Guangway group ltd., weihai city, was established in november 1987 in the new technologies industrial development zone of the sea torch. It is a comprehensive group company that combines fishing gear manufacturing, the production of new materials, the processing of automobile parts and components, real estate development and the sale of related products. The company's total assets were $3. 369 billion, net assets were $1,948 million and employees were over 3,500. Based on the development of the fishing gear industry, companies continue to develop other industries. Following the unremitting efforts of the guangweis, in 2014 the sub-company of the group formed two systems, namely, outdoor equipment and composite material systems, consisting of 19 subsidiaries, 17 commercial state fishing gear chains and 4 joint ventures. Since its establishment, the guangwei group has been highly skilled and well equipped to combine production, scientific research and trade. It is a large fishing gear industry and a large carbon fibre and composite material production base. Products are marketed in more than 50 regions of the world, with brand agents in 18 provinces and municipalities. Annual sales amounted to $2. 29 billion, exports totalled $73. 6 million, and interest taxes totalled $280 million. With reliable product quality and higher corporate credibility, the company has been certified by the international iso system of quality and environmental management, established the carbon fibre engineering laboratory, and has been awarded the honorary title of the light industries enterprise. The company has always adhered to the purpose of "self-reliance, hard work, advanced technology, pursuit of extraordinaryness" and the principle of "dispensiveness, courtesy and filamentality" in its life, making friends with a sincere service attitude and qualified corporate credibility。