According to Aiqi official website, Sanxiang New Materials and Sanxiang Technology are not the same company. Sanxiang New Materials Co., Ltd., established in 199 1, located in Ningde City, Fujian Province, is an enterprise mainly engaged in nonferrous metal smelting and rolling processing industry. Sanxiang Technology is a national "professional and innovative" small giant enterprise, which was established in April 2003 with a registered capital of 83.8 million yuan and registered in Huangdao District, mainly engaged in the research, development, production and sales of automotive hoses and their assemblies.