1、2020 Annual Report of Hengyi Petrochemical Co.,Ltd.1 Hengyi Petrochemical Annual Report 2020 This document is a translated version of the Chinese version 2020 Annual Report(“2020 年年度报告全文”),and the published annual report in the Chinese version shall prevail.The complete published Chinese 2020 Annual
2、 Report may be obtained at http:/.2020 Annual Report of Hengyi Petrochemical Co.,Ltd.2 Chairmans Statement 2020 Annual Report of Hengyi Petrochemical Co.,Ltd.3 Chairmans Statement Looking back at 2020,it was an extremely extraordinary,unusual and difficult year for every country,region,company and i
3、ndividual.Confronted with the sudden outbreak of the once-in-a-century coronavirus pandemic,all Hengyi staff have made their concerted efforts and demonstrated their solidarity and resilience.They are not afraid of difficulties and never shrink from challenges.They seize the day and live it to the f
4、ull.They keep forging ahead with entrepreneurial passion and strength,and achieve encouraging results in 2020.Over the past year,we planned ahead and took all factors into consideration,we shouldered responsibility with persistence and dedication,we protected life and guaranteed production,we took a
5、ctions to save time and maintain profitability.With all these efforts,we have enabled the Group to continue its rapid growth,and completed all the targets in Hengyis strategy.Over the past year,we made efforts in achieving further progress;we adhered to the overall strategy of engaging in refinery,p
6、olyester and polyamide industries;we promoted the construction of Hengyi(Brunei)PMB Petrochemical Project Phase II and major domestic projects;we put Haining Hengyis 1MMTA Differential Environmental Protection Functional Fiber project into production,which further highlighted the advantage of integr