The company, formerly known as Ningxia Shengxue Co., Ltd., was approved by Ningxia Hui Autonomous Region Economic System Reform Commission [1998] No. 47 “Reply Letter on Establishing Ningxia Shengyue Co., Ltd.” and was jointly established by Ningxia Shengyue International Enterprise Group Co., Ltd., Beijing International Power Investment and Development Co., Ltd., Ningxia Jiayuan Velvet Co., Ltd., Shanghai Jinqiao (Group) Co., Ltd., and Shanghai Nanfeng Investment Co., Ltd., registered with the Ningxia Hui Autonomous Region Administration for Industry and Commerce on September 15, 1998. The company's main business is trading in cashmere and cashmere products, production and sale of cathode materials for new energy lithium batteries, graphitization processing of anode materials, special graphite materials business, and power exchange business for two-wheelers for lithium battery applications. Main products: Cashmere and cashmere products trade, cashmere supply chain service business, new energy lithium battery cathode material business, lithium battery application side business, special graphite business.
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