Zhenshi Yongchang Composite Materials Co., Ltd. (formerly Yongchang Jishui Composite Materials Co., Ltd.) was established in 1993 with a registered capital of 100 million yuan and a fixed asset of 570 million yuan. The production capacity is 80,000 tons of fiberglass pipelines, storage tanks and other products, and the registered trademark Yongchang (Jinbo) brand. Headquartered in Urumqi, Xinjiang, China, the factory covers an area of ​​460,000 square meters. The company also has production bases, branch companies and offices in Yili, Hotan, overseas and other places. The company's production scale, equipment, technical level, product quality and market share are all the first in China's fiberglass pipeline industry, and is China's largest fiberglass pipeline manufacturer.

The company has introduced a complete set of advanced pipeline production and testing equipment at home and around the world. The product is completed from design to molding by computer control. The product has been inspected by the China FRP Quality Supervision and Inspection Center, and all performance indicators have reached high-quality standards. The company has passed the ISO9001 quality management system, ISO14001 environmental management system, and GB/T28001 occupational health management system certification, and has established a complete set of scientific and complete quality assurance measures and management rules and regulations. The company also invested a lot of money and time to complete the HDB hydrostatic pressure test of fiberglass pipelines and SB bending strain experiments, which strongly proved that the service life of Yongchang (Jinbo) brand fiberglass pipelines is greater than 50 years, and it was completed by China's fiberglass pipeline manufacturers. the enterprise that tests.

The company's products have been widely used in various fields such as petroleum, chemical industry, electricity, water conservancy, municipal construction, environmental protection, food processing, agricultural development, etc. The products not only cover the domestic market, but also export to Europe, America, Southeast Asia, Central Asia and Middle East countries. It has been unanimously praised by users at home and abroad. The company currently has continuous winding, centrifugal casting and fixed-length winding production lines in fiberglass pipelines, and is a manufacturer in the industry that has three production processes at the same time. In recent years, the company has also undertaken a number of BOT and BT projects in the water industry with its strong capital, management and technical strength, and has gradually realized the development strategy of extending the enterprise value chain.

Zhenshi Holding Group Co., Ltd. (hereinafter referred to as "Zhenshi Group"), a holding company of Zhenshi Yongchang Composite Materials Co., Ltd., currently has more than 30 controlling (stakeholder) subsidiaries, with an asset scale of more than 20 billion yuan. It owns China Giant Stone. Co., Ltd. [Stock code: China Jushi (600176, SH)] and Zhenshi Group Hengshi Fiber Base Co., Ltd. [Stock code: Hengshi Fiber Base (01197, HK)] two listed companies, as well as Zhenshi Yongchang and Yushi International Logistics Co., Ltd., Huamei New Materials Co., Ltd., Oriental Special Steel Co., Ltd. and Zhenshi Hotel Co., Ltd. Zhenshi Group attaches equal importance to investment and industry, and has formed a strategic pattern of diversified development of fiberglass products, composite materials, logistics, special steel, real estate and hotels.

In the future development, the company will take the internationalization of talents as the foundation, the internationalization of market as the core, and the internationalization of technology as the leader, carry forward the corporate spirit of seeking reality, integrity, dedication and innovation, and strive to achieve greater in the fields of fiberglass pipelines and water engineering. achievements.