The company was founded in December 1998. The company's stock was listed and traded on the Shenzhen Stock Exchange on July 26, 2000. The company was first recognized as a national high-tech enterprise according to the new standards in 2008. The company is mainly engaged in the production and sale of petrochemical products, import and export business, and other businesses such as warehousing and storage services. The company produces 3 series, 10 varieties, and 45 grades of products, including C9 series petroleum resin, C5 series petroleum resin, and polypropylene powder. The company has won the National May 1st Labor Award, Heilongjiang Province's Most Growing Enterprise, National Torch Program Key High-tech Enterprise, National Innovative Enterprise, 19th China Listed Companies Golden Bull Award, 2018 China's Top 500 Petroleum and Chemical Companies, 2019 AAA Credit Enterprise, 2020 “Honest Enterprise”, High-tech Enterprise, Top 86 “Top 100 Enterprises”, “Top 100 Manufacturing Enterprises”, “Top 100 Manufacturing Enterprises in China”, “Top 38 in the “Top 100 Manufacturing Enterprises in Heilongjiang”, “China's Top 100 Manufacturing Enterprises”, and “China's Pentadiene/Pentadiene Diene Alkenes /Excellent manufacturer of dicyclopentadiene”, “China C5/C9 High Quality Manufacturer” and many other honors.