恒力石化2025年年度报告（英文版）

1Company Code:600346CompanyAbbreviation:Hengli PetrochemicalHengli Petrochemical Co., Ltd2025Annual Report2Letter to Shareholders, Partners and EmployeesDear Shareholders, Partners, and Employees:As the seasons turn, all things are renewed; dawn is ahead, and our blueprint is ready to unfold.As the vessel of 2025 sails past the lighthouse of time, we pause to look back upon the ocean we havenavigated together—an ocean where the undercurrents of a shifting global landscape surged, yet alsoresounded with the firm echoes of our inward reform and upward climb. This was a year of calibratingour compass amid wind and waves, and of building strength while diving deep. More importantly, itwas a journey of weaving glory with sweat and lighting the way forward with resilience.Tides surge across the world, and the order is being reshaped. Great-power rivalries intertwineand evolve, while geopolitical undercurrents have never ceased. Globalization seeks a new equilibriumamid turbulence, with the shift in economic growth drivers under pressure, and protectionismcoexisting with supply chain restructuring. All this tests the wisdom and composure of every enterprisethat cherishes far-reaching ambitions. Focusing on China, development is charting new ground underpressure. Behind the 5% economic growth lies the targeted infusion of macro policies, and moreimportantly, a pivotal leap in the continuous transition from old to new growth drivers. The forwardmomentum of the nation has laid a solid foundation for our long-term development. And for everystriver at Hengli, 2025 was a vivid practice of anchoring direction amid uncertainty and creating valuethrough transformation. We took prudent steps in response to external volatility, and we rejoiced atevery internal breakthrough. We have felt the chill of the market, and we understand more clearly thanever—only by deep cultivation of our core business and diligent strengthening of our internalcapabilities can we make every step forward warmer and more powerful.A steady horse accomplishes the journey through unrelenting perseverance. Looking back on2025, we walked through the mud, endured solitude, and tasted the full spectrum of experience—yetour vision remained bright and our steps unwavering. This was a year of forging ahead through waves,and a year of richly laden branches.This year, we focused on “Smart Manufacturing Upgrades and a Green Future”, advancingintelligent and green production. Along this journey, we have accumulated a wealth of achievements.Hengli Chemical Fiber was selected as a national “Excellence-Level Intelligent Factory”; Deli ChemicalFiber and Hengke Advanced Materials were recognized as “Jiangsu Province Advanced-Level IntelligentFactories.” Hengli Petrochemical Refining received the “China Water Conservation Award”; KanghuiNew Materials was honored as a national-level “Green Factory”; Hengli Petrochemical (Huizhou) wasnamed a provincial-level “Green Factory”; Hengke Advanced Materials received t