Ningxia Dayu New Material Technology Co., Ltd. was established in September 2017. The company has a registered capital of 22 million yuan and is located in the Ningxia Hui Autonomous Region, which is known as "Jiangnan on the Fortress". It is Qingtongxia's key investment attraction enterprise in 2017. In response to the economic work ideas and work arrangements of "two cities and five parks" and "promoting industry and strengthening the city" formulated by the Wuzhong Municipal Party Committee and Municipal Government, it was selected to invest in the New Materials Base Industrial Park of Qingtongxia City. Construction of an anti-wrinkle and anti-shrinkage resin (stiffening agent) project with an annual output of 30,000 tons. It is a technology-based enterprise integrating the research, development, production, operation and sales of modified melamine formaldehyde resin products.