The company is a wholly-owned subsidiary of Baofeng Energy, incorporated in December 2025 with a registered capital of 1 billion yuan. Located in the Linhe Industrial Park within the Ningdong Energy and Chemical Base, it serves as the primary operating entity for the group’s fine chemicals division. Its business scope encompasses the manufacturing and sales of specialty chemical products, basic chemical raw materials, and synthetic materials.

Leveraging byproducts from the group’s coal-to-olefins and coking operations, the company has expanded into high-value-added fine chemicals, such as styrene. The group’s 200,000-ton-per-annum styrene plant began producing qualified output in 2023, and additional projects—including a 100,000-ton-per-annum vinyl acetate plant and a 100,000-ton-per-annum needle coke facility—have since been completed. These developments are driving a shift in the product portfolio from bulk basic chemicals toward fine chemicals and new materials.