August 1984, Hainan Chemical Fiber Factory was approved in the project, by the Hainan Provincial Development and Construction Corporation and other units responsible for the preparation of the construction. 1988 August, Hainan Chemical Fiber Factory formally put into operation. 1992 November 30, Hainan Chemical Fiber Factory after standardization of shareholding reorganization of the company's shares traded on the Shenzhen Stock Exchange, the stock name of the "Qiong Chemical Fiber". "On December 10, 1996, Zhonghai Heng Industrial Development Co., Ltd. became the first largest shareholder of Qionghai Hong. In March 1997, invested in the establishment of "Zhong Gong Network Information Technology and Services Company", began to enter the Internet and telecommunications value-added business. May 16, 1997, due to the company's business scope and mode of operation change, the company's name was changed to "Hainan Haihong (Holdings) Co. ", referred to as "Sea Rainbow Holdings", the English name for the SEARAINBOW HOLDING CORP. June 15, 1998, "Sea Rainbow Holdings" stock listing changed to "In 1998, Haihong Holdings invested heavily in the development of "military spandex" series of products for the revitalization of the original assets. The company realized a profit of 22.26 million yuan, turning a loss into a profit. May 1999 Acquired Beijing Lianzhong Computer Technology Co., Ltd. and in September, signed a telecom sharing agreement with Beijing Telegraph Bureau (Beijing Telecom).

This cooperation is a useful attempt made by domestic ICP and ISP in network information service.

In June 1999, Hainan Haihong Chemical Fiber Industry Co., Ltd. was authorized to use the patented production technology of the military port series of fabrics. This project enabled the enterprise to solve the problem of sustainable development of chemical fiber business in one go. A move, the whole plate is alive, the new efficiency of the growth point also gradually appeared. From March 21, 2000, the Shenzhen Stock Exchange withdrew the special treatment for the company's stock trading. The stock abbreviation was changed from "ST Haihong" to "Haihong Holdings", and the stock code remained 0503. In June 2000, "Smiling Proud Wanderer" and "Asian Games" were launched. "In the second half of 2000, Haihong Pharmaceutical E-commerce Solution was launched with centralized bidding and purchasing of pharmaceuticals as the main commercial means, and on September 27th, Haihong received the first national pharmaceutical e-commerce qualification certificate. On March 6, 2001, Haihong signed a strategic cooperation agreement with Disney Internet Group, and was authorized to build and operate the Disney China website. In 2001, the planned production of chemical fiber industry was 11,600 tons, the actual completion of 11,661 tons, the production hit the highest level in history. 2001, CGS continued to improve and promote the value-added telecommunication service system, and has signed telecommunication share agreements with telecommunication enterprises in 30 provinces and cities, such as Tianjin, Jiangsu, Anhui, and Shanghai, etc.; the world of Lianzhong has 32 million registered users, and the highest number of simultaneous online 200,000 people.

In 2001, 26 provincial and municipal local trading centers were established nationwide, and the local trading centers undertook a total of 24 batches of procurement projects, totaling 4.415 billion yuan.

On January 15, 2002, the company's name was formally changed to "Haihong Enterprises (Holding) Company Limited". The stock code 000503 and stock abbreviation "Sea Rainbow Holdings" remain unchanged. Lianzhong and the Chess Sports Management Center of the State General Administration of Sports co-sponsored the "China Internet Chess Competition" from December 2002 to May 2003, which was the first official nationwide Internet chess tournament. Agreement on the system platform of "Zhejiang Health Net", the total investment of the project is 116 million RMB, which will be invested by the Company in phases according to the actual progress of work. 2002, the purchase of medicines through the trading platform of the Company has taken up nearly 10% of the trading volume of medicines in China, with the total trading volume amounting to 12.244 billion RMB. 12.244 billion yuan. 2002 saw rapid growth in the telecom sharing business operated by the Company, with caller dialing services carried out in some areas, such as Beijing 96291, Beijing 96860, Beijing 95795, Hunan 96163 and Shenzhen 96336. By the end of 2002, Lianzhong World*** had 72 million registered users, with the highest number of simultaneous online users exceeding 320,000 people.

On March 14, 2003, the company announced in China Securities Journal and Securities Times and Juchao.com that the company would issue no more than 40 million additional A shares with the approval of China Securities Regulatory Commission. After the quotation and other procedures, the additional issue was successful, and 32,222,058 new shares were listed and circulated from April 3, 2003 onwards. On July 16, 2003, the Company and its related companies signed an agreement with ACTOZ Corporation*** in South Korea on the operation license of the online game "A3", in which ACTOZ Corporation authorized the exclusive operation license of "A3" in mainland China to the Company's holding company. In 2003, the Company's pharmaceutical e-commerce business continued to grow, with the total transaction amount reaching RMB15.297 billion, while the medical equipment e-commerce business also developed, with the transaction amount reaching RMB1.644 billion. The number of people online at the same time in Lianzhong World is also nearly 600,000 people.

The company's pharmaceutical e-commerce started in 2000. In that year, the General Office of the State Council forwarded the State Council Reform Office and other departments "on the reform of the urban medical and health system guiding opinions" (State Office of the State Council [2000] No. 16) and its supporting documents, requiring "in the purchase and sale of medicines in the activities, we should actively utilize the modern electronic information network technology, to improve efficiency and reduce the cost of circulation of medicines," the document This document provides a favorable policy environment for the development of Haihong's pharmaceutical e-commerce business, enabling the rapid development of China's pharmaceutical e-commerce business, including Haihong's pharmaceutical e-commerce system.

In the face of this highly potential pioneering, industry-wide development opportunities, Haihong Holdings immediately and decisively to seize this historic opportunity, and actively invest in human, material and financial resources in Hainan, Beijing and other places in the centralized purchasing of medicines for health care institutions in the pilot work to actively explore, and took the lead in achieving success.