The company's predecessor, Haikou Pharmaceutical Factory, was founded in 1965 and listed on the Shenzhen Stock Exchange in 1994. It is a leading enterprise in the pharmaceutical industry in Hainan Province. On March 24, 2020, Xinxing Jihua Pharmaceutical and Hainan Haiyao completed a strategic restructuring. Xinhai Pharmaceutical became a mixed ownership enterprise controlled by a central enterprise, beginning a new journey of Haiyao development. The company's main business is R&D, production and sales of antibiotic series, gastrointestinal medicine series, antineoplastic drug series, raw materials and intermediates supporting preparations, and other products. The company's main products throughout the year include the following series, which are antibiotics series, gastrointestinal medicine series, antineoplastic drug series, raw materials and intermediates supporting the formulation, and other products. Company Honors: High-tech Enterprise in Hainan Province; Vice Chairman's Unit; Top 50 Industrial Enterprises in Hainan; Top Ten Tax-Paying Enterprises, etc.