The company's predecessor was a supplier of timing chain transmission systems and components for automotive engines, providing support to domestic OEMs such as Shanghai Automotive, Dong'an Power, Jiangling Motors, Changan Automobile, Geely Automobile, Yunnei Power, Great Wall Motors, Shenyang Aerospace Mitsubishi, Dalian Deutz, etc. Later, it transformed to focus on sales and technical services in the field of cutting tools. The company's technology focuses on providing customers with overall cutting tool solutions. The company has its own cutting tool brand (Haoyu), and also acts as an agent for Mitsubishi in Japan, distributing cutting tool brands such as Sandvik, Kenner, Isca, Kyocera, Zhuzhou Diamond, Arno, and Huarui.