YiHong Yachts was established. The group is mainly engaged in real estate development and involves in automobile equipment, property management, catering, leisure and tourism services.

YiHong Yachts entered the yacht industry, purchased 1,000 acres of industrial land, acquired Italian designer's brand: Aquitalia, and started yacht OEM and independent brand production.

On the basis of yacht production experience, YiHong Yachts has expanded its special vehicle production business, obtained the special vehicle production qualification approved by the Ministry of Industry and Information Technology, and started the production of its own brand RV.

YiHong Yachts was listed on the NEEQ stock market and became the "No. 1 Yachting Share in China" with a market share of 21% of luxury yachts.

The Sea Stella Yachts Club was transformed into a social platform for business elites and successfully operated.

YiHong Yachts and RV started the research and development business of new energy boats.

Yihong established XiJie Brand Management Co., Ltd. and started its own brand incubation.

In 2022, Yihong Yachts had started to produce electric products and then successfully delivered a 68 Feet Electric Yacht and a 41 Feet Electric Boat. At the same time, Yihong Yachts have developed 14 Feet Smart Electric Yacht successfully and will deliver in early 2023.