In May 2004, Changcheng Group set up Zhongchi Consortium Investment Co., Ltd. with seven firms and Ye Xiangyao has been appointed as chairman of the consortium. The consortium is the first in China that proved the pioneer spirit of the Wenzhou People again.

    In 2002, some products of Changcheng Electric Group went into the China Petrochemical, China National Petroleum, Qinshan Nuclear Power, the Three Gorges water conservancy, Jiuquan Satellite Launch Center, which are the world's top 500 enterprises and national key construction projects by advanced technology and excellent quality.

    Changcheng Group launched a property rights system and the reform of management system in 2001 and began a multivariate run, covering mining, energy, real estate, information, logistics, and so on. In May 2001, Changcheng Group has been hired a professional managers as president to implement the responsibility system of president. And Changcheng Group has also established a standardized parent-subsidiary corporate structure and nine professional subsidiary, fully mobilized the enthusiasm of subsidiaries. The same year, the Group invested 250 million yuan to build Changcheng High-Tech Park. The park will double enterprise size and value, and achieve adjustment of product structure and industrial structure of Changcheng Group after the completion.

    In 2000, Changcheng Group established the first corporation limited named "High-Tech" in the whole province¡ª¡ª" Zhejiang Changcheng High-Tech Co., Ltd. " And with cooperation with Tsinghua University, they developed" the technology of frequency conversion controlling." Successfully. Because of its level of the world's leading technology, DC inverter air conditioning controller get 100 million in unpaid support by National Science Technology Innovation Fund. At the same time, they also have been developed and put into high-tech production, "the central frequency of small fuzzy controller", "Intelligent fuzzy controller box stride" and so on other.

    In 1999, Changcheng Group cooperated with the German Siemens Group to develope a series new products of medium-voltage and high-voltage with excellent quality. Later DT8 the functions of reactive power compensation device was developed. This product could be long-distance transmission, controlling and switching, so it played an important role in management of electrical automation of the country. At the same time, the electrical products of Changcheng Group enterd the Siemens sales network.

    In 1997, Changcheng became a national non-regional group, and then passed the ISO9000 quality system demonstration.The brand reputation of Changcheng Group was growing fast, products further trended seriation. Changcheng Group had rapid increase in market share and significantly enhance the business advantage. In the same year, the Group headquarters was moved into Changcheng mansion which is one of the symbolized building in Liushi, and set up a Group of research institutes to become the cradle of personnel training and reserve advanced personnel for the 21st century. At the same time, research institutes developed new products, increased technological content of products and accelerated updating.

    In 1993, Changcheng Group issued a series of personnel incentives and speeded up the internal training and external introduction. He cooperated with the well-known colleges and research institutes to introduce talent and high technology.

    In May 1988, he formed a joint-stock factory named Yueqing Changcheng Electrical Components Factory. Through a joint capital and personnel, the enterprise enlarged scale, strengthed capital and technology. The kind of product raised from 3 to 10, the product sales had a significant increase, and the value of output growed from 20,000 to 2,000,000. It dveloped from a family workshop to a medium enterprise in Wenzhou.