Entity

Zhejiang Hengyi Group Co., Ltd. is a modern large-scale private enterprise specializing in the production of petrochemical and chemical fiber raw materials. Its headquarters is located in Xiaoshan, Hangzhou. Its predecessor was the Yaqian Commune Knitting Factory of Xiaoshan County, which was founded in 1974. The group was formally established in 1994. The group ranked 243rd on the Fortune Global 500 list in 2024, and has been on the list of China's top 500 enterprises for 21 consecutive years (ranked 65th in 2024), and has been among the top 50 of China's top 500 private enterprises for 20 consecutive years (ranked 13th in 2024). The group achieved operating income of 406.8 billion yuan in 2023, a year-on-year increase of 5.5%.