The company's predecessor was Ningbo Construction Engineering Company, founded in July 1951. In December 2001, the company took the lead in completing state-owned enterprise restructuring among similar state-owned construction enterprises in Zhejiang Province. On August 16, 2011, the company made an initial public offering of A-shares and was officially listed on the Shanghai Stock Exchange. The company's main business is surveying, design, construction and installation of housing construction projects; the design, construction of municipal roads, bridges, landscaping, building decoration, and the production and sale of ready-mixed commercial concrete, cement prefabricated components, steel structures, prefabricated buildings, etc. The company's main products are housing construction engineering survey, design, construction and installation; municipal roads, bridges, landscaping, building decoration, design, construction and ready-mixed commercial concrete, cement prefabricated components, steel structures, prefabricated buildings, etc. Company honors include the 6th place in Ningbo's “Top 20 Real Estate and Construction Taxpayers”, “Zhejiang Advanced Construction Industry Enterprise”, and “Zhejiang Advanced Construction Industry COVID-19 Prevention and Control Unit”.