The first domestic long carbon chain dibasic acid production line constructed by Group was put into operation and industrialized.
Qingdao Lilai Fine Chemicals Co., Ltd. was established, engaged in the production of fine chemicals.
Shandong Guangyin New Materials Co., Ltd. (hereinafter referred to as Guangyin) was established. Started the construction of the long-carbon chain nylon resin.
Guangyin’s Academician Workstation and the Joint Key Laboratory with the Chinese Academy of Sciences were inaugurated.
Shandong Guangyin DKK New Materials Co., Ltd.  was established as a joint venture with Daiichi Kigenso Kagaku Kogyo Co., Ltd., the construction of the Zirconia hi-tech ceramic products project started.
The 2nd phase of the Guangyin’s nylon project was completed and put into production, with a comprehensive production capacity of 15,000 tons/year.
Guangyin took the lead in establishing the China Special Nylon Engineering Plastics Industry Technology Innovation Strategic Alliance and was elected the first chairman unit.
Changyu Holding Group Co., Ltd. was established, entering a new stage of group management and control.