Hengyuan Carbon Materials Co., Ltd. (hereinafter referred to as "Hengyuan Carbon Materials") was established in 2021 and is a holding company of Shandong Hengyuan Petrochemical Co., Ltd. It is located in the provincial-level chemical industry park of Linyi County. The company is mainly positioned for the comprehensive development of oil-based carbon materials, with a focus on extending to the high-end carbon materials and carbon materials industry chain. It produces high-precision and cutting-edge market demand products such as ultra-high power graphite electrodes, negative electrode materials for power batteries, graphite products, asphalt based carbon fibers, intermediate phase asphalt, isostatic pressed graphite, impregnated asphalt, coated asphalt, black carbon black, white carbon blac