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企业概况

Company Profile

Jiangsu Eastern Shenghong Co., Ltd. (hereinafter referred to as “the Company”) is a globally leading energy and chemical enterprise that has vertically integrated the whole industrial chain and been deeply engaged in the new energy and new materials business. It is a core listed subsidiary of Shenghong Holding Group Co., Ltd. (hereinafter referred to as “Shenghong Group”), a Fortune Global 500 company. In August 2018, it successfully entered the Chinese capital market as the primary operating entity of Shenghong Group’s chemical fiber assets and was listed on the Main Board of the Shenzhen Stock Exchange after restructuring. The Company’s stock abbreviation is “Eastern Shenghong” and its stock code is “000301”.

The Company is primarily engaged in the industries of petrochemical, new chemical materials, polyester, and chemical fibers, with industrial bases in Lianyungang, Suzhou, and Suqian in Jiangsu Province. The Company has more than 50 subsidiaries and branches, including Shenghong Refining & Chemical (Lianyungang) Co., Ltd. (hereinafter referred to as “Shenghong Refining & Chemical”), Jiangsu Sierbang Petrochemical Co., Ltd. (hereinafter referred to as “Sierbang Petrochemical”), Jiangsu Honggang Petrochemical Co., Ltd. (hereinafter referred to as “Honggang Petrochemical”), Jiangsu Guowang Hi-Tech Fiber Co., Ltd. (hereinafter referred to as “Guowang Hi-Tech”), Shenghong New Materials (Suqian) Co., Ltd., and Jiangsu Reborn Technology Co., Ltd. (hereinafter referred to as “Reborn Technology”). The Company has approximately 30,000 employees in service. The Company’s subsidiaries, Shenghong Refining & Chemical, Sierbang Petrochemical, Honggang Petrochemical, Guowang Hi-Tech and Reborn Technology have been awarded the national Green Factory and several subsidiaries are national high-tech enterprises.

The Company has a refining-petrochemical integration plant with a capacity of 16 million metric tons/year, a methanol-to-olefin (MTO) plant with a capacity of 2.4 million metric tons/year, and a propane dehydrogenation (PDH) plant with a capacity of 700,000 metric tons/year, and has formed an industrial pattern of "double chains" of olefins and aromatics and has unique capabilities in integrative production of olefins, kerosene, coal and natural gas which has formed an integrated chemical industry chain with vertical integration. Relying on refining integration, alcohols coproduction and propylene industry chain projects, the Company has established a basic chemical raw material supply platform for downstream fine chemicals industries. The Company has established a new development strategy of "strengthening, extending and supplementing" the industrial chains from upstream oil refining to downstream high-value-added fine chemicals. The Company has formed an industrial layout of "1 core platform + N diversified industry chains" for new energy, new materials, electronic chemicals, biotechnology and other emerging industries developing in a coordinated way. Looking ahead, the Company will, on one hand, further expand the vertical integration of its entire industrial chain and deepen strategic layouts in new energy and new materials, and on the other hand, begin implementing its artificial intelligence strategy, including strengthening AI infrastructure construction, deepening scenario empowerment, focusing on the application of petrochemical refining, new energy and new materials, high-end textiles, and other industries fields, continue to cultivate "new quality productivity" to build a world-class energy and chemical enterprise under the wave of AI.

公司致辞

Company Message

Green Intelligence, Advancing Together
Pioneering the Journey Toward World-Class Enterprise Excellence

2025 marks the concluding year of the 14th Five-Year Plan and a pivotal year for our company to drive high-quality development and enhance overall strength. Adhering to the core business principle of "steady progress with forward momentum," we have deeply implemented the "1+N" strategy and AI-driven intelligence initiative, actively adapted to market dynamics, forged new pathways amid challenges, and consolidated competitive advantages through independent innovation. Our unwavering commitment to transitioning toward "high-end, green, and intelligent" development has propelled us forward with determination. Under the guiding vision of becoming a world-class energy and chemical enterprise, our management and staff have demonstrated unity, positive energy, and an unyielding spirit of victory. Thanks to the collective efforts of all employees, we have delivered a stellar annual performance characterized by "enhanced quality and efficiency, and green intelligence transformation."

