The company is shifting its development focus from spandex to new materials such as aramid fiber, and around the two core products of meta-aramid fiber and para-aramid fiber, it continues to extend the industrial chain and build an aramid fiber industrial cluster. 20 10 acquired Yantai Yuxiang Fine Chemical Co., Ltd. and set foot in the production of aramid raw materials; 20 1 1 participated in Yantai Minshida Co., Ltd. and intervened in the downstream aramid paper business, laying a solid foundation for entering the fields of electrical insulation, aerospace, transportation and so on.

The 12th Five-Year Strategic Development Plan for Emerging Industries provides the company with rare opportunities for development. The company will take this opportunity to give full play to its technological advantages, continuously increase investment, strengthen and expand the company's new materials business, and give greater returns to shareholders and society.