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 terephthalic anhydrides and esters, acetates, polyols, alcohol ether insulating resins, acrylates, isobutyral and butyl alcohol, needle coke, anode materials (graphitization), cathode materials, lithium battery recycling products, lithium iron phosphate batteries, and lithium iron phosphate battery modules/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.