Xuchang Tengfei Municipal Engineering Group, formerly known as Xuchang Municipal Company, is a public utility established by 1958, and 1984 was changed to self-supporting. At the end of 2004, the province took the lead in restructuring the municipal industry, and the operating mechanism was transformed from commercial enterprises to state-owned enterprises, and the pillar industries were restructured from municipal construction to real estate development, and from single project construction to diversified industries. Tengfei Municipal Group has developed into a group enterprise integrating municipal engineering construction, real estate development, construction and installation, urban investment and construction, property management, commercial concrete sales, bridge slab prefabrication, cement component prefabrication, asphalt concrete mixing, concrete brick production, furniture sales and other diversified industries. The group company has 9 independent legal person subsidiaries, with more than 30,000 employees (including retired employees), with a total registered capital of 350 million yuan and fixed assets of about 1 100 million yuan.