Qingdao Red Star Chemical Group Co., Ltd. ("Red Star Group" for short) is a state-owned chemical production enterprise. After more than 50 years of development, it has grown into a large-scale enterprise group with prominent main business, cross-industry and cross-region. The group consists of 8 second-level enterprises (including Guizhou Red Star Development Co., Ltd. which was listed in 2001), 19 third-level enterprises and 3 Sino-foreign joint ventures. The group is mainly engaged in barium salt, strontium salt, manganese salt, new energy, new material, natural pigment, cultural industry, logistics, import and export trade, etc.

In recent years, Hongxing Group has begun to move forward from the basic chemical industry to new energy, new materials and high, refined, sharp barium, strontium, and manganese series materials. It has three high-tech enterprises and has applied for nearly 100 domestic and international invention patents (authorized). More than 60 items), among which, the invention patent for the preparation of high-purity manganese sulfate products from flue gas desulfurization won the 14th China Patent Excellence Award; the high-purity manganese sulfate project for electric vehicles was listed as a national-level Torch Program project and won the national Key new products have been identified, and the products have entered the industrial chain of internationally renowned enterprises. The main enterprises of the group have passed ISO9001 and ISO14001 system certification, among which medicinal barium sulfate products have passed GMP certification.

Red Star Group has successively won honorary titles such as "National May 1st Labor Award Enterprise", "National Model Enterprise with Harmonious Labor Relations" and "Key High-tech Enterprise of National Torch Program".