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企业概况

Company Profile

Jiangsu Eastern Shenghong Co., Ltd. (hereinafter referred to as the “Listed Company” or 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., a Fortune 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 and Yichang in Hubei Province. The Company has more than 50 subsidiaries and branches, including Shenghong Refining & Chemical (Lianyungang) Co., Ltd., Jiangsu Sierbang Petrochemical Co., Ltd., Jiangsu Honggang Petrochemical Co., Ltd., Jiangsu Guowang Hi-Tech Fiber Co., Ltd., Shenghong New Materials (Suqian) Co., Ltd., and Jiangsu Ruibang Technology Co., Ltd. The Company has more than 27,000 employees in service. The Company insists on thoroughly practicing the ESG concept. Its wholly-owned subsidiaries, Guowang Hi-Tech and Honggang Petrochemical, have been awarded the national Green Factory and Sailboat Petrochemical has been awarded the provincial Green Factory.

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, fully covering the oil-based, coal-based, and gas-head olefin production processes. With these diverse olefin production processes, it has evolved into a chemical complex that has vertically integrated the whole industry chain. Relying on refining-petrochemical integration, alcohol-based multi-cogeneration, and propane industry chain projects, the Company has built up a “general chemical” integrated supply platform for chemical raw materials. On this platform, it has launched a “1+N” industrial layout that extends to diverse industrial chains, such as new energy, new materials, electronic chemistry, and biotechnology. In the future, the Company will further the vertical integration of the whole industrial chain and intensify the strategic layout in new energy and new materials. It will make every effort to build a world-class high-tech industry cluster in new energy and new materials and move faster to build itself into a world-class enterprise with global competitiveness.

公司致辞

Company Message

Forging Ahead on a New Journey and Making a Big Step Forward

An ancient saying goes, “The world moves on in a never-ending process of the new replacing the old.” The extraordinary 2022 has passed, and we have embarked on a new journey, aiming higher and further.

The year 2022 was exceptional to the country, enterprises, individuals. Influenced by the broader context, we faced huge difficulties and challenges. Fortunately, all Shenghong members grasped the nettle and achieved proud results through vigorous and determined endeavor.

In the year, we put the refinery-petrochemical integration project into full operation and set the national record of the largest single-process-scale and multi-core plant. We adopted internationally advanced process technology and made a strategic decision on the path of extensive chemical on an intensive oil basis. With the concept of “less oil, more chemical, and molecular refining,” we led the industry and assumed the historical mission of setting a benchmark and becoming a model.

In the year, the new energy and new materials industries unfolded as our strategic layout. Our three “million-ton” projects of EVA, acrylonitrile, and green degradable materials made faster progress.

In the year, we focused on China’s strategic needs and the world’s industrial frontier and created new momentum for development with advanced scientific and technological results. Our self-developed POE technology passed the pilot test, filling the gap in domestic industrialization. Our antimony-free sea-island fiber and many other leading technological breakthroughs made a strategic pool for high-quality industrial development. Our Hong Cloud intelligent management platform was selected as one of the top ten promotion cases of integration and innovation applications on the global industrial Internet at the Global Industrial Internet Conference (GIIC) 2021.

As the refinery-petrochemical integration project has been put into full operation, we have widened our industrial horizon on all fronts. Riding on the large raw material platform composed of the refinery-petrochemical integration, alcohol-based multi-cogeneration, and propane industry chain projects, accompanied by the three “million-ton” projects in new energy and materials, we are heading to more advanced areas and broader blue oceans at full speed!

The report to the 20th National Congress of the Communist Party of China calls for “speeding up the planning and development of a system for new energy sources” and “accelerating the transition to a model of green development.” The Central Economic Work Conference requires unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting, and guiding the development of the non-public sector. It means encouraging and supporting the development and growth of the private economy and private enterprises, and encouraging and attracting more private capital to major national projects and filling-gap projects. Macro policies and industrial orientations fully confirm that our 1+N strategic layout for new energy and new materials is forward-looking. They also strengthen our confidence and determination to accelerate the creation of a world-class industry cluster for new energy and new materials. In the new era, we should shoulder the new mission of private enterprises, dare to explore new areas and pave new paths, and accelerate the construction of a world-class enterprise with global competitiveness. These are our firm goals and the mission that we stick to.

Bearing in mind the big picture, we will not be affected by any distractions. Seizing favorable conditions, we will travel an extraordinary journey. The 1+N general industrial deployment has been fully rolled out. All members of Shenghong, let’s forge ahead in unity and make strides to a world-class enterprise with global competitiveness, glory, and dreams.

历史沿革

History

  • 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 takes the responsibility and mission of promoting social harmony, environmental friendliness and quality of life, integrates the benefit dimension, environmental dimension and social dimension measurement standards, strives to realize corporate value and create social value, provide high value for customers and contribute to social development through its own outstanding growth.

    To this end, the Company grasps the business direction of extending the industrial chain from bottom to top and expanding the product chain from top to bottom, and guided by differentiation, technological innovation, high value-added, green and environmental protection, promotes comprehensively the transformation of strategic Full Text of the 2022 Annual Report of Jiangsu Eastern Shenghong Co., Ltd.emerging industries around new energy materials, high-performance new materials and low-carbon green industries, and constructs and forms the a new "1+N" pattern of diversified industrial chains of core raw material platform + new energy, new materials, electronic chemistry and biotechnology etc., so as to create a world-class new energy and new materials high-tech industry cluster for providing innovative chemistry and new materials for a green and sustainable future.

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