Hengyi Petrochemical Co., Ltd.
恒逸石化
000703
Shenzhen Stock Exchange
Company Profile
Hengyi Petrochemical (Stock Code: 000703.SZ), as a globally leading integrated industrial chain leader in "refining – chemical – chemical fiber", has established its upstream strategic foothold through the Brunei Refining & Chemical Phase I project in Southeast Asia, with domestic PTA-PET and CPL-PA6 plants serving as its industrial foundation. By leveraging efficient cross-border coordination and vertical integration across upstream, midstream, and downstream operations, the Company has built a fully integrated industrial chain closed loop from crude oil processing to chemical fiber products. This has resulted in a unique domestic industrial portfolio featuring a "polyester + polyamide" dual-driven model and a well-balanced columnar structure across its business segments. The Company has fully initiated the construction of the Brunei Refining & Chemical Phase II project to further increase its overseas market share and strengthen its integrated and global competitive advantages. While maintaining its industry-leading position, the Company is accelerating the implementation of the "Technology-driven Hengyi" strategy, adhering to the principles of "green manufacturing" and "circular economy". Centered around its core businesses, the Company is steadily advancing technological R&D, product commercialization, and process innovation for high-value-added products. At the same time, it is actively promoting the R&D and industrial application of supporting products such as catalysts, spinning oils, and auxiliaries, thereby laying a solid foundation for sustainable development. Driven by digitalization and intelligent manufacturing, the Company is marching confidently toward its ambitious goal of becoming a domestically leading and internationally first-class private multinational industrial group in the "refining – chemical – chemical fiber" sector.
Full description
Hengyi Petrochemical (Stock Code: 000703.SZ), as a globally leading integrated industrial chain leader in "refining – chemical – chemical fiber", has established its upstream strategic foothold through the Brunei Refining & Chemical Phase I project in Southeast Asia, with domestic PTA-PET and CPL-PA6 plants serving as its industrial foundation. By leveraging efficient cross-border coordination and vertical integration across upstream, midstream, and downstream operations, the Company has built a fully integrated industrial chain closed loop from crude oil processing to chemical fiber products. This has resulted in a unique domestic industrial portfolio featuring a "polyester + polyamide" dual-driven model and a well-balanced columnar structure across its business segments. The Company has fully initiated the construction of the Brunei Refining & Chemical Phase II project to further increase its overseas market share and strengthen its integrated and global competitive advantages. As of the reporting date, the Company has achieved an annual design refining capacity of 8 million tons (Brunei Phase I project), a combined equity-plus-shareholding PTA capacity of 21.5 million tons, a combined polymerization capacity of 14.68 million tons, a combined CPL capacity of 1 million tons, a PA6 capacity of 600,000 tons, and a PIA design capacity of 300,000 tons. Leveraging the vertical integration advantages across "refining – aromatics – chemical fiber", the Company realizes full-chain value creation from crude oil processing to chemical fiber products, continuously reinforcing its core competitiveness.