Jiangsu Eastern Shenghong

What Jiangsu Eastern Shenghong does

Jiangsu Eastern Shenghong Co., Ltd. (Shenzhen Stock Exchange: 000301) is a vertically integrated Chinese petrochemical and chemical fiber manufacturer headquartered in Wujiang District, Suzhou, Jiangsu Province, controlled by Shenghong Group, a Fortune 500 conglomerate led by Chairman Miao Hanhan. The company operates through five business divisions: Refining (Shenghong Refinery Lianyungang, 16 million tons/year crude oil refining capacity producing 2.8 million tons/year of paraxylene and 1.1 million tons/year of ethylene); Petrochemical (Jiangsu Honggang Petrochemical PTA production at 1.5 million tons/year Phase 1 plus 2.4 million tons/year Phase 2; Jiangsu Siluon Petrochemical olefin derivatives); Chemical Fiber (Jiangsu Guowang Hi-Tech Fiber producing 2.1 million tons/year of polyester filament yarn at a 91% differentiation rate, with brands including POY, FDY, DTY, PTT, PBT, recycled, and carbon capture fibers); Energy (thermal power, coal, natural gas, electricity distribution through Jiangsu Shengze Eastern Hengchuang Energy and gas turbine cogeneration); and Market. The company employs 10,000+ people across its Suzhou and Lianyungang operations.

The core technology stack is anchored by proprietary PTT (polytrimethylene terephthalate) polyester and fiber technology with complete independent intellectual property rights (broke foreign monopoly), the world's first professional 'memory fiber' production line, ultra-fine fiber technology at 0.14dtex single-wire density, bio-based PTT using biomass-derived PDO, and a proprietary Reocoer carbon capture fiber platform that captures 150,000 tons of CO2 annually and converts it to methanol and ethylene glycol. The platform holds 127 patents (28 Chinese invention patents plus 3 US patents) and authored ISO 18066, the first international standard in China's chemical fiber industry. The company leads the National Advanced Functional Fiber Innovation Center, the 13th national innovation center in China and the first led by a private enterprise.

The business model is B2B transaction-based across four primary revenue streams: refining products (paraxylene, ethylene), petrochemical intermediates (PTA), chemical fiber products (differentiated polyester filament), and energy products (coal, natural gas, electricity, steam). Products are sold direct to downstream manufacturers through dedicated sales hotlines per business unit (domestic and foreign trade for chemical fiber, refining hotline, service hotline). Key customer segments are textile and apparel manufacturers (global apparel brands for mid-to-high-end clothing), petrochemical downstream industries requiring PX/ethylene/ethylene glycol, and industrial energy consumers in Jiangsu. Pricing is not publicly disclosed. The company is increasingly purchasing Russian crude oil for its refinery and is pivoting toward high-value-added products (photovoltaic materials, recycled polyester, lithium battery materials) as reflected in its H1 2026 results.

Name

Jiangsu Eastern Shenghong

Legal name

Jiangsu Eastern Shenghong Co., Ltd. (江苏东方盛虹股份有限公司)

Website

https://jsessh.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jiangsu Eastern Shenghong is a vertically integrated Chinese petrochemical and chemical fiber manufacturer that produces crude oil-derived paraxylene, PTA, and differentiated polyester filament yarns for downstream textile, apparel, and industrial customers, with proprietary carbon capture fiber technology under the Reocoer brand.

Ownership category

akta.pro rank

Product category

Petrochemical & Chemical Fiber Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Textile Mills (313), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Textile Mill Products (2200)

akta.pro primary industry

Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB)

akta.pro secondary industries

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG), Regenerated & Recycled Fiber Production (rPET/rNylon/Regenerated Cellulose) (IMAOAMAD), Bio-based Materials & Fibers (e.g., cellulose derivatives, lignin-based materials, nanocellulose) (EUAAAIAD), Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH)

Keywords

• Polyester filament yarn
• Petrochemical refining
• Differentiated chemical fiber
• PTA production
• Carbon capture fiber

