1、Hengyi Petrochemical 2021 Annual Report April 2022 Hengyi Petrochemical 2021 Annual Report Chairmans Statement In 2021,while China celebrated the 100th anniversary of the CPC and got the 14th Five-Year Plan off,Hengyi Petrochemical made steady progress in the strategy of refinery,polyester and polya
2、mide industries.However,we are still facing severe challenges in operation due to the Covid-19 resurgence and the complex and rapidly changing external environment.Only after polishing can a piece of jade be finer.In this extraordinary year,we,all Hengyi staff,achieved a gratifying result with joint
3、 efforts and full vigor.Hitting a new high,we recorded both revenue and total assets exceeding RMB100 billion In the year 2021,we continued to rise to various external challenges,with operating performance reaching a new all-time high.The revenue was RMB128.98 billion,up 49.23%year on year;the total
4、 assets amounted to RMB105.549 billion,up 13.88%year on year.With the revenue and total assets both exceeding RMB100 billion,the Company has achieved its business objectives and development goals,showing its strong growth momentum and vitality.Releasing capacity,we unleash the growth potential In th
5、e year 2021,our industrial chain planning which integrates upstream and downstream was further refined.The Hengyi Brunei Phase I Project continuously operated at full capacity,and many other projects were put into production,including the intelligent environmental and functional fiber project of Hai
6、ning New Materials,the new-type functional fiber project of Fujian Yijin and the 3-mtpa PTA project of Yisheng New Materials.With new capacity fully released,the Companys capacity reached a new level.Accordingly,we have gained strong growth momentum and consolidated our industry leader role.With inn