Founded in 1987, Fangda Holding Co., Ltd. specializes in the production and operation of drill bits,chisels, twist drills, saw blades, hole openers,  woodworking tools, cemented carbide and other products with more than 5000 specifications, and invests in real estate, finance, PE and other fields. At present, the company has more than 200 sales departments and special agencies all over the country, as well as in Russia, Ukraine, UAE, Vietnam and other countries. Its products are exported to more than 80 countries and regions such as Europe, America, Middle East, Southeast Asia and Africa. The export volume of the company ranks among the top ten in the city, and it is the leading enterprise in the hardware tool industry of Yueqing City and the national drill bit (Construction Engineering) industrial base in China.

Innovation, harmony, honesty and responsibility are the premise and foundation for the development of Fangda. Through the innovation of management system, the change of operation mode, the adjustment of marketing mode and the promotion of corporate culture, the company gradually realizes the transformation to a modern enterprise. First of all, the agency sales system is implemented in the industry, and the three-level marketing network mechanism of provinces, prefectures and counties is gradually established, so that the market share of the company's products is in a leading position in the same industry in China.

Innovation of science and technology and quality is another "theme" of Fangda's development. The company has strong technical force, perfect testing and testing equipment, advanced management concept. In the same industry of Yueqing City, it has taken the lead in passing the certification of ISO9001 quality management system, ISO14001 environmental management system, OHSAS18001 occupational health and safety management system, SA8000 social responsibility management system and PGM certification of hammer drill.

Since its establishment, Fang University has always adhered to the concept of "society cares for enterprises, and enterprises give back to the society". It has the courage to bear social responsibilities and donate money to the poverty alleviation and relief, the construction of public roads and new rural areas, the funding for poor college students, the construction of hope school and the China Red Ribbon fund. Facing the challenge of economic globalization, Fangda will continue to base on the hardware tool industry, adhere to the market-oriented business philosophy, adhere to the development direction of "internationalization, science and technology, industrialization", vigorously introduce advanced equipment, technology and talents, integrate resources, give full play to its advantages, and strive to shape "Fangda" into an enduring well-known enterprise in the international hardware industry.