The company was founded in August 1999 and listed on the main board of the Shanghai Stock Exchange in April 2017. The company is a long-term partner of many internationally renowned auto parts sellers, and also provides supporting products for some automobile manufacturers such as Daimler. The company is mainly engaged in R&D, production and sales of friction materials and braking products. The company's main products are automobile brake pads, automobile brake discs, rail transit brake pads and industrial brake products. Corporate honors: It has won hundreds of honorary titles, including a national auto parts export base enterprise, a leading enterprise in China's auto parts brake lining industry, a leading enterprise in China's friction and sealing materials industry, China's top ten well-known enterprises in the auto parts industry, a star enterprise with Chinese patents in Shandong Province, an outstanding private technology enterprise in Shandong Province, and an intellectual property demonstration enterprise in Shandong Province.