Jiangsu Dongfang Shenghong Co., LTD. (hereinafter referred to as "the Company" or "Dongfang Shenghong"), originally known as Silk Shares, was a state-owned enterprise, controlled by the State-owned Assets Supervision and Administration Commission of Wujiang City, Jiangsu Province, mainly engaged in chemical fiber and thermal power business. It completed its share reform in 1998 and went public in 2000. Due to poor performance, the listed company carried out asset restructuring in 2007, bought out the old textile related business, put in land, commercial real estate and other businesses, transformed into a new enterprise integrating silk exchange, power generation and real estate, and changed its name to Eastern Market.
In 2018, Guowang High-tech backdoor Oriental Market, the main differentiated chemical fiber business into the listed company, the company changed its name to "Oriental Shenghong", and changed from state-owned holdings to private capital holdings, becoming a typical reform of state-owned enterprises in Jiangsu. In 2019, the company acquired 100% equity of Shenghong Refining and Chemical (Refining and Chemical) and Honggang Petrochemical (Chemical fiber) under the Group, injected PTA assets, and since then formed a PTA-chemical fiber integrated business pattern. As of the end of February 21, the controlling shareholder of the company is Shenghong Technology, and the real control is Miao Hangen and Zhu Hongmei. It is a mixed-ownership enterprise with private capital holding and state-owned equity participation. Due to a certain background of state-owned assets, it can obtain certain external support.
Six, Hengli Petrochemical private refining and chemical leading
Hengli Group was founded in 1994, based on the main business, adhere to industry, oil refining, petrochemical, polyester new materials and textile industry chain development of international enterprises. The group now has one of the world's largest PTA factories, the world's largest functional fiber production base and one of the world's largest weaving enterprises, with 120,000 employees, a national "enterprise technology center", corporate competitiveness and product brand value are listed in the forefront of the international industry.
With a total revenue of 695.3 billion yuan in 2020, Hengli Group now ranks 107th among the World's top 500 enterprises, 28th among China's top 500 enterprises, 4th among China's Top 500 private Enterprises, 8th among China's Top 500 manufacturing enterprises, and has been awarded the "National Science and Technology Progress Award" and "National Advanced Employment Enterprise" by The State Council. Hengli has also been named "China chemical fiber industry environmental friendly enterprise", "National textile industry advanced collective", "National Torch Plan key high-tech enterprise", "National intellectual property Demonstration Enterprise", "National enterprise culture construction advanced unit", a number of products won the "China famous trademark", "national customer satisfaction products" and other titles. At present, Hengli Group has three listed companies, including Hengli Petrochemical Co., LTD., Guangdong Songfa Ceramics Co., LTD., Suzhou Wujiang Tonglihu Tourism Resort Co., LTD., and more than 20 entity enterprises, with production bases in Suzhou, Dalian, Suqian, Nantong, Yingkou, Luzhou, Yulin, Huizhou, Guiyang and other places.
Hengli Group adheres to the development of the whole industry chain, creating a complete industry chain of "crude oil - aromatics, ethylene - precise terephthalic acid (PTA), ethylene glycol - polyester (PET) - civil silk and industrial silk, engineering plastics, film - textile". In the refining sector, Hengli's 20 million tons/year refining and chemical integration project is the first major private refining and chemical project included in The State Council document, and it is also a new round of strategic projects for the revitalization of Northeast China. Adhering to the concept of "10 years not lagging behind" in project construction, Hengli has created the industry record of the world petrochemical industry's engineering construction speed, full process start-up speed and the fastest production speed, and has become the benchmark of high-quality development in the industry. In the petrochemical sector, the annual production capacity of the PTA project of Hengli Petrochemical (Dalian Changxing Island) Industrial Park reached 12 million tons, and the "high standard, strict requirements and fast pace" was completed and put into operation, refreshing a number of records in the international industry. In the new polyester material sector, Hengli Group has the world's leading technology and equipment, with an annual polymerization capacity of 5 million tons. In the textile sector, as a vertical extension of the group's industrial chain, Hengli Textile has more than 30,000 production equipment, with a capacity of more than 3 billion meters/year, and production bases are distributed in Suzhou, Suqian, Jiangsu, Luzhou, Sichuan and other places.
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