Yueyang Baling Petroleum is not a state-owned enterprise. Hunan Baling Oil&Fat Co., Ltd. was changed to Daodao Whole Grain & Oil Co., Ltd., which is mainly engaged in the research, development, production and sales of edible vegetable oil. At present, packaged rapeseed oil is the main product. In addition, the company will also produce by-products in the process of producing edible vegetable oil, such as soybean meal, rapeseed meal, soapstock and so on. , mainly used in feed processing and oil chemical industry, bulk oil is sold to food processing enterprises or other oil enterprises. The company's packaged rapeseed oil products are divided into small packaged oils (representative brands: Daodaoquan and Caiziwang) mainly for household consumption and medium packaged oils (representative brands: Poseidon and Wang Jincai) mainly for catering and hotel industries.