On December 31, 2022, the PM11 of Golden Phoenix Paper (Xiaogan), which is the first production line of its annual output 700,000 tons project, has successfully tested for running.

Henan Zhongya Intelligent Technology and Baixiang JinBaoShi Group is cooperating on a 6600/1200m/min 3PLY Paper Machine project for packaging and decoration new materials with the annual capacity of around 800,000 tons