The company was established in February 2010 with registered capital RMB 55 million. The major businesses of the enterprise are researching, developing, manufacturing and selling of carbon fiber. The enterprise has invested RMB 0.4 billion, with land use of the first phase 4.3 hectares and establishing a carbon fiber production line of T800. 90 patents of carbon fiber has been applied for, 42 Test Specifications been formulated and 2 company standards been filed by the technical team to guaratee the proprietary intellectual property rights and quality stability. The total investment of enterprise is more than RMB 3 billion to create an independent innovative high-tech enterprise of integration of production, study and research.