As a national high-tech enterprise, Pingdingshan Risun Xingyu New Materials Limited is located in Risun Pingdingshan Base, Baofeng Coal Circular Economy Industrial Park, Pingdingshan, Henan Province. It was established in December 2017 with a registered capital of 55,898 million yuan. It is producing a 50,000 tons/year needle coke plant and building a 50,000 tons/year needle coke plant. It mainly produces and operates carbon material products such as needle coke and negative electrode coke, as well as coal tar deep processing products such as anthracene oil, industrial naphthalene, and modified asphalt. It insists on cultivating core competitiveness through technological innovation, has a carbon materials research institute, has been approved to establish a Henan provincial asphalt-based functional carbon materials and application engineering technology research center, and has built a delayed coking pilot plant. It connects the complete R&D chain of creativity, small-scale testing, pilot testing, industrialization, and engineering design, and has obtained honors and qualifications such as Henan SRDI Enterprise and Technology-based Enterprise in Pingdingshan City.