The company was approved by the People's Government of the Xinjiang Uygur Autonomous Region (1999) No. 173, initiated by the Xinjiang Abi Lake Agricultural Industry and Commerce Joint Enterprise Corporation (renamed Xinjiang Abby Lake Investment Co., Ltd.) as the main sponsor. It was registered with the Xinjiang Uygur Autonomous Region Administration for Industry and Commerce on December 22, 1999, and is headquartered in Shuanghe City, Xinjiang Uygur Autonomous Region. The company's stock was listed and traded on the Shanghai Stock Exchange on January 7, 2004. The company's main business activities are the acquisition, processing and sale of cotton. The company's main products include lint, cotton yarn, phenolized cottonseed protein, phenolized cottonseed oil, calcium oxide, logistics transportation, warehousing, rental services, etc.