The domestic company has a registered capital of 150 million yuan, covers an area of 1600 mu, and has 1000 employees. It is actively carrying out the transformation and upgrading project from Linyi County center to the Chemical Park in accordance with the background of the transformation of old and new growth drivers in Shandong Province. With the comprehensive development of oil-based carbon materials as the strategic positioning and focusing on the extension and development of high-end carbon materials and carbon materials industry chain，Hengyuan Petrochemical will take the production of ultra-high graphite electrodes, power battery anode materials, graphite products, asphalt based carbon fibers and other high-precision market demand products as the core to realize high-quality, efficient, green and healthy development.

Overseas holding subsidiary- Hengyuan Refining Company Berhad(HRC) is currently the second largest refinery in Malaysia. It is incorporated in 1960 and listed on the Main Board of the Kuala Lumpur Stock Exchange in 1962（stock code：4324.KL）. HRC is mainly engaged in oil refining. It has 6 million tons/year atmospheric distillation unit, a set of 2.2 million tons/year LRCC unit, 600,000 tons/year platformer unit, 1.1 million tons/year gasoline hydrogenation unit and other supporting devices and facilities. HRC produces a comprehensive range of petroleum products including liquefied petroleum gas (LPG), naphtha, gasoline, BTX aromatics, light diesel, jet fuel and fuel oil components. It is able to produce up to 120,000 barrels per day. Overseas wholly-owned subsidiary—Malaysia Hengyuan International Limited (MHIL), is Hengyuan’s Regional Headquarter in Kuala Lumpur. Its main function is to manage & control HRC and expand international business. The trade business of MHIL has extended to Asia. Its shipping business has linked with Britain, South Korea, Finland, Greece, Singapore, and Japan.

Over the years, Hengyuan Petrochemical was honored listed as one of the Top 500 Chinese Enterprises, Top 500 Chinese Manufacturing Enterprises, Top 500 Enterprises in Chinese Petroleum and Chemical Industry, Top 500 Chinese Energy Enterprises, and Top 100 Enterprises in Shandong Province, the company has won honors such as the National May 1st Labor Medal, the National Excellent Chemical Enterprise, the National Advanced Collective in Petroleum and Chemical Industry, the Provincial Advanced Enterprise, and Model Unit for Circular Economy in Shandong Province. Wang Youde, chairman and general manager of the company, with his outstanding leadership performance, has been elected as a representative of 10th and 11th People's Congress of Shandong Province and the 12th National People's Congress, and has won honors successively such as the Top Ten Outstanding Entrepreneurs in Shandong Province, Labor Medal for Enriching People and Prospering Shandong and National Model Retired Soldier.