According to official website's inquiry, Shandong Hengbang Smelting Co., Ltd. is a national key gold smelting enterprise and a state-owned listed company with mixed ownership. It is a state-owned enterprise and was established in 1988. Under the guidance of the national industrial policy, the company took the opportunity of the major implementation project of transforming old and new kinetic energy in Shandong Province. Relying on three major innovations: concept, technology and management.