Fujian Haiyuan New Material Technology co., Ltd. is a wholly-owned subsidiary registered by Haiyuan Composite Materials Co., LTD. (stock code: 002529) to expand the business of composite materials; Fujian Haiyuan New Material Technology Co., ltd was founded in 2012, with a registered capital of 380 million yuan, it is located in Jianyang District, Nanping city, Fujian province; Relying on the parent company's advantages in composite material equipment and technology, Haiyuan New Material is committed to the research and development and manufacturing of glass fiber, carbon fiber, plant fiber and other composite material products in the application field.