Huafang Co., Ltd. is located in Binzhou, the hinterland of the Yellow River Delta where the Shandong Peninsula Blue Economic Zone and the Bohai Rim Economic Circle meet. Founded in 1976 and listed on the Shanghai Stock Exchange in September 2001 (stock code: 600448), it is a state-owned listed company. It covers a total area of 670 acres (550000 square meters), has total assets of 3.9 billion yuan, and currently employs more than 3000 people.