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Operations

Revenue model

1. Refining Products: Crude oil refining producing paraxylene, ethylene, and other petrochemical raw materials. The refinery integration project can realize annual output value of approximately RMB 92.5 billion.
2. Chemical Fiber Products: Production and sales of differentiated polyester filament yarn including POY, FDY, DTY. Annual production capacity of polyester filament series reaches 2,100,000 tons with 91% differentiation rate.
3. PTA (Purified Terephthalic Acid): PTA production for internal supply to chemical fiber industry and external sales. Phase 1 has 1,500,000 tons/year capacity; Phase 2 adds 2,400,000 tons/year.
4. Energy Products: Coal wholesale and retail, natural gas transportation and sale, electricity sales business, energy contract management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Jiangsu Eastern Shenghong is an integrated petrochemical and chemical fiber manufacturer operating across five divisions: refining (16 million tons/year crude oil processing at Lianyungang), petrochemicals (PTA production), chemical fiber (2.1 million tons/year of differentiated polyester filament yarn via Guowang Hi-Tech, with a 91% differentiation rate), energy (coal, natural gas, electricity, thermal power), and trading. The company sells petrochemical feedstocks (paraxylene, ethylene, PTA) and differentiated polyester, PTT, recycled, and carbon-capture fibers to downstream textile, apparel, and industrial customers.

Product overview

Jiangsu Eastern Shenghong operates as a diversified petrochemical and chemical fiber conglomerate with five major business divisions: (1) Refining - through Shenghong Refinery (Lianyungang) processing 16 million tons/year of crude oil to produce 2.8 million tons/year PX and 1.1 million tons/year ethylene; (2) Petrochemical - via Jiangsu Honggang Petrochemical producing PTA (1.5 million tons Phase 1, 2.4 million tons Phase 2); (3) Chemical Fiber - led by Jiangsu Guowang Hi-Tech Fiber with 2.1 million tons/year polyester filament capacity and 91% differentiation rate, producing POY/FDY/DTY and specialized fibers including PTT, recycled, and functional varieties; (4) Energy - through Jiangsu Shengze Eastern Hengchuang Energy providing thermal power, coal, natural gas and electricity services; and (5) Carbon Capture Fiber - the proprietary Reocoer brand converting CO2 emissions into green fiber, methanol and ethylene glycol. The company listed on A-share market in 2000 (stock code 000301) and maintains headquarters in Wujiang District, Suzhou, Jiangsu Province.

Differentiator

Problem solved

Functional benefit

Brands

• reocoer (芮控): Carbon capture fiber brand - produces fiber from captured CO2 converted to green ethylene glycol, used in textiles; carbon emissions reduced by 28.4% compared to virgin yarn (SGS certified).
• Guowang Hi-Tech (国望高科)

Products and services

• Refined Petrochemical Feedstocks (Paraxylene and Ethylene) Crude oil refining producing paraxylene (2.8 million tons/year), ethylene (1.1 million tons/year), and other petrochemical raw materials at the Lianyungang Petrochemical Industry Base; supplied to downstream petrochemical processors.
• PTA (Purified Terephthalic Acid) PTA produced by Jiangsu Honggang Petrochemical for internal supply to chemical fiber operations and external sale to polyester manufacturers.
• Differentiated Polyester Filament Yarn (POY, FDY, DTY) Polyester filament yarn including POY, FDY, and DTY series produced by Guowang Hi-Tech with annual capacity of 2.1 million tons and 91% product differentiation rate; DTY capacity ranks first in China; supplied to textile mills and apparel manufacturers worldwide.
• PTT (Polytrimethylene Terephthalate) Fiber Elastic fiber with complete independent intellectual property rights; produced using bio-based PDO derived from renewable biomass; the company broke the foreign monopoly on PTT core technology.
• Specialty Differentiated Fiber Products Over 100 differentiated fiber varieties including super bright, semi dull, full dull, cationic, antibacterial, flame retardant, graphene, cooling, high shrinkage fibers, and elastic fibers (H400, SSY, CEY, BEY) across POY, DTY, FDY, ITY, DT categories.
• Recycled Polyester Fiber Environmentally friendly recycled fiber including Qinghao, Yida, and solution-dyed varieties supporting circular economy and sustainable textile production.
• Reocoer Carbon Capture Fiber Proprietary Reocoer brand fiber produced from captured CO2 converted to green methanol and green ethylene glycol; certified 28.4% lower carbon emissions versus virgin yarn (SGS certified); supplied to textile and apparel customers.
• Energy Supply (Coal, Natural Gas, Electricity, Thermal Power) Coal wholesale and retail, natural gas transportation and sale, electricity sales, energy contract management, thermal power, and district heating supplied to industrial enterprises in Jiangsu region.

