Introduction
Lihuayi Group is a large-scale shareholding enterprise group with petrochemicals as its leading industry, while steadily developing pharmaceuticals, textile and apparel, import and export trade, and other sectors through cross-industry diversified operations. It is ranked among the Top 500 Chinese Enterprises, Top 100 Chinese Chemical Enterprises, Top 10 in Independent Innovation Capability in China's Large and Medium-Sized Industrial Enterprises by Industry, Top 100 Enterprises in Shandong Province, and Top 100 Taxpayers in Shandong Province. Currently, the group has total assets of RMB 30 billion and comprises more than ten subsidiaries, including Lihuayi Lijin Refining & Chemical Co., Ltd., Shandong Phoenix Pharmaceutical Co., Ltd., Sanyang Textile Co., Ltd., and Shandong Guoneng Petrochemical Import & Export Co., Ltd. The group holds qualifications and quotas for the use of imported crude oil, non-state trade import of crude oil, processing trade export of refined oil products, independent import of fuel oil, and wholesale operation of refined oil products. It is primarily engaged in the production and operation of petrochemicals, pharmaceuticals, textiles, chemical fibers, apparel, butanol, octanol, MTBE, butane, thermal power, phthalic anhydride, and other products.After years of development, Lihuayi Group has established five major industrial platforms: petrochemicals, pharmaceuticals, apparel and textiles with thermal power, environmental protection, and foreign investment. It operates a national postdoctoral research workstation and has undertaken numerous technological innovation projects, including national major science and technology projects, national modern traditional Chinese medicine industrialization demonstration projects, national Torch Program projects, national Spark Program projects, and scientific achievement promotion projects of the National Administration of Traditional Chinese Medicine. The group has been honored with titles such as China Excellent Enterprise, National Torch Program Key High-Tech Enterprise, National Outstanding Corporate Culture Achievement, China Well-Known Trademark, China Famous Brand Product, National Clean and Civilized Factory, Shandong Province Meritorious Enterprise of the 30 Years of Reform and Opening-Up, Shandong Governor's Quality Award, Enterprise Management Award, Enterprise Management Innovation Achievement Award, Management Model Enterprise, Top Ten Management Innovation Enterprises, Energy Conservation Advanced Enterprise, Environmental Protection Outstanding Enterprise, Corporate Culture Construction Innovation Achievement Award, Dongying City First Meritorious Enterprise, First Mayoral Quality Award, and First Prize for Industrial Enterprise Transformation and Upgrading.For future development, Lihuayi Group aims to "become an integrator at the top of the value chain and a creator of high value within the value chain." Guided by its overall development strategy of "highlighting the main business, diversifying operations, expanding and strengthening, achieving diversified investment entities," building a leading domestic "large industrial cluster and two major industrial bases," and "establishing an internationalized, global enterprise group," the group follows the development path of "oil head, chemical body, high chemical tail" for its leading petrochemical industry and the development model of "integration of refining and fine chemicals." It accelerates transformation, upgrading, and transition, striving to quickly build a large integrated refining and fine chemicals petrochemical industrial base with sales revenue exceeding RMB 100 billion, along with leading domestic modern new traditional Chinese medicine and high-end textile industrial bases. The goal is to become a globalized, international large enterprise group with excellent assets, leading technology, culture-driven governance, renowned brands, environmental friendliness, employee prosperity, and a lofty vision for sustainable development.
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