The company was founded in 1993. It is a limited company established by the former Dongying Paper Mill using targeted recruitment methods. It was listed on the Shanghai Stock Exchange on September 28, 2000. The company is one of the top 500 Chinese enterprises and the top 100 listed companies. The company's main business is paper and chemicals. The company's main products include newsprint, coated paper, cultural paper, industrial paper, wrapping paper, caustic soda, liquid chlorine, propylene oxide, aniline, etc. Corporate honors: “Advanced Unit for Comprehensive Utilization of Resources”, “Advanced Energy-saving Enterprises in Shandong Province”, the first batch of “Circular Economy Demonstration Units” in Shandong Province, “Excellent Circular Economy Enterprises in Shandong Province”, “National Resource Conservation and Environmental Protection Major Demonstration Projects”, “National First Batch of Resource Saving and Environment-friendly (Type 2) Enterprise Creation Pilot Units”, the company has successively won the National Excellent Quality Management Enterprise, National Torch Program Key High-tech Enterprise, National Advanced Enterprise in Enterprise Information Work, China's Top 100 Taxpayer Enterprises, Shandong Banking Industry “Best Credit Credit Customer Integrity Customer” ” and many other honorary titles.