The company is an A-share listed company controlled by Tianjin Bohai Chemical Group. It has the Ministry of Safety and Environmental Protection, the Audit and Legal Affairs Department, the Finance Department, the Asset Department, the Strategic Enterprise Management Department, the Human Resources Department, the General Manager's Office, the Management Department, the General Management Department, the Party Committee Work Department (including the Commission for Discipline Inspection, Trade Unions, League Committee), and the Finance and Securities Department. The company was formerly known as Tianjin Universal Magnetic Card Co., Ltd. The company has the first domestic production device for propane dehydrogenation to propylene imported from abroad. It is the first listed company in Tianjin and the first listed company in the Chinese card industry. In 2024, there will be many new situations and challenges in the world economy, internal and external environment, and the economic operation of the petroleum and chemical industry. The effects of China's domestic “steady growth” policy are showing, and the concentration of positive market factors has increased, creating a favorable environment and conditions for high-quality development of the petroleum and chemical industries. The main products are the production and sale of propylene and by-products, the manufacture and sale of card products, printing business, and card supporting equipment. The company honors the provincial and ministerial enterprise key laboratory and municipal technology center. The subsidiary Bohai Petrochemical passed the 2018 Tianjin Clean Production Assessment and Acceptance and won the title of “Tianjin Clean Production Enterprise”; in 2019, it became a national “Level 1 Enterprise for Safety Production Standardization for Hazardous Chemicals Workers”; was selected as “Benchmark Enterprise of the Year for Equipment Information Management” in the 2019 China Equipment Management Conference series of recommendation activities; “Tianjin's Class A Enterprise for Heavy Pollution Weather Performance” and “Tianjin Environmental Protection Enterprise Leader”.