Founded in 1994, the company is a technology-based enterprise specializing in OEM processing of precision bearing rings. It is a supporting supplier recognized by the top international bearing companies SKF and FAG as well as many large domestic bearing companies. The company mainly produces "deep groove balls" Bearing rings, "hub" bearing rings, "cold rolling" bearing rings, "clutch" bearing rings, "short cylindrical" bearing rings, "needle roller" bearing rings and automotive parts products. The company has self-operated export rights, and its products are exported to Europe, North America, South America, Southeast Asia and other countries. The registered trademark "Hengli" is a famous trademark in Shaoxing City, Zhejiang Province. The company passed ISO9001:2000 management system certification in 2003 and ISO/TS16949&ISO14001:2004 management system certification in February 2010.

The company's business goal is to develop the company into a first-class bearing parts manufacturing group in China, and to become an enterprise with customer satisfaction, employee pride, and shareholder recognition. "czz-blhl" is the company's trademark and logo, which is taken from the first letters of the key words in the company's business philosophy of "honesty and confidence, achieving outstanding performance".

The company now has two main production bases, Xinchang Hengli and Shengzhou Demei, and adopts a group company operation model for the two production bases.