恒力石化：恒力石化2025年年度报告（英文版）

HengliPetrochemicalCo.,Ltd LettertoShareholders,PartnersandEmployees DearShareholders,Partners,andEmployees: Astheseasonsturn,allthingsarerenewed;dawnisahead,andourblueprintisreadytounfold.Asthevesselof2025sailspastthelighthouseoftime,wepausetolookbackupontheoceanwehavenavigatedtogether—anoceanwheretheundercurrentsofashiftinggloballandscapesurged,yetalsoresoundedwiththefirmechoesofourinwardreformandupwardclimb.Thiswasayearofcalibratingourcompassamidwindandwaves,andofbuildingstrengthwhiledivingdeep.Moreimportantly,itwasajourneyofweavingglorywithsweatandlightingthewayforwardwithresilience. Tidessurgeacrosstheworld,andtheorderisbeingreshaped.Great-powerrivalriesintertwineandevolve,whilegeopoliticalundercurrentshaveneverceased.Globalizationseeksanewequilibriumamidturbulence,with the shift in economic growth drivers under pressure,and protectionismcoexistingwithsupplychainrestructuring.Allthisteststhewisdomandcomposureofeveryenterprisethatcherishesfar-reachingambitions.FocusingonChina,developmentischartingnewgroundunderpressure.Behindthe5%economicgrowthliesthetargetedinfusionofmacropolicies,andmoreimportantly,apivotalleapinthecontinuoustransitionfromoldtonewgrowthdrivers.Theforwardmomentumofthenationhaslaidasolidfoundationforourlong-termdevelopment.AndforeverystriveratHengli,2025wasavividpracticeofanchoringdirectionamiduncertaintyandcreatingvaluethroughtransformation.Wetookprudentstepsinresponsetoexternalvolatility,andwerejoicedateveryinternalbreakthrough.Wehavefeltthechillofthemarket,andweunderstandmoreclearlythanever—only by deep cultivation of our core business and diligent strengthening of our internalcapabilitiescanwemakeeverystepforwardwarmerandmorepowerful. Asteadyhorseaccomplishesthejourneythroughunrelentingperseverance.Lookingbackon2025,wewalkedthroughthemud,enduredsolitude,andtastedthefullspectrumofexperience—yetourvisionremainedbrightandourstepsunwavering.Thiswasayearofforgingaheadthroughwaves,andayearofrichlyladenbranches. Thisyear,wefocusedon“SmartManufacturingUpgradesandaGreenFuture”,advancingintelligentandgreenproduction.Alongthisjourney,wehaveaccumulatedawealthofachievements.HengliChemicalFiberwasselectedasanational“Excellence-LevelIntelligentFactory”;DeliChemicalFiberandHengkeAdvancedMaterialswererecognizedas“JiangsuProvinceAdvanced-LevelIntelligentFactories.”HengliPetrochemicalRefiningreceivedthe“ChinaWaterConservationAward”;KanghuiNewMaterialswashonoredasanational-level“GreenFactory”;HengliPetrochemical(Huizhou)wasnamedaprovincial-level“GreenFactory”;HengkeAdvancedMaterialsreceivedthe“EnergyEfficiencyLeader”titlefromtheMinistryofIndustryandInformationTechnology;andHengliPetrochemical(Huizhou)was successfully included on the“Water Efficiency Leader”list for the petrochemical industry.Thisyear,wecultivatedourstrengthswithprecision,forgedaheadwithdetermination,andachievedcontinuousbreakthroughs.HengliChemicalFiberledtherevisionofthenationalstandardforpolyester industrial filament yarn.The project“Key Technologies for Industrialization andModificationApplicationsofPBS-BasedBiodegradableMaterials”,jointlydevelopedbyKanghuiNewMaterialsandDalianUniversityofTechnology,wontheSecondPrizeofLiaoningProvincialScienceandTechnologyProgressAward.KanghuiNantongwasrecognizedasanational-level“5GFactory.”HengliChemicalFiberandJiangsuKanghuiofficiallyobtainedcertificationforinternationalautomotivequalitymanagementsystems,receivinga“passport”toentertheglobalautomotivesupplychain.Thisyear,wecontinuedtoadvancetheintegrationofPartybuildingandbusinessoperations.HengliChemicalFiberwasrecognizedasa“NationalAdvancedCollectiveintheIndustrialandInformationTechnologySystem”;HengliPetrochemicalRefiningwashonoredwiththe7th“NationalCivilizedUnit”award;KanghuiNew Materials received the“Liaoning Provincial May 1st Labor Certificate”;HengliPetrochemical(Huizhou)wasnameda“GuangdongProvinceAdvancedCollective”in2025;andDeliChemicalFiberwonthe“JiangsuProvinceWorkers'Pioneer”title.Thisyear,wecarriedgratitudeandresponsibilityinourhearts,writingtheresponsibilityofamajorenterprisewithaspiritofpublicservice.Povertyalleviation,educationalsupport,disasterrelief...Hengli'sfootprinthasalwaysbeenimprintedwhereverwarmthisneeded.Ourmissionburnsbrightasatorch;ouroriginalaspirationremainsfirmasbedrock.Timeneverfailsthestriver—in2025,Hengliachievedfull-yearoperatingrevenueof200.986billionyuanandnetprofitof7.075billionyuan,ayear-on-yearincreaseof0.44%.Eachbusinesssegmentcontinuedtodemonstratestrongvitalityandresilience,deliveringasolidandimpressivehigh-scoreanswer.Everyhonorwasforgedbyhardworkinghands;everyachievementembodiesday-and-nightdedication,cross-teamcollaboration,andtheloyaltyandcommitmentofeveryHenglimemberwhointegratespersonalaspirationsintotheCompany'sdevelopment.Here,weextendourmostsinceregratitudetoallshareholders,partners,andemployees! Ourarmorisnotyetshed,andthewardrumsbeatoncemore.Facing2026,wehavealreadysetout.Focusingonourcorebusiness,strivingforexcellence,andracingagainsttheclock—wewillascendtonewheightswithabraveandsteadf