The groundbreaking ceremony for Xizi aviation aircraft parts project was held on August 20th, 2012 in Forward Industrial Park of Hangzhou Economic and Technological Development Zone. The project would provide subcontract processing of aircraft parts for home and abroad aviation manufacturers like COMAC, Airbus, and Boeing. It was expected that the project would be completed in the first quarter of 2013 and officially put into operation in the third quarter of 2013. The project would gradually become the manufacturing base of aircraft parts in Forward Industrial Park of Hangzhou Economic and Technological Development Zone, forming an annual output of 300 aircraft parts and 2 million aircraft parts of CNC machines in 2014, being equipped with parts assembly production capacity.

It was learned that the total investment for this project reached 700 million Yuan, which integrated headquarter, R&D, manufacture, and sales. Its annual turnover could reach 1 billion Yuan after completion.