Hangzhou Hongyuan New Materials Co., Ltd. (Hangzhou Fuyang Hongyuan Renewable Resources Co., Ltd.) was established in December 2012, and acquired Hangzhou Haoteng Technology Co., Ltd. in December 2018.It is located in Xindeng New Area, Fuyang Economic and Technological Development Zone, Hangzhou City, Zhejiang Province, with a total investment of 350 million yuan and a plant area of 50,000 square meters. It is a scientific and technological enterprise integrating research and development, production and sales of metal powder and copper salt products.