I thought it was just oil made roughly by an unknown company with outrageous value for money
But it turned out to be made by a company with decent technical capabilities that produces automobile engine oil, engine additives, and many other chemicals domestically.
Compared to the chain oils I've used so far, I'm quite satisfied with the viscosity, fluidity, non-clumping, and so on.
The worst one I've tried was WD-40 Dry Lube (despite being called "dry," it clumped and stuck badly. Every time I cleaned it, there was serious buildup...)
Out of curiosity, I also tried ultra-cheap Chinese oil from AliExpress, but chain corrosion is no joke with it, as if it has no anti-rust ingredients at all.
I think I'll settle on Daiso chain oil for a while.