Shandong Hengxing New Material Technology Co., Ltd., a subsidiary of Hengxing Technology, was established on July 18, 2018, and is located in the Jining New Material Industrial Park, covering an area of 227,682 square meters. The first-phase project of Shandong Hengxing has been completed with a production capacity of 186,000 tons, while the second-phase project with a capacity of 20,000 tons is currently under construction. Shandong Hengxing has been recognized as one of the first batch of National High-Tech Enterprises in Shandong Province for the year 2023.