The company was founded in July 2002 and listed on the Shenzhen Stock Exchange in August 2010. The company has three production bases: Nantong Baichuan New Materials Co., Ltd.; Ningxia Baichuan Technology Co., Ltd.; Ningxia Baichuan New Materials Co., Ltd.; Jiangsu Haiji Renewable Energy Co., Ltd. The company's business mainly involves the three major sectors of fine chemicals, new materials and new energy. The company's main products are butyl acetate, ethyl acetate, propyl acetate, trimethylolpropane, propylene glycol methyl ether acetate, trioctyl terephthalate, acrylates, n-butanol, octanol, neopentylene glycol, sodium formate, needle coke, anode materials (graphitization), cathode materials, and waste lithium battery resource utilization, including lithium batteries, energy storage modules, and energy storage systems. The company has received honors such as Intellectual Property Demonstration Enterprise; 2015 Advanced Unit for Foreign Trade Work; 2015 Open Economic Red Flag Unit; 2014 Advanced Environmental Protection Unit; 2014 Top Ten Industrial Enterprises.