"Low rolling resistance energy-saving steel cord conveyor belt project" of the Group entered provincial major projects of independent innovation achievements. This is a big achievement of technology project of our Group.

Shandong Province major project of independent innovation achievement is the provincial government to accelerate the transformation of independent innovation, fostering the growth of high-tech industries with independent intellectual property rights and improve the overall quality of the province's economy and competitiveness. Focus on fostering strategic emerging industries, greatly improve enterprise innovation level and innovation ability, upgrade the province leading and dominant industries in the core competitiveness, extend the industrial chain, and improve industrial structure adjustment and economic development. Project selection highlight the dominant position of enterprises, highlight combination of industry, and focus on supporting broad market prospects and extending the industrial chain of major scientific and technological achievements project.

The Group has always attached great importance to technological innovation to invest heavily in building up a high level of technical R & D center, recruit a group of world-class technical experts and with the Beijing University of Chemical Technology, Shandong University, Qingdao University and other universities to establish a stable production academic and research partnerships, technology innovation at the forefront of the global industry. The latest development of energy-saving low-rolling resistance steel cord conveyor belt was fully learned design concepts and advanced technology, by adjusting the conveyor belt under the cover rubber formula, to reduce the energy consumption of the drive to achieve energy saving purpose. According to calculation, after the use of this kind of conveyor belt, the system is running at full capacity for more than 12% energy saving. At the same time, it can save about 20% of the fixed investment costs. In 2009, through the provincial technological achievement appraisal of low rolling resistance energy-saving conveyor belt, it has reached the international advanced level to fill the gap. Around the product, the company reported five patents, two of which are invention patents.