Guangzhou Xinyuan Hengye Power Transmission Device Co., Ltd. was establishes in 2001. In order to extend management, complete share system to change the system in September, 2011, the business involves an electric power fitting, electric wire electric cable and import and export trade.

With the company expanding in the wire cable, energy saving carbon fiber composite core wire and fittings, insulators, import and export business, Guangzhou Xinyaun Hengye has transformed into a comprehensive enterprise, and assessed as high-tech ejnterprise in 2008..

On April 3, 2012, the Chinese Power Industry authority of China Electric Power Enterprise Federation of Technical Appraisal, concluded that the aluminium conductor multi-strand carbon fiber core conductor and supporting fittings researched and developed by Fogang Xinyuan "filled the domestic gap and reached the international advanced level ".

In February 2016, the application of Fogang Xinyuan’s aluminium conductor multi-strand carbon fiber core transmission conductor in Haikou power Supply Bureau Project has accessed to "First Prize of Scientific and Technological Progress" of China Southern Power Grid and obtained the third prize of 2016 China Electric Power Innovation Award.