Founded in 2001, Zhengyu Group has a registered capital of RMB 13, 188, a fixed capital of RMB 0.18 billion, and a floor area of 100, 000 square meters. The company is located in Dongying Guangrao Economic Development Zone at the beautiful and rich Yellow River Delta. It integrates independent R & D, design, manufacture, sale and international trade. With self-run import and export right, the company sells its products in most parts of China and exports its products to dozens of countries and areas such as Africa, Southeast Asia, the Middle East and South America, forming a network system in which the three markets, namely mating service, foreign trade and maintenance, develop in a coordinated way.

Under the tenet of "User Uppermost, Quality First, Credible, Pragmatic, Innovative" and the development philosophy of "Advanced Technology, Scientific Management, High-quality Products, Sincere Service" and relying on advanced technical equipment, exquisite technology and excellent technicians, the company has made constant development. Now the company can produce more than 100 kinds of products including cargo truck section steel ring, light truck series, 50DC, 150DC and engineering machinery wheel, etc., basically meeting demand of global truck and passenger car users. The company has successively passed certification of ISO9001: 2000 Quality Management System, certification of 16949 Quality Management System, CCC, Safety Certification and certifications of DOT and ECE. It has been successively listed as provincial "Demonstration Enterprise" and "Key Protection Enterprise", as well as contract-abiding and promise-keeping "High-tech Enterprise" and "Credit Unit".

In 2011, according to supply and demand of wheel and development potential of domestic and international markets and in combination with the practical situation of continuous market expansion and sales expansion of products of the company, the company decided to start the project of aluminum-magnesium alloy wheel.