The company is a joint stock company formed by Zhejiang Shaoxing Xinxing Electromechanical Co., Ltd. as a whole. The company was listed on the Shanghai Stock Exchange on May 2, 2017. The company's main business is to engage in R&D, production and sales of sealed motors for household, commercial and automotive compressors, and to develop and sell DC inverter motor drive controllers. The main products are sealed motors for household, commercial and vehicle compressors, and DC variable frequency motor drive controllers. Corporate honors: Key township enterprises; the best economic efficiency industrial enterprise in Zhejiang Province; the best economic efficiency industrial enterprise in Zhejiang Province; the gold medal of the 8th China New Technology and New Products Fair; the company won the “2022 Best Supplier - Quality Special Contribution Award” by Danfoss and the “Sincere Cooperation Award” jointly issued by four organizations under Changhong Huayi.