Billion Industrial Holdings

What Billion Industrial Holdings does

Billion Industrial Holdings (百宏实业控股有限公司, HKEX: 2299.HK), founded in 2003 and headquartered in Jinjiang, Fujian Province, is a vertically integrated Chinese polyester new-materials manufacturer and the #2 polyester DTY producer in China, with 3.8 million tons of annual polyester design capacity and the largest polyester fiber and PET film R&D and production base in South China. Its product portfolio spans polyester filament yarn (DTY, FDY, POY), nylon filament (PA6, PA66, bio-based PA5X), industrial yarn, BOPET functional films, PET bottle chips, and ES bicomponent fiber, including a broad specialty filament range (Baiku Cotton, Baiku Si, Bainuan Si, BLSOFT, U-type, bamboo charcoal, flame-retardant, graphene, antibacterial). Technology differentiators include the first 5G intelligent factory in China's chemical fiber industry, machine-vision online quality inspection systems, 60+ invention patents, and 19 German Dornier biaxial stretching film lines.

The company operates dual production bases in Jinjiang, China and Tay Ninh Province, Vietnam — the latter a USD 358 million Belt and Road anchor project and the largest polyester production facility in Vietnam (780,000 tons of annual design capacity including PET bottle chips and recycled yarn). Revenue is generated through direct B2B sales to enterprise customers across textile and apparel, footwear, home textiles, automotive (seat belts, airbags), industrial applications (conveyor belts, ropes, geotextiles), beverage/food packaging, and electronics, with exports covering Europe, the Americas, Japan, Korea, and Southeast Asia. PET bottle chips run at a ~90% export ratio; AEO Advanced customs certification and own-logistics infrastructure support cross-border distribution.

Billion Industrial is publicly listed on the Hong Kong Stock Exchange (2299.HK, since 2011) and is indirectly controlled by China Energy Conservation and Environmental Protection Group (CECEP), a central state-owned enterprise, through Hong Kong Rong'an Investment Co., Ltd. Co-founders Shi Tianyou and Wu Jinbiao serve as Co-Chairman/Executive Director and CEO/Executive Director respectively, with a management team combining ~50 years of polyester filament experience and academic credentials from Donghua, Tsinghua, Peking, and overseas universities. The company holds OEKO-TEX 100, GRS, ISO 9001/14001/45001, CNAS lab accreditation, and National Green Factory status, and ranks #251 in the 2025 China Manufacturing Private Enterprise Top 500.

Name

Billion Industrial Holdings

Legal name

百宏实业控股有限公司

Website

https://baihong.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Billion Industrial Holdings (2299.HK) is a Hong Kong-listed Chinese polyester new-materials manufacturer — China's #2 DTY producer with 3.8M tons annual capacity — producing polyester filament, nylon, industrial yarn, BOPET films, PET bottle chips, and ES fiber from dual China-Vietnam bases for textile, packaging, automotive, and industrial customers globally.

Ownership category

akta.pro rank

Product category

Polyester Filament Yarn and BOPET Film Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Fiber, Yarn, and Thread Mills (313110), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Textile Mill Products (2200), Unsupported Plastics Film & Sheet (3081)

akta.pro primary industry

Filament Yarn Manufacturing (POY/FDY/DTY) (IMAOAAAE)

akta.pro secondary industries

Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB), Industrial Ropes, Cords, Twines & Netting (Mooring/Lifting/Fishing/Load Restraint) (IMAOADAK), Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI)

Keywords

• Polyester filament yarn
• BOPET film manufacturing
• Industrial textile yarn
• PET bottle grade chips
• Differentiated chemical fiber

Headquarters

HQ city

Jinjiang

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polyester Filament Sales: Core business segment producing polyester filament including DTY, FDY, POY. 2019 revenue: 74.72 billion RMB, 79.5% of total revenue. Average selling price: 10,066 yuan per ton.
2. Polyester Film Sales: BOPET functional film products for packaging, electronics, industrial applications. 2019 revenue: 19.25 billion RMB, 20.5% of total revenue.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Billion Industrial Holdings manufactures and sells polyester filament yarn (DTY, FDY, POY), nylon filament yarn, industrial yarn, BOPET functional films, PET bottle-grade chips, and ES bicomponent fiber under the Baihong Group brand. The company operates a vertically integrated polyester production chain from PET resin to finished differentiated fibers and films, supplying textile, footwear, home textile, packaging, automotive, and industrial customers from facilities in Jinjiang (China) and Tay Ninh (Vietnam) with 3.8 million tons annual design capacity.

