Established in 1968 and commencing production in 1970, Befar Group has evolved into a comprehensive chemical enterprise group with prominent core businesses and a complete industrial chain. Its operations span five key sectors: chlor-alkali, petrochemicals, new energy, new materials, and specialty chemicals. The Group holds the largest market share in China for chloropropene, trichloroethylene, granular caustic soda, food-grade flake caustic soda, and PPS. Its caustic soda and propylene oxide products are recognized as Remarkable Shandong Brands in the high-end chemical sector. Leveraging these strengths, Befar's products are exported to over 100 countries and regions worldwide. By the end of 2024, the Group had generated cumulative profits and taxes totaling RMB 77.91 billion and contributed tax payments of RMB 56.89 billion.

The Group’s core entity, Befar Group Co., Ltd. (stock code: SH601678), was successfully listed on the Shanghai Stock Exchange in February 2010. As an executive member of the China Chlor-Alkali Industry Association and a key industrial chain leader in Shandong Province, Befar has been honored with titles such as National Model Enterprise for Building Harmonious Labor Relationships, National Most Socially Responsible Enterprise, Top 500 Chinese Private Enterprises (Ranked 302nd), Top 500 Chinese Manufacturing Private Enterprises (Ranked 215th), Shandong Charity Award, and Shandong Social Responsibility Enterprise. Additionally, Befar has been recognized as a national benchmark enterprise in energy efficiency for key energy-consuming industries for ten consecutive years.

Aligning with global chemical industry trends, China’s industrial practices, and Binzhou’s strategic opportunities, Befar Group has innovatively launched its forward-looking “Beikun Plan”. Centered on the integrated development of “new energy + chemicals”, the initiative aims to establish a world-class national new energy and chemical industrial base in northern Binzhou, supported by a robust scientific and technological innovation system.

Befar Group consistently regards scientific and technological innovation as core to its future competitiveness. It has established an innovation alliance system centered on its Strategic Innovation Research Institute at headquarters, connected with multiple regional laboratories. In collaboration with Shandong University, Befar co-established the "China Center for Science-Industry Convergence", which serves as an intellectual engine for national strategies and industrial transformation, facilitating the efficient implementation of research outcomes in policy-making, technology commercialization, and capital empowerment. Additionally, Befar has launched the “Beikun Young Scientists Award” with an annual prize fund of RMB 10 million, and is fully committed to building the “Beikun Innovation Port—University·Academician Hub” and the “Beihai Large-Scale Pilot Testing Base for New Chemical Materials”, aiming to create an ecosystem where technology empowers industrial development.

Under its new “12345” strategic framework, Befar is crafting the grand vision of "Technology Befar, Digitalization Befar, International Befar, and Happiness Befar". The Group prioritizes both value creation and humanistic values, fostering a culture of innovation, agility, and ecological responsibility. It continues to advance in ecosystem development, technological innovation, green transformation, global expansion, and social responsibility, embracing openness and collaboration to drive progress.

Looking ahead, Befar Group will solidify its strategic layout with global vision and unwavering confidence. By leveraging international partnerships and technology-driven growth, the Group is committed to pioneering green chemistry and low-carbon transformation. Dedicated to maximizing value for society, clients, shareholders, and employees, Befar strives to contribute profoundly to the advancement of the global chemical industry.