Introduction
Zhejiang Hengyi Group Co., Ltd. was founded in 1974 and officially established as a group corporation on October 18, 1994. It has now developed into a large modern private enterprise specializing in petrochemical and chemical fiber raw material production, with over 20,000 employees and total assets of nearly 100 billion RMB, ranking among the "100-billion-yuan output value" cohort. The group is unwavering in strengthening its main business and has established a "Petrochemical+" strategic vision encompassing petrochemical industry, petrochemical trade, petrochemical finance, and petrochemical logistics. It pioneered the dual industrial chain-driven development model of "polyester + nylon" in the national industry. Its affiliated and controlled enterprises currently possess an annual production capacity of 13.5 million tons of PTA, 7.55 million tons of PET, 600,000 tons of DTY, 400,000 tons of CPL, and 465,000 tons of PA6. Hengyi Group completed the listing of its subsidiary Hengyi Petrochemical on the Shenzhen Stock Exchange in 2011. In addition to its core business, Zhejiang Chouzhou Commercial Bank Co., Ltd., in which Hengyi Group holds shares, was also listed on the Hong Kong Stock Exchange in March 2016. In 2018, Hengyi Group continued its strong development momentum, achieving an industrial output value of 147.97 billion RMB, a year-on-year increase of 38.09%; sales revenue of 144.722 billion RMB, a year-on-year increase of 38.22%; total profit of 2.443 billion RMB, a year-on-year increase of 19.77%; and total tax payment of 1.79 billion RMB, a year-on-year increase of 100.46%. Over more than 40 years of entrepreneurial innovation, Hengyi Group has adhered to the corporate spirit of "Never Stop, Create Brilliance," remaining steadfast through challenges and dedicated to the real industry without regret. It focuses wholeheartedly on major undertakings and is committed to strengthening its main business, consistently ranking among China's Top 500 Enterprises and China's Top 500 Private Enterprises. It has achieved three major developmental leaps: "cross-regional, cross-ownership, and cross-border." Currently, Hengyi Group is actively responding to the "Belt and Road" initiative, further accelerating its internationalization步伐, and全力 promoting the construction of the Hengyi Brunei PMB Petrochemical Project.