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On November 29th, the company was registered in Yichang with a registered capital of 30 million yuan. The company is mainly engaged in the research and development, production, sales, technical services, transfer of technological achievements and import and export of chemical raw materials and products. On December 20, 2013, the industrialization project of new high efficiency catalyst and solvent (referred to as "catalyst project") started construction.

On May 18, 2014, the chemical workshop of the catalyst project was completed for commissioning. On June 22, 2014, the catalyst workshop of the catalyst project was completed for commissioning.

In May 2015, the company's registered capital increased from 30 million yuan to 40 million yuan. In June 2015, the company signed a tripartite "Technology Development Cooperation Framework Agreement" with Hubei Xingfa Chemical Group Co., Ltd. And Shanghai Huayi Group Technology Research Institute to cooperate on their respective advantages in related fields. From August to November 2015, the catalyst project passed the acceptance of occupational health, safety, environmental protection and other individual items. In November 2015, o-methyl cyclohexyl acetate was listed in the catalogue of high-tech products in Hubei Province. On November 18, 2015, the preliminary work of the industrialization project of 1000 tons / year new efficient working liquid carrier 2-tert-amyl anthraquinone (referred to as "anthraquinone project").

In April 2016, the company's registered capital increased from 40 million yuan to 60 million yuan. In May 2016, the catalyst project passed the completion and acceptance of the project. In December 2016, the company was recognized as a high-tech enterprise.

In February 2017, the company built a new sewage treatment station and put into operation. In September 2017, construction of the anthraquinone project began. In October 2017, the company passed the certification of quality, environment and occupational health and safety management system.

In February 2018, the company was approved as a second-class enterprise of production safety standardization in the hazardous chemicals industry. In March 2018, the company was recognized as a technology-based small and medium-sized enterprise. In June 2018, the company obtained the credit evaluation certificate of Sinopec easy-to-send legal person. In September 2018, the company's registered capital increased from 60 million yuan to 75 million yuan. In November 2018, the company won the third prize for scientific and technological progress of the China Petroleum and Chemical Industry Federation.

In July 2019, the company was honored as a "Statistical Integrity Enterprise" by the Bureau of Statistics of Yichang City. In August 2019, the company was awarded the title of "excellent supplier" by Sinopec. In September 2019, the company's 2-ethyl anthraquinone products passed the quality evaluation of Sinopec easy customer products, and the quality reached the domestic advanced level. In September, the company successfully co-hosted the 2019 (second) China Epoxy Propylene Industry chain Technology Development and Industry Development Forum. In November 2019, the company's by-product acetic acid passed IS09001:2015, ISO14001:2015, OHSAS18001:2007 "three-in-one" management system certification. In November 2019, the company successfully passed the review of high-tech enterprises.

In January 2020, the hydrogen peroxide Research Center built by the company was identified as the Yichang Engineering and Technology Research Center. In August 2020, the company added three kinds of products "sulfuric acid, aluminum trichloride solution and ferric trichloride solution" to the safety production license. In October 2020, the company passed the certificate renewal audit of IS09001:2015, ISO14001:2015 and ISO45001:2018 "three-in-one" management system, and brought 2-ethyl anthraquinone into the system management at the same time. In December 2020, the collaborative office OA system was officially put into operation.

In January 2021, Xingfa Group, through its wholly-owned subsidiary Yichang Xingfa Investment Co., Ltd., increased its capital by 40 million yuan, becoming the largest shareholder of the company, and the company's registered capital increased to 100 million yuan. In March 2021, the SAP system was officially put into operation. In September 2021, the company's second-generation fixed-bed hydrogen peroxide technology was successfully applied in two sets of the largest fixed-bed anthraquinone hydrogen peroxide plant in the world. In October 2021, the company's 2-ethyl anthraquinone and o-methyl cyclohexyl acetate products were qualified for supply by Sinopec in 2022; the independently developed pentyl anthraquinone production process was successfully tested in industrialization and successfully produced qualified products. In December 2021, the company officially launched the capital operation project and implemented equity incentives to the core staff. In 2021, the company achieved sales income of 497 million yuan, net profit of 26.91 million yuan and taxes of 11.64 million yuan, an increase of 457%, 2461% and 103% respectively over the same period last year.

In January 2022, the company's registered capital increased from 100 million yuan to 190 million yuan. In February 2022, the construction of the company's informatization project was officially launched. In March 2022, the company cooperated with intermediaries to complete pre-listing financial, business and legal due diligence. In April 2022, the company won the title of "Little Giant" in Hubei Province, specialized and innovative. In May 2022, the company was awarded the 2022-2023 listing reserve "golden seed" enterprise recognition in Hubei Province. In June 2022, the automated office OA system for management informatization projects was officially launched. In July 2022, the NCC system of the management informatization project was officially launched. In September 2022, the company's o-methylcyclohexyl acetate products passed the product quality evaluation of Sinopec Yipaike, and the quality certification reached the domestic advanced level. In September 2022, it was awarded the accreditation of "Hubei Province Enterprise Technology Center". In September 2022, it was awarded the title of national-level specialized and innovative "Little Giant" Enterprise. In October 2022, it was awarded the recognition of a new scientific and technological innovation species "Gazelle" enterprise in Hubei Province. In November 2022, the company's precious metal catalysts won the single champion product recognition of the manufacturing industry in Hubei Province. In December 2022, the company won the winning prize in the 3rd "Golden Ideas" Innovation Competition in Xiaoting District. In December 2022, the company passed the review and identification of "High-tech Enterprise".

In January 2023, it will be awarded the 2022 Yichang City Informatization and Industrialization Integration Pilot Demonstration Enterprise. In February 2023, it was awarded the 2022 Technological Innovation Enterprise and Listed "Golden Seed" Enterprise in Xiaoting District, Yichang City. In June 2023, the project with an annual output of 1000 tons of diisobutyl methanol and 1000 tons of cyclohexanol started construction. In June 2023, we will obtain the energy management system certification certificate. In July 2023, the "T/CPCIF 0243-2023 2-Amylanthraquinone" group standard drafted by the company was officially released and implemented to fill the gap in the industry. In July 2023, the company's hydrogen peroxide technology was recognized by the expert group of the Emergency Management Department, and four experiences and practices were promoted in the industry. In September 2023, we cooperated with China Chemical News to successfully hold the 2023(6th) China Propylene Oxide Industry Chain Technology Development and Industrial Development Forum in Ningbo. In September 2023, the company's "Reducing the Deviation of Parallel Sample Inspection for Nickel Content" project was recognized as the outstanding innovation results of the "Five Primary Schools" of employees in Yichang City in 2023. In October 2023, the tax "digital ticket" system will be launched. In October 2023, Yichang Supeng Technology Co., Ltd. Shanghai Branch was registered and established. In November 2023, the office area of Su Peng Technology Xingfa Building was officially opened. In December 2023, we will obtain the re-certification certificate of the "three-in-one" management system for quality, environment, and occupational health and safety. In December 2023, it passed the AA level assessment of the national-level integrated management system.