Founded in 1992, formerly known as Huludao Pharmaceutical Chemical Plant, it was renamed Liaoning Shixing Pharmaceutical And Chemical Co.,Ltd in 2004.

In 1998, it was granted the right to operate imports and exports.

In August 2002 passed the ISO9000 quality management system certification.

In 2004, the company invested 80 million yuan to rebuild the 70,000-ton/year nitrochlorobenzene production plant in two phases, and adopted 6 domestic leading technologies to produce PNCB, ONCB, MNCB by mixed acid nitrification process, obtaining policy support to revitalize the old industrial base in Northeast China.

In September 2006, it passed the certification of ISO9001, ISO14001, ISO45001 (Quality, safety, environmental occupational health) three-in-one system.

In 2007, the company invested 157 million yuan to build a production plant of vanillin and ethyl vanillin of 3000 tons/year by using the new technology of chlorine-free guaiacol developed by ourselves, achieving a major breakthrough in the synthesis technology of vanillin, separation and purification technology, and automatic production control technology. The core technology of ethyl vanillin production technology fills the domestic technical gap.

In 2008, Vanillin project was listed as a key support project by the National Development and Reform Commission and received national debt support fund of 8.4 million yuan

In 2008, the company was rated as A science and technology demonstration enterprise and a high-tech enterprise by the provincial Department of Science and Technology, and an "A-level enterprise with tax credit" by the State and local tax system of Huludao City. Since 2008, the company has been rated as "Advanced Enterprise" and "star enterprise" by the Huludao Municipal Party Committee, municipal government, District Party Committee and district government for many consecutive years. It is also listed as a key protection enterprise.

In 2011, the company invested 62 million yuan to complete the "Annual output of 30,000 tons of hydrogenated P-aminophenol and supporting engineering technical improvement Project". This project adopts the new process of continuous crystallization production of p-aminophenol by hydrogenated method, which is the first of its kind in China, and realizes the automatic control of DCS and SIS safety instrument control. The quality of P-Aminophenol is stable and a clean production environment is achieved. Technology leading the domestic industry.

In 2012, the company used catalyst hydrogenation method to build a 5000 tons/year p-chloroaniline production plant, and built the first domestic p-chloroaniline production line by hydrogenation process

In April 2012, "Shixing" trademark was recognized as "China Well-known Trademark" by the State Administration for Industry and Commerce.

On April 15, 2015, the company obtained the invention patent of o-Anisidine production method

In December 2015, it won the first 40 integrity demonstration enterprises in Huludao City.

In 2017, the company transformed the original production workshop into an industrial chain of 8000 tons/year o-nitrophenol, 6000 tons/year o-aminophenol and 3000 tons/year fluorescent brightening agent OB-1.

In September 2021, the company signed a cooperation agreement with Shandong Shengxuda Environmental Protection Engineering Co., LTD., investing more than 55 million yuan to construct a comprehensive sewage treatment technology renovation project covering an area of about 13,000 square meters.

In 2022, the company plans to raise 110 million yuan by itself to upgrade the Vanillin workshop, use ethanol instead of chloroethane as the initial raw material, and transform a production unit of 3,000 tons per year.

On March 17, 2022, the company successfully negotiated with the listed company Guangxin Shares (stock code 603599) and reached an agreement on the merger and acquisition.

The sewage renovation project was put into operation on September 19, 2022.