Daqing Oilfield Feima Co., Ltd. was established in 2001 as the first wholly restructured limited liability company under Daqing Petroleum Administration, with all employees holding shares. After four years of continuous development, it has become a relatively large private enterprise in Daqing, enjoying a high reputation for its integrated operations in biochemicals, oil refining and chemicals, mechanical processing, and construction. The company has 5 holding companies and 7 branches (factories). In strict accordance with the provisions and procedures of the Company Law of the People's Republic of China, the company has established a scientific corporate governance structure and operates in a standardized manner. In terms of management, the company has developed systematic operational procedures and various management measures, setting up a multi-level authorization and tiered review system, and particularly establishing an independent audit department to strengthen management. Regarding financial management, the company strictly adheres to the stipulations of the national Accounting Law, and after the promulgation of the new Accounting Law, actively arranged personnel training and learning. In daily management, the company meticulously plans, and in investment projects, it conducts thorough deliberations and is especially cautious, ensuring that the working capital required for production remains smoothly circulating, and there is sufficient funding for new projects, maintaining a favorable financial operating environment. Daqing Oilfield Feima Co., Ltd. is a technology enterprise recognized by the Heilongjiang Provincial Department of Science and Technology and obtained ISO9001:2000 quality system certification from BSI (British Standards Institution) in 2002. Over the years, due to outstanding performance in production and operation, the company has been consecutively awarded "Top Ten Model Enterprises" and "Enterprise with Outstanding Contribution to Economic Development" by Daqing High-Tech Zone, and was honored as a "Contract-Abiding and Credit-Valuing Enterprise" by the Daqing Municipal Government; it also received the title of "Advanced Construction Enterprise" from the Heilongjiang Provincial Department of Housing and Urban-Rural Development. The company's main products include: biochemicals such as avermectin and other pesticide raw materials; pharmaceuticals such as fagopyrum thunbergii tablets, cefalexin, penicillin, and 34 other medicines; chemicals like emulsified residual oil, Fuzhi brand low-sulfur, low-aromatic aluminum foil rolling oil, solvent oil, dry cleaning agent, and other series of products (these three products won the Fourth Excellent New Product Award of Heilongjiang Province in 2003); a series of plastic woven bags; a series of water treatment agents; heat, acid, alkali, and oil-resistant rubber products; and mechanical processing items: Wanchi brand shock absorbers for Jetta, Santana, Xiali sedans, and microcars. To meet the needs of product research and development, Feima Company has successively established business connections with the Chinese Academy of Atomic Energy Physics, China Agricultural University, Tianjin University, Beijing University of Chemical Technology, Harbin Institute of Technology, and Wuxi Institute of Chemical Technology, receiving a large amount of high-tech project information and technical support for project feasibility studies. Daqing Oilfield Feima Co., Ltd. is a company with a Grade II certificate for the installation and construction of chemical facilities and the corresponding construction capabilities. The company's business development strategy is "changing concepts for survival, striving through hard work for development"; its business philosophy is integrity, pragmatism, efficiency, and development. Currently, while consolidating its existing market and strictly managing, Daqing Oilfield Feima Co., Ltd. focuses on the production and construction of biochemicals, oil refining and chemicals, and mechanical processing, aiming to have one of its grassroots enterprises listed overseas within the next three years, with the overall sales capacity reaching 700 million yuan, continuously seeking new economic growth points, and exploring an effective path for sustainable development.