According to Aiqi's inquiry, Hubei Xingfa Chemical Group Co., Ltd. was formerly Xingshan Chemical Plant and was established in 1937. After several generations of efforts, it has now developed into a large-scale enterprise mainly engaged in chemical industry and also engaged in tourism, trade and other industries. It is the largest producer of fine phosphate in China and the largest phosphate mining and dressing enterprise in China. The company has been rated as one of the top 500 most valuable brands in China for two consecutive years, and has been recognized as a national key high-tech enterprise by the Ministry of Science and Technology. Therefore, Hubei Xingfa Chemical Group Co., Ltd. is a state-owned enterprise.