Mission Statement, Vision, & Core Values (2026) of Hengyi Petrochemical Co., Ltd.

Step into the driving force behind Hengyi Petrochemical Co., Ltd., a Hangzhou-based giant whose integrated product system fuels key sectors from energy to electronics and boasts an annual production capacity of 13.5 million tons PTA, 7.3 million tons PET and 600,000 tons DTY; with approximately 7,500 employees and reported revenues of $20.39 billion, Hengyi is accelerating its 2025 strategic pivot - "One Drop of Oil, Two Strands of Fiber" - to evolve from "Industrial Hengyi" into "Technology-Driven Hengyi," leveraging landmark initiatives like the Brunei Refining & Chemical Project, proprietary R&D and commercialization of eco-friendly Eticont polyester, all under a distinct "54354" corporate culture that anchors its mission to build an evergreen, century-old foundation and its vision to rise as a top-tier global petrochemical group while living core values of pragmatism, responsibility, surpassing and sharing

Hengyi Petrochemical Co., Ltd. (000703.SZ) - Intro

• Annual production capacity: 13.5 million tonnes PTA, 7.3 million tonnes PET, 600,000 tonnes DTY.
• Workforce: ~7,500 employees.
• Reported revenues: $20.39 billion (most recent fiscal reporting).
• Listed: Shenzhen Stock Exchange, ticker 000703.SZ.

• Integrated product system linking feedstock processing through polyester and textile filament production, enabling cost and supply-chain advantages across energy and industrial customers.
• "One Drop of Oil, Two Strands of Fiber" strategic framework - combining petrochemical feedstock economics with downstream fiber and polymer value creation.
• 2025 strategic pivot: accelerate the shift from 'Industrial Hengyi' to 'Technology‑Driven Hengyi,' increasing R&D, digitization, and advanced process controls to raise margins and lower emissions intensity.

• 5: Shared creation - collaborative cross‑functional innovation and joint ventures.
• 4: Dedication to excellence - operational discipline, Six Sigma and quality control emphasis.
• 3: Pioneering spirit - new product applications and overseas market expansion.
• 5: Stability and security - rigorous HSE, supply continuity, and risk management.
• 4: Mutual benefits - stakeholder value through partnerships, suppliers, and communities.

• Focus on process electrification, energy-efficiency measures, and emissions management to align petrochemical scale with lower carbon intensity targets.
• Downstream integration into textiles and packaging supports circularity initiatives through recycled-PET pathways and product traceability pilots.

Hengyi Petrochemical Co., Ltd. (000703.SZ) Overview

Mission Statement - Hengyi Petrochemical's mission is to build a century-old, evergreen foundation and stand among the world's renowned enterprises. This mission reflects a long-term orientation toward sustainability, resilience and global competitiveness. Key expressions of the mission include:

• Commitment to long-term operational excellence and durable asset base ('century-old, evergreen foundation').
• Aim for global recognition and industry leadership ('stand among the world's renowned enterprises').
• Integrated, project-driven growth model (exemplified by the Brunei Refining & Chemical Project).
• Investment in independent R&D and commercialization (e.g., Eticont eco-friendly polyester series).

Strategic pillars that operationalize the mission:

• Integrated downstream-upstream project execution (refining + petrochemical + polyester value chains).
• Technology and product differentiation through in-house R&D and eco-friendly product lines.
• Global footprint and partnerships to secure feedstock and access markets.
• Financial discipline focused on asset longevity and return on invested capital.

Representative metrics and project-scale data (selected, recent corporate metrics and flagship project figures):

How the mission translates to business action:

• Project execution: The Brunei project demonstrates vertical integration - securing crude, refining it, then converting intermediates to petrochemicals and polyester to capture margin across the chain.
• R&D and commercialization: Hengyi allocates capital and technical resources to develop differentiated products (Eticont) that target sustainability-conscious markets and higher-value applications.
• Financial and operational durability: Investment scale and asset mix are calibrated to create long-lived cash-generating assets aligned with the 'century-old' ambition.
• International positioning: Offshore assets and cross-border partnerships elevate Hengyi's profile toward being a 'world-renowned' enterprise.

