Zhejiang Xinghui New Material Technology Co., Ltd. was established in June 2019 and put into production in October 2019. The company focuses on the R&D, production and sales of carbon fiber composite materials. It is the first domestic technology company with a complete production chain of carbon fiber reinforced carbon composite materials and carbon fiber reinforced resin composite materials.

Currently there are 19 patents in application, including 8 invention patents. The company has passed the certifications of Level 3 Enterprise of Safety Production Standardization (Light Industry) and GB/T19001-2016/ISO9001:2015 Product Quality System. The declaration work for national high-tech enterprises and municipal R&D centers has also started simultaneously, and relevant certificates will be obtained in 2021.