The company was founded in 1994 and is based on its main business, adhering to industry. It is an international enterprise developed through the entire refining, petrochemical, polyester materials and textile industry chain. The Group now has one of the largest PTA factories in the world, one of the world's largest functional fiber production bases and weaving enterprises, and has built a national “enterprise technology center”. Its competitiveness and product brand value rank among the top in the international industry. The company's main business includes the production, development and sales of material products from “one drop of oil to everything”, aromatic hydrocarbons, olefin, basic chemicals, fine chemicals and downstream application fields. At the same time, it also relies on a large chemical platform integrating upstream “oil, coal, and chemicals” to deeply anchor the rigid consumer market for “clothing, food, lodging, and travel” as well as a high-growth new material track with high technical barriers and high added value. It continuously strengthens internal integration advantages, cost moats and refined control, and continues to build a “platform+new material enterprise” listing growth. The company's main products are refining products, PTA, polyester products, etc. Corporate honors: National Accredited Enterprise Technology Center; National Technological Innovation Demonstration Enterprise; National Intellectual Property Advantage Enterprise; Private Science and Technology Development Contribution Award, etc. Hengke New Materials and Kanghui New Materials were awarded the “National Intellectual Property Advantage Enterprise”, becoming another major honor after Hengli Chemical Fiber was awarded the “National Intellectual Property Demonstration Enterprise”. It was awarded the AAA-level integrated management system assessment certificate. Hengke New Materials has successively been awarded honors such as “National Excellent Demonstration Scenario for Intelligent Manufacturing”, “Advanced Intelligent Manufacturing Enterprise in the Chemical Fiber Industry” and “Jiangsu Intelligent Manufacturing Demonstration Factory”.