Key performance indicators that managers track to ensure mission delivery:

• Refinery utilization rate and conversion margins (crude-to-petrochemical yields).
• Product mix shift toward higher-value and eco-friendly products (Eticont penetration and pricing premium).
• Return on invested capital (ROIC) for major projects like Brunei.
• Safety, environmental performance and asset uptime to preserve the 'evergreen' foundation.

For investors and readers who want a deeper investor-focused profile and transaction-level context, see: Exploring Hengyi Petrochemical Co., Ltd. Investor Profile: Who's Buying and Why?

Hengyi Petrochemical Co., Ltd. (000703.SZ) - Mission Statement

• Establish global leadership in petrochemicals by achieving top-tier scale, margins, and technological capability.
• Accelerate transformation from 'Industrial Hengyi' to 'Technology-Driven Hengyi' via R&D, digitalization, and process innovation.
• Deliver sustainable growth through low-carbon operations, resource efficiency, and circular-economy initiatives.
• Create shareholder value through disciplined capital allocation, operational excellence, and strategic partnerships.

• Technological leadership: continuous investment in advanced catalysis, process intensification, and digital process control to lift margins and reduce emissions.
• Cost competitiveness: scale economics, feedstock optimization, and integrated upstream-downstream operations to sustain industry-leading cost positions.
• Ecosystem synergy: vertical integration, strategic joint ventures, and polymer/chemical downstream integration to capture more value across the chain.
• Transformation roadmap: shifting R&D focus, talent development, and capital expenditure into tech-led projects to evolve from industrial scale to technology-driven performance.

• Capex allocation: prioritize high-return, technology-enabled projects that strengthen feedstock flexibility and product mix.
• M&A & partnerships: pursue JV and alliance opportunities to access new technologies, markets, and feedstock sources.
• Sustainability roadmap: invest in energy-efficiency projects, emissions reduction, and circular-feedstock trials to meet regulatory and investor expectations.
• Talent & governance: build R&D teams, digital capability, and corporate governance structures to support a technology-driven strategy.

• Transparent reporting of progress against technology and sustainability KPIs, linking capital allocation to mission outcomes.
• Active investor communication on transformation milestones and economic benefits from integration and tech upgrades.

Hengyi Petrochemical Co., Ltd. (000703.SZ) - Vision Statement

• Drive integrated oil-to-chemical advancement to increase conversion rates and product yield.
• Expand high-value specialty chemicals and derivative polymers to raise overall portfolio margins.
• Adopt decarbonization pathways-energy efficiency, hydrogen integration, and emissions reduction-to align with global sustainability benchmarks.
• Build resilient supply chains and strategic downstream partnerships to secure feedstock and market access.

• Pragmatism - a practical, data-driven approach to project execution, cost control, and risk management that prioritizes measurable outcomes.
• Responsibility - ethical governance, regulatory compliance, environmental stewardship and community engagement embedded into operational decisions.
• Surpassing - relentless pursuit of performance improvement, operational excellence, and technological upgrades to outperform peers.
• Sharing - collaborative stakeholder relationships, profit-sharing mechanisms, joint ventures and supplier-development that distribute value.

• Pragmatism translates into disciplined project phasing and ROI thresholds for new units, reflected in measured CAPEX of RMB 14.0 billion for near-term expansions.
• Responsibility drives investment in emissions controls and community programs; environmental capital spending is prioritized alongside capacity growth.
• Surpassing motivates higher-margin product focus-shifting mix toward specialty polymers and performance chemicals to lift EBITDA margins.
• Sharing underpins joint ventures, offtake agreements and supplier development designed to stabilize feedstock costs and broaden market reach.