Product overview

Billion Industrial Holdings (百宏实业控股有限公司) operates as an international enterprise with full industrial chain development in polyester new materials, including polyester filament yarn (DTY, FDY, POY), nylon filament yarn (Nylon 6, 66, Bio-based 5X), industrial yarn, BOPET films, PET bottle chips, and ES fiber. The company is China's second-largest polyester DTY producer and South China's largest polyester fiber and PET film R&D and production base. Product portfolio spans six main categories: (1) Polyester filament yarn including standard types and differentiated specialty products like Baiku Cotton, Baiku Si, Bainuan Si, BLSOFT ultra-soft fiber, super coarse denier, Hongcai shaped fiber, UV-resistant, 3D bright, tri-leaf bright, U-type, fluorescent whitening, bamboo charcoal, and flame-retardant variants; (2) Nylon filament yarn in Nylon 6, 66, and bio-based 5X series; (3) Industrial yarn for lifting straps, conveyor belts, fishing nets, cables, and geotextiles; (4) BOPET films including metallized, printing, transfer, heat-seal, twist, anti-static, electrical, card protection, hot-stamping, metallic yarn, reflective, laser, electronic release, coating, and window film bases; (5) PET bottle chips for packaging; (6) ES fiber for hygiene products. The company has production bases in Jinjiang, China and Xuyen, Vietnam with total annual polyester design capacity of 3.8 million tons.

Differentiator

Problem solved

Functional benefit

Brands

• 百酷棉: Super-cotton-polyester filament yarn product line with moisture-wicking and comfort properties
• 百酷丝
• 百暖丝
• BLSOFT百微超柔纤维
• 百宏涤纶长丝 B

