Guizhou Redstar Developing Company Limited is located within the territory of Zhenning County which is the hometown of Huangguoshu Waterfalls, a world-famous scenic spot. With the approval of the People's Government of Guizhou Province, the company, which soon became a listed company in Chinese stock markets, was jointly founded in April, 1999 by Qingdao Redstarchemical Group Zhenning Redbutterfly Barium Industrial Corporation which is the primary founder-member, Anshun State-run Assets Investment Operation Co., Ltd of Guizhou Province, Qingdao Redstarchemical Group Imports and Exports Co., Ltd, Qingdao Redstarchemical Group Zili Industrial Corporation and Zhenning Redbutterfly Industrial Co., Ltd. The company succeeded in being listed in Shanghai Stock Exchange in March, 2001. The stock of the company is abbreviated as ?Redstar Development? and the code of it is 600367. This is the first successfully listed company that combines eastern part and western part of China.
The main business of the company covers more than 20 varieties of three major series, namely, electronic magnetic material, rubber and plastic auxiliaries and natural plant extraction. Its primary products include barium carbonate, strontium carbonate, electrolytic manganese binoxide, insoluble sulfur, thiourea, sulfur, barium sulphate, strontium nitrate, strontium chloride, metal strontium, metal manganese, marigold, etc.