China's Top 500 Private Companies: Which Chemical Companies Are On The List

Jan 13, 2020

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On January 9, hurun research institute released the list of China's top 500 private enterprises 2019. This is the first time hurun research institute has released the list.

Among the top 500 private enterprises in China, there are 18 chemical-related companies, with hengli group ranking the highest. In second place was enn group, worth 124 billion yuan. In third place is rongsheng holdings, valued at 80 billion yuan.

Founded in 1994, hengli group is mainly engaged in oil refining, petrochemical, polyester new materials and textile industries. Its 20 million tons/year refining and chemical integration project is the first major private refining and chemical project listed in the documents of the state council.

The list of chemical enterprises selected by the hurun China top 500 private enterprises 2019 is shown in the table below.


Hengli group

Hengli group was founded in 1994, based on the main industry, stick to the industry, is the refining, petrochemical, polyester new materials and textile industry chain development of international enterprises. The group now has one of the world's largest single capacity PTA plant, the world's largest functional fiber production base and one of the weaving enterprises, built a national "enterprise technology center", enterprise competitiveness and product brand value are ranked in the forefront of the international industry.

Hengli group ranks 181st among the world's top 500 enterprises, 46th among China's top 500 enterprises, 8th among China's top 500 private enterprises and 13th among China's top 500 manufacturing enterprises. At present, hengli group has hengli petrochemical co., LTD., guangdong songfa ceramics co., LTD., suzhou wujiang tongli lake tourism resort co., LTD. Three listed companies, more than 10 entities, in suzhou, dalian, suqian, nantong, yingkou and other places have built production bases.


Enn Group

With the mission of "creating a modern energy system and improving people's quality of life", enn group has, after 30 years of development, formed a clean energy industry chain covering downstream distribution, midstream trade storage and transportation, and upstream production, and a chain of life and health products covering health, culture, tourism, property and other fields.

On this basis, enn group has a deep insight into the needs of customers in the digital era. Relying on cloud computing, Internet of things, big data, artificial intelligence, block chain and other technologies, enn group has built pan-energy network and laikang network platform, and created clean energy ecosystem and life and health ecosystem. Enn group's business covers 209 cities in 27 provinces, cities and autonomous regions in China, southeast Asia, South Asia, Africa and Oceania. It has four listed companies, enn energy, enn shares, new wisdom cognition and Tibet tourism.


Rongsheng holding

Zhejiang rongsheng holding group, headquartered in xiaoshan district, hangzhou, was founded in 1989. At present, the group has developed into a modern enterprise group with petrochemical and chemical fiber, real estate, financial investment and other industries, ranking 143rd among China's top 500 enterprises, 33rd among China's top 500 private enterprises, and 2nd among China's top 100 private petroleum and chemical enterprises.

In the field of petrochemical and chemical fiber, rongsheng petrochemical was founded in 1995, after more than 20 years of development, the company from the initial stage of weaving to now has the "refining (under construction) - aromatic hydrocarbons - PTA - polyester - spinning - adding" integrated industrial chain, has become one of the leading petrochemical and chemical fiber industry enterprises in China with comprehensive strength.

In 2017, rongsheng petrochemical acquired 51% of zhejiang petrochemical held by rongsheng holding, the controlling shareholder, and zhejiang petrochemical became the holding subsidiary of rongsheng petrochemical.


Baofeng energy

Based on the "rich coal, inferior, less gas" resources endowment, after 14 years of construction and development, baofeng energy formed a set of "coal, coke, gas, methanol, olefins, polyethylene, polypropylene, fine chemical" integration, integrated modern chemical industry circular economy industry cluster, become the domestic high-end coal base of new materials and chemicals manufacturing leader. Recently, baofeng energy was included in the list of China's top 100 private petroleum and chemical enterprises in 2019 released by the China petroleum and chemical industry association, ranking 32nd.

Circular economy is baofeng energy's trump card. On a production unit products directly to become the next production unit of raw materials, baofeng energy use coal instead of oil production nearly hundred kinds of high-end chemical products, coal chemical industry is rare in the whole industry chain enterprises, can effectively resist single product price fluctuations in the cycle, implementation will eventually coal "eat dry squeeze net", "black carbon" into "white gold". The products have effectively filled the import gap of domestic high-end chemicals and made positive contributions to promoting the national strategy of replacing crude oil and ensuring national energy security. Only 7 months after listing, baofeng was selected into the a-share two authoritative indexes and the international authoritative indexes, mainly because of the excellent fundamentals of baofeng energy.


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