Poly Group, formerly known as Poly Technology Co., Ltd. established in February 1983, is a large central enterprise managed by the State owned Assets Supervision and Administration Commission of the State Council. China Poly Group Co., Ltd. adheres to the purpose of "serving the modernization of national defense and the modernization of the country", the business philosophy of "integrity, innovation, and keeping pace with the times" aimed at "protecting commercial interests", and the core values of technological innovation. In the fierce domestic and international market tide, it has worked hard to create and strive for self-improvement, and has now formed a "five wheel drive" development pattern with military civilian goods trade, real estate development, cultural and artistic management, investment and development in mineral resources, and civilian explosive technology as its main businesses. In August 2016, China Poly Group Corporation ranked 96th in the "2016 China Top 500 Enterprises". On July 12, 2017, China Poly Group Corporation was awarded the A-level operating performance evaluation by the State owned Assets Supervision and Administration Commission for the year 2016. On January 2, 2018, Poly Group announced at the Shanghai Clearing House that it had successfully completed its corporate restructuring and changed its name from "China Poly Group Corporation" to "China Poly Group Co., Ltd." On July 19, 2018, it was ranked 312nd on the Fortune Global 500 list. In July 2019, it was ranked 242nd on the Fortune Global 500 list. On September 28, 2020, it was ranked 26th on the 2020 China Service Industry Enterprise 500 list.