listed on the main board of Shanghai Stock Exchange (Stock Code: 603306.sh). As a tech company focusing on new-material production and application in the automotive passive safety industry, its products cover automobile airbag, airbag fabric, seat belts, etc., and has been leading the industry development in China with strong Research & Development ability, complete production line, advanced production equipment, strict production control, as well as comprehensive testing system. The company's products are deeply affirmed and trusted by both domestic and foreign customers. 

        In 2021, the company set up a new business segment in photo etching materials through the form of industrial fund, and has invested in a leading domestic company specializing in semiconductor photoresist, Xuzhou Bokang Information Chemicals Co., LTD. Besides, the company also established a joint venture, Dongyang Huaxin Electronic Materials Co., Ltd, with Xuzhou Bokang to establish a whole industrial chain operation covering the R&D, production, and distribution of photo etching materials.

        The company will continue to adopt the development strategy of "Improve, Consolidate, and Explore" in the field of new materials, and strive to build the company into a world class enterprise by constantly improving its core competitiveness. Under the goal of increasing profitability is the company's strong sense of responsibility towards both shareholders and the society.