Hubei Shuanghuan Technology Co., Ltd. is based on the joint-stock transformation of some production units of Hubei Shuanghuan Chemical Group Co., Ltd. (formerly Hubei Chemical Plant) and Hubei Shuanghuan Chemical Group Co., Ltd. (Former Hubei Chemical Factory), Hubei Provincial Products Corporation, and Hubei Chemical Factory Hongshuanghuan Industrial Company jointly acted as the initiator. It was approved by Hubei Provincial Sports Reform Commission Hubei Reform [1993] 164 and was on December 27, 1993 Targeted Funding Co., Ltd. registered and established by the Hubei Provincial Administration for Industry and Commerce. On March 20, 1997, with the approval of the China Securities Regulatory Commission [1997] No. 72 and [1997] 73, the company issued 60 million public shares on the Shenzhen Stock Exchange on April 3, 1997 and in 1997. It was officially listed on the Shenzhen Stock Exchange on April 15, with the company's registered capital at the time of listing of RMB 168.88 million.

The company is a chemical enterprise that uses the combined alkali method to produce soda ash and ammonium chloride, and has an annual production capacity of 1.1 million tons of soda ash and ammonium chloride each. The salt mine resources that the company can mine are the salt plant water mining area owned by the company's controlling shareholder Hubei Shuanghuan Chemical Group Co., Ltd., with large reserves and high original salt grade, providing high-quality and sufficient resource guarantees for soda ash production.

The company's products "Hongshuanghuan" brand soda ash and "Hongshuanghuan" brand ammonium chloride have a good reputation and stable customer base internationally and domestically. In 2021, Shuanghuan Technology was awarded the title of "High-tech Enterprise". Soda ash and ammonium chloride products are not expensive and are not suitable for long-distance transportation. They have a certain sales radius. Shuanghuan Company has obvious regional advantages. Shuanghuan Company is located in the thoroughfare area of ​​nine provinces. The company is equipped with dedicated railway lines. The raw material procurement and product sales have logistics cost advantages.