This year, we leveraged the "1+N" strategy to optimize industrial layout. The 100,000 ton/year POE industrial-scale plant achieved mass production, setting industry-leading benchmarks across multiple metrics. Products such as EVA, acrylonitrile, and MMA maintained their market leadership, while a diversified portfolio of high-value-added downstream products—featuring ultra-high molecular weight polyethylene, PETG, CHDM, EC/DMC, POSM, and polyols—was established. Our industrial innovation capacity has been further strengthened with the founding of the Company’s Shenghong Advanced Materials Research Institute, creating a closed-loop innovation ecosystem spanning R&D, pilot testing, and commercialization. The Shenghong Advanced Functional Fiber Pilot Platform of the Company was selected for the Ministry of Industry and Information Technology’s first batch of key pilot platforms for cultivation, while the National East-Mid-West Regional Cooperation Demonstration Zone New Materials Pilot Base is progressing as scheduled, laying a robust foundation for integrating innovation chains with industrial chains.

This year, we harnessed intelligent transformation to elevate operational efficiency. The Company deployed China’s first digital twin model for PDH units, achieving cost reduction and efficiency gains. The Company’s "Dark Lab" (fully automated laboratory) has been operational under Sierbang Petrochemical, utilizing robots to replace manual operations and enhancing precision and safety in experiments. Our independently developed "Shenghong Process Industry Intelligent Large Model Platform" has been launched, seamlessly integrating intelligent agents (Agents), models, and data to empower frontline production and functional staff. Our intelligent transformation has gained national recognition: Shenghong Refining & Chemical was honored as a "National Advanced Collective in the Industrial and Information Technology System," while Shenghong Refining & Chemical’s 16-million-ton integrated refining and petrochemical intelligent factory and Sierbang Petrochemical’s alcohol-based multi-product intelligent factory were named "Jiangsu Provincial Level Advanced Intelligent Factories," establishing a new industry benchmark for manufacturing transformation.

This year, we championed green and low-carbon development to explore sustainable growth. Our company now operates two globally pioneering green industrial chains: A carbon capture-based polyester fiber production line that transforms CO2 into textile raw materials, reducing carbon emissions by 28.4% compared to virgin polyester; and a polyester fiber production system utilizing recycled mineral water bottles, effectively balancing economic and environmental benefits. The Reborn Technology project for direct spinning of recycled polyester flakes won the Second Prize of Jiangsu Provincial Science and Technology Progress Award. The carbon capture fiber case was featured in Fortune China’s "Best Design List." Our green fiber products have gained widespread market recognition, becoming a hallmark of our sustainable development.

Looking ahead to 2026, as a leading enterprise in the petroleum refining and chemical industry, our company will continue to align with national policy directions, lead industry trends, and identify stability amid change. Guided by our mission to "Practice Excellence, Lead the Future," we will firmly grasp the trends of high-end, intelligent, and low-carbon development. Seizing strategic opportunities, we will unswervingly advance high-quality growth, comprehensively upgrade integrated refining and chemical capabilities, accelerate the construction of high-end deep-processing industrial chains, intensify R&D investment, promote AI technology applications, and drive industrial transformation. We remain committed to collaborating with all stakeholders to steadily advance toward our goal of becoming a globally competitive world-class energy and chemical enterprise, contributing to high-quality industrial development and sustainable national industrial growth.

历史沿革

History

  • 2025Year

    2025Year5Month,Shenghong Refining & Chemical was awarded the title of "National Advanced Collective in Industrial and Information Systems" by the Ministry of Industry and Information Technology. 2025Year5Month,the advanced functional fiber pilot platform under the Company was shortlisted for the preliminary list of the first batch of key cultivated pilot platforms of the Ministry of Industry and Information Technology. 2025Year5Month,Shenghong Refining & Chemical's 16 million-ton integrated intelligent factory and Sierbang Petrochemical's alcohol-based multi-production intelligent factory were recognized as "Advanced Intelligent Factories in Jiangsu Province". 2025Year9Month,With the commissioning of its 100,000 ton/year POE industrial unit, the Company has become one of the few domestic leaders with independent R&D technology and large-scale production devices for two types of photovoltaic film raw materials. 2025Year10Month,The "reocoer" carbon capture fiber case has been selected for the Fortune China Best Design List. 2025Year11Month,The Shenghong Advanced Materials Research Institute was inaugurated.

