The company is a key high-tech enterprise of the Torch Program specializing in the manufacture of renewable resource processing equipment. On 2011/12/20, it was successfully listed on the Shenzhen Stock Exchange, involving business sectors such as renewable resource equipment and operation, elevator parts, and comprehensive utilization of rare earth waste. It is the vice president unit and executive governing body of the China Scrap Steel Application Association, the China Renewable Resources Recycling Association, the China Circular Economy Association, the American Waste Recycling Industry Association (ISRI), and the Middle East Recycling Administration (BMR). The company's main business is divided into two major segments: “renewable resources” and “elevator parts”. Among them, the “renewable resources” segment business mainly includes R&D, production and sales of renewable resource processing equipment, and renewable resource operation; the “elevator parts” segment business mainly involves R&D, design, manufacture and sale of elevator signal systems and safety components. Renewable resource processing equipment products mainly include all kinds of equipment such as metal crushing, hydraulic shearing, metal packaging, metal briquetting, etc., various types of non-metallic packaging and compression equipment, and scrapping equipment for end-of-life vehicles. The renewable resources operation business mainly focuses on scrap steel processing and trade, comprehensive recycling of end-of-life vehicles, and comprehensive utilization of rare earth recycled materials. The company's honors include Jiangsu Province Management Innovation Demonstration Enterprise, China Circular Economy Association Executive Director Unit, and China Scrap Steel Application Association Vice Chairman Unit.
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