Shanghai Xinyi Pneumatic Components Co., LTD. (production and sales of pneumatic components related products) was founded in November 1988, located in Shanghai Qingpu County (now the district) Huaxin town, is China's early pneumatic components Sino-foreign joint venture, registered capital of 300,000 US dollars, when it was established only dozens of employees, production equipment is relatively simple several lathes. Mr. Zhang Cungen is the company's director, general manager, chief engineer, with the concept of "science and technology to revive the factory", began the road of entrepreneurship (Mr. Zhang Cungen became the company's vice chairman in 2006).
1996 invested $500,000 to establish Shanghai Quanwei Automation Components Co., LTD. In 2000, Shanghai Chengyou Machinery Co., LTD., the predecessor of Shanghai Xinyi Pneumatic Engineering Co., Ltd. was established with 350,000 US dollars. 2005 invested 500,000 yuan to expand the plant; In November 2007 and August 2008, it increased the capital of Shanghai Xinyi Pneumatic Engineering Co., Ltd. twice, with a total increase of $900,000; During the period, a total of 9.5 million yuan was invested in the plant expansion and technical transformation, and the annual production capacity of 2.25 million pneumatic components can be achieved after completion. In 2008, Shanghai Xinyi Pneumatic Components Co., LTD., Shanghai Quanwei Automation Components Co., LTD., Shanghai Xinyi Pneumatic Engineering Co., Ltd. was restructured. In September 2013, Shanghai Xinyi Pneumatic Components Co., Ltd. absorbed and merged Shanghai Xinyi Pneumatic Engineering Co., LTD., the registered capital of the merged company was 1.65 million US dollars, and the total investment was 1.88 million US dollars.