Yueyang Xingchang Petro-chemical Co., Ltd.
岳阳兴长
000819
Shenzhen Stock Exchange
Company Profile
（1） The first domestic company to master the complete set of metallocene technology The company has independently developed a complete set of technologies for the synthesis of metallocene compounds, preparation of metallocene catalysts, polymerization processes, product modification, and market development. It has been successfully applied to the 300000 tons/year polyolefin new material project of Huizhou Lituo, becoming the first enterprise in China to master the complete set of metallocene technology. Based on this, the company continues to develop new technologies, products, and applications, promote the import substitution of high-end polyolefin products, upgrade downstream industries, accelerate the strategic layout of the company's new material industry system, consolidate and enhance its leading position in the high-end polyolefin industry. （2） Million ton comprehensive energy and chemical production and sales integrated enterprise in the Two Lakes region The company's clean energy blending components MTBE and industrial isooctane have the highest production and market share in the Two Lakes region. At the same time, based on the production and sales capacity of 135000 tons/year MTBE, 200000 tons/year industrial iso octane, and 500000 tons/year gasoline, the company has connected the industrial chain of the refined oil energy and chemical sector, becoming the first million ton comprehensive production and sales integrated enterprise in the Two Lakes region except for Sinopec, and widely serving the social livelihood. （3） A comprehensive integrated and open research platform The company's New Materials Research Institute conducts technical verification of new technologies and innovation bases developed by the R&D center, and ultimately achieves industrialization through the company's supporting production equipment, forming an integrated technological capability for technology research and development, technology verification, and achievement transformation throughout the entire chain. Set up a technology cooperation platform externally to provide service support and business incubation for external technologies. Internal and external scientific research activities ensure the continuous cultivation of scientific research talents, the output of scientific and technological achievements, and the sustained high-quality development of the company. （4） Leading salary incentive mechanism A salary system based on job value, with multi-level incentive mechanisms such as local talent subsidies, housing loans, learning rewards, key work rewards, project follow-up investment, equity incentives, etc., encourages employees to be happy and dedicated, motivates employees to continuously grow, overcome difficulties, innovate and create efficiency, ensures that hardworking individuals have performance rewards, share the company's development achievements, and continuously improve their sense of achievement, happiness, and belonging, forming a strong force for entrepreneurship. （5） Pursuing an excellent corporate culture Adhering to the corporate spirit of "hard work, competition, practicality, and excellence", following the core values of "quality shapes life", and following the development positioning of "being a win-win provider of products and services in the process of upgrading the petrochemical industry", and focusing on the development vision of "building a listed company with development prospects for quality development", the entire company is united, dedicated, innovative, and determined to move forward, tirelessly striving towards the company's vision goals.
Full description
Yueyang Xingchang belongs to the petrochemical industry, as of June 30, 2025, the company's total share capital of 370 million shares, total assets of 3.25 billion yuan, net assets of 2.142 billion yuan, sales revenue of 1.529 billion yuan for the region's comprehensive large-scale petrochemical enterprises. The company takes petrochemical industry as the main channel, relying on the dual base in central and southern China, plowing into the three major fields of new chemical materials, energy-saving and environmental protection, and clean energy, with science and technology, management, talent and culture as the strategic support. The layout focuses on the following three areas. 【New Materials】 300,000 tons of metallocene polyolefin plant will be put into trial production in 2024, simultaneously expanding the market of special phenol industry chain, superimposed on 100,000 tons of gas separation plant and 20,000 tons of polyolefin wax project under construction, the cost of raw materials and product types continue to be optimized; 【Energy Saving and Environmental Protection】 VOCs treatment technology has been widely used, the iron and steel exhaust gas CO treatment and sulfur paste resource projects to accelerate the landing, and efforts to develop Low-energy management solutions; 【Clean Energy】Based on 135,000 tons/year of MTBE, 200,000 tons/year of industrial isooctane and 500,000 tons/year of gasoline production and sales capacity, the company has already connected the industrial chain of the refined oil products and chemical industry segment. In the future, the company will rely on Ethylene Refining and Chemical Integration Project's carbon tetro resources of Sinopec Hunan Petrochemical Co., Ltd, combined with its own existing industrial chain, to enhance the load of MTBE, industrial isooctane and other devices, and at the same time, further extend the industrial chain, using self-developed technology, to build devices to produce high-end polyolefins, alkyl phenols and other high-value-added products, to enhance the competitiveness of the market.