  • 2024Year

    2024Year1Month,The PETG facility independently developed and designed by the Company successfully went into production, and multiple independent patent were applied for around this facility. The research and production of downstream new energy and new material products continued to deepen, accelerating the extension of the downstream value chain. 2024Year3Month,Sierbang Petrochemical was recognized as a "Manufacturing Industry Champion Enterprise" by MIIT. 2024Year4Month,The Petrochemical Industry Group’s PDH Smart Factory project received the "2023 Most Influential Automation Project of the Year in China" award. 2024Year6Month,Petrochemical Industry Group became the first Company in the industry to receive and utilize nuclear power steam. 2024Year9Month,The Company established the world’s first "CO₂-to-polyester fiber" industrial chain using carbon-capture technology, earning the "International Textile Federation Sustainability and Innovation Award" and launched the carbon capture fiber brand "reocoer." 2024Year10Month,Sierbang Petrochemical successfully produced 200,000 tons/year of EVA products, increasing total production capacity to 500,000 tons/year. 2024Year11Month,The Company’s research and industrialization project for melt direct spinning technology of polyester composite fibers won the first prize for technological progress from the China National Textile and Apparel Council for 2024.

  • 2022Year

    2022Year1Month,Upon the approval of the SCRC (in No. 4179 [2021] of SCRC Permit), the Company issued 1,111,528,326 shares to Shenghong Petrochemical Group Co., Ltd. and Lianyungang Bohong Industrial Co., Ltd., which were listed on the Shenzhen Stock Exchange on January 27, 2022. As of February 25, 2022, the total share capital of the Company was changed to 5,946,495,968 shares and the registered capital was changed to CN¥5,946,495,968 due to the increase in the number of shares of the Company as a result of the issuance of shares and the conversion of convertible corporate bonds to shares. 2022Year7Month,Upon the approval of the SCRC (in No. 4179 [2021] of SCRC Permit), the Company issued 266,714,109 ordinary shares in renminbi to 22 specific investors, which were listed on the SZSE on July 20, 2022. As of July 20, 2022, the total share capital of the Company was changed to 6,213,237,010 shares and the registered capital was changed to CN¥6,213,237,010 due to the increase in the number of shares of the Company as a result of the issuance of shares and the conversion of convertible corporate bonds to shares. 2022Year12Month,Upon the approval of domestic and overseas agencies, that is, the SCRC (in No. 3151 [2022] of SCRC Permit) and SIX Exchange Regulation AG, the Company completed all matters concerning GDR issuance and listing on the SIX Swiss Exchange on December 28, 2022. In that offering, 39,794,000 GDRs were issued, corresponding to 397,940,000 A shares of the Company as additional underlying securities. As of December 31, 2022, the total share capital of the Company was changed to 6,611,189,232 shares and the registered capital was changed to CN¥6,611,189,232 due to the increase in the number of shares of the Company as a result of this offering of GDRs of the Company and the conversion of convertible corporate bonds to shares.

  • 2021Year

    2021Year3Month,Upon the approval of the SCRC (in No. 512 [2021] of SCRC Permit), the Company issued 50,000,000 convertible corporate bonds on March 22, 2021, with a total issuance amount of CN¥5,000,000,000, which were listed for trading on the SZSE on April 21, 2021.

  • 2020Year

    2020Year7Month,Upon the approval of the SCRC (in No. 655 [2020] of SCRC Permit), the Company issued 805,810,644 ordinary shares in renminbi to a total of 15 specific investors, including Shenghong (Suzhou) Group Co., Ltd., which were listed on the SZSE on July 15, 2020. The total share capital of the Company was changed to 4,834,863,866 shares and the registered capital was changed to CN¥4,834,863,866.

  • 2018Year

    2018Year8Month,Upon the approval of the SCRC (in No. 1204 [2018] of SCRC Permit), the Company issued 28,10816,777 shares in a non-public offering in August 2018, which were listed for trading on the SZSE on September 3, 2018. The total share capital of the Company was changed to 4,029,053,222 shares and the registered capital was changed to CN¥4,029,053,222. 2018Year9Month,According to the resolution of the first extraordinary general meeting of shareholders in 2018, the name of the Company was changed from “Jiangsu Wujiang China Eastern Silk Market Co., Ltd.” to “Jiangsu Eastern Shenghong Co., Ltd.” and the stock abbreviation was changed from “Eastern Market” to “Eastern Shenghong.”

