Hengyi Petrochemical Co., Ltd. (hereinafter referred to as "Hengyi Petrochemical" or "Company", stock code: 000703) is a leading PTA and polyester fiber manufacturer in the world. Relying on the developed industrial cluster effect in the Yangtze River Delta region, the company took the lead in realizing industrial transformation and upgrading, forming an industrial pattern of integration of upstream and downstream industrial chains of purified terephthalic acid and polyester fiber and large-scale production capacity. Its capacity scale, equipment technology, cost control, quality management and product differentiation are in a leading position among similar enterprises. The company is committed to developing into the world's leading petrochemical and chemical fiber integrated service provider.