Founded in December 2006, Shandong Guobang Pharmaceutical is a core enterprise of the Guobang Pharmaceutical Group. The company is located in the Weifang Binhai National Economic and Technological Development Area and is connected to Qinghai and Yantai to the east, Zibo and Dongying to the west, Linyi and Rizhao to the south and Laizhou Bay, Bohai to the north.

The company grounds cover 66 hectares. Currently, the company has over 1,200 employees, of which a third are specialist technical personnel, primarily graduates of Qinghua University, Zhejiang University, Tianjin University, Shandong University, East China University of Science and Technology, China Pharmaceutical University and other famous institutes of higher learning.

The company's core is in pharmaceutical chemical engineering technology and aims to improve the pharmaceutical and veterinary industry chain. It has lean production capacity for more than 20 typical chemical reactions, has established a complete manufacturing equipment system and has strong national competitiveness. With the One System, Two Platforms system as its basis, the company is engaged in the R&D, production and operations of pharmaceutical APIs and key pharmaceutical intermediates. It is the world's top company in the production and sales of its major products, such as potassium borohydride and florfenicol. The company's sales network covers all regions of China, as well as the US and European markets. 

The company has a strong reputation within the industry, having been awarded multiple titles, including National High-tech Enterprise, Shandong Province Innovative Pilot Enterprise, China Patents Shandong Star Enterprise, Shandong Province Contract-abiding and Credit-worthy Enterprise, Weifang Top 100 Industrial Enterprise, Weifang Top 100 Private Enterprise, Weifang Major Taxpayer, Shandong Province Youth Safe Production Role Model Company, Weifang Safety Culture Role Model Enterprise, Environmentally Friendly Enterprise,  Weifang Labor Protection Role Model Enterprise and Weifang A-grade Honest Employer.