The company was founded in 1992, formerly known as China Textile Machinery Factory. It is a company limited by publicly issuing A and B shares in China and listed on the Shanghai Stock Exchange. It is an enterprise mainly engaged in the manufacturing of special equipment. The main operating entity of the company is Chifeng Ruiyang, a wholly-owned subsidiary, whose main business is the production and sale of fine chemical products. The main products are pentaerythritol series products such as industrial pentaerythritol, industrial pentaerythritol, industrial tripentaerythritol, premium pentaerythritol, etc., trihydroxymethylpropane series products such as industrial trihydroxymethylpropane, industrial bis-trihydroxymethylpropane, etc., edible alcohol and the main by-product DDGS feed.