South-Sea Chemical-Pharmaceutical Group Co., Ltd., founded in November 1985 and located in Xiachen Wenchangge in the south of Fenghua City, is a national high-tech enterprise specializing in international trading of powder coating agent and colored ink powder used in laser printer, and real estate development. It has five subsidiaries including Ningbo South-Sea Chemical Co., Ltd., Ningbo South-Sea Biochemical Co., Ltd., Ningob Flexitone New Materials Co., Ltd., Ningbo South-Sea International Trade Co., Ltd. and Fenghua South-Sea Real Estate Development Co., Ltd.