Established in 1968 and commencing production in 1970, Befar Group has grown 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. Its caustic soda and propylene oxide products are listed among Shandong High-Quality Brands in the high-end chemical industry. 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 of 77.91 billion RMB and contributed 56.89 billion RMB in tax payments.

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 Harmonious Labor Relations Creation, National Most Socially Responsible Enterprise, Shandong Charity Award, and Shandong Social Responsibility Enterprise. For ten consecutive years, it has been recognized as a national benchmark enterprise in energy efficiency for key energy-consuming industries.

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.

Under its new “12345” strategic framework,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.