With a total investment of approximately 400 million yuan, the company has completed the first-phase investment of 200 million yuan and constructed China’s first automated and intelligent resource comprehensive utilization production line, with an annual processing capacity of 50,000 tons. Its main products, including chromium trioxide, high-end chromium hydroxide, and precious metals, are widely used in metallurgy, pigments, catalysts, and new energy materials.

        The company’s predecessors were Xianju County New Century Materials Factory (2005–2014) and Zhejiang Jinge New Materials Technology Co., Ltd. (2014–2021). In 2021, due to resource consolidation in the industrial park and transformation for upgrading, the government reallocated land for the establishment of Zhejiang Hongyan Technology Co., Ltd., where modern workshops and automated production lines were built. The new production line commenced operations in August and is projected to achieve annual sales revenue of approximately 700 million yuan, generating nearly 100 million yuan in tax revenue and profits.

        Collaborating with renowned domestic universities and research institutions, the company emphasizes talent recruitment and development, actively engaging in technological research and innovation. As a result, its precious metal refining technology and chromium resource comprehensive utilization technology have reached leading levels in the industry. Upholding the values of "shared vision and collaborative building," the company fosters a team culture of responsibility and mutual success, striving to become a globally leading benchmark enterprise in resource recycling and comprehensive utilization, as well as a practitioner of green and low-carbon economic development.

        Recently, a Fortune Global 500 company has been in negotiations with the company regarding equity cooperation, with an agreement expected to be signed around November.