Liaoning Hongjing Group is an economic entity which integrates finance, commerce, metallurgy, chemical industry, real estate, mining development and waste comprehensive utilization. Its headquarters is located in Huludao City, Liaoning Province, the first city in Guanwai with beautiful scenery, pleasant climate, convenient transportation and strong industrial foundation. The group's predecessor is Huludao Hongjing Molybdenum Industry Co., Ltd., which is a joint venture with Taiwan. It was founded in October 1998. Over the past 20 years, the company has been adhering to the principle of "innovation is the eternal driving force of enterprise development", striving for development in innovation. Under the leadership of Chairman Yang Qingming, all employees of Hongjing Group are determined to forge ahead and dare to explore, achieving leapfrog development and prosperous undertakings. By the end of 2018, Liaoning Hongjing Group's total assets exceeded 5 billion yuan and its annual profit exceeded 500 million yuan. Up to now, the group company has entered a mature stage in all fields. The company has many independent subsidiaries, shareholding companies and more than 2000 employees.
Over the years, the company has strengthened its close cooperation with Chinese Academy of Sciences and other academies in scientific and technological innovation, industrial upgrading, structural adjustment and product development, jointly developed more than ten key scientific and technological projects, independently excavated and explored the links between scientific research projects and actual production, and quickly formed the industrialization of various cooperative projects. Eleven national patents have been formed. Among them, the method of recovering chemical products from industrial residues of vanadium, chromium, iron and phosphorus has not only won the national invention patent, but also been identified as the first project in China by the Chinese Academy of Sciences and Liaoning Provincial Science and Technology Department. The overall technology has reached the top level in the same industry. Especially, vanadium and chromium separation and extraction technology is in the lead in the world. It is the first time in the world to realize the industrialization of vanadium and chromium separation and has independent intellectual property rights.