The Zhongfu Shenying project, with an annual output of 25,000 tons of high-performance carbon fiber, has officially begun operations in Xining, Qinghai. This project, invested by CNBM Group’s affiliated company - Zhongfu Shenying, is the largest high-performance carbon fiber production base globally and requires a total investment of RMB 5 billion. The products manufactured at this base have wide applications in strategic emerging sectors such as aerospace and new energy. China has achieved self-sufficiency in high-performance carbon fiber and is now one of the three countries worldwide that possesses the technology.