The company was founded in 1958 as Qingdao Chemical Fertilizer Factory, renamed Qingdao Alkali Factory in 1984, and was listed as the first batch of pilot units in Qingdao to complete the restructuring in 1994, and established Qingdao Alkali Company Limited, which was listed on the Shanghai Stock Exchange in 2000, and became the first listed company in Qingdao's chemical industry. The company has 3 branches and 5 subsidiaries. The annual production capacity of main products is 800,000 tons of soda ash, 500,000 tons of fertilizer, 150,000 tons of calcium chloride, 580 million kwh of self-generated electricity, 7 million tons of steam, the first batch of Qingdao and Shandong Province AAA enterprises with excellent credit rating, and in 2006, it was awarded the "National AAA Credit Enterprise".

The company has always insisted on technological progress and management innovation, has a provincial technology center, has a more complete scientific research, development, design, manufacturing, installation and other professional supporting technology, the production of leading products in the industry to maintain a clear advantage. The company's leading product "Zili" brand soda ash was named "China Famous Brand" products; "Minfeng" brand urea and "Zili" brand calcium chloride was named "China Famous Brand" products; "Minfeng" brand urea and "Zili" brand calcium chloride was named "China Famous Brand" products. The "Zili" brand soda ash was awarded as "China Famous Brand" product; "Minfeng" brand urea and "Zili" brand calcium chloride were awarded as "Shandong Famous Brand" products; baking soda products were awarded as "Qingdao Famous Brand" products.

In order to realize greater development, the company, guided by the scientific concept of development, has formulated the "Eleventh Five-Year" Circular Economy Development Plan, which aims to build up a comprehensive industrial base of Qingdao Alkali Industry with the five major industries of petrochemicals, salt chemicals, biochemicals, fine chemicals and clean energy during the period of the "Eleventh Five-Year Plan". During the period of "11th Five-Year Plan", Qingdao Alkali comprehensive chemical base with petrochemical, salt chemical, biochemical, fine chemical and clean energy as its pillars will be built to realize healthy and sustainable development.