Established in 2017, it has 7 holding subsidiaries. It is a non-state-owned profit-making organization integrating design, research and development, manufacturing, sales and service of grinding wheel products in the abrasives industry. Its own abrasive tools brands "Yongmo", "Jinshihang", "Shihang", "Yuenuo" and other cutting, grinding and polishing series products (cutting discs/grinding discs/abrasive wheels).