Established in December 1999, Huafon Chemical Co., Ltd. has been the first listed company of China in the field of spandex (stock code: 002064). Its spandex production scale occupies No. 1 in China and comes to the fore among the spandex enterprises in the world. It is a High and New Technological Enterprise at national level and also an “Energy-Economical & Environment-Friendly” pilot enterprise of the first batch in China. "Qianxi" brand was identified as "China Top Brand" by State Administration for Industry and Commerce..

The company has four wholly-owned subsidiaries: Huafon Chongqing Spandex Co., Ltd. focusing upon differentiated spandex production; Liaoning Huafon Chemical Co., Ltd. specialized in producing cyclohexanone as well as other relative products of benzene further procession; Huafon Foreign Trade Co., Ltd. (Turkey) specialized in imports and exports of textile products, especially the sales of spandex fiber; Ruian Huafon Thermal Co., Ltd. mainly dealing with power and heat cogeneration business. Playing an active role in Chinese private bank reform pilot project ...