Shenghong Holding Group
Native name | 盛虹控股集团有限公司 |
|---|---|
| Type | Private |
| Industry | Petrochemicals Chemical fibres Textiles New energy materials |
| Founded | 1992 |
| Headquarters | , China |
| Revenue | US$81.81 billion (2025) |
| US$491.4 million (2025) | |
| Website | www |
Shenghong Holding Group Co., Ltd. (Chinese: 盛虹控股集团有限公司), also known as Shenghong Group, is a privately owned Chinese industrial energy Conglomerate headquartered in Suzhou, Jiangsu.[1] Founded in 1992, the group operates an integrated industrial processing chain encompassing petroleum refining, petrochemicals, advanced materials, chemicals and high-end textiles.[1][2] Shenghong was ranked 161st in the 2025 Fortune Global 500, reporting revenue of US$78.6 billion and profit of US$401.4 million and was the 41st largest manufacturing company in the world, as well as the 40th largest company in China.[3] It subsequently ranked 44th in the 2026 Fortune China 500, based on 2025 revenue of US$81.81 billion and profit of US$491.4 million.[4]
History
Shenghong was established in 1992 in Shengze, a textile manufacturing centre within Suzhou, and initially operated in the printing and dyeing industry before expanding upstream into chemical fibres, petrochemicals and petroleum refining.[2] It entered the Fortune Global 500 for the first time in 2020, when it was one of three companies from Suzhou included in the ranking.[5] The group's integrated Lianyungang refinery began trial operations in May 2022, as one of three large private refining projects supported by the State Council of the People's Republic of China.[6][7] Shenghong began operating several of the complex's petrochemical units and shipped its first batch of refined petroleum products in November 2022.[8]
In September 2023, Eastern Shenghong signed a preliminary cooperation agreement under which Saudi Aramco considered acquiring a minority interest in the group's refining and petrochemical business and supplying crude oil to the complex.[9]
In June 2026, Shenghong shut the 320,000 barrel per day Lianyungang refinery for a planned major overhaul lasting approximately two months.[10] The refinery was expected to resume operations in mid-August amid disruption to Asian petroleum supplies and unusually high regional refining margins.[11]
Operations
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The group's principal listed business is Jiangsu Eastern Shenghong Co., Ltd., whose shares are traded on the Shenzhen Stock Exchange under stock code 000301.[12] Eastern Shenghong produces refined petroleum products, petrochemical and chemical materials, polyester filament and other chemical fibres for domestic and overseas markets.[12]
The group has major industrial bases in Suzhou, Lianyungang and Suqian, with its refining and petrochemical operations concentrated at the Lianyungang Petrochemical Industry Plant.[2][13] It's Lianyungang complex includes an integrated refinery capable of processing 16 million tonnes of crude oil annually, equivalent to approximately 320,000 barrels per day.[6] The facility also produces terephthalic acid, xylenes, ethylene, ethylene glycol and ethylene oxide.[13]
References
- 1 2 "Shenghong Group". World Economic Forum. Retrieved 28 July 2026.
- 1 2 3 "Shenghong Introduction". Shenghong Holding Group. Retrieved 28 July 2026.
- ↑ "2025 Fortune Global 500". Fortune China. 29 July 2025. Retrieved 28 July 2026.
- ↑ "Shenghong Holding Group Co., Ltd.: 2026 China 500 company profile". Fortune China. Retrieved 28 July 2026.
- ↑ "Three Suzhou enterprises listed among Fortune Global 500". Suzhou Municipal People's Government. 12 August 2020. Retrieved 28 July 2026.
- 1 2 "China's private refiner Shenghong starts trial operation". Reuters. 10 May 2022. Retrieved 28 July 2026.
- ↑ "China's largest petrochemical refining project starts operation". China Daily. 18 May 2022. Retrieved 28 July 2026.
- ↑ "China's Shenghong refinery starts some petrochemical units". Reuters. 14 November 2022. Retrieved 28 July 2026.
- ↑ "China refiner Shenghong in preliminary deal with Saudi Aramco for equity investment". Reuters. 27 September 2023. Retrieved 28 July 2026.
- ↑ "China's Shenghong Petrochemical plans June overhaul for two months, sources say". Reuters. 30 April 2026. Retrieved 28 July 2026 – via MarketScreener.
- ↑ "Mideast war escalation threatens recovery in global oil refining". Reuters. 22 July 2026. Retrieved 28 July 2026.
- 1 2 "Jiangsu Eastern Shenghong Co Ltd". Reuters. Retrieved 28 July 2026.
- 1 2 kgi-admin (2021-10-26), Petrochemicals complex profile: ShengHong Holding Group Lianyungang Complex, China, retrieved 2026-07-28