  • 2008Year

    2008Year7Month,According to the resolution of the second extraordinary general meeting of shareholders in 2008, the Company’s name was changed from “Wujiang Silk Co. Ltd.” to “Jiangsu Wujiang China Eastern Silk Market Co., Ltd.” and the stock abbreviation was changed from “Silk Share” to “Eastern Market.”

  • 2006Year

    2006Year10Month,The convertible corporate bonds issued and listed by the Company were cumulatively converted to share capital of 29,860,967,674 shares. According to the resolution of the first extraordinary general meeting of shareholders in 2006, the Company transferred 7 shares for every 10 shares in capital surplus to all shareholders on the basis of 7,166,609,674 shares in total (par value of CN¥1 per share) as at the close of business on October 30, 2006, and the Company’s share capital was increased by CN¥50,162,6771. At that time, the total share capital of the Company was changed to CN¥12,182,364,445 and the registered capital was changed to CN¥12,182,364,445.

  • 2002Year

    2002Year9Month,Upon the approval of the SCRC (in No. 85 [2002] of SCRC Issue), the Company issued convertible corporate bonds of CN¥800,000,000 on September 9, 2002, which were listed for trading on the SZSE on September 24, 2002.

  • 2000Year

    2000Year4Month,Upon the approval of the SCRC (in No. 35 [2000] of SCRC Issue), the Company issued 105,000,000 ordinary shares in renminbi to the public in April 2000, which were listed for trading on the SZSE on May 29, 2000.

  • 1998Year

    1998Year7Month,Jiangsu Eastern Shenghong Co., Ltd. (formerly known as “Wujiang Silk Co., Ltd.” and “Jiangsu Wujiang China Eastern Silk Market Co., Ltd.,” hereinafter referred to as the “Company”) is a limited-liability company incorporated jointly by Jiangsu Wujiang Silk Group Co., Ltd., Jiangsu Province Silk Group Co., Ltd., China Silk Industry Corporation, China National Garments Group Corp., and Suzhou Foreign Development Corporation upon the approval of the Jiangsu Provincial People’s Government (in No. 71 [1998] of Suzhou Government Reply). The Company was established on July 16, 1998, with a registered capital of CN¥313,000,000. 1998Year9Month,Upon the approval of the China Securities Regulatory Commission (SCRC) (in No. 223 [1998] of SCRC Issue and No. 224 [1998] of SCRC Issue), the Company issued convertible corporate bonds of CN¥200,000,000 in August 1998, which were listed for trading on the Shenzhen Stock Exchange (SZSE) on September 15, 1998.

  • 组织架构

    Organization

    荣誉资质(省级及省级以上)

    Honor

    (中文) 全国五一劳动奖状
    (中文) 全国劳动关系和谐企业
    国家火炬计划产业化示范项目证书 熔体直纺阳离子染料易染聚酯
    9 国家生物基PTT纤维产品开发基地x
    国望2014年 全消光基地
    2017年 国望高企证书
    智能制造试点示范(生物基纤维)
    中鲈2016 高新企业证书
    超仿棉聚酯纤维 科学技术一等 中国工业协会
    2017年度全国化纤行业品牌质量先进企业
    中鲈名牌产品证书 富达纶
    (中文) 德勤获奖证书

    未来蓝图

    Blueprint For The Future

    The Company is committed to promoting social harmony, environmental friendliness, and quality of life. It aims to practice excellence and lead the future by integrating benefit, environmental, and social dimensions into its standards, striving to achieve corporate value and create social value. The Company captures the industry trends of high-end, digital, and low-carbon development, fully advancing the transformation of strategic emerging industries. It focuses on new energy materials, high-performance new materials, and low-carbon green industries to build and form a core raw material platform + diversified industrial chains in new energy, new materials, electronic chemistry, and biotechnology, creating a "1+N" industrial pattern. The Company strives to build a world-class new energy and new materials high-tech industrial cluster, providing innovative chemistry and new materials for a green and sustainable future, to become a technology-oriented, application-focused, and scenario-based industry leading enterprise.

    The Company will actively establish and promote a development strategy for artificial intelligence, creating a systematic and differentiated competitive advantage in the wave of AI. It will promote the application of AI in optimizing the production system, improving product R&D efficiency, and enhancing the quality of company management and operations. It aims to foster the integration of AI technology in the petrochemical industry, leading the industry from "experience-driven" to "AI intelligence-driven" comprehensive transformation and leapfrog development.

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