Hengli Petrochemical Co.,Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Hengli Petrochemical Co., Ltd. (hereinafter referred to as "Hengli Petrochemical" or "Company") is the core listed subsidiary of Hengli Group, a Fortune 500 company. The company successfully landed on the domestic capital market in 2016 and was listed on the main board of the Shanghai Stock Exchange. The controlling shareholder of the company, Hengli Group, was founded in 1994 and has gradually developed into an international enterprise with a full industrial chain of refining, petrochemical, polyester new materials, and textiles. Hengli Group had a total revenue of 695.3 billion yuan in 2020, and is currently ranked 67th on the Fortune Global 500, 21st on the Chinese Enterprise 500, 3rd on the Chinese Private Enterprise 500, and 6th on the Chinese Manufacturing Enterprise 500. In March 2016, Jiangsu Hengli Chemical Fiber Co., Ltd., as the main business entity and predecessor of Hengli Group's chemical fiber assets, took advantage of Dalian Rubber and Plastic Machinery Co., Ltd. to achieve a restructuring and listing on the main board of the Shanghai Stock Exchange. The stock abbreviation of the listed company was also changed to "Hengli Shares", with the stock code of 600346. After the completion of the restructuring and listing, in order to ensure the upstream raw material guarantee ability and achieve the established strategic goal of the entire industry chain development of the listed company, the controlling shareholder Hengli Group immediately launched its large-scale oil refining project and PTA business injection into the entire listing work and asset restructuring process of the refining and petrochemical business sectors of the listed company. In December 2017, the asset restructuring was successful. In February 2018, the transfer of assets and the listing of new shares were completed, marking the basic completion of the overall listing of the listed company from polyester new materials to PTA, aromatics, and refining industry chains. The company has formed a complete industry chain of "crude oil aromatics, ethylene terephthalic acid (PTA), ethylene glycol polyester (PET) civilian and industrial silk, engineering plastics, and films", We have achieved the integrated and collaborative operation of the entire industry chain in the petrochemical business sector of the group. On June 28, 2019, the abbreviation of the securities was changed to "Hengli Petrochemical". As of now, Hengli Petrochemical has more than 20 wholly-owned and holding subsidiaries, including Jiangsu Hengli Chemical Fiber Co., Ltd., Hengli Petrochemical (Dalian) Co., Ltd., Hengli Petrochemical (Dalian) Refining and Chemical Co., Ltd., and Kanghui New Materials Technology Co., Ltd. The company's main business covers industries such as petroleum refining, petrochemicals, aromatics, PTA, civilian polyester filament, industrial polyester filament, engineering plastics, polyester film, and thermal power. Large industrial bases have been established in Suzhou, Dalian, Suqian, Nantong, and Yingkou, respectively. The PTA production base built on Changxing Island in Dalian has an annual production capacity of 11.6 million tons, making it one of the largest PTA production bases in the world and possessing strong industry competitiveness in the domestic market. The core unit of the Hengli 20 million ton/year refining and chemical integration project, which has been put into operation, is the 4.5 million ton/year aromatics complex unit, which has received key support from the State Council and the National Development and Reform Commission. At the same time, the company is currently one of the largest and most advanced manufacturers of civil and industrial polyester filaments in China. The total production capacity of the polyester sector is 2.84 million tons, including 1.63 million tons of polyester civil filaments, 200000 tons of polyester films, 160000 tons of engineering plastics, 450000 tons of polyester chips, and 200000 tons of film grade chips. The company's thermal power business sector also has 668000 kilowatt power generation units, with an hourly gas supply capacity of over 6000 tons. In the new era, Hengli Petrochemical will continue to uphold the patriotism of "craftsmen running the country", driven by innovation, focusing on the main business, and focusing on details, to achieve a magnificent transformation of the company from "an excellent domestic chemical fiber enterprise" to "a world-class petrochemical leading enterprise". Hengli people will also take on a new mission, always bearing in mind "responsibility, responsibility, innovation", using new development concepts and Hengli people's new actions, to improve the entire industrial chain development of "crude oil aromatics, ethylene terephthalic acid (PTA), ethylene glycol polyester (PET) - civil silk and industrial silk, engineering plastics, film", and achieve the "Hengli Dream" of promoting national progress through industrial development. |
| Headquarter | Dalian |
| Establish Date | 3/9/1999 |
| Listed Code | 600346.SH |
| Listed Date | 8/20/2001 |
| Chairman | Fan Hongwei. |
| CEO | Wang Zhiqing. |
| Website | hengliinc.com |
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