 It was established on June 1, 1949 and produces Western instruments such as pianos and accordions as well as traditional Chinese musical instruments such as "yangqin", "ruan", and "sheng".The company has nearly 4,000 employees  and is one of China's largest manufacturers of pianos.They company's total assets as of 2008 were 629,000,000 Chinese yuan, its area is 300,000 square meters, and its floor space is approximately 170,000 square meters.