Hengyi Petrochemical Co Ltd 2023 AR2
The report highlights Hengyi Petrochemical Co., Ltd.'s financial and operational performance for the fiscal year 2023, during which the company successfully turned losses into profits, achieving a net profit of RMB 435.46 million. The company advanced its "one drop of oil, two threads of silk" strategy by operating its Brunei refining project and domestic polyester facilities at high capacity. Hengyi accelerated its transition from an industrial to a technological enterprise, investing RMB 744 million in R&D and winning the first prize of the China Textile Industry Federation Science and Technology Progress Award. Additionally, the company continued its digital transformation with the "Hengyi Brain" platform and prioritized green manufacturing and safety, investing RMB 139.87 million in safety expenses.
Company: Hengyi Petrochemical Co Ltd
Sector: Materials
Country: China
Year: 2023
Type: AR2
Pages: 509
Hengyi Petrochemical Co Ltd
Annual Report
The report highlights Hengyi Petrochemical Co., Ltd.'s financial and operational performance for the fiscal year 2023, during which the company successfully turned losses into profits, achieving a net profit of RMB 435.46 million. The company advanced its "one drop of oil, two threads of silk" strategy by operating its Brunei refining project and domestic polyester facilities at high capacity. Hengyi accelerated its transition from an industrial to a technological enterprise, investing RMB 744 million in R&D and winning the first prize of the China Textile Industry Federation Science and Technology Progress Award. Additionally, the company continued its digital transformation with the "Hengyi Brain" platform and prioritized green manufacturing and safety, investing RMB 139.87 million in safety expenses.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 19, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees