The company was founded by Hengfeng Holdings Co., Ltd., Chen Errong, Chen Ziyan, and Chen Ziyi. It was registered with the Jiaxing Administration for Industry and Commerce on March 11, 2011. The company's shares were listed and traded on the Shenzhen Stock Exchange on July 1, 2015. The company's main business includes: precision complex cutting tools, precise and efficient tools, high-end productivity services (precision grinding services, processing technology services, inspection and testing services, customized design services, simultaneous development services for new products, etc.). The company's products mainly include two categories: precision complex edge measuring tools and precision and high-efficiency tools. Precision complex edge measuring tools are subdivided into four major series: broaching tools, cold extrusion tools, precision measuring tools, and gear tools. Precision high-efficiency tools are subdivided into three series: high-efficiency drilling and milling tools, high-efficiency steel plate drills, and precision thread tools. The company honors include the first prize of the China Machinery Industry Science and Technology Award, the National Innovation Fund Project and the National Key Product Revitalization Project, Shanghai Natiefu's “Best Cooperation and Win-Win Award”, the “Excellent Supplier Award” of the Great Wall Hive, Zhejiang Shuanghuan “Excellent Supplier Award”, the “2023 Excellent Quality Award” by the Ministry of Industry and Information Technology, recognized as a “National Technological Innovation Demonstration Enterprise” by the Ministry of Industry and Information Technology, and has won two national science and technology progress awards, etc. China Machinery Industry Science and Technology First Prize, 1 Second prize of Zhejiang Science and Technology Progress Award, etc.