The 718 Research Institute is affiliated with China Shipbuilding Industry Corporation, a Fortune 500 company, founded in 1966 and headquartered in Handan, Hebei Province. It is a scientific research unit that integrates scientific research and development, design and production, and technical services for military and civilian industries. There are nearly 2000 employees in the institute, including over 870 scientific and technological personnel, 30 who enjoy national government special allowances, 84 researchers, over 390 senior engineers, 35 master's supervisors, and over 420 scientific and technological personnel with doctoral or master's degrees.