On the morning of August 24, 2017, the "2017 China's top 500 private economy conference and private economic development summit", which is jointly organized by the National Federation of Industry and Commerce and the Shandong Provincial Government, was held in Jinan. A high-profile list of China’s 500 private enterprises is announced in the meeting. Among the list, Shandong Innovation Metal Technology Co.,Ltd. ranked No.103, and of which ranked 13th in Shandong enterprises on the list.