The company was founded by the Chinese People's Liberation Army in order to provide competition to China North Industries Corporation (Norinco).

Founded in 1984, it is mainly engaged in the import and export business of general merchandise, special equipment, and technology.

[5] In February 2023, the Center for Advanced Defense Studies reported that customs data showed that Poly Technologies shipped navigation equipment to Rosoboronexport for Mil Mi-17 helicopters following the Russian invasion of Ukraine.

[3] Polytech is notable in North America as an early supplier of semi-automatic AK-47-style weapons to civilians.

These modifications of Type 56 assault rifle were available in both 5.56 NATO and 7.62 Soviet ammunition, and have been described as "well-made" by Ian McCollum of Forgotten Weapons.