The Shandong Changyi Petrochemical Corp has received an “Advanced Chinese chemical enterprise” award for its patent work from the Chinese chemical patent awards committee. In recent years, it has made some progress in patent applications and patent licensing, with a 30% annual increase in patent licensing on average. The company supports patent protection through standardized IPR management and technological innovations and operation mechanism. It has generally raised its IPR management and operation levels. The company expects to further improve the patent applying policy, improve its innovative capacity and IPR protection awareness and promote innovation and core competitiveness.