The company was established by way of initiation with the approval of the Shanxi Economic System Reform Commission [1993] Document No. 140, and registered with the Shanxi Provincial Administration for Industry and Commerce on July 29, 1993. It was approved by the China Securities Regulatory Commission's Securities Regulatory Commission's Securities Regulatory Issuance Letter [2003] No. 5, and was listed and traded on the Shanghai Stock Exchange on February 12, 2003. The company is mainly engaged in the production and sale of coke and steel products. The company's main products are coke and chemical products, and shaped steel. The company's honors include the most efficient township enterprise in the country, the largest township enterprise with the largest operating scale in the Chinese industry (coking), the top 20 township enterprises with foreign exchange generating foreign exchange in the country during the “Ninth Five-Year Plan” period, the country's advanced export unit for generating foreign exchange, and a high-tech enterprise in Shanxi Province.