The company's predecessor was Dalian Hailun Service Company established in 1958, and was originally wholly owned by the state. Friendship Group was formed in 1992. In 1993, it was restructured from a nationally owned enterprise to a joint stock enterprise. It was officially listed on the Shenzhen Stock Exchange on January 24, 1997. The company's business involves real estate, retail, and general trade. The main products or services are: real estate development and sales, commodity retail, ship-to-ship supply, import and export trade, duty-free goods, agricultural and sideline products procurement, guest room and office rental, conference services, enterprise management services, and advertising services.
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