Its parent company is Jiangyin Chengxing Industrial Group Co., Ltd. In 2004, the group acquired Jiangsu Xinya Chemical Group Company (formerly Changzhou Wujin Fertilizer Plant) and established Jiangsu Xinya Chemical Co., Ltd. to enter the coal chemical industry. In the field of non-manufacturing, commerce is becoming a growing industry since the group company obtained the right to import and export foreign trade in 1995. In addition, the Group has also built a special chemical wharf with 20,000-ton berths and 200,000 cubic meters of liquid chemical storage tanks along the Yangtze River in Jiangyin. There are 200 railway chemical trucks and 2000 chemical containers. There are 5 thermal and hydraulic power plants built and under construction, with a total installed capacity of more than 600,000 kilowatts. With a professional fine phosphorus chemical research institute and foreign trade import and export company, it has become a chemical enterprise group integrating production, supply, sales, science, industry and trade, and integrating product management, trade management and capital management.