Qingdao Huaqing Industrial Group, Inc. is developed from Qingdao No. 3 Foundry Machinery Plant, it is a multi-professional share-hold group company, and the National Second-Class Enterprise. The Group Company has an occupying area of 1080mu with a building area of 160, 000 square meters. It owns 3, 500, employees, in which 962 are technicians of technical secondary school or college graduates.

The main products fall into five categories and more than I 00 breeds, including automobile tyres, foundry machinery, rubber & plastic machinery, machine-embroidered laces and nylon magic tapes, etc., in which 7 products are awarded super-quality products of the Province and Department, 12 ones fill blanks of the state. Nowadays, the Group Company has the annual production capacity of one billion Yuan by producing.

The Group Coihpany won the title successively of the Advanced Enterprise of Shandong Province, High-tech Enterprise of Qingdao City, the "Good Mechanism, Good Management, Good Profit" Golden Prize Enterprise of Qingdao City, the Management Exemplar Enterprise of Shandong Province. Recently, the Group Company was granted the self-managing Imports and Exports right by the Economic and Trade Department of the state, and Huaqlng Tyre Company went through the IS09002 Quality System Certification, these paved the way for the Group Company to enter into international market.