The company was found in April 1999, which is a joint stock limited company initiated by four companies under the former Hunan materials industry group to spin off high-quality assets to form the Southern building materials group, also listed on the Shenzhen Stock Exchange in July of the same year (Stock Code: 000906). In June 2008, the controlling shareholder of the company was changed to Zhejiang Materials Industry International Co., Ltd and officially entered the state-owned assets system of Zhejiang Province; in January 2016, Zhejiang Communications investment group Co., Ltd became the controlling shareholder of the company; in August 2018, the company has officially moved its registration location from Changsha, Hunan to Hangzhou, Zhejiang. In 2020, the business scale and operating profit of the company stroke a record high again. By the end of the year, the company realized a total revenue of 108.977 billion yuan, a total profit of 822 million yuan, a total asset of 18.199 billion yuan and a net asset of 4.412 billion yuan, further consolidated the foundation for future development. In the first quarter of 2021, the company realized operating revenue of 36.309 billion yuan, a year-on-year increase of 133.36%; non-net profit attributable to parent deduction was 177 million yuan, a year-on-year increase of 203.43%, and performance continued to realize rapid growth.