The company was established in 2007, with plant of 25, 000 square meters. The main business are researching, producing and selling of vanadium products. In order to improve the industrial chain, the company had registered a capitalization subsidiary in Xiangxi autonomous prefecture, Hunan province, China, in 2011, which is named Hunan HANRUI Mining Co., Ltd. Now, the company has invested 220 million CNY into fixed assets, and hired more than 400 staff, including 3 Doctors and about 160 bachelors. It owns 40 sets of advanced production equipment with independent intellectual property, which can produce 2, 400 tons vanadium nitrogen alloys annually. Then the Hunan HANRUI mining can produce 2, 000 tons high purity vanadium per year. Total sales revenue are about 450 million CNY by one year. The company pay a lot of attention to research & development and own the research institute, which successfully developed vanadium battery for energy storage. So, it has founded a solid base for a bigger and stronger vanadium industrial chain.