The company is a large-scale chemical enterprise group authorized by the Shanghai Municipal Government's State-owned Assets Supervision and Administration Commission through asset restructuring. It is a major pioneer and builder of the Shanghai Chemical Industry Zone. The company is mainly engaged in five core businesses: energy and chemicals, green tires, advanced materials, fine chemicals and chemical services. The company's main products include methanol, acetic acid, ethyl acetate, synthetic gas, truck tires, passenger tires, engineering tires, acrylic acid catalysts, highly absorbent resins, industrial coatings, pigments, inks, household chemicals, etc. Corporate honors: Shanghai Huayi ranked 244th in the 2017 China Top 500 Enterprises, 110th in China's Top 500 Manufacturing Companies, 26th in the Shanghai Top 100 Companies, 11th in the Shanghai Top 50 Manufacturing Companies, and 17th in the Top 500 Chinese Petroleum and Chemical Companies. Huayi Group ranked 4th in the ranking of the top 100 listed chemical companies in China.