Zhengzhou Hongxin Chemical Co., Ltd. was established in 2003 and is located in Zhengzhou, Henan Province, China with a registered capital of 10 million yuan. In 2005, it was recognized as a high-tech enterprise in Henan Province, mainly engaged in the research and development and production of new drilling additives. Its research achievements have won the first prize of Science and Technology Progress Award of Henan Academy of Sciences and the third prize of Henan Province; He is the original inventor of the widely used mud loss reducing agents, lignite resin SPNH (formerly known as SP-SMC resin -1985) and SMP-III sulfomethyl phenolic resin (powder -2006), in China's oil field drilling industry. All products produced by the company are independently developed by the enterprise and have complete proprietary intellectual property rights.