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Hefei Carbon Limited Liability Company, formerly known as Hefei Carbon Factory, was founded in 1971 and was operated by three shareholders as a joint venture before restructuring.On July 16, 2005, Liaoning Fangda Group Industry Co., Ltd. legally acquired 48.11% equity interest in one of the shareholders, and thereafter successfully acquired 4% equity interest in the other shareholder.In December 2006, Fangda Carbon New Material Science and Technology Co., Ltd. financed to acquire 52.11% equity interest held by Liaoning Fangda Group Industry Co. On October 16, 2017, Fangda Carbon New Material Technology Co., Ltd. once again acquired 47.89% of the equity interest of the third shareholder, realizing the wholly-owned holding of Hefei Carbon.

Hefei Carbon Co., Ltd. is a well-known carbon producer in Anhui Province, and its main products are Φ200 to Φ600mm ordinary power, high power and ultra-high power graphite electrodes, which are widely used in the industries of iron and steel, ferroalloys, abrasive materials, yellow phosphorus, foundry, industrial silicon and so on. The graphite electrodes produced by Hefei Carbon enjoy high reputation at home and abroad, and are recognized as excellent suppliers by many domestic iron and steel enterprises, and the products are popular in Japan, Southeast Asia, Europe and the United States.