Products and services

• Draw Texturing Yarn (DTY) - 拉伸变形丝 Elastic, high bulkiness, comfortable hand feel, warm, easy wash quick dry, wrinkle and wear resistant polyester filament processed from POY for textile manufacturers.
• Fully Drawn Yarn (FDY) - 全牵伸丝 High strength, high density, smooth hand feel, bright luster polyester filament for high-strength fabrics and textile manufacturers.
• Pre-Oriented Yarn (POY) - 预取向丝 Low strength, smooth, lustrous, highly extensible partially oriented polyester filament that serves as main raw material for DTY production.
• Baiku Cotton (Super Cotton-Like Polyester Filament) - 百酷棉 Cotton-like appearance polyester filament with improved dyeability and moisture absorption, featuring water absorption, breathability, anti-static, and thermal stability surpassing cotton for textile and apparel manufacturers.
• Baiku Si (Moisture-Wicking Fiber) - 百酷丝 Moisture-wicking and quick-drying functional fiber using special crosslinking agents to reduce crystallinity and improve dye uptake for sportswear and apparel manufacturers.
• Bainuan Si (Far-Infrared Warmth Fiber) - 百暖丝 Far-infrared fiber using nano far-infrared powder emitting 4-14μm wavelengths with emissivity ≥92%, providing warmth retention through hollow structure ≥20% for thermal apparel manufacturers.
• BLSOFT Baiwei Super Soft Fiber - BLSOFT百微超柔纤维 Ultra-soft polyester fiber with single fiber ≤0.3dpf, featuring super softness, high flexibility, soft luster, high water absorption and oil absorption for high-end fabric manufacturers.
• Nylon 6 - 锦纶6 High-quality differentiated sustainable nylon fiber with excellent elasticity, wear resistance, moisture absorption, easy dyeing, soft hand feel, available in bright, semi-dull, and full-dull finishes for textile manufacturers.
• Industrial Yarn - 涤纶工业丝 Full range industrial yarn from 75D to 6000D including regular high-strength, low-shrink, ultra-low shrink, automotive seatbelt, specialty sewing thread, activated, colored and twisted types for automotive component manufacturers and industrial applications including seat belts, airbags, conveyor belts, fishing nets, and ropes.
• PET Bottle Grade Chips - 聚酯瓶片 PET resin in bottle grade including water bottle material, oil jar material, hot fill, and carbonate grades. China factory has 2 production lines with 700,000 tons annual capacity; Vietnam factory has 550,000 tons annual capacity for beverage and food packaging companies.
• ES Fiber (Bicomponent Sheath-Core Fiber) - ES纤维 High-end functional sanitary fiber material with PE/PET and PE/PP bicomponent sheath-core structure. Low-melting-point sheath provides softness while high-melting-point core provides strength for hygiene materials, thermal bonding, thermal insulation, and filtration manufacturers.
• Metallized Base Film - 镀铝基膜 PET film substrate for metallization applications with standard thickness 12-36μm for packaging and industrial customers.
• Printing Base Film - 印刷基膜 PET film with good ink and coating adhesion, suitable for multi-color overprinting with excellent flatness, used in frozen food packaging and industrial packaging for printing customers.
• Heat-Seal Film - 热封膜 Direct heat-sealable PET film avoiding secondary processing contamination, with moisture-proof, leak-proof, anti-counterfeiting functions for pharmaceutical, food, and cosmetic packaging customers.
• Electrical Insulation Film - 电工薄膜 PET film with excellent electrical, mechanical and thermal properties, corrosion resistance, and high breakdown voltage for insulation tape, motor insulation, and cable insulation customers.
• Electronic Release Film - 电子离型膜 PET film with good processability, strong aluminum layer adhesion, bright metallization, and excellent mechanical properties for printing, lamination, and decorative applications customers.
• Window Film Base - 窗膜基膜 PET film with transparency, high strength, cleanliness, flatness, and thermal stability for automotive glass film and architectural window film applications customers.
• Ammonia-Free Elastic Hemp-Gray Yarn - 无氨弹力麻灰纱 Elastic dual-color series using black yarn with dope dyeing and elastic fibers to produce a new type of high-elastic fabric that can replace traditional spandex products, featuring drape, softness, four-directional elasticity for textile manufacturers.

