Baoshida Dongying Industrial Park, located in the heart of China's second largest oilfield - the Shengli Oilfield, is an important part of the Shandong Peninsula Urban Agglomeration and the central city of the Yellow River Delta - Dongying City, which has been named one of China's "six most beautiful wetlands". It is a subsidiary of the Baoshida International Holdings Group, and the petroleum equipment industry is one of the group's four pillar industries.

Baoshida Dongying Industrial Park was established in 2002 and has two parks, covering an area of about 530,000 square meters. The current annual sales revenue is 200 million RMB, and the main products include parts for ESP units (motor housings, pump housings, protectors, thrust bearing housings, motor shafts, pump shafts, etc.), hollow sucker rods, Polished rods, and 四年Sinker bars, as well as various cold-rolled and cold-drawn precision seamless steel tubes. The products are currently exported to the United States, UAE, Russia, Singapore, and other countries, and are also used by domestic oilfields, mechanical processing factories, and automotive oil cylinder manufacturers.