The company is a large-scale private enterprise that invests in petroleum refining, mainly manufacturing PTA, polyester and polyester filaments, and spans the fields of aluminum processing, new packaging materials, equipment manufacturing, real estate, logistics, finance, commerce, and new energy. The predecessor of the company was the Tongxiang Chemical Fiber Factory, which was founded in 1981. After more than 40 years of development, the group now has more than 100 wholly-owned, controlled, and shareholding companies, including manufacturing businesses and real estate divisions, with total assets exceeding 100 billion yuan. The company is mainly engaged in the production and sale of various types of civilian polyester filaments and blanks, as well as the production of PTA (refined terephthalic acid), which is one of the main raw materials for polyester filaments. The company's main products are all kinds of civilian polyester filaments, including six series of polyester POY, polyester FDY, polyester DTY, polyester composite wire, ITY, and medium strength wire. Corporate honors: 2017 Textile Industry Demonstration Unit for Implementing Intelligent Manufacturing, China Textile Science Federation's Third Prize for Science and Technology Progress, 2017 National Chemical Fiber Industry Standardization Leading Unit, 2016 National Chemical Fiber Industry Science and Technology Leading Enterprise, China Textile Industry Federation's “12th Five-Year Plan” Product Development Outstanding Contribution Award, etc.