Quantifiable outcome

• Annual polyester capacity of 3.8 million tons
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Vietnam Rubber Group VRGcoreStrategic or Co-development Partner · 8 May 2023Vietnam Rubber Group VRG's General Manager Chen Mengxiong visited Baihong Group on May 8-9, 2023 for business discussions. Vietnam Baihong serves as the largest raw material supplier for Vietnam's textile and garment industry with over 50% of raw materials and semi-finished products sourced from China.
• Tianjin UniversitycoreStrategic or Co-development PartnerPartnership with Tianjin University for online education programs for employees. Established 'Baihong-Tianjin University Network Education College' offering degree programs. University provides academic credentials and course materials.
• Donghua UniversitycoreStrategic or Co-development PartnerJoint research and development partnership with Donghua University for new fiber products. Established 'Fiber Joint Technology Center'. Collaborated on U-shaped cross-section fiber, super cotton-like fiber, and other differentiated products.
• Beijing UniversityminorStrategic or Co-development PartnerExecutive Chairman Shi Tianyou pursuing Executive MBA at Peking University. Some executives pursuing continuing education programs.
• Tsinghua UniversityminorStrategic or Co-development PartnerCEO Wu Jinbiao pursuing Executive Business Administration program at Tsinghua University Yangtze River Delta Research Institute.
• Fujian Information Technology SchoolminorStrategic or Co-development PartnerJoint establishment of secondary vocational programs in 2009, bringing classes to the factory for employee education and skill development.
• Beijing Research Institute of Mechanical AutomationcoreTechnology or IntegrationCo-developed fully automated packaging and logistics system. System achieves 90% equipment localization with proprietary intellectual property. Key partner for intelligent manufacturing transformation.
• German DornierTechnology or Integration19 German Dornier biaxial stretching film production lines imported for BOPET film manufacturing. Leading equipment supplier for precision film production.
• German BarmagcoreTechnology or IntegrationGerman Barmag equipment for industrial yarn production. 16 Barmag spinning units imported for 5G intelligent production workshop.
• Quanzhou Light Industry Vocational CollegeminorStrategic or Co-development PartnerSchool-enterprise cooperation for talent training. Established 'Baihong Class' and 'Vietnam Luban Workshop' for skills training.
• Jinjiang Vocational SchoolminorStrategic or Co-development PartnerCooperation for mechanical and electrical application technology talent training programs.
• Fujian Normal University Minnan Institute of TechnologyminorStrategic or Co-development PartnerParty building and school-enterprise cooperation partnership. Established 'Baihong Class' for talent cultivation.
• Liming Vocational UniversityminorStrategic or Co-development PartnerParty building and school-enterprise cooperation with Smart Manufacturing College.
• Fujian Radio and Television UniversityminorStrategic or Co-development PartnerOpen Education 'Dual System' program for employee degree education.
• Chinese Academy of EngineeringcoreStrategic or Co-development PartnerAcademic expert workstation established for joint research projects. 19 textile, food, and environmental engineering academicians participated in symposium.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Rongsheng Petrochemical: Major Chinese PTA producer (002493.SZ) and shareholder in Zhejiang Petrochemical's mega refining-aromatics complex. Upstream PTA/MEG supplier and competitor to Billion with deeper integration into refining and aromatics.
• Reliance Industries: India's largest polyester and PET resin producer with vertically integrated petrochemical operations. Comparable in scale of polyester and PET product portfolio and a leading global supplier of polyester filament to textile markets.
• Indorama Ventures: Global leader in PET resin and polyester fiber/filament production (IVL.BK) with manufacturing footprint across Asia, Europe and the Americas. Comparable product portfolio (PET, polyester yarn, fibers) and international customer base to Billion's export business.
• Hengli Petrochemical: Vertically integrated refining-aromatics-PTA-polyester platform (600346.SH) producing polyester filament, industrial yarn and BOPET films. Larger scale and upstream refining integration than Billion, but overlapping downstream fiber/film product set and customer base.

Direct peers

• Nan Ya Plastics: Taiwan-based major producer of BOPET films, polyester filament and PET resin (1303.TW) with extensive global sales. Closest comparable peer for Billion's BOPET functional films business and a benchmark in differentiated polyester film products.
• Tongkun Holdings: China's largest polyester filament yarn producer by capacity, listed on the Shanghai Stock Exchange (601233.SH). The most direct comparable to Billion as a major POY/FDY/DTY manufacturer serving the same textile/apparel downstream value chain.
• Hengyi Petrochemical: Major Chinese PTA and polyester filament producer with both domestic and Brunei operations (000703.SZ). Directly comparable in DTY/FDY/POY filament production and downstream PET value chain integration.
• Eastern Shenghong: Integrated refining-PTA-polyester manufacturer in Jiangsu (000301.SZ) with a similar product portfolio spanning filament yarn, BOPET films, and PET resin. Has recently expanded BOPET and specialty fiber capacity, competing head-to-head with Billion in differentiated filaments.
• Xinxiang Chemical Fiber: Chinese chemical fiber manufacturer (000949.SZ) producing regenerated cellulose and polyester filament yarn for textile applications. Smaller scale than Billion but competes directly in downstream textile filament markets.
• Jilin Chemical Fiber: Chinese chemical fiber producer (000420.SZ) specializing in viscose, acrylic and carbon fiber precursor. A peer in the broader chemical/regenerated fiber category competing for downstream textile customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/billion-industrial-holdings-ltd

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 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 Billion Industrial Holdings