StockCode:600346
HengliPetrochemicalCo.,Ltd. Focus on innovative nature
2022AnnualReportAbridgement build a better life
2022 ANNUAL REPORT 1
Letter to shareholders, partners and employees
Dear shareholders, partners and employees:
The passing years never linger, yet our
original aspirations endure. As seasons flow and
another year dawns, we are reminded that 'there is
no winter that cannot be surpassed, and no spring
that will not arrive.' Through arduous trials and
overcoming countless obstacles, we have braved
challenges and surmounted difficulties, once again
reunitingamidstthisradiant springtime.
In the past year, our nation and homeland face great challengs. Geopolitical complexities
persist, global economy remains sluggish, and external circumstances have been tempestuous,
surpassing anticipated risks and challenges. Guided by the central leadership under the core of
Comrade Xi Jinping, the Party has steered the course, leading the entire nation to vigorously
accomplishthe demandingtasks ofreform,development, and stability,striving toturn the tide.
During this year, Hengli Petrochemical has also weathered numerous tests in its operations.
Crude oil prices soared and fluctuated dramatically, while the end-market witnessed weak
consumer demand and insufficient needs. The industry as a whole endured operational pressures
arising from narrowed price differentials and the inability to shift costs. In the latter half of the year,
the company's operational performance declined alongside industry fluctuations, resulting in
losses. Confronted with formidable challenges, we have cut through thickets and advanced
toward the light, steadfastly growing amidst tremendous changes and uncertainty, resolute in our
forwardpursuit.
"We venture into the most difficult challenges and strive for the farthest goals." Despite
the tremendous difficulties faced in 2022, we confronted them head-on and achieved some small
accomplishments. In terms of production and operation, we have implemented the "Dual
Excellence Strategy"ofstrengthening production management, optimizing production processes,
2022 ANNUAL REPORT 2
enhancing new product development, and optimizing product structure, resulting in improved
quantity and quality. In terms of industrial layout, we have relied on the integrated industrial system
of "oil, coal, and chemicals" and leveraged the accumulated research and development in "new
materials" in downstream sectors such as "fiber, membrane, and plastics" to consolidate our core
business and strengthen the foundations for future development. In terms of capital operation, we
have excavated highlights, extracted value, and comprehensively and vigorously promoted
investment and market value management through various channels and forms, yielding
noticeable results. In terms of safety and environmental protection, we have remained committed
to green and low-carbon development, and our efforts have been recognized with multiple
honors, including being awarded the national-level "Green Factory" and "National Low-Carbon
Enterprise inthe Textile Industry".
Within the realm of life and the world, the path is long and perilous. Standing at another
historical juncture, we feel the howling winds of a century of upheaval: Geopolitical conflicts show
no signs of abating, inflation reaches historic highs in Europe and America, and the "triple
pressure" of shrinking demand, supply shocks, and weakening expectations remains heavy.
Tearingapart and integrating,upheaval and reconstruction, all indicate that this yearmayyet be an
extraordinary one. Undoubtedly, the recovery of demand cannot happen overnight, and the
economic revivalmaybe alengthyhealing process.
With hope in our hearts and stars in our sights, despite the immense uncertainty that lies
ahead and the potential for unexpected factors to disrupt, we, united as one with our country and
homeland, will navigate through treacherous waters and embark on an era of vast possibilities
with tremendous resilience. We will continue to uphold the patience and determination to fight a
tough battle, with the resolve and conviction to achieve victory, and address the essential
questionsthat belong toHengli people.
Strength in action leads to greater progress, and deep understanding leads to more effective
action. Regardless of the ever-changing world, we remain steadfast and unwavering. Hengli
continues to be a company that perseveres through hard work and steadfast dedication, and
Hengli people remain pioneers who willingly explore and firmly believe that even a tiny stream can
2022 ANNUAL REPORT 3
break through towering cliffs. With an unwavering commitment to our original aspirations and
unwavering determination, in the new year, we will continue to focus on "one goal, two strat
查看PDF原文
