Qingdao Pengyuan Kanghua Natural Products Co., Ltd., formerly known as Qingdao Pengyuan Natural Pigment Research Institute, was established in 1996. With a registered capital of 13 million yuan, it is a high-tech enterprise in Qingdao and one of the early manufacturers of natural pigments in China.

Its main products include E163, E162, E140, E141, E100, and various concentrated juices. Natural pigments include purple sweet potato red, beet red, cabbage red, radish red, grape skin red, purple carrot pigment, perilla red, gardenia yellow/green/blue, turmeric, etc. These are primarily used in food, beverages, cosmetics, health products, and daily chemical products. The products are exported to over 20 countries and regions worldwide.