The company's predecessor was the former Taizhou Yiju Electromechanical Co., Ltd. Yiju Electromechanical Company was jointly funded by Wenling County Changcheng Electric Appliance Factory and Xiang Zuming. It was registered with the Taizhou Administration for Industry and Commerce on May 21, 1993, and listed and traded on the Shenzhen Stock Exchange on May 25, 2021. The company is mainly engaged in R&D, production and sales of civilian water pumps. The company's main products include land pumps, small submersible pumps, well submersible pumps, circulation pumps and energy-saving pumps. Corporate honors: High-tech enterprises, Zhejiang “specialized, special and new” small and medium-sized enterprises, Zhejiang “invisible champion” enterprises, 2021 next-generation information technology and manufacturing integration development pilot demonstration enterprise (network collaborative manufacturing direction), Zhejiang manufacturing certification - submersible pump, Zhejiang export brand - TAIFU, Zhejiang AAA “contract-abiding and credit-worthy” enterprises, Taizhou Municipal Green Factory, Taifu Pump Energy-saving Pump Smart Factory 2022 first batch of provincial smart factories (digital workshops), Zhejiang Credit Honors include management demonstration enterprise, intelligent booster pump gold medal at the 11th China International Fluid Machinery Exhibition in 2022, green supply chain management enterprise (national level), and Zhejiang water-saving benchmark enterprise.