The company was formerly known as Taiyuan Chemical Co., Ltd. On February 26, 1999, Taihua Group established Taiyuan Chemical Co., Ltd. with its assets such as fertilizer plants, chemical plants, and coking plants. Listed on the Shanghai Stock Exchange on November 9, 2000. The company's main business is processing and sales of precious metal products, precious metal trade, recycling of precious metal waste, industrial electricity sales, residential electricity sales, power engineering, synthetic material manufacturing (excluding hazardous chemicals); synthetic material sales; manufacturing and sales of new film materials; engineering plastics and synthetic resin manufacturing and sales; bio-based material technology research and development, manufacturing and sales; plastic product sales; basic chemical raw material manufacturing (excluding manufacturing of licensed chemicals such as hazardous chemicals); production and sales of chemical products (excluding licensed chemical products); manufacture and sale of specialty chemical products Sales (excluding hazardous chemicals); sales of novel catalytic materials and additives; production and sales of plastic packaging containers and tool products for food; manufacturing of plastic products, etc. The company's main products include precious metal catalytic networks, recycling and disposal of waste catalysts, palladium chloride, PBAT, modified materials, etc.