The company was founded in 1921 and is headquartered in the West Coast New Area of Qingdao City. Qingdao Double Star is a state-owned company listed on the main board. Before 2008, the main business of Double Star was shoes and clothing. After the footwear industry was completely restructured in 2008, it split from the group, and Double Star completely switched to the tire industry. The company's main business is R&D, production and sales of tire products. The company's tire products are mainly heavy-duty all-steel radial tire series and passenger semi-steel radial tire series. Corporate honors: the best supporting service provider in China's logistics industry; the title of “Housaolushang” brand enterprise; excellent enterprise integrating the two modernizations in Shandong Province; National Honest Management Demonstration Unit; National Outstanding Honest Entrepreneur; China Brand of the Year Award, etc. The Double Star Tire brand has won honors such as “C-BPI No. 1 Brand Power in China's Domestic Auto Tire Industry”, “China's 500 Most Valuable Brand”, “China Brand Annual Award Tire No.1”, and “China's Top 500 Consumer Brands - No. 1 Most Influential Chinese Tire Brand” published by the China Enterprise Influence Laboratory. Double Star Tire continues to lead the Chinese tire brand.