The company was built in 1952 and completed and put into operation in 1955. It is a large-scale mechanical sugar factory built early, large-scale, and highly modern in northern China after the founding of New China. It is one of the supporting projects for 156 key construction projects in the country during the “First Five-Year Plan” period. It was listed on the Shanghai Stock Exchange on December 10, 1998. The company is a cross-industry, cross-regional, and diversified industrial enterprise that comprehensively develops the sugar industry, deep processing of corn, xanthan gum, central kitchen, biotechnology products, national sugar reserves, and green agricultural and livestock products trade and logistics. The company's main business is mainly deep processing of grain. The company's main products are gluten powder and edible alcohol.