Zhejiang Hongyan Technology Co., Ltd. is a subsidiary of Shanghai Shenergy (Group) Co., Ltd. (a Fortune 500 company in China). Currently, Hongyan Company is relocating its production base as a whole: This project is located in the modern industrial cluster of Xianju County, with an area of ??46,023 square meters and a total construction area of ??50,000 square meters. The main construction content includes new production lines, plants, warehouses, power houses, three waste treatment stations and administrative buildings, etc. The total investment is CNY 300 million. The construction unit is Zhejiang Hongyan Technology Co., Ltd.. The construction period is from March 2021 to February 2022 for the first phase, and March 2022 to 2024 for the second phase. It is planned to achieve sales of CNY 700 million after reaching production capacity.