Yonghe Company was established in 2004, and in September 2012, it was restructured into Zhejiang Yonghe Refrigeration Co., LTD. (Teflon raw material operator). The registered capital of the company is 379 million yuan, and the headquarters is located in Quzhou, Zhejiang, known as China's "fluorine capital". The company has a number of subsidiaries such as Jinhua Yonghe Fluorine Chemical Co., LTD., Inner Mongolia Yonghe Fluorine Chemical Co., LTD., Shaowu Yonghe Jintang New Materials Co., LTD and Jiangxi Shilei Fluorine Chemical Co., LTD. Zhejiang, Inner Mongolia, Fujian and Jiangxi have a total of more than 2,700 mu of industrial land, and nearly 5,000 mu of mining land such as well mining and mineral processing plants. The company successfully landed on the main board of the Shanghai Stock Exchange in July 2021 with the stock code "605020", and the "Yonghe Convertible Bond" was listed on the Shanghai Stock Exchange in November 2022 with the bond code "111007".