Quantifiable outcome

• Product differentiation rate reaches 91% for polyester filament products
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Donghua UniversitycoreStrategic or Co-development PartnerJointly led the establishment of the National Advanced Functional Fiber Innovation Center. The center is the 13th national innovation center in China, the first in Jiangsu Province, and the first national innovation center led by a private enterprise. The center focuses on breaking key common technology bottlenecks in advanced functional fibers.
• Beijing Automation Machinery Research InstitutecoreTechnology or IntegrationCollaborated on R&D of China's first intelligent logistics system for large-scale chemical fiber production. The system fills the gap in China's large-scale chemical fiber production intelligent logistics system R&D.
• National Advanced Functional Fiber Innovation Center (26 member units)coreStrategic or Co-development PartnerInnovation center organized with 26 member units covering petrochemical, weaving, carbon fiber, aramid fiber, composite materials, and other industries. Registered capital of RMB 100 million with 9 leading enterprises as shareholders.
• Global Apparel BrandscoreStrategic or Co-development PartnerCollaborates with global well-known apparel brands for production of mid-to-high end clothing. Focus on high value-added differentiated fiber products.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Reliance Industries: India's largest private-sector integrated petrochemical company, operating refining, PTA, and polyester filament at globally significant scale. Comparable as an integrated petrochemical-to-polyester peer, particularly relevant given trade flow overlap.
• Sinopec (China Petroleum & Chemical): China's largest state-owned petrochemical conglomerate with operations spanning refining, petrochemicals, and chemical fibers. Operates as a broad incumbent across the same value chain, though fiber is a smaller part of its portfolio.
• PetroChina: Major state-owned integrated oil and gas company with significant petrochemical and refining operations. Overlaps with Eastern Shenghong as a supplier of PX/ethylene and competing in petrochemical feedstocks, though fiber is not its focus.
• Indorama Ventures: Global leader in PET and polyester with integrated PTA and fiber production across multiple geographies. Comparable business model and customer segments in the global polyester value chain.

Regional players

• Far Eastern New Century: Taiwan-based integrated polyester and textile producer with global operations. Comparable in polyester filament, PTA, and downstream textile products, though primarily serving regional/global apparel markets rather than mainland China.

Direct peers

• Hengli Petrochemical: One of the largest fully integrated polyester producers in China, operating from refining/PTA through to polyester filament. Directly comparable as a private/listed Chinese petrochemical conglomerate with integrated refining-to-fiber value chain.
• Tongkun Holdings: China's largest polyester filament producer with multi-million-ton capacity across POY/FDY/DTY. Direct competitor in differentiated polyester filament serving textile and apparel manufacturers.
• Xinfengming Group: Major Chinese polyester filament manufacturer with PTA upstream integration. Direct competitor in differentiated polyester filament, with similar product portfolio and customer segments.
• Rongsheng Petrochemical: Major Chinese integrated petrochemical producer with refining, PX, PTA, and polyester operations in Zhejiang. Direct competitor in the integrated refining-to-polyester chain serving global polyester demand.
• Hengyi Petrochemical: Integrated petrochemical group with major PTA and polyester filament operations. Comparable business model combining refining/PTA upstream with polyester filament downstream, with similar end-customer focus on textile and apparel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jiangsu Eastern Shenghong