The company was founded in 1968 and put into operation in 1970. After more than 50 years of hard work and innovative breakthroughs, the company has developed into a comprehensive chemical enterprise group with outstanding main business and a complete industrial chain, with total assets of 25.8 billion yuan. It has four major bases of Bincheng Basic Chemicals and Electronic Chemicals, Beihai New Materials, Zhanhua New Energy, and Yangxin Fine Chemical. The industries cover salt chemicals, petrochemicals, fine chemicals, thermal power, new materials, new energy, finance, etc., and its products cover more than 100 countries and regions around the world. In 2021, the Group completed operating income of 24.385 billion yuan, realized profit and tax of 5.099 billion yuan, and paid 3.627 billion yuan in tax. The company's main business is the production, processing and sales of organic and inorganic chemical products. The main products are caustic soda, propylene oxide, etc.