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In Dec 1998, the company is established, the company is specialized in manufacturing and selling of various types of mechanical parking system, car lifts and garage automatic toll collection system management. The company also achieved the whole process of production, sale, installation and maintenance.

In 1999, for the first time the company undertook and accomplished the manufacturing and installation of three level mechanical parking system at Shanghai TV Station (128 parking spaces), the system is still in good condition. The company also was rewarded the medal of “rapid response of maintenance” by Shanghai Media Group, meanwhile the company established the subsidiary of Shanghai Baigeda Parking Facilities Maintenance Company which is specialized in maintaining various types of parking systems, car lifts and garage automatic toll collection system management.

In 2000, the company entered Nanjing market and successfully completed the manufacturing and installation of mechanical parking system at Nanjing Yincheng Property Development Group. Due to the high quality of the system and excellent service of the company, Nanjing Yincheng became the long term strategic partner of the company and Yincheng rewarded the company the title of “Yincheng Property Development Group’s gold partner”. Meanwhile the company established the subsidiary of maintenance in Nanjing.

In 2002, the company introduced the technology of German KRUPP and Italy INTERPARK, and meanwhile the company also introduced three CNC cold rolling lines from Italy. The efficient cold rolling lines produce the country's first production of a variety of different sizes galvanized plate which not only has strong strength but also has good appearance.

In 2004, the company became the first to obtain the national license of manufacturing, installation and maintenance and the company’s trademark “” is registered successfully in the State Trademark Bureau.

In 2004, the company won the bid of project “Shanghai Wealth International Plaza”, the project is the biggest mechanical parking system project in Shanghai and it includes 707 parking spaces.

In 2005, the company won the bid of project “Xidi nation”, the project is the largest parking system project in China, and it includes 3470 parking spaces.

In 2006, the company successfully entered Wuxi market by signing the contract with Wuxi Yincheng Property Development Group. A few years later, the company signed the contract with Jinke Property Development Group. Until now, the company installed 2700 parking spaces in Wuxi.

In 2010, the company won the bid of project “Tianjin Yangguang Xingqiba” which is the largest parking system project in Tianjin, it includes 1011 parking spaces. Meanwhile the company was awarded the title of “2010 mechanical parking equipment industry outstanding enterprises”.

In 2011, the company became the high-tech enterprise in Shanghai, the vice chairman unit of China Heavy Machinery Industry Association parking facilities committee and 2011 year mechanical parking equipment industry outstanding enterprises. The company also won the title of 2011 best Progress Award industry annual sales top ten units.

In 2012, the company successfully won the bid of project “Jiaxing Dongfang Puluowangsi”. In the same year, Cibao became "the year's most influential mechanical parking equipment brand", the 2012 mechanical parking equipment industry outstanding enterprises and the annual sales of ten units. The general manager, Linghua Jiang was also awarded the title of "Outstanding Entrepreneur in mechanical parking equipment industry".

In 2013, the company successfully won the bid of project “Xian Zhongjing Technology Plaza (1062 parking spaces)”.Additionally, the company became the vice chairman of the Shanghai Parking Service Industry Association, the AAA level mechanical parking equipment enterprise of manufacturing, installation, maintenance, 2013 year mechanical parking equipment industry outstanding enterprises and the annual sales of top ten units.

According to the statistics till December 2013, the company has undertaken the construction of 300 mechanical parking garages, and more than 40,000 parking spaces, 54 car lifts and 16 garage management system are in use.

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