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为适应社会主义市场经济的发展，加快转换经营机制的步伐，湖南宝庆化工厂（下称宝庆厂）１９９７年底以部分出资对外入股和职工持股共同发起组建“湖南宝晶化工有限公司责任公司”（下称宝晶公司），进行了一场彻底的股份制改造。基本做法实行产权重组，全员持股，注资经营。
In order to adapt to the development of the socialist market economy and speed up the transformation of the operating mechanism, Hunan Baoqing Chemical Plant (hereinafter referred to as Baoqing Plant) jointly initiated the establishment of “Hunan Baojing Chemical Co., Ltd.” with partial investment in foreign shares and employee shareholding at the end of 1997. The company" (hereinafter referred to as Baojing Company) conducted a thorough joint-stock reform. The basic practice is to implement the reorganization of property rights. All employees hold shares and invest in capital.