In 1969, Wanwei Group was founded, and there are six subsidiaries under it. In May 1997, its core subsidiary, ANHUI WANWEI UPDATED HIGH -TECH MATERIAL INDUSTRY Co., Ltd, was listed on the Shanghai Stock Exchange(Stock name: Wanwei UPDATED HIGH -TECH, Code: 600063)

Wanwei Group is an important enterprise of joint manufacturing chemical, synthetic and new materials in Anhui Province. In 2024, total assets will be RMB 15 billion, with operating income exceeding RMB 10 billion for two consecutive years and export earnings of nearly 400 million US dollars. The production and sales volume of PVA and high-strength and high modulus PVA fibers rank the first in China, as well as the comprehensive strength and economic benefits rank the top in the domestic industry. Wanwei Group focuses on its main business, in which it cultivates deeply and works meticulously. The Group continuously extends the industrial chain, broadens industrial scope, and strives to build a development pattern of "one body, two wings". Facing with multiple rounds of industry reshuffle, Wanwei Group have achieved a magnificent transformation called "nine deaths for a lifetime" and become the leader of the national PVA industry.

Wanwei Group deeply implements innovation driven development strategy. It focuses on the development of the new materials industry represented by membrane materials, strengthens cooperation of government, industry, academia, research and application, and accelerates the development of new quality productive forces, and makes effort breaking through key core technologies, then becomes the only manufacturer who has independent intellectual property rights of PVA optical film and automotive PVB film in China. The company has established more than 10 research and development platforms including national level enterprise technology centers and postdoctoral workstations, with 192 patents and 5 provincial-level scientific and technological progress first prizes. In 2023, Wanwei Group was selected as a "world-class professional leading demonstration enterprise" by the State owned Assets Supervision and Administration Commission of the State Council.