The predecessor of Shandong Henghui Energy Saving Technology Group Co., Ltd. is Yantai Henghui Copper Co., Ltd., a national high-tech enterprise. The company has provincial innovation platforms such as Shandong Provincial Technology Center, Shandong Province One Enterprise One Technology R&D Center, etc. It is one of the top ten copper pipe enterprises in China, a national-level specialized and special new "little giant" enterprise, a Shandong unicorn enterprise, Shandong Province Single Manufacturing Champion Enterprise, Shandong Province Invisible Champion Enterprise, Shandong Province Gazelle Enterprise, Yantai City "Transformation, Upgrading, Innovation and Development Advanced Enterprise", the governing unit of China Nonferrous Metals Processing Industry Association, and the governing unit of the National Nuclear Power Nuclear Island Equipment Industry Measurement and Testing Alliance . Henghui Group is the only enterprise in China that has the R&D and production capacity of high-efficiency heat exchange tubes and the design capabilities of refrigeration and air-conditioning, chemical heat exchangers, etc. Henghui Group also has two national-level nuclear energy equipment comprehensive simulation test platforms, the nuclear power plant fatigue monitoring and evaluation system experimental verification platform and the ceramic reactor internals thermal aging research test platform.

The company has 25 patents, including 7 invention patents and 18 utility model patents, and participated in the drafting and compilation of GB/T 30066 "ferritic stainless steel welded steel pipes for heat exchangers and condensers", GBT/30065 "iron for water heaters" The two national standards of "Stainless Steel Welded Steel Pipe" have obtained the double certificates of Det Norske Veritas (DNV) quality system and EU export CE-PED quality system. The company is the governing unit of China Nonferrous Metals Processing Industry Association, the chairman of the board is the chairman of China Nonferrous Metals Processing Industry Association, and the chief engineer is an expert member of China Processing Industry Association. The company has established long-term industry-university-research cooperation relationships with Yantai University, Suzhou Thermal Engineering Research Institute, and Shanghai Electric Power Institute scientific research institutions.

The park covers an area of 160 mu, and two projects will be put into operation, with a total investment of 500 million yuan. One of the projects is the irradiation accelerator project, which is invested and constructed by Shandong Henghui Energy Conservation Technology Group Co., Ltd. and China National Nuclear Corporation Atomic Energy Research Institute. It mainly produces electron accelerators and carries out various irradiation businesses. Another project is the high-end separation technology research and development and equipment intelligent manufacturing project. A cooperation agreement has been reached with the School of Chemical Engineering of Tianjin University on the research and development of high-end rectification and separation equipment technology and the intelligent manufacturing of equipment, and the research and development and production of high-end rectification and separation equipment are carried out. The project products are suitable for petroleum, chemical, biological, pharmaceutical, food , medicine, environment, machinery industry.