We are one of the major coal-based urea producers in the PRC with headquarters in Hebei, focusing on production efficiency, cost management, energy saving and occupational safety. We have an operating history of over 40 years in Hebei Province. Our predecessor, Dongguang Huafei, was originally established in 1970 as a local state-owned enterprise and was later privatised and reorganised in July 1998. We have been operating in the urea industry since 2001. The early start in this growing industry had allowed us to develop into an experienced player in the region with long-term and established relationships with customers in the industry. Our long operating history has also allowed us to develop our production know-how and management which in turn enhances our production efficiency by maximising the quantity and quality of our products while minimising costs. Our management team has extensive experience and an in-depth understanding of the history and future trends of the urea industry in the PRC which is instrumental to our continued success.
Our main product is urea, and its sales accounted for approximately 87% of our revenue as of December 31, 2019. We also produce and sell urea by-products, including methanol, liquid carbon dioxide and liquid natural gas. Methanol products contributed 6% of revenue as of December 31, 2019.