Shandong Hongfu group company was founded in July, 1992, and was approved as "national township enterprise group" by the Ministry of agriculture in 1995. In 2006, it entered the "top 100 private enterprises in Yantai City". The registered capital of the company is 46 million yuan, and the existing fixed assets are 2 billion yuan, with more than 5200 employees, including 780 engineering and technical personnel. The company realized sales revenue of 2 billion yuan by the end of 2016, with financial contribution of more than 70 million yuan.

The company's subordinate enterprises are: Wenjia branch of Zhaoyuan Luojin Gold Mining Co., Ltd., Zhaoyuan Derun construction and installation Co., Ltd., Zhaoyuan Hongfu Derun Real Estate Development Co., Ltd., Zhaoyuan Derun new building materials Co., Ltd., Zhaoyuan Hongfu Shuangji Cement Co., Ltd., Zhaoyuan Zhengyan Thermal Power Co., Ltd., Zhaoyuan Hongfu Wanlong Food Co., Ltd., Zhaoyuan western Japan Food Co., Ltd Ltd., Shandong zhonghaoxin Food Co., Ltd., Zhaoyuan fotai (Tianyi) Auto Engine Parts Manufacturing Co., Ltd., Zhaoyuan Hongfu Electronic Technology Co., Ltd., Zhaoyuan Jinxing Chemical Plant, Zhaoyuan Zhaoyuan Development Zone bonded warehouse, etc. The company is a large-scale private group company with more than 10 enterprises, including gold mining mining, food processing, machinery manufacturing, electronic material production, cement production, chemical auxiliary production, industrial civil engineering construction and installation, cogeneration power station, centralized heating, fruits and vegetables cold storage and public bonded warehouse. Wenjiaminying economic and Industrial Park, funded by the company in 2006, is one of the three private industrial parks in the city, covering an area of 600 mu, and complete facilities such as water, electricity, gas, office, accommodation, etc. Shandong zhonghaoxin Food Co., Ltd., Zhaoyuan Derun construction and installation Co., Ltd., Zhaoyuan Hongfu Electronic Technology Co., Ltd., Yantai grad Pet Products Co., Ltd., Zhaoyuan Hua'an Gold Machinery Manufacturing Co., Ltd. and other enterprises have settled in the park.

In recent six years, the company has invested RMB 1billion to build 14 projects, with an average investment of 170million yuan per year, and an average of 150 days of one project put into operation, creating a unique "Hongfu speed". After all the ground enterprises reach the post natal stage, the annual sales revenue of the company has exceeded 1.2 billion yuan, and the net profit of the group of Shanghai delivery is 70million yuan. The company has 6 enterprises with sales revenue of over 100 million yuan in the ground enterprises, and 3 enterprises with net profit of over 10 million yuan of Shanghai Stock Exchange Group, 4 enterprises with more than 5million yuan and 5 enterprises with a total profit of 2-5 million yuan have emerged.

The company has been recognized by the state and government departments at all levels in recent years, Once approved by the Ministry of agriculture as "national township enterprise group", it is the "top 100 private enterprises" in Yantai city. For several years, it has been awarded the honorary titles of "advanced unit of tax payment according to law", "advanced unit for rectifying gold order", "star enterprise", etc. Comrade wenhongfu, chairman of the company, is the representative of Yantai Municipal People's Congress, Yantai labor model, rural star of Yantai City, and influence on tobacco Taiwan private entrepreneurs.