Shandong Yongcheng New Materials Co., Ltd. was established in January 2023 and is situated within the High-end Industrial Park of the Rongcheng Economic Development Zone in Weihai, Shandong. The company boasts a registered capital of 1.21 billion RMB and covers a land area of ​​908 mu. The project—aimed at producing 12,000 tons of high-performance carbon fiber annually—was constructed by Shandong Yongcheng New Materials Co., Ltd. with a total investment of 5 billion RMB. The company specializes in the manufacturing and sales of high-performance fibers and composite materials, with plans to construct six high-performance carbon fiber production lines along with supporting precursor fiber facilities. Phase I of the project commenced construction in March 2023 and was successfully completed and commissioned in August 2024; both Phase I production units achieved successful one-time startups, and the quality of the products is on par with that of peer enterprises within the industry. Based on the operational status of the commissioned project, the implementation of relevant policies, and market demand, the company is currently accelerating the commencement of subsequent project phases while simultaneously expanding its presence further down the industry value chain.

Recently, Yongcheng New Materials received the AS9100D Aerospace Quality Management System certification from Bureau Veritas.

Within the vast expanse of the deep blue ocean, offshore engineering equipment serves as the primary vehicle for marine exploration and resource development, while materials science constitutes the fundamental bedrock that empowers it to forge ahead through the waves.