The company's predecessor was Shenzhen Yuan Ye Textile Co., Ltd., which was established on July 30th, 1987 1988. 1990 1 changed its name to Shenzhen yuanye co., ltd, and issued shares to the public. 1990 12 10 was listed on Shenzhen Stock Exchange,1992 was suspended due to financial problems on July 7, and 1993 was reorganized and merged. On April 16, 2003, the company's stock was treated by ST because the audit results of two fiscal years were negative net profit.