The company focuses on the demands of high-end carbon materials such as ultra-high power graphite electrodes and deepens its layout towards this  and  strive  to   establish High --end  Needle Coke Production Base in China. Since the project commenced operations, through the implementation of a series of measures including industrial research and innovation as well as technological upgrades, breakthrough progress has been achieved in key areas such as improving quality, reducing costs, and stabilizing operations.

In 2024, the company successfully became the first one that pioneered the "pentane deasphalting" technology using a supercritical extraction unit among the global industry peers and successfully applied for a national invention patent. In 2025, this technology was officially industrialized for application, greatly improving raw material utilization, reducing cost and energy consumption, broadening raw material selection, effectively enhancing product quality, and increasing company benefits. It also won strategic initiative for the company in building a green, low-carbon industry chain and seizing the high-end carbon materials market.

In 2025, the company achieved a breakthrough in the internationally advanced needle coke technology. The key indicators of its products have reached or even surpassed the standards of high-end premium coke from leading international companies. This technology stopped China's long-term dependence on imports of the nipple coke product, meeting customers' customized product needs and also providing certain help for downstream enterprises in reducing costs and increasing efficiency.

In 2025,the "Hengyuan Standard," with indicators higher than national standards, was registered on the National Standard Information Public Service Platform hosted by the Standardization Administration of China's State Market Regulatory Administration. This marks the gradual entry of the Hengyuan brand into the international high-end product brand.

In active response to the key deployments regarding green development and new materials industry in the national and local"15th Five-Year Plan," the company has formulated this development plan:

l  Its industrial scale will be expanded to 400,000 tons/year.

l  Anode material precursor, special pitch, and supporting industry chains will be developed.

l  Photovoltaic green power application and organic waste-to-hydrogen technology will be developed.