General Manager Wang Xuewen invested 500000 yuan to establish Linyi Yuanquan Baking Machinery Equipment Co., Ltd. Afterwards, the registered capital increased by 3 million, 5 million, 10 million, 25.8 million, and 50 million yuan, and the company name was changed to "Shandong Yuanquan Machinery Co., Ltd." until now.
General Manager Wang Xuewen invested to establish "Yishui Hongda Machinery Factory"
The company was founded in 1988, formerly known as "Dongguan Xinxing Repair and Maintenance Factory in Yishui County"