恒逸石化:2021年度社会责任报告（英文版）

One of the world-class green petrochemical
enterprises respected by society
Social Responsibility Report
Hengyi Petrochemical Co. Ltd. Hengyi Petrochemical Co. Ltd.One of the world-class green petrochemical
enterprises respected by societyAbout This Report
Purpose of the Report
This report is prepared to properly communicate with stakeholders regarding aspects including the concept of
CSR of Hengyi Petrochemical Co. Ltd. and its corresponding performance and respond systematically to the
expectations and requirements of stakeholders.Release Cycle
This is an annual corporate social responsibility report and the third of its kind issued by Hengyi Petrochemical Co.Ltd. after its listing.Reporting Period
The reporting period is from January 1 2021 to December 31 2021. However in order to enhance the comparability
and completeness of the report part of the information is retrospective to previous years or extended to 2022.Reporting Data
If there is any discrepancy between the financial data disclosed in this report and those in the annual report the
annual report shall prevail. Other data is from the Company's internal statistics. Unless otherwise specified the
currency of denomination in this report is "RMB".Preparation Basis
The United Nations Sustainable Development Goals (SDGs) for 2030
GRI Standards by Global Sustainability Standards Board
ISO 26000:2010 - Guidance on Social Responsibility by International Organization for Standardization
China National Standard GB/T 36000 - 2015 Guidance on Social Responsibility
Guidelines for the Preparation of Social Responsibility Reports for Chinese Enterprises (CASS-CSR 4.0) by Chinese
Academy of Social Sciences
Guiding Opinions on Better Fulfilling Social Responsibilities of State-owned Enterprises by the State-owned Assets
Supervision and Administration Commission (SASAC) of the State Council
Guidelines of the Shenzhen Stock Exchange for Standardized Operation of Companies Listed on the Main Board by
the Shenzhen Stock Exchange (2020 Revision)
Reporting Commitments
This report was compiled by the social responsibility reporting team of Hengyi Petrochemical reviewed by
the Company's relevant senior executives and approved by the Company's Board of Directors and Board of
Supervisors. Hengyi Petrochemical hereby certifies that the report does not contain any false or misleading
statements.How to View Report
This report was prepared in both Chinese and English. The electronic report is available on Hengyi Petrochemical's
website at www.hengyishihua.com and CNINFO at www.cninfo.com.cn.
01Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Contents
01 About This Report
04 Message from the Chairman
06 About Hengyi Petrochemical
Innovation to Enhance
the Value of the
Responsibility Industry
Topic 1 30 Focusing on Quality:
08 B uilding a Dream on an Isolated Island Promoting High-Quality
to Build the Belt and Road Together Development
Topic 2 34 P roduct Development: Building an Industry
12 M otivating Employees ad Sharing Benchmark
Development to Create a Model of
Common Prosperity 42 D igital Innovation: Boosting
Topic 3 Intelligent Control
14 Practicing the Double Carbon Target 46 S upply Chain Integration:
to Boost Green Development Creating a C2M Closed Loop
0103
02
Governance Escorts the
Century-old Business
20 Corporate Governance
22 Compliance Operation
24 Investor Management
0277 Indicator Index
78 Feedback
Empowering Employees
and Creating a Sustainable
Workplace
60 Employee Rights and Interests
64 Career Development
68 Employee Caring
05
0406
Guaranteeing HSE to
Build a Green Home Contribution to Society
Together
74 Education Support
50 HSE Management 75 P andemic Prevention and
Control
51 Risk Management
52 Safety Production
54 Environmental Protection
03Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Message from the Chairman
The year 2021 was the 100th anniversary of the founding of the Communist Party of China. It was also the first
year of China's 14th Five-Year Plan. In this new historical starting point Hengyi Petrochemical guided by the high
quality development goal in the next five years actively responded to and implemented national strategies sought
development opportunities in this era promoted scientific and technological innovation and constantly developed
the spirit of hard work and entrepreneurship striving forward with encourage and its own mission.Building a Dream on an Isolated Island to Build the Belt and Road Together
In the past year we continued to focus on the Brunei project to promote the in-depth and solid co-building of the
Belt and Road. As a key project of the Belt and Road the Hengyi (Brunei) PMB Petrochemical Project continuously
drives the development of local companies and supports the growth of local youth effectively achieving mutual
benefit of the Company and local stakeholders and promoting the diversification of Brunei's economy and
economic and trade development between both countries.Practicing the People-Oriented Principle to Pursue Common Prosperity
In the past year we firmly adhered to the "people-oriented" principle to promote common prosperity of all
employees in high-quality development. The Company launched the fourth employee stock ownership plan and
the second share repurchase plan combined with the executive incentive plan to fully arouse the enthusiasm
initiative and creativity of employees and share the fruits of the Company's development with employees.Energy Conservation and Emission Reduction to Implement the Action of Double Carbon Target
In the past year we actively responded to the policy and practiced the "Double Carbon" strategy to achieve the
target of energy conservation and emission reduction. The Company according to the national requirement for
planned power consumption upgraded and transformed related technologies such as equipment production
lines and processes so as to achieve the purpose of energy conservation and emission reduction. Meanwhile
to implement the national strategic targets of "Double Carbon" and "Green Production" the Company actively
develops new energy promotes the application of waste heat recovery technology and implements measures such
as 100% coverage of photovoltaic power generation on the roof of the factory area to continuously promote green
production so as to reduce carbon emissions.Governance Escorts the Century-old Business
In the past year we enhanced corporate governance adhered to compliance operation and effectively protected
shareholders' equity. Through measures such as improving the internal control system and strengthening the audit
of key operations and engineering the Company continuously deepened compliance operation and reduced the
probability of occurrence of various risks; harboring responsibility for shareholders and creditors the Company
broadened the communication channels of investors provided stable and lasting returns to investors based on the
concept of returning to shareholders and shared the fruits of the Company's development with investors.
04Innovation to Enhance the Value of the Industry
In the past year we persisted in research and development innovation built high-quality products and continued
to promote digital transformation. The Company is committed to enhancing the value of the industry through
innovation actively advances industry-university-research cooperation and completes "polyester" and
"polyamide" dual industry chain promoting the building of a high-quality industrial ecosystem. To promote digital
transformation and intelligent manufacturing and achieve the management of the whole process of supply chain
the Company has accelerated digital innovation and built and improved the intelligent information platform. This
gradually realizes intelligent manufacturing systematic customer service and digital corporate management
constantly improves customer satisfaction and industry productivity and promotes ecological industry
development.Adhering to Safety and Environmental Protection to Build a Green Ecology
In the past year we strengthened safety production deepened environmental governance and persisted in the
development of a green economy. The Company sticking to the safety and environmental work guideline of "safety
first focusing on prevention integrated control and people-oriented" improves the HSE (Health Safety and
Environment) management system continuously promotes the safety production standardization actively carries
out the resource and energy conservation action and constantly deepens pollution and waste governance; the
Eticont series antimony-free environment-friendly green products developed by the Company can fundamentally
solve environmental pollution and contributes to the sustainable development.Carrying out Charity and Public Welfare to Build a Harmonious Home Together
In the past year we provided support for education and pandemic prevention and control and contributed to social
progress. The Company always fulfills its corporate social public responsibility and actively participates in public
benefit activities such as education and poverty alleviation and COVID-19 prevention and control to enhance social
happiness and build a harmonious home.Hengyi keeps its original faith and ambition. The Company will continue to fulfill its corporate social responsibility
and strengthen the sense of responsibility making more contributions to the sustainable development of the
environment the civilization and progress of the society and the healthy development of the industry.Chairman: Qiu Yibo
05Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
About Hengyi PetrochemicalHengyi Petrochemical (Stock Code: 000703) adhering to the responsibility vision of building a “world-class greenpetrochemical company respectable in the society” is committed to becoming a leading digital chemical fiber
group in China and the world. The Company has developed into a world-leading company integrating industrychain of “crude oil-aromatic hydrocarbons (PX benzene)-petrochemical products (PTA PIA CPL)-polyesters(filament staple fiber bottle grade)” developed a unique “polyester + polyamide” driving mode and built
a multi-level three-dimensional industrial layout with petrochemical industry chain as the core business and
differentiated fiber products and industrial intelligent technology application as the emerging business to promote
the high-quality and leapfrog development of the Company.Petroleum Refining-chemical integration
Refined oil
Refined oil products Olefin Aromatic hydrocarbon
Gasoline Diesel Kerosene Propylene Ethylene p-Xylene PX Benzene
Polypropylene
Petrifaction Ethylene Purified terephthalic 己聚酰胺 CPL
Polyethylene glycol MEG acid PET
Polyester industry chain Polyethylene Polyamide PA
terephthalate PET
Bottle grade chip Polyamide chip
Chemical fiber
Polyester Polyester Polyester
filament FDY filament POY staple fiber
Draw textured
yarn DTY
Textile clothing home textile and other weaving fields
Indicating operations in China Indicating future operations
Indicating operations in Brunei Indicating downstream applicationsa
06
Polyamide industry chain
Caprolactam CPLMain Products
Focusing on the strategic guideline of "consolidating highlighting and improving the competitiveness of main operations"
the Company works with strategic partners for mutual advantages and continuously develops its operations to the upstream
petrochemical industry chain. By continuously enriching product ranges and optimizing product structure the Company also
effectively improves the core competitiveness of main operations the profitability of industry chain products and the ability
to withstand market risks. As of the end of the reporting period the Company's main products included refined oil products
such as gasoline diesel and kerosene; petrochemicals such as p-xylene (PX) benzene purified terephthalic acid (PTA) and
caprolactam (CPL); chemical fibers such as polyester pre-oriented yarn (POY) fully drawn yarn (FDY) draw textured yarn (DTY)
polyester staple fiber (PSF) polyester (PET) chip and polyester bottle chip. Chemical material products are widely used in the
rigid demand concerning national economy and people's livelihood.Focused Direction Product Application Area
The Company continues to increase It is mainly used as fuel for fuel oil power equipment and heat supply; fuel for Refined oil automobiles motorcycles speedboats helicopters agricultural and forestry
research inputs to strengthen new product airplanes vehicles with diesel engines (including trains) ships and diesel boilers.product development resource
It is a kind of hydrocarbon colorless and clear liquid with extensive use a
integration and market exploitation PX main raw material for producing purified terephthalic acid (PTA) and also used for synthesis of plastics drugs pesticides and other substances.and is in active response to the
It is mainly used for producing polyester products widely used in clothing
national strategic targets to peak PT decoration electronics buildings and other aspects of the national economy. 75% for polyester fiber 20% for bottle grade polyester 5% for film grade
carbon dioxide emissions and polyester and downstream products mainly for civil use.achieve carbon neutrality under the PIA is a white crystalline powder or needle crystal. It is used to produce
PIA alkyd resin unsaturated polyester resin (UPR) and other high polyesters and guidance of "green manufacturing" plasticizers; it is also used in the production of filmstrip color development poles painting polyester fiber dye modifiers and medicines.and "cyclic economy". During the
It can be used for reprocessing DTY and fiber products
reporting period the Company POY with special styles and is widely used in clothing and industrial fields.actively built a high-quality industrial
ecosystem and was committed to It is directly used for weaving such as clothes and
FDY decorative fabrics. It is widely used in clothing and differentiated product development industrial fields and also used as raw materials of isolation articles such as protective suit.intelligent manufacturing systematic
customer service and digital corporate It is directly used for weaving and is widely used in DTY clothing and industrial fields and clothing fabrics and
lining.management continuously promoting
the Company's scientific and It is mainly used for producing polyamide fibers
CPL engineering plastics plastic films and so on and is
technological innovation and service widely used in industrial and civilian fields.innovation. Meanwhile through
Polyester It is mainly used in spinning non-woven filling and other
collaborative innovation the Company staple fields of which non-woven fabrics can be used as raw materials of masks; it can also be used for downstream
builds an emerging industry-university- fiber disinfectant wipes disposable protective articles and so on.research-application technology Polyester It is widely used in indirect spinning the production of
chip textile materials such as filament and staple fiber and innovation platform to boost casting of plastic strips and other products.industry-university-research win-win
cooperation and sharing of scientific Polyester It is mainly used in food packaging such as coke bottles bottle chip beverage bottles water bottles and oil bottles.and technological resources.
07Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Topic 1
Building a Dream on an Isolated Island and
Develop Together to Build the Belt and Road
Together
Through the Hengyi (Brunei) Pulau Muara Besar Petrochemical Project Hengyi Petrochemical actively fulfilled
its corporate social responsibility by adhering to sincere mutual respect and universal benefits and ramping up
mutual benefit and intertwined interests so as to promote the in-depth and solid co-building of the Belt and
Road and benefit the people.The Hengyi (Brunei) PMB Petrochemical Project is an integrated refinery and chemical project that uses crude oil
and condensate as raw materials. It is a key project of China’s Belt and Road Initiative and a Sino-Brunei flagship
project. In November 2018 Chinese President Xi Jinping paid a state visit to Brunei. During this period the Hengyi
(Brunei) PMB Petrochemical Project was included in the Joint Statement of the People’s Republic of China and
Brunei Darussalam.Hengyi (Brunei) PMB Petrochemical Project had a total investment of USD 3.45 billion in the first phase which was
successfully put into operation in November 2019. It has thoroughly taken the final steps in the whole petrochemical
and chemical fiber industry chain and thus established new records in the global petrochemical industry with the
shortest time most stable process and the best HSE performance in commissioning test runs among mega-capacity
oil refineries.A key project of China's Belt and Road Initiative
The largest overseas investment construction project of China's private enterprises so far
The largest overseas direct investment project in Brunei in recent years
A Sino-Brunei flagship project according to Xi Jinping the president of China
Gold Medal of National High-Quality Project in 2020-2021 Project
Honors
Included in From Freehand Brushwork to Elaborate-Style Painting: Theory and Practice of
the Belt and Road Initiative Tsinghua University's series of books for lifelong learning
Project Full Name:Hengyi (Brunei) Pulau Muara Besar Petrochemical Project
Project Location: Pulau Muara Besar (PMB for short) Brunei Darussalam Brunei
Partners: Hengyi Petrochemical and the government of Brunei Project
Introduction
08Petrochemical units such as 8 Mt/a atmospheric and vacuum distillation unit 3.3 Mt/a
reforming unit 2.2 Mt/a hydrocracker 1.5 Mt/a single series aromatics combination unit
2.2 Mt/a diesel hydrogenation unit 1.28 Mt/a aviation kerosene hydrogenation unit 1 Mt/
a flexible coking unit 120 Kt/a sulfur recovery unit light naphtha isomerization unit and
180 Kt/a Nm3/h PSA as well as terminals tank farm seawater desalination and other
supportive utility works have been constructed. The total production capacity of refined oil is
approximately 6 Mt/year. This includes gasoline capacity of approximately 2.7 Mt/year diesel
capacity of approximately 1.75 Mt/year and kerosene capacity of approximately 1.25Mt/year.Project
Overview
Building a Dream on a Sea Island and Bearing the Aspiration of Development
Nestling in a blue bay at the northeast corner of Bandar Seri Begawan the capital of Brunei is the Pulau Muara Besar (PMB).With the joint efforts of Hengyi Petrochemical and the government and peoples of Brunei a world-class petrochemical
industry base is successfully put into operation on the island.Ships come and go on the busy Brunei Bay. The PMB about five kilometers from land is prosperous and bustling: tall and
straight petrochemical units climb into the sky and huge silvery pipelines glisten in the sun. This is the Hengyi (Brunei)
PMB Petrochemical Project one of Sino-Brunei flagship projects and China's largest investment project in Brunei. The
Hengyi (Brunei) PMB Petrochemical Project succeeded the first time in commissioning test runs in November 2019 and put
into commercial operation in the first phase which established a new benchmark for the internationalization of China's
petrochemical industry promoted the diversification of Brunei's economy and created a model for win-win cooperation
between China and Brunei.To ensure international competitiveness the Hengyi (Brunei) PMB
Petrochemical Project introduced the world's largest monomer
single-series aromatic hydrocarbon unit and the world's sixth
flexicoking process unit in the first phase and achieved a construction
speed comparable to that of similar projects in China through
scientific management and strict organization. "China Wisdom" and
"China Quality" add new impetus to the development of its Southeast
Asian neighbor where water is more expensive than oil.As one of the key projects of the Belt and Road Initiative the Hengyi
(Brunei) PMB Petrochemical Project has not only ramped up mutual
benefit and intertwined interests of local stakeholders over the
past two years after completion but also brought practical social
benefits and well-being to both peoples further laying a solid
foundation for deepening cooperation and promoting common Qian Keming Vice Minister of Commerce
prosperity between both countries across the board. visited the project site during the reporting period
09Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Driving the Development of Local Companies
During the construction and operation period the Hengyi (Brunei) PMB Petrochemical Project has supported and
driven the development of local SMEs maximized economic growth and created more indirect jobs for Brunei
people. By the end of the reporting period during the first phase (construction stage) of the project a total of 109
local Brunei suppliers won bids for project contracts involving local payments of BND 515 million (about RMB 2.385
billion) in engineering services material procurement import and export logistics etc. representing 15% of the
total payment amount.Supporting the Growth of Local Youth
To bring the benefits of the project across Brunei for a long time the Company has established a harmonious
relationship for mutual promotion with Brunei. While actively employing local labor to fulfil its commitment of a
40% localization rate at the early stage of operation Hengyi has laid down a localization strategy to implement the
long-term joint training and scholarship program for local chemical talents and channel greater efforts in cultivating
local elites as a contribution to Brunei's Vision 2035.In 2012 Hengyi completed the joint venture on the strategic investment fund with the Ministry
of Finance and Economy Brunei Darussalam
Every year Hengyi provides 10-15 intern vacancies and 203 scholarships for local students from
Universiti Brunei Darussalam (UBD) University of Technology Brunei etc.Since 2020 Hengyi has ramped up cooperation with local colleges through joint cultivation
programs in eight majors for future internship and employment opportunities
Measures to support the growth of local youth
In March 2014 In March 2018 In March 2020
In March 2014 the Zhejiang In March 2018 the Lanzhou In March 2020 the Lanzhou
University-Universiti Brunei Petrochemical College of Vocational Petrochemical College of Vocational
Darussalam-Hengyi program was Technology-Institute of Brunei Technology-Brunei University of
launched Technical Education (IBTE)-Hengyi Technology (BUT)-Hengyi was
was launched launched
Three China-Brunei joint scholarship programs
10Renewal Signing Ceremony of Zhejiang University-UBD-Hengyi Chemical Talent Joint Training Program
IBTE students studied at Lanzhou Petrochemical College of Vocational Technology
Key Performance
The joint scholarship program has witnessed 531 Bruneian students awarded scholarships 111 of which
have completed their studies and obtained full-time jobs in the Hengyi (Brunei) PMB Petrochemical Project.
11Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Topic 2
Motivating Employees and Sharing Development
to Create a Model of Common Prosperity
To further implement the Company’s employee motivation policy and build the Company into a practical
model unit of common prosperity Hengyi Petrochemical lunched the fourth employee stock ownership plan and
the second share repurchase plan combined with the executive incentive plan truly creating value and sharing
development with employees.Employee Stock Ownership
In order to practice the people-oriented principle fully arouse the enthusiasm and creativity of employees
continuously attract and retain excellent management talents and business elites in the industry and realize the
consistency of the interests of the Company shareholders and employees Hengyi Petrochemical is committed
to improving its governance structure through “equity incentive + employee stock ownership”. Since 2015 the
Company has implemented the employee stock ownership plan four times the equity incentive plan twice and the
repurchase plan twice.Number of shares traded ('0000 shares)
120001132911375
10000
8000
6000
400024812781
2000
0
First Phase of Employee Second Phase of Employee Third Phase of Employee Fourth Phase of Employee
Stock Ownership Plan Stock Ownership Plan Stock Ownership Plan Stock Ownership Plan
Number of shares awarded in the three phases of employee stock ownership plan
12Among which in April 2021 Hengyi Petrochemical
announced the fourth employee stock ownership plan
(draft) and the share increase of controlling shareholders
and some employees of affiliates by developing special
financial products covering directors supervisors senior
management regular employees of the Company and
its equity holding subsidiaries and other personnel
decided by the Company’s Board of Directors. The fourth
employee stock ownership plan amounted to RMB 2 billion
involving 4000 persons more than twice the total of the Hengyi Petrochemical held a briefing on the fourth
previous three phases. employee stock ownership plan
Share Repurchase
In October 2021 Hengyi Petrochemical launched the second share repurchase plan. The Company intends to repurchase
shares by centralized bidding transactions within 12 months using its own funds at a price of no more than RMB 15 per
share the total amount of the repurchase fund will be no less than RMB 500 million and no more than RMB 1 billion and all
repurchased shares will be used for the implementation of the employee stock ownership plan or the equity incentive plan.This is another share repurchase measure following the Company's first share repurchase plan that began in August 2020
and ended in March 2021. While stabilizing and maintaining the Company's share price it also shows the Company's
confidence in the future sustainable and stable development and the recognition of the corporate value.Executive Incentive
In addition to the employee stock ownership plan and the share repurchase plan Hengyi Petrochemical launched the
first and the second executive incentive plans in August 2015 and May 2017 respectively. The incentive objects included
the Company’s directors senior managers core managers and core technical (business) personnel in office during the
implementation of the plan. As of the end of the reporting period the two executive incentive plans were completed.The executive incentive plan not only helps to fully mobilize the enthusiasm of the Company’s directors senior
managers and core backbones and strengthen the sense of responsibility the sense of mission and the sense of
belonging of executives and core backbones but also promotes the Company’s strategic development and maximize
the value of the Company and shareholders.Through the implementation of the employee stock ownership plan the share repurchase plan and the executive
incentive plan while innovating the incentive mechanism the Company hopes to share business fruits with all
employees striving to build into a demonstration model of common prosperity that creates more value together on the
road of sustainable development.
13Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Topic 3
Practicing the Double Carbon Target to Boost
Green Development
During the reporting period in active response to the the national strategic targets to peak carbon dioxide
emissions and achieve carbon neutrality (hereinafter referred to as the Double Carbon Target) Hengyi
Petrochemical continuously improved its green production level through technical upgrading and energy control
measures to fulfill its social responsibility of carbon control and emission reduction.Responding to Policy Requirements
According to the market and policy requirements the Company strictly limited the power and production. During
the power and production limitation the Company according to the market and policy requirements the Company
strictly implemented the measures of stopping production of 30% of the total capacity. In accordance with the national
requirement for planned power consumption
the Company upgraded and transformed related
technologies such as equipment production
lines and processes and achieved the purpose
of energy conservation and emission reduction
by rationally arranging periodic operations self-
generating power at peak shifts coordinating
steam production at peak shifts between
turbine air compressor system and electro-air
compressor system and changing production
time for staple fiber process. The Company's installation upgrades
Implementing the Action of Double Carbon Target
Hengyi Petrochemical also actively implements the
national strategic goal of green production and values
the application of new energy and waste heat recovery
technology (polyester tail gas waste heat recovery heat
medium furnace flue gas waste heat recovery sulfuric
acid plant waste heat recovery cyclohexanone plant
oxidation tail gas comprehensive utilization etc.). By
implementing measures such as 100% coverage of
photovoltaic power generation on the roof of the factory
area and peak-valley electric energy storage application
the Company has continuously promoted green
production to reduce power consumption and carbon
Photovoltaic power generation on the roof of the factory emissions.
14Case: Improving the Reuse Rate of Polyester Tail Gas Waste Heat
Relying on its massive practices in the long period operation of polyester plants the Company took
measures to address the insufficient utilization of polyester tail gas waste and promoted energy
conservation and emission reduction.The measures taken by the Company to strengthen the utilization of polyester tail gas include:
Heating fresh ethylene glycol by tail gas through a heat exchanger to save fuel;
Raising the temperature of DTY workshop with waste heat so that a reasonable temperature range can
be maintained in case of a decrease in workshop temperature caused by lower air temperature or fewer
working machines to reduce the power consumption of the heater box;
Evaporating tail gas into gaseous state after heat transfer through working fluids and esterification to
push the continuous rotation of screw expander that can drive the generator for electricity generation so as
to achieve the purpose of energy conservation and emission reduction.During the reporting period through the reuse of polyester tail gas waste heat the Company saved energy
conservation by 4.0% to 6.0% of the total in a single factory.Polyester tail gas waste heat utilization plant
15Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Case: Comprehensive Utilization Technology of Oxidized Tail Gas in Cyclohexanone Plant
First of its Kind in China
To improve the comprehensive utilization rate of oxidized tail gas in cyclohexanone plant during the reporting
period through an advanced purification process of removing organic impurities with catalytic combustion the
Company treated a large amount of nitrogen-rich waste gas containing certain organic matters (cyclohexane
cyclohexanol and cyclohexanone) generated by cyclohexanone plant and the produced high-temperature
nitrogen was discharged to the atmosphere after energy recovery by expansion of power generation.This technology is the first of its kind in China and has reached the advanced level at abroad. It can effectively
control the emission of waste gas containing cyclohexane cyclohexanol cyclohexanone and other organic
substances. The purified nitrogen-rich gas after recovering waste heat is discharged up to standard which not
only protects the environment but also realizes the purpose of resource recovery and reuse.Plant for comprehensive utilization of oxidized tail gas in cyclohexanone plant
16Case: Laddered Reuse of Flue Gas Waste Heat of Heat Medium Furnace
To address energy waste caused by high temperature of flue gas emission in the old process through
the laddered recycle of flue gas waste heat of heat medium furnace (flue gas waste heat discharged
at a temperature of 140 ℃ -150 ℃ ) the Company extracts organic matters such as acetaldehyde with
high content and low boiling point from stripper wastewater to partially replace steam and thus reduce
production cost.During the reporting period through the recycle of heat medium furnace flue gas waste heat the Company
saved energy conservation by 5.0% of the total. This technology is advanced in the industry.Case: Reuse Technology of Sulfuric Acid Plant Waste Heat First of its Kind in China
To reduce waste gas emissions and energy consumption the Company uses the reaction waste heat of high-
temperature flue gas generated by sulfur combustion in sulfuric acid plant as the heating source of nylon
polymerization heat transfer oil so that the surplus heat source can be used to produce steam for other
equipment realizing the laddered utilization of waste heat.Compared with the way of heating heat transfer oil by electricity self-built coal water slurry boiler or
natural gas boiler this technology avoids the construction of small boilers with high energy consumption
and is the first of its kind in China.
17Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Governance Escorts
the Century-old Business
Hengyi Petrochemical is committed to implementing high-standard corporate
governance. Regarding standardized and effective corporate governance as
the foundation of stable operation the Company effectively promotes the
continuous improvement of its internal governance system and risk control
competence. The Company also continuously strengthens information
disclosure improves the investor communication mechanism fully protects
the legitimate rights and interests of investors and shares development fruits
with shareholders.Corporate Governance 20
Compliance Operation 22
Investor Management 24公司与员工
截止到2020年12月31日，公司在职员工21398人，其中，生产人员16739人，销售人员562人，技术人员
2404人，财务人员179人，管理人员1514人；博士研究生30人，硕士研究生497人，本科5882人，大专
6333人，高中或中专5101人，初中及以下3555。
1819Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Corporate Governance
Hengyi Petrochemical is committed to implementing high-standard and systematic corporate governance. It
strictly complies with the laws and regulatory requirements of the China Securities Regulatory Commission (CSRC)
and the Shenzhen Stock Exchange on regulating governance and operations. The Company continues to improve
its corporate governance structure promotes more professional and effective performance of duties by the
Shareholders' Meeting the Board of Directors the Board of Supervisors and the management team and advance
its modern corporate governance system and governance capacity.Hengyi Petrochemical Co. Ltd.Strategy and Investment Shareholders Meeting
Committee
Remuneration and Board of Directors Board of Supervisors
Nomination Committee
Office of the Board of
Risk Control Committee Directors
Audit Committee President Team
Audit Department Safety and Environmental
Protection Department
Human Resources
Department Funds Management
Department
Investment Management
Department Material Procurement
Department
Production Management
Center Financial Management
Department
Information and Data
Center Office
Subsidiaries
Corporate Governance Structure
Hengyi Petrochemical strictly abides by the requirements of relevant laws regulations and systems including the
Company Law of the People's Republic of China the Securities Law of the People's Republic of China and the Rules
Governing the Listing of Shares on the ChiNext Market of the Shenzhen Stock Exchange in forming an operating
mechanism with clear definition of powers effective check and balance scientific decision and coordinate
operation among the organs of power decision-making and supervision and the management team.
20Shareholders and the Shareholders' Meeting
The Company holds the shareholders meeting in strict accordance with the requirements of relevant laws
regulations and rules including the Company Law of the People's Republic of China the Securities Law of the
People's Republic of China the Rules for the Shareholders' General Meeting of Listed Companies the Articles of
Incorporation and the Rules of Procedure for the Shareholders' Meetings. The Company treats all shareholders
equally and protects the rights of shareholders especially minority shareholders to know participate in decision-
making and supervise major issues of the Company.Key Performance
During the reporting period the Company held five Shareholders' Meetings。
Directors and the Board of Directors
As of the end of the reporting period the Company's Board of Directors consisted of nine directors including three
independent directors and one female director. As a standing body of the Company's business decision-making
the Board of Directors is responsible to the Shareholders' Meeting and deliberates major decision-making issues
in the Company's business activities. The Board of Directors has four special committees including a Strategy
and Investment Committee a Remuneration and Nomination Committee a Risk Control Committee and an Audit
Committee. These special committees are responsible for the Board of Directors and perform their duties under the
authorization of the Board of Directors. With definite division of labor clear rights and responsibilities and effective
operation they provide opinions and suggestions for the decision-making of the Board of Directors.Key Performance
During the reporting period the Company held ten board meetings.Supervisors and the Board of Supervisors
As of the end of the reporting period the Company's Board of Supervisors consisted of three supervisors including
two female supervisors. The Board of Supervisors is the supervisory body of the Company and reports to the
Shareholders' Meeting. It is responsible for overseeing the Company's major issues financial situation and the legal
and compliant performance of duties by directors and senior management. This effectively protects the rights and
interests of the Company's shareholders the Company's interests and the legitimate rights and interests of the
employees. This can also further standardize the Company's operation.Key Performance
During the reporting period the Company held seven meetings of the Board of Supervisors.The Management
As of the end of the reporting period the Company had nine senior executives. The management consists of
petrochemical materials science finance legal and marketing experts. The team has advanced R&D management
philosophy and extensive large R&D project management experience which helps the Company to seize market
opportunities rapidly and accurately and maintain a leading position in the industry.
21Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Compliance Operation
Hengyi Petrochemical insists on achieving high quality legally and compliantly. Clinging to transparent and
compliant operations it has developed a compliance management system that meets its business development
needs and is a best practice for the petrochemical industry. During the reporting period Hengyi Petrochemical
further integrated and optimized the relevant systems of internal control risk and compliance management to
comprehensively integrate the internal control system with internal control norms. The Company enhances its risk
management capability immunity and resilience to provide a solid guarantee for realizing its development strategic
goals and sustained and steady development.Internal Control System Building
To effectively improve its internal control system the Company focuses on the top-level system design and
streamlining continuously optimizes the internal control process consolidates the foundation of internal control
management and raises the efficiency of internal control management. During the reporting period the Company
orderly promoted system streamlining for 42 times with business departments from the perspective of risk
management. It also rationally optimized the internal control process to enhance internal control management/
This has raised the systematic legal and standardized level of internal control management and ensured the
realization of its business objectives.Hengyi Petrochemical evaluated
and optimized KCP (key control
process) and embed internal
control into process to promote
closed-loop management
Hengyi Petrochemical
established the OA process
reviewed 997 changes and
evaluated process risks to
balance and improve process
efficiency
Measures to optimize the internal process
22Audit of Key Operations
Towards the goal of "preventing risks controlling cost strengthening management and promoting standardization"
Hengyi Petrochemical audited key business areas around the corporate center in a diversified mode of "routine
audit + special audit + continuous supervision + spot check". The Company has performed its internal audit duty to
effectively improve its risk management.Procurement
Financial
Management Sales
Key audit areas
Raw Material
Logistics Supply Guarantee
and Trade
Production Plant
Key Performance
During the reporting period the Company completed 25 management and special audits pointed out
five management highlights and presented 92 audit suggestions with a rectification rate of 100%.
23Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Strengthening Engineering Audit
Hengyi Petrochemical attaches great importance to engineering audit standardizes the operation process of
engineering audit and focuses on the infrastructure of engineering audit to continuously improve the quality of
audit work. During the reporting period the Company adopting “whole process track” as the core method
regularly tracked bidding updates and carried out routine inspection on a monthly to ensure that all its activities
were carried out within the scope permitted by laws and regulations.Whole process track of engineering projects
Hengyi Petrochemical carries out routine inspection tour Hengyi Petrochemical regularly tracks bidding
to engineering projects of all subsidiaries on a monthly updates covering shortlisting evaluation and
basis organically combines with those in review timely determination
reports the findings during the inspection tracks the
rectification and requires relevant departments to record
in time as the basis for later settlement improves the
management basis and optimize management
Clinging to "Corporate Center"
Harboring "zero tolerance to any and all fraud and corruption acts" the Company has established the Anti-Fraud
Leading Group headed by the Chairman of Hengyi Petrochemical. The Chairman authorizes the investigation of
reported matters and makes decisions on the handling of employee fraud. The Audit and Legal Affairs Departments are
responsible for internal auditing work supervision and violation handling. They develop and continuously improve
the Company's internal integrity policies and regulations to strengthen the long-term early warning mechanism for
fraud and bribery governance and protect the legitimate rights and interests of the Company and shareholders.Investor Management
The Company attaches great importance to information disclosure. It has established a strict and standardized
information disclosure process in strict accordance with the information disclosure laws and regulations to disclose
information in a timely accurate and standardized manner. Through investor relations activities via multiple
channels such as online teleconference system and offline site research the Company also actively strengthens
exchanges and communication with multi-level investors to show its development highlights convey investment
value and effectively protect the rights of investors to be informed and participate in.Key Performance
In September 2021 Morgan Stanley Capital International (MSCI) an international index supplier upgraded
the Company's ESG rating to Grade B projecting not only the effectively improved ESG performance
but also the international market's recognition of the Company's social responsibility fulfillment corporate
governance achievements and sustainable development value.
24Information Disclosure
The Company fulfills its information disclosure obligations in strict accordance with relevant laws and regulations. It
improves the standardized operation level of corporate governance based on actual conditions strictly implements the
layer-by-layer audit system of information disclosure announcements and continuously and effectively ensures the high
quality of information disclosure. The media designated by the CSRC the website www.cninfo.com.cn and the company
website section Investor Relations convey public information in compliance to strengthen communication with investors
and potential investors and enhances their understanding and recognition of the Company.Key Performance
In 2021 the Company disclosed 232 announcements including four periodic reports and 228 interim reports.Investor Relations
Hengyi Petrochemical is committed to enhancing investor communications. The Company has established
and maintained harmonious and stable investor relations by actively conveying information such as operation
development highlights investment value and social responsibility through diverse channels including
performance briefings online and offline surveys from institutional and individual investors investor hotline and
WeChat official account.Interaction with Individual
Investors
The Company actively conveys information such as
core values business philosophy and development
to investors by various communication means. Investor
During the reporting period the company held three Hotline
performance briefings at which nearly 300 questions
from investors were answered. It also actively WeChat Official Website Section
responded to investor concerns by such means as Account
Investor
interaction Investor Relations
answering 393 questions on the Easy Interaction channels
Platform and investor hotlines to enhance interaction
with individual investors at multiple levels.Quanjing Online SZSE Easy
Performance Interaction
Briefing Platform
25Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Surveys from Institutional Investors
In 2021 the Company received on-site or telephone surveys from 403 large and medium-sized institutional
investors hitting 571 exchanges. In addition the Company actively participated in various brokerage strategy
meetings for a total of 72 times conducted in-depth communication with investors and answered questions about
issues including development strategy operating conditions industry status and corporate governance fully
demonstrating its development highlights.Second Interpretation of Periodic Reports
The Company actively invites brokerage analysts to extract highlights and write review reports on periodic reports
according to issues of concern among investors for second interpretation at key timelines such as disclosure As of
the end of the reporting period capital market institutions issued two in-depth reports and 21 top and follow-up
reviews on the Company.Key Performance
During the reporting period the Company won five awards in information disclosure and investor
relations management.Award Issuer Name of Award
Social Responsibility Award of Listed Company in China
Securities Times Excellent Board Secretary of Listed Company on Main Board
Excellent Board Secretary of Information Disclosure
China Association for Public Excellent Practice Case of 2020 Annual Report Performance Briefings
Companies by Listed Companies
New Fortune The 17th Gold Medal Board Secretary
26Sharing the Company's Development Fruits
Offering returns to shareholders is not only an important embodiment of a listed company to fulfill its fiduciary
duty but also an inherent requirement for the healthy development of the capital market. To share the fruits of
the Company's development with investors Hengyi Petrochemical ensures stable performance and continuous
profit growth based on the practical needs of its business development. In addition Hengyi Petrochemical provides
stable and lasting returns to investors based on the concept of returning to shareholders.
35
30
25
20
15
10
5
0
20172018201920202021
Net Profit Attributable to Owners of Total Cash Dividends (RMB 100 mn)
the Parent Company (RMB 100 mn)
2017-2021 Net Profit Attributable to Owners of the Parent Company and Total Cash Dividends
27Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Innovation to Enhance
the Value of the Industry
Hengyi Petrochemical is committed to enhancing the value of the industry
through innovation. During the reporting period Hengyi Petrochemical
channeled efforts in a high-quality industrial ecosystem. This ecosystem
includes differentiated product development intelligent manufacturing
systematic customer service and digital corporate management. The Company
also promotes innovation in technology and services achieves digital upgrading
and transformation to improve industry productivity and promote ecological
industry development.Focusing on Quality:
Promoting High-Quality Development 30
Product Development:
Building an Industry Benchmark 34
Digital Innovation:
Boosting Intelligent Control 42
Supply Chain Integration:
Creating a C2M Closed Loop 46公司与员工
截止到2020年12月31日，公司在职员工21398人，其中，生产人员16739人，销售人员562人，技术人员
2404人，财务人员179人，管理人员1514人；博士研究生30人，硕士研究生497人，本科5882人，大专
6333人，高中或中专5101人，初中及以下3555。
2829Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Key Performance
During the reporting period Hengyi Petrochemical and its subsidiaries obtained 229 granted patents
including 108 invention patents.Hengyi Petrochemical won the first prize of the 2021 CNTAC Science Technology Progress Award of Textile Vision for
its Key Technology and Industrialization of Antimony-free Environmental Friendly Polyester Melt Direct Spinning.The "Key Laboratory of Environmental-Friendly Polyester and Fiber Preparation Technology for Textile Industry"of
Zhejiang Henglan Technology Co. Ltd. (Hengyi Research Institute) has passed the certification of CNTAC textile industry
innovation platform in 2021 (the textile industry innovation platform is an important part of the technological innovation
system of textile industry and an important scientific and technological innovation base for carrying out high-level
scientific research and research on major common key technologies gathering and cultivating outstanding scientific and
technological talents and leading the demonstration of the application of scientific and technological results).While constantly implementing the independent R&D and project approval for scientific and technological innovation
the Company is also actively undertaking major scientific and technological projects of the government. Zhejiang
Henglan Technology Co. Ltd. participated in the approval of two national key research and development projects of the
Ministry of Science and Technology in 2021 namely green biological manufacturing projects. Meanwhile the application
of the Bio-based PEF Green Synthesis and Efficient Catalyst Development Project of Zhejiang Hengyi High-Tech Materials
Co. Ltd. and the Key Technology Project of Efficient Antibacterial Polyester in situ Polymerization and Composite High-
Speed Spinning of Hangzhou Yijing Chemical Fiber Co. Ltd. led by Hengyi Research Institute was approved under the
2022 Pioneer Program and Leader Program of the Science and Technology Department of Zhejiang Province for the first
batch of projects. The two projects are closely related to the actual needs of the Company’s production and operation
laying a solid foundation for pursuing more scientific research and development resources in 2022 and promoting the
high-quality development of the industry.Focusing on Quality:
Promoting High-Quality Development
With "striving for building into a domestic first-class brand and meeting
customer needs across the board" as its quality strategy goal Hengyi
Petrochemical always implements the product control system in the whole
process to ensure quality. Since its establishment the Company has been
dedicated to providing high-quality products and services for clients and
consumers. Our factories have passed ISO9001 and our products such as
polyester and nylon chips polyester fibers and yarns and recycled fibers have
passed OEKO-TEX certification to ensure that products received by customers
have stable quality and strictly meet the relevant local policy requirements.Quality Management System Certificate for Production of Hengyi High-Tech's Polyester
Chip Polyester Filament and Polyester Staple Fiber
30Quality Management System
To develop high-quality products Hengyi Petrochemical has formulated the system of the Internal Control Standards
for Chemical Fiber Products of Hengyi Companies to control all Hengyi products. This system is suitable for grading
and production process control of polyester chip (PET) polyester pre-oriented yarn (POY) fully drawn yarn (FDY) draw
textured yarn (DTY) polyester staple fiber (PSF) and fiber grade polycaprolactam (PA6). To ensure that the quality of ex-
factory products meets customer requirements the Company classifies all products into three grades: excellent (AA)
first-class A) and qualified (B) and those lower than qualified as inferior (C) according to the product quality standards.In terms of indicator monitoring and management the Company strictly controls the fluctuation of quality indicators of
products and production process according to systems including the Measures for the Management of Product Central
Values to stabilize product quality. The Company also ensures the standardized operation of employees by revising the
Post Operation Rules and other documents; and guarantees stable product quality by such means as strengthening
equipment cycle management and abnormal inspection management.Internal Control Standards for Chemical
Fiber Products of Hengyi Companies
Measures for the Management
Corporate governance of Product Central Values
control-related systems
Post Operation Rules
Key Performance
During the reporting period the Company inspected production management on site for 22 times issued 29
rectification orders and had a 100% rectification completion rate. In 2021 the Company changed the central
value 121 times as required down some 50% over the second half of 2020 in terms of monthly average.
31Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Customer Satisfaction
Hengyi Petrochemical has established a diversified E-shop
channel customer satisfaction research mechanism
to help improve Hengyi quality. To accurately improve
product and service quality and customer satisfaction
Telephone Visit Salesperson
the Company collects customer satisfaction information On-site Visit
especially evaluation and opinions on the quality of
products manufactured by Hengyi factories from Customer
diversified channels such as E-shop salesperson on-site Communication
visit and telephone visit.Diversified customer communication channels
Hengyi Petrochemical boasts of an industry-leading
after-sales service system. The Company sets up the
After-sales Service Department with a sound after-
sales service management system and process to be
responsible for accepting product quality problems and
customer services. In recent years the Company has
been devoted to improving the efficiency and effect of
after-sales service. It provides technical services in time
for quality problems and feedback raised by customers.By means of quality improvement return and exchange
the Company meets customer demand for product
quality and ensures a continuous improvement of
customer satisfaction.Customer Interview on
the Company's "Brand Service Day"
32Whole Process Quality Control
Hengyi Petrochemical integrates digital production and strengthens whole process quality management.From quality traceability of raw materials and machine parts exception management of production to quality
management of products Hengyi Petrochemical applies quality information big data to ensure efficient and
accurate planning implementation monitoring correction and improvement management in the whole process.Case: Digital Application of Coding Traceability Helps Quality Control
To achieve product quality control in the whole process Hengyi Petrochemical enables material coding
traceability through digital technology making all kinds of quality-related information such as raw
materials machine parts and single ingot of finished products traceable through SAP SCM single ingot and
other systems. This has greatly improved the efficiency of data analysis and problem handling.
33Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Product Development:
Building an Industry Benchmark
Hengyi Petrochemical attaches great importance to scientific and technological innovation and insists on creating
green and high-quality products. Always keeping the market forward-looking and continuously developing
high added value and differentiated products with specific targets for new products Hengyi Petrochemical has
gradually realized the “diversified serialized high-quality and unique” product structure.Dual Industry Chain
Polyester
By the end of the reporting period the Company laid out more than 40 projects related to polyester industry chain.Case: Industrialization of Polyester Spinning Finish Project
To develop competitive polyester products and use them widely during the reporting period the Company
completed the formula analysis and industrialization of imported finishes for polyester POY and FDY
spinning. The promotion of FDY finish is amid a progress replacement from“ one spinning position” to“ oneproduction line” and “one workshop”.·Development Progress
During the reporting period the development progress of the Company’s spinning finish project can be
divided into six stages:
·An evaluation system of finish properties was built to improve finish development orientation;
·A scientific finish analysis method was employed to accurately analyze components of the imported finish;
·The formula of FDY finish produced by traditional equipment was dissected;
·T rial self-developed FDY finish that had been tested in Henglan’s chip spinning workshop for many times was
popularized in Hengyi High-Tech and Jiaxing Yipeng;
·Self-developed POY finish was passed spinning test at lab scale;
· The pilot-scale finish plant was built in August 2021 transformed technically in October and put into official
production in November 2021.
34Trial Spinning at One
Spinning Position in
Hengyi High-Tech and
February to Jiaxing Yipeng
September 2021 2021.11~ 至今
October to
Trial Spinning in November 2021 Trial Spinning at One Production
Henglan's Chip Line in Hengyi High-Tech and
Spinning Workshop Jiaxing Yipeng
Progress of POY and FDY finish projects
Smooth and Cohesive Finish
Wetting and Antistatic Compounding
Monomer Screening Formula Performance
Optimization Test
Test Spinning
Finish Analysis on Machine
Development process of spinning finish
·Key Performance
During the reporting period the Company's subsidiaries actively implemented the requirement for
industrialized production of spinning finishes.Henglan Technology's slice spinning workshop replaced one finish production line without significant
indicator differences compared with imported finishes or defective feedback from customer complaint;
Jiaxing Yipeng completed it in early December 2021 after a month's trial spinning at one spinning position
without defective feedback from customer complaint;
Hengyi High-Tech applied finish after testing in one spinning position without any defective feedback from
customer complaint.
35Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Case: K ey Technology and Industrialization of Antimony-free Environmental Friendly Polyester
Melt Direct Spinning
Polyester (PET) is one of the most productive and widely applied polymers in the world. Currently antimony
(Sb) is the main catalyst used in polyester synthesis. In the dyeing and finishing process of textiles heavy metal
antimony in polyester fiber products pollutes water sources after entering wastewater and causes harm to
ecological environment. With the increasing pressure of environmental protection excessive antimony emission
has become a bottleneck restricting the development of textile industry.To develop green polyester manufacturing technology reduce the emission of heavy metal antimony and
relieve the sewage treatment pressure of downstream printing and dyeing companies the Company actively
carried out the key technology development project for antimony-free environmental friendly polyester melt
direct spinning during the reporting period.Targeting at bottlenecks to antimony-free environment-friendly polyester links such as catalyst synthesis
polyester polymerization and spinning this project studies key technologies for titanium catalyst compounding
addition method polyester polymerization stable melt transportation and spinnability of titanium polyester
It has addressed color difference of titanium catalyst polyester optimized the transportation and distribution
of polyester melt spinning and post-processing and implemented green development concept into products
setting a model for the healthy and sustainable development of chemical fiber industry.Industrialization of antimony-free environmental friendly polyester melt direct spinning technology
36Case: Development of Zinc Oxide Antibacterial Polyester
Antibacterial polyester fiber refers to fiber with antibacterial function after introducing antibacterial modifiers
into the fiber matrix or combining with the fiber surface by various methods. Its antibacterial performance usually
depends on the performance of the introduced antibacterial agents. Common antibacterial agents mainly include
natural antibacterial agents organic antibacterial agents and inorganic antibacterial agents. Inorganic antibacterial
agents are gaining prominence for high antibacterial efficiency broad spectrum and stability.During the reporting period the Company actively promoted the development of zinc oxide antibacterial
polyester. Combined with the surface modification technology of inorganic nanoparticles the project chemically
grafted and modified ZnO nanoparticles at the surface and interface with appropriate modifiers and introduced
functional groups to improve the compatibility with PET matrix and avoid agglomeration during processing.Through systematic study on addition amount combination method and dispersion of ZnO nanoparticles this
project optimizes the dispersion ability and addition mode of ZnO nanoparticles in the polyester matrix achieving
efficient antibacterial modification of polyester fiber materials.Bacteria organic
compounds Carbon dioxide (CO2)
inorganic odor Water (H2O)
stink
Natural
light Nanometer
ZnO
Bacteria Zinc ions directly
penetrate into bacteria
R&D mechanism of antibacterial polyester fiber
R&D workshop of ZnO antibacterial polyester fiber
37Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Case: Green Synthesis of Bio-based PEFIn December 2021 the application of the “Bio-based PEF Green Synthesis and Efficient Catalyst DevelopmentProject” of Zhejiang Hengyi High-Tech Materials Co. Ltd. led by Hengyi Research Institute was approved under
the 2020 Pioneer Program.This project is intended to break through key technologies such as the efficient polymer-grade FDCA preparation
efficient development of polyester polymerization catalysts mass production process and equipment design
Based on the objective of focus on R&D plans during the 14th Five-Year Plan the project prioritizes bio-based
polymer materials. Taking independent innovation at the core the project studies the whole industry chain
including the development and back-end application of low-cost bio-based monomers and polymers to address
the high cost of bio-based polymer materials and few grades of high-performance engineering plastics.During the reporting period Hengyi High-Tech fine-tuned the product structure and studied the temperature
resistance mechanical and barrier properties of products. No less than ten high-performance polyester products
were developed and applied downstream. Furanedioic acid polyester can be applied to bottles membranes
fibers and engineering plastics due to its unique properties.Green Synthesis of Bio-based PEF
38Polyamide
By the end of the reporting period the Company laid out more than 30 projects related to polyamide industry chain.Case: Green Manufacture of Bio-based High Temperature Resistant Polyamide Materials
Polyamide monomer materials are mostly synthesized chemically causing problems such as reliance of raw
materials on fossil resources serious pollution in the synthesis process and great potential environmental safety
hazards. In particular the core technology of chemical diamine synthesis has long been monopolized by foreign
multinational companies becoming an important barrier in China's polymer materials industry.To fill the gaps of some polyamide monomers and materials in China break the international monopoly
and get rid of the passive "hunger marketing"dominated by international chemical giants in the polyamide
industry for a long time. During the reporting period the Company promoted the research of key polyamide
monomer substitutes and new nylon and developed the technical system for continuous polymerization of
bio-based polyamide through projects such as green manufacture of bio-based high temperature resistant
polyamide materials.R&D Manufacture of Bio-based High Temperature Resistant Polyamide Materials
39Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Industry-University-Research Cooperation
Hengyi Petrochemical actively advances industry-university-research cooperation. Through collaborative
innovation the Company builds an emerging industry-university-research-application technology innovation
platform to boost industry-university-research win-win cooperation and sharing of scientific and technological
resources enhancing the source power for product R&D and technological innovation.Based on scientific and technological innovation platforms including the ZJU-Hengyi Global Innovation Research
Center the Joint Laboratory of Donghua University and Hengyi Petrochemical China Chemical Fibers Association-
Hengyi Foundation the National Postdoctoral Research Station the National Enterprise Technology Center and
the Key Laboratory of Textile Industry Hengyi Petrochemical actively expands exchanges and cooperation with
scientific research institutes of famous universities such as Zhejiang University Donghua University Nanjing Tech
University and Zhejiang Sci-Tech University. The Company has formed industry-university-research-application
strategic cooperation. It always stands at the forefront of scientific and technological innovation in petrochemical
and polyester chemical fiber fields.Hengyi Petrochemical pools technical specialists engineering experts postdocs and senior R&D engineers in
polyester chemical fiber and chemical industry for research and development of new products new technologies
and new processes directly facing the market and customers. They provide strong talent and technical support for
improving existing production technology and equipment and transforming high-tech achievements. The Company
is also equipped with a large number of equipment and test analysis instruments for research and development
of new products and technologies related to the whole industry chain helping the transformation of scientific and
technological achievements.Hengyi Research Institute
40National-recognized Enterprise Joint Laboratory of Donghua
Technology Center University and Hengyi
Petrochemical
ZJU-Hengyi Global Innovation Research Center
Key Performance
By the end of the reporting period the Company had:
· exchanged and learned advanced university-enterprise cooperation experience and innovative modes at
abroad for 8 times;
·organized 9 academic seminars and CST meetings (Technical Committee meetings);
· engaged in 30 university-enterprise projects under research including the Efficient Green Production and
Industrial Demonstration of Bio-based Polyamide Monomer and Materials the key project under "Green
Bio-manufacturing" in the national key research and development plan providing technical support for the
transformation upgrading and green manufacturing of polyester industry.
41Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Digital Innovation:
Boosting Intelligent Control
Taking "petrochemical + industrial Internet" as its information strategy Hengyi Petrochemical promotes the deep
integration of new-generation information and communication technology into petrochemical manufacturing
industry based on industrial Internet advantages of digital intelligence to strengthen the digital networked and
intelligent development of the chemical fiber manufacturing industry securing the highly coordinated operation of
the whole industrial chain.Digital Transformation Strategy
By setting digital strategic goals and promoting digital transformation the Company strives to create a customer-
centered Internet platform for the chemical fiber industry with "Hengyi Brain" as its intelligent decision-making
center. The Company based on the basic policy of innovation-driven quality and efficiency improvement and
green development makes good use of the integration and application of information application advanced
manufacturing automation and enterprise management technologies realizes intelligent informationization of the
whole chain integrating R&D and design logistics procurement production control operation and management
professional services and marketing achieving product traceability and whole process control.Manual appearance inspection
Hengyi Brain (Command and Decision-making Center)
Customer-centered Internet Platform for the Chemical Fiber Industry
Centralized Procurement ERP (SAP) (Collabora- Centralized Sales Supply
Supply Chain tion of Supply Market- Chain
SRM SCM ing and Finance) E-shop Logistics TMS
Petrochemical Polymer Hengyi Haining New Hangzhou Jiaxing Taicang Suqian High-Tech Materials Yijing Yipeng Yifeng Yida
Manufacture Execution System (MES)
Production
Plan Lab Management
Warehouse Quality Traceability
Management of Single Ingot
Equipment
Management Energy System
Security Data Acquisition
Monitoring and Monitoring
Factory/Workshop Physical Equipment
Strategic Framework for Digital Transformation Strategy of the Industry
42
Group-based Integrated
Industrial Digital Platform Digital PlantInformation Manufacturing Marketing
Infrastructure Services
The Company employs cloud Relying on the information The Company builds two software
computing virtualization 5G interconnection among intelligent systems of e-shop and marketing
home base machines and manufacturing devices such as supply chain. Externally Internet
other technologies to promote automatic winding automatic marketing and customer social
the construction of industrial packaging intelligent external experience management are
networking service clusters inspection AGV trolley robot and adopted to facilitate independent
information security etc. Automatic Storage and Retrieval order placing supply chain
providing technical support and System the Company adopts services full process display of
security for software applications. network communication Internet sales data and data services
of Things mobility micro-service for multi-dimensional portraits.real-time database and other Internally data sharing among
technologies to successfully business systems becomes
develop a single ingot data flow available to improve data
system to realize efficient logistics interaction efficiency eliminate
operation and automatic quality information circulation barriers
control of products in workshop and form a closed-loop for
warehouses achieving process supply chain links such as sales
optimization information sharing collection distribution delivery
and efficiency improvement vehicle dispatch shipment and
among production processes. invoicing.Hengyi Petrochemical's digital innovation measures in various fields
43Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Intelligent Manufacturing Applications
Through the integration of intelligent production networked collaboration customized services and digital decision-
making the Company accelerates the digital transformation process and promotes the transformation from
"manufacturing" to "intelligent manufacturing" and from single business management to highly coordinated operation
of the industrial chain. During the reporting period Hengyi Petrochemical developed an intelligent inspection robot with
Baidu and innovative projects such as automatic shovel and automatic garter color judgment with research institutes of
universities such as Zhejiang University and Hengyi Research Institute. By overcoming industry difficulties the Company
steps to achieve 100% intelligentization of "machine substitution" in the whole process. In the upcoming three years
Hengyi plans to build a model unmanned factory with another investment of some RMB1.3 billion.Case: A ccelerated Digital Upgrade and Innovation from "Manufacturing" to
"Intelligent Manufacturing"
To level up digital intelligent management and control Hengyi Petrochemical develops the first set of automatic
shovels in the industry in an operating mode of "manual shovel + automatic shove". It has reduced labor
workload and shortened the shovel operation time.Hengyi intelligent manufacturing projects
Hengyi Petrochemical also develops the first set of AI appearance inspection equipment with Baidu in the chemical fiber
industry. Combining industrial visual image detection technology with AI deep learning algorithm this set is available
for automatic intelligent appearance detection elimination and alarm of yarn ingots. Through a 100% appearance
detection rate for yarn cakes it has detection accuracy and efficiency. Real-time feedback of detection data information
to the workshop allows for quality improvement of production process.Due to its intelligent analysis and application of quality big data the AI appearance inspection equipment was reported
by media such as People’s Daily and Xinhua News. It was shortlisted in the 2021 Zhejiang Excellent Intelligent
Manufacturing Scenarios and the 2021 Pioneer Cases of Industrial Intelligence of People’s Daily. Hengyi Petrochemical
also won the title of “2021 China Top Ten Industrial Digital Transformation Enterprises” awarded by Forbes China.Hengyi AI intelligent appearance inspection
44Case: Promoting Intelligent Transformation for Full Penetration of Production and Sales in Factories
In response to the national strategy of “Made in China 2025” and promote the company-wide construction of digital and
intelligent factories during the reporting period Hengyi Petrochemical increased investment in intelligent manufacturing
and gradually transformed labor-intensive jobs into technology-intensive jobs. By the end of the reporting period the
Company had invested nearly RMB2.5 billion in intelligence covering 100% of new factories and 75% of old ones.The Company replaces manual operations such as manual doffing manual appearance inspection manual packaging and
manual warehousing with intelligent operations such as automatic doffing automatic appearance inspection automatic
packaging and automatic delivery after being automatic stored in a stereoscopic warehouse. This has gradually secured
whole-process automation and improved company-wide production efficiency.Business process Business process
after products off after products off Sampling classification Packaging Warehousing Deliverythe production line the production line
Mode of storage Manual appearance
and transportation Manual doffing inspection Manual packaging Manual warehousing Manual delivery
Mode of record Paper process Paper process Paper process Paper process
Paper sheet sheet sheet sheet EXCEL SAPEXCEL、SAP
New mode of Intelligent appearance Automatic storage Automatic delivery
storage and Automatic doffing inspection Automatic in a stereoscopic from a stereoscopic
transportation packaging line warehouse warehouse
Mode of record PLC and software PLC and softwareIT system WCS WCS
Quality traceability system of single ingot product Finished product storage system WMS E-shop SAP
Before intelligent transformation
Jiaxing Yipeng's whole-process intelligent logistics system the first of its kind in the industry integrates
doffing package and stereoscopic warehouse of finished products through AGV transfer fiber stereoscopic
warehouse for temporary storage and transport line of finished products which is beneficial to the multi-
process operation information process and intelligent cross-line dispatch for the fiber spindle.Automatic AGV yarn Manual unwinding Putting yarn boxes in an Putting yarn boxes in an
doffing box transfer knotting and knitting intermediate warehouse intermediate warehouse
Being stored in a Packages distributed Automatic packaging Automatic appearance Enabling
stereoscopic warehouse by shuttle vehicles and weighing inspection robots
Whole-Process Intelligent Manufacturing System
45
Before intelligent After intelligent
transformation transformationHengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Supply Chain Integration:
Creating a C2M Closed Loop
Hengyi Petrochemical manages the whole process of supply chain. Boasting of a dual-chain development model
of polyester and polyamide Hengyi Petrochemical realizes the self-supply of downstream raw materials through
upstream refining and chemical integration. This has ensured the stable quality and supply of raw materials
required by polyamide and polyester product lines for downstream production.Case: B uild a Scientific Decision-making System with "Hengyi Brain" Integrating Production
and Marketing
To improve production efficiency and realize whole process data flow management Hengyi Petrochemical
builds a comprehensive information management platform that covers procurement of raw and auxiliary
materials and machine parts incoming quality control production process control product inspection
packaging warehousing delivery logistics transportation and use by end customers. The whole process
data are carried in SAP EAM SCM/SRM WMS MES LIMS TMS E-shop and other systems and integrated on
the platform to improve production efficiency and carry forward business advantages.E-shop Intelligent
Trading Quality
Platform Monitoring
System
Hengyi Brain +
Traceable Digital Intelligent Intelligent
After-sales Factory Production
Service of Storage
Product System
Quality
Logistics
Distribution
Platform Service
Application of Hengyi whole process data flow management
46Case: Building WMS to Realize Intelligent Warehouse Management
To improve warehousing management and upstream-downstream coordination efficiency Hengyi
Petrochemical develops a warehouse system that meets its warehousing requirements for centralized
and unified management thereby providing data support for production operation product sales and
procurement. The system covers warehousing management of all product lines in all factories mainly
including: packaging measurement inward warehousing warehouse operation outward delivery reversal
basic inquiry and comprehensive report. The system is compatible with PC and PDA and supports
complete interface integration and application with intelligent manufacturing facilities such as SAP
automatic packaging line and stereoscopic warehouse.WMS has greatly improved the Company’s upstream-downstream collaboration efficiency and intelligent
warehousing management.公司 WMS 智能仓储系统
47Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Guaranteeing HSE to Build
a Green Home Together
Hengyi Petrochemical always sticks to the safety and environmental work
guideline of "safety first focusing on prevention integrated control and
people-oriented" and establishes a concept of safety and environmental
development. The Company carries out hierarchical management and control
of safety risks and detection and management of hidden dangers around
the safety and environmental protection production responsibility system.Hengyi Petrochemical also consolidates safety production standardization
achievements strengthens HSE (Health Safety and Environment) education
and training enriches safety activities and strictly controls pollution and waste
discharge. This has comprehensively promoted the implementation of safety
and environmental protection management system standardized safety and
environmental protection management prevented and reduced accidents and
improved its safety and environmental protection.HSE Management 50
Risk Management 51
Safety Production 52
Environmental Protection 54公司与员工
截止到2020年12月31日，公司在职员工21398人，其中，生产人员16739人，销售人员562人，技术人员
2404人，财务人员179人，管理人员1514人；博士研究生30人，硕士研究生497人，本科5882人，大专
6333人，高中或中专5101人，初中及以下3555。
4849Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
HSE Management
The Company adheres to the management of business and safety and follows the guidelines of unified leadership
localized supervision responsibility fulfillment hierarchical management classified guidance and full participation.The Company has developed its own HSE management system in strict accordance with the ISO 14001 and ISO
45001 requirements. In addition the Company has strengthened the review of the HSE systems of its subsidiaries
to ensure that their HSE systems are in compliance with national laws regulations and standards as well as the
company management policies.Key Performance
During the reporting period the Company's Safety and Environmental Protection Department updated and
issued the List of HSE Laws and Regulations improving and supplementing 32 safety and fire protection
laws and regulations 31 environmental protection and occupational health laws and regulations and
identifying 263 applicable laws and standards.Environmental Management System Certificate of
Hengyi High-Tech
50Risk Management
Hengyi Petrochemical continuously carries out risk classification control and potential risk identification and
control to timely identify and eliminate various hidden dangers. During the reporting period the Company
identified company-level risks such as special operations project start-up and shut-down automatic packaging
product storage and transportation tank farm and major hazard sources (LNG stations) through risk identification
and classification and formulated and implemented control measures. The improvement of the dual prevention
mechanism was also promoted in subsidiaries. The Company also intensified and deepened on-site inspection to
discover and eliminate all hidden dangers in time.Key Performance
By the end of the reporting period the Safety and Environmental Protection Department had carried out 85
routine safety inspections and 33 special inspections.Case: Bracing for Disaster Weather to Strengthen Risk Management and Control
In July 2021 to resist Typhoon In-fa the HSE Committee issued the Notice of Effective Flood Waterlogging and
Typhoon Control. Carrying forward the spirit of continuous struggles and operations all subsidiaries mobilized
employees to prevent the flood and typhoon under the instructions of leaders at all levels according to the
Notice to ensure the safety of life and property at top priority. Risk screening and preparations for emergency
rescue were carried out to guarantee sufficient and in place labor and materials.Henglan Technology and Shaoxing Hengming transferred and resettled more than 1370 construction workers
minimizing risks and coming through the Typhoon In-fa.Resistance to typhoon by Hengyi and its subsidiaries
51Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Safety Production
Hengyi Petrochemical attaches great importance to safety production and continuously promotes safety
standardization of the Company and its subsidiaries. By the end of the reporting period there were one polyester
and hexyl brocade subsidiary up to grade I safety standardization one to grade II and eight to grade III.Key Performance
In 2021 the Company invested a total of RMB 35.9737 million in safety.Safety Training
During the reporting period Hengyi Petrochemical and its subsidiaries actively organized diversified safety training
activities to improve the safety awareness and professional quality of all employees and company-level safety
management.Case: Carrying out Safety Training to Improve Safety Governance
To improve the safety management of the Company and its subsidiaries during the reporting period Hengyi
Petrochemical invited industry experts to carry out safety training for safety specialists and department heads of the
Company and its subsidiaries. After the training subsidiaries conducted safety training for their employees in batches
according to the requirements of the Safety and Environmental Protection Department.In March 2021 Hengyi Petrochemical invited caprolactam electrical experts to carry out training on electrical safety
for HSE specialists of subsidiaries relevant leaders of the Power Department and electrical instrument personnel to
enhance the awareness of electricity safety management and prevent electrical injuries.In April 2021 Hengyi Petrochemical invited experts
from Beijing Research Institute of Automation for
Machinery Industry (RIAMB) to carry out training on
safety of automatic packaging line for nearly 300 HSE
specialists the manager of Spinning Department the
supervisor of automatic packaging line team and
group leaders and related management personnel
of the Production Management Center and the
Safety and Environmental Protection Department in
chemical fiber factories. This has improved their safety
awareness and safety management ability to avoid
mechanical injuries to operators during the operation
of automatic packaging line. Safety training by industry experts
52Case: O rganizing Safety Education and Training to Improve Safety Awareness and Accomplishment
of All Employees
To enhance all-staff safety awareness and safety management ability and strengthen its safety culture
building during the reporting period Hengyi Petrochemical organized safety education and training
according to the different needs of employees at varying ranks.In March 2021 Hengyi Petrochemical conducted safety management training for over 70 managers
above the team or group leader level in Hangzhou Yichen and Hengyi Polyamide to enhance their safety
awareness and management ability.In June 2021 Hengyi Petrochemical conducted safety training for 123 managers at or above the supervisor
level in Haining New Materials to enrich their legal knowledge and enhance their safety awareness.In October 2021 Hengyi Petrochemical publicized and interpreted the Amendment (XI) to the Criminal Law
of the People’s Republic of China and the New Production Safety Law of the People’s Republic of China
at its regular production and operation meeting. In the same month the 2021 New Blue trainees were
taught HSE basic courses for them to improve safety awareness master basic safety knowledge and garner
emergency self-help skills.In November 2021 Hengyi Petrochemical organized 163 persons from seven subsidiaries for training to
obtain the Polymerization Process Safety Operation Certificate.
53Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Safety Campaigns
China had its 20th Workplace Safety Month in June 2021. The Company launched a company-wide workplace safety
month campaign with the theme of "Implementing Safety Responsibility Promoting Safety Development" to help
the Company practice workplace safety and build up safety culture.Case: Enriching Safety Campaigns to Enhance Employee Awareness of Safety Responsibility
To supervise the performance of employee safety responsibility and facilitate the implementation of Hengyi
Petrochemical's safety development goal during the reporting period subsidiaries actively carried out
the "Workplace Safety Month Mobilization Meeting". During the workplace safety month team and group
safety activities under themes such as "Safety Responsibility Publicity" "Emergency Equipment Drill" and
"Accident Case Study" were conducted.Jiaxing Yipeng participated in the 10th Fire Games in
Xiuzhou District of Jiaxing City and won the second
prize; Taicang Yifeng organized a safety knowledge
contest and a safety month essay writing activity as
warm-ups; Suqian Yida organized a safety knowledge
contest invited police officers of Suqian traffic
police detachment to give a traffic safety lecture and
conducted monthly safety advanced team selection."Police Lecture" Safety Campaign
Team and Group Safety Campaign Featured Safety Campaign
Environmental Protection
While reducing costs and increasing efficiency capacity and profitability Hengyi Petrochemical always keeps in mind its
social responsibility as an industry leader. The Company actively fulfills its environmental protection responsibility by
developing green products and strictly controlling pollution and waste to help build a beautiful homeland.
54Key Performance
In 2021 the Company invested a total of RMB68.1107 million in environmental protection.Developing Green Products
There are a number of disadvantages of antimony catalysts commonly used in traditional polyester production.For instance heavy metal antimony which is somewhat poisonous will precipitate toxicity in PET dyeing therefore
polluting the environment. And then the waste final PET products will expose ten thousand tons of antimony to
nature every year causing irreversible pollution.In order to meet the national development plan of green production and consumption as well as the development
concept that sci-tech innovation creates a better life Hengyi Petrochemical has listed the environmentally-friendly
antimony-free polyester as a key R&D project. Through independent project approval and independent R&D
with two years' efforts the Company has overcome many technical difficulties replaced antimony catalysts with
titanium catalysts adopted titanium catalysts and a composite catalyst system with a new coordination chemical
structure developed the antimony-free environment-friendly polyester product - Eticont and realized mass
production with all indicators meeting national and corporate standards. Eticont is a product with high quality and
fully independent intellectual property rights. It can be used to fundamentally solve pollution problems.Key Performance
During the reporting period Hengyi Petrochemical won the first prize of the 2021 CNTAC Science Technology
Progress Award for its Key Technology and Industrialization of Antimony-free Environmental Friendly
Polyester Melt Direct Spinning. With further improved quality Eticont products in 2021 were widely used in
baby clothes and facial mask fields.Solving the environmental pollution
problems of downstream enterprises Building a green life cycle for the
of the industrial chain whole industry chain
The influence of antimony- Hengyi products are green not only
containing polyester products because the manufacturing process
on the environment in the is green but also because the use
downstream of the industrial chain Antimony-free green link and whole life cycle are green.is mainly reflected in finishing after environment-friendly Clothes made from antimony-
printing and dyeing. In the process polyester products help containing fabrics once discarded
of finished treatment after printing to build a green textile will release antimony into water and
and dyeing pollution will be life cycle soil whether they are burnt or put
caused if the antimony precipitated in a landfill. Antimony pollution can
exceeds the relevant index value. be avoided completely if clothes are
Antimony-free polyester products made antimony-free. The launch of
avoid antimony pollution from antimony-free polyester products
subsequent dyeing and printing makes it possible for the whole
from the source and guarantee industry to run green.stable production and operation of
the downstream enterprises. Eticont advantages
55Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Eticont series
Deepening Prevention and Control of Pollution and Waste
The Company attaches great importance to green production and always prioritizes environmental protection to
achieve the goal of green sustainable development. During the reporting period the Company’s environmental
protection management extended from index control to process management to ensure that waste water and waste
gas meet the discharge standards.In 2021 Hengyi Petrochemical mainly conducted the following tasks in environmental pollution prevention and
control: (1) Streamlining current environmental management of subsidiaries; (2) participating in the acceptance of
environmental protection projects; (3) carrying out environmental remediation and provision work; (4) improving
the online monitoring system and the monitoring data assessment platform; and (5) actively communicate and
coordinate with government regulatory authorities.Specific Work
Streamlining Carrying out Improving the Actively
current Participating in environmental online monitoring communicating
environmental environmental remediation and system and the and coordinating
management of acceptance provision work monitoring data with government
subsidiaries assessment regulatory
platform authorities
Organizing and Accepting In active respond The compliance rates Coordinating the
tracking the discharge environmental to "direct sewage of sewage rainwater abnormalities of on-
and monitoring protection in Jiaxing discharge" Hangzhou (pH CODCr NH3-N) site monitoring data
of exhaust gas Yipeng's 56000-ton Yichen Hangzhou and boiler flue gas of its subsidiaries
discharge liquid fiber project and Yijing Hengyi Polymer (particulate matter SO2 with the government
and waste slag Haining’s 1.5-million- Hengyi Chemical Fiber NOx) of all subsidiaries environmental
the filing of plans ton fiber (except Hengyi Caprolactam were 100%. protection department
for environmental AB line) project and Shuangtu New to avoid administrative
emergencies and thermal power project. Materials Hengyi punishment
discharge indicators High-Tech Shaoxing
of major pollutants Hengming and Jiaxing
specified in emission Yipeng completed
certificate and relevant work.emission permit.Pollution and Waste Discharge Control
56Water Resource Management
The water quality is monitored throughout the project from pre-design operation to completion. For example
Hengyi High-Tech monitored the chemical oxygen demand and ammonia nitrogen in the water during the pre-
design and operation of the project with an annual output of 500000 tons of environmentally friendly functional
fibers to ensure that water quality meet the standard. The Company also carried out a series of measures to help
save water and improve the utilization rate of water resources.Sprinkling and air conditioning are modified for
spinning. Sprinklers are replaced and water pump
motors are additionally provided with frequency
conversion to control water in all plants which
save water and electricity while maintaining
normal working conditions.Novel water economizer is employed. For example
Jiaxing Yipeng changes the ordinary packing water
collector to the M-wave water collector and adds an
FRP baffle in the middle of the cooling tower so as to
protect cooling water from wind and reduce the tap
water consumption.Condensed water is reused. Companies such as
Suqian Yida and Hengyi High-Tech use condensed
water instead of soft water for waste heat boilers and
the heat can also raise the inflow temperature saving
both energy and coal. The amount of water saved is
about 2-3 tons/hour.Underground water pipe is relocated to the ground.For example the Hengyi Polymers Plant one of our
oldest plants has strengthened leakage detection
and reduced waste of water after relocating the
pipeline underground to the ground.Tap water is replaced by reclaimed.Tap water is replaced by water cycled from
production. Tap water is replaced by reclaimed
water to supplement production recycled
water and fire water and clean melt filters.Water Conservation Measures of Hengyi Petrochemical
57Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Empowering Employees and
Creating a Sustainable Workplace
Hengyi Petrochemical always prioritizes the care for and development of
employees and regards employees as its most valuable commodity. The
Company effectively protects the legitimate rights and interests of employees
and helps them improve professional skills and comprehensive qualities and
balance between work and life striving to create a happy workplace.Employee Rights and Interests 60
Career Development 64
Employee Caring 68公司与员工
截止到2020年12月31日，公司在职员工21398人，其中，生产人员16739人，销售人员562人，技术人员
2404人，财务人员179人，管理人员1514人；博士研究生30人，硕士研究生497人，本科5882人，大专
6333人，高中或中专5101人，初中及以下3555。
5859Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Employee Rights and Interests
In accordance with the Labor Law of the People's Republic of China the Company Law of the People's Republic
of China and other laws and regulations at home and abroad Hengyi Petrochemical regulates the Company's
personnel and labor management as well as respect and maintain the legitimate rights and interests of employees.Hengyi Petrochemical is committed to building a diversified fair and inclusive workforce and setting a supporting
salary and welfare model based on actual positions to fully mobilize the enthusiasm of employees at all levels.Diverse Workplace
The Company advocates the concept of "respecting employees and appointment on merits" and actively
introduces interdisciplinary talents to ensure diversification. At present the Company has formed an international
and professional management and operation team with expertise to stimulate the vitality and cohesion of talents
laying a solid talent foundation for the development of the industry.Indicator Unit 2021
Workforce Person 16820
Percentage of female employees % 26.17
Percentage of employees at
%1.77
manager level and above
Percentage of employees with
%30.15
college degree and above
60Compensation Incentives
Hengyi Petrochemical attaches great importance to building harmonious labor relations. It protects motivates and
effectively functions the enthusiasm of both operators and employees. The Company also safeguards the legitimate
rights and interests of employees according to law and provides employees with competitive salary and incentive
mechanism in the industry. In addition the Company makes regular salary adjustments based on its own operating
conditions and the actual situation of the industry and region to make a internally fair salary range. This has fully
mobilized the enthusiasm of employees and effectively promoted the attraction of high-tech talents.Since 2021 based on the total salary control policy and the general salary adjustment policy for front-line
production employees the Company has encouraged production subsidiaries to stimulate the potential of internal
management improvement enhance employment management and better function the role of salary incentive.This can efficiently facilitate personnel efficiency and secondary cost distribution incentive thus allowing primary-
level employees to get more pay for more work.Case: Strengthening the Salary Guarantee of Front-line Employees with Multiple Measures
During the reporting period the Company adopted a multitude of salary and system optimization measures
for front-line polyester and polyamide production employees. It also revised and improved the salary
system to enhance the salary level and effectively raise the its salary competitiveness.Special Inspection and Point Surveys
During the reporting period with the purpose of promoting system improvements Hengyi Petrochemical
launched the campaign of “Stabilizing the Front Line and Strengthening the Foundation” and inspected
the salary and systems in its three polyester and polyamide subsidiaries namely Haining New Materials
Shaoxing Hengming and Fujian Yijin. Point surveys were also conducted in related factories. Key problems
were spotted and solutions were discussed for the effective implementation of follow-up improvement
measures.Implementing Salary Adjustment for Front-line Posts
To fully mobilize the enthusiasm of front-line employees and reduce turnover while improving labor
productivity a sound mechanism for wage distribution under continuous improvement has been formed in
production factories. During the reporting period the salary adjustment for front-line employees in three
subsidiaries totaled RMB40.99 million including RMB16.61 million of minimum wage adjustment with
average monthly salary up by 12%.
61Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Welfare
Hengyi Petrochemical pays all social insurances for its employees in full and on time in strict accordance with the
national policies and regulations and continuously improves the welfare security system including social insurance
and provident fund that enables employees to have no worries about the future.Rate of employment Rate of social security Attainment rate of
contract signing 100% insurance coverage 100% occupational health and
safety education 100%
Rate of physical Rate of employees attending Rate of employee training
examination and health file the labor union 100% coverage 100%
coverage 100%
Highlight performance of welfare system
The Company provides employees with The Company provides housing for
physical examinations including new e m p l o y e e s ( e m p l o y e e d o r m i to r y
employee physical examination annual sta n d a r d d o u b l e r o o m sta n d a r d
physical examination occupational single room couple's room or suite
disease examination etc. and pays according to different posts and ranks)
supplementary commercial insurance Health security Housing and provides a certain amount of rent
and mutual medical assistance for the subsidy for qualified employees
physically impaired
The Company provides free shuttle
The Company strictly implements buses corresponding subsidies
applicable policies and regulations to PTO and Transportation for self-provided cars that meet ensure the days-off and vacation days holidays the conditions of public use and
of employees and provides employees vehicle subsidies for qualified
with corresponding benefits for company managers
birthdays holidays and job anniversaries
The Company also helps employees Life Dining The Company provides an internal
with respect to issues of settlement and assistance restaurant with abundant dishes
school entrance for children and provides a n d r e a s o n a b l e p r i c e s a n d
assistance for needy employees frontline staff may also enjoy a meal
allowance
Highlight measures of welfare system
62Equal Communication
In order to listen to the employees and understand their needs and demands and ensure practical and effective
corporate governance Hengyi Petrochemical has developed several communication channels such as Rational
Proposals General Manager’s Mail Box and an official WeChat account. The Company creates an opportunity for
employees to express opinions and participate in management and encourages them for candid communication.Case: Launching a New Media Platform and Conducting an Engagement Survey
In 2021 Hengyi Petrochemical launched a new media consulting and service platform called HyRabbit
dedicated for a Hengyi employees. The platform sets up an Employee Mailbox to facilitate information feedback
for primary-level employees.In order to continuously and efficiently
hear the opinions of the primary-level
employees Hengyi Petrochemical organizes
the engagement survey on an annual basis
covering all ranks of employees. And the
employees actively participate in and provide
feedback in the survey. In 2021 survey
proposals were collected from employees
in terms of compensation and benefits
accommodation primary-level management
holiday and various mechanisms. After the
survey all entities took concrete actions
to show care for employees and actively
implemented their proposals to effectively
safeguard their enthusiasm.Hengyi Petrochemical "HyRabbit"
63Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Career Development
Hengyi Petrochemical always adheres to the people-oriented principle and advocates the employee concept
of "joint creation and sharing and joyful development". Hengyi Petrochemical values talent introduction and
cultivation and optimizes the organizational structure of employees to attract high-potential and diversified
professionals. The Company also constantly improves career development to build a platform for employee growth.Structure Optimization
During the reporting period Hengyi Petrochemical effectively boosted the reform and optimization of human
resources around the standardization of organizational structure and key post allocation. The Company also
promoted the turnover of management technical team and strengthened management technician team building to
provide strong human resources guarantee for corporate transformation and upgrading.Case: Promoting the Organizational Structure Adjustment for Unified Management
During the reporting period Hengyi Petrochemical accelerated the organizational structure adjustment in the
polyester sector to achieve standardized and unified management. The Company developed the principles for
setting up departments workshops and sections in polyester factories according to the business scale to promote
centralized management of electromechanical instruments and professional coordination.By the end of the reporting period Hengyi Petrochemical had completed the structural adjustment of Haining New
Materials and Fujian Yijin and set up storage and transportation departments in Shaoxing Hengming and Suqian Yida.The Company has also effectively implemented the relevant organizational structure adjustment in most factories.Case: Clarifying the Management Relations to Empower the Orderly Turnover of MTO Teams
To streamline the management level and clarify management relations during the reporting period Hengyi Petrochemical
channeled great efforts into the staffing standards for management and technology positions to enhance the overall
strength of management (M) technology (T) and operation (O) teams. Clarifying the positioning of MTO teams not only
helps to streamline management relations and strengthen the technical strength but also can effectively increase career
development channels boost the orderly turnover of MTO teams and promote their transformation and upgrading.By the end of the reporting period Hengyi Petrochemical completed the job name and sequence switching of 337
employees in all polyester factories. The Company switched the positions of 62 assistant directors and 102 deputy
leaders/assistants. It also ensured that the promotion system of all entities is under strict staffing control.
64Employee Training
Hengyi Petrochemical values the cultivation of diversified talents and provides training and learning resources for
employees. Focusing on development planning the Company effectively introduces and reserves talents and launches
team learning programs to empower the sustainable development of employee career. During the reporting period
Hengyi Petrochemical customized learning programs in its corporate university -- Hengyi University to satisfy the
demand for corporate development and employee growth and achieve win-win cooperation.Case: Diversified Training System Helps All-round Employee Growth
Hengyi Petrochemical always values personnel training and development and makes full use of abundant internal
and external studying resources based on its training carrier to promote the cultivation of talents and the growth
of the business team thereby building an ecological supply chain for talents. In 2021 basing its personnel training
more on actual operation and business needs Hengyi Petrochemical flexibly implemented various programs both
online and offline. Brand programs such as the Dandelion Program were carried out to build a resource pool for the
internalization and inheritance of Hengyi knowledge.New Blue Talent Training Program
As the core project of the Company’s talent reserve and future talent training it enables new college students to
quickly become outstanding Hengyi people through systematic training. During the reporting period the New Blue
Program introduced and trained nearly 160 college students and its training content covered the topics of induction
training internship in factory tutor instruction business adaptation and periodic retraining.Middle-level Promotion Program
The Middle-level Promotion Program is intended to empower incumbent middle-level management by introducing
related instruments and methods based on the actual business and teams of functional departments and
subsidiaries. During the reporting period the Middle-level Promotion Program was carried out through training on
talent identification and employment management instruments and self-management for key echelons such as
logistics R&D and functional headquarters.Middle and High Level Focus Program
The Middle and High Level Focus Program was carried out around the Double Carbon Target policy and internal cost
reduction and efficiency improvement online for the first time. Middle and high level managers were organized to
innovate and work out solutions from the perspective of actual operation.Dandelion Program to Promote Knowledge Productivity
The Dandelion Program plans to vigorously conduct training of internal trainers and the construction of a
standardized curriculum system. Through course development knowledge accumulation and practical operation
shooting more than 30 certified lecturers were trained and more than 30 courses were certified in 2021.Industrial Technology Lectures
Internal and external industrial technology resources are integrated for learning and exchange. During the reporting
period external experts were invited to give series industry lectures on process technology technology frontier
industry trends etc. to continuously help the industry upgrade.
65Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Middle-level Promotion Program
Middle and High Level Focus Program
Key Performance
Hengyi University Network School has been in operation for four years. There are currently 5348
online students and a cumulative online learning time of 36847 hours. The Company has developed
and designed 195 copyright courses purchased 340 external excellent courses and created 64
special learning projects for employees at all levels covering technical lectures production specialties
general capabilities and professional knowledge.In addition through product knowledge sales case development and sales case contest sales product
courses sales typical cases and case courses have been produced. The Company trains sales experts into
internal lecturers and supports the improvement of sales personnel training system and business ability.
66Skill Recognition
Since 2020 Hengyi Petrochemical has independently carried out the assessment of vocational skill level
recognition. The Company pays attention to professional theoretical knowledge and closely combines with job
requirements and actual production and operation. Equal importance is attached to theoretical knowledge and
practical skills as well as work performance professional ethics and craftsmanship.Case: Expanding the Scope of Skill Recognition and Issuing Skill Level Badges
In April 2021 on the basis of original skill recognition Hengyi Petrochemical applied for the level recognition
examination qualification of fitter and instrument maintenance workers to expand the scope of skill recognition.In November the Company customized and awarded skill level badges based on internal skill level recognition.This is another crucial step after it was shortlisted in the first batch of vocational skill level recognition
institutions in Xiaoshan District. These badges issued in combination with internal skill level recognition
effectively enhances the sense of honor of employees and creates a sound learning atmosphere.By the end of the reporting period due to company-wide promotion of vocational skill level recognition a
total of 942 people had passed the national recognition including 36 technicians 351 senior workers 218
intermediate workers and 337 junior workers. Combined with internal skill level recognition a total of 1646
badges for intermediate workers 486 for senior workers and 37 or technicians were awarded.Vocational Skill Recognition Certificate
Skill Level Recognition Badge
67Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Employee Caring
Clinging to cultural concepts including "Staying in Hengyi and building a harmonious home" and "Allow employees
to grow with the enterprise" Hengyi Petrochemical launches a series of abundant employee care campaigns to
create a harmonious atmosphere. This will safeguard both physical and mental health of employees and effectively
enhance their sense of belonging and recognition.Caring for Female Employees
Hengyi Petrochemical practically cares for the physical and mental health of female employees. The Company
develops the labor protection and safety production system for them to ensure their relevant rights and interests
to be effectively protected. During the reporting period Hengyi Petrochemical organized various special lectures
examinations and free clinic activities on an irregular basis to enhance the awareness to pay attention to their
physical and mental health. On each International Women's Day the Company cares for female employees
including sending condolences offering holiday benefits and holding interesting activities such as floral DIY to
enhance the happiness of female employees in their work and life.Floral DIY
Blessings on International Women's Day
68Caring for Disabled Employees
In active response to the national call for poverty alleviation Hengyi Petrochemical provides more disabled persons
with job offers. The Company has employed more than 600 disabled workers. Hengyi Petrochemical designates May
as the service month for the disabled to further care for vulnerable groups. By organizing series activities to help the
disabled and various healthy cultural and sports events from time to time the Company facilitates their emotional
communication and expression of demands and enriches their spiritual and cultural life.Activities to care for the disabled
69Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Care for Physical and Mental Health
The physical and mental health of employees is the driver for corporate development. Hengyi Petrochemical
earnestly cares for the physical and mental health of employees. A multitude of measures are adopted to make
employees assured at work and life.Organizing new and old
employees and staff Setting up a Health Room
involved in special types equipped with common
of work for physical drugs in the office space
examination Health care
measures for
employees Providing health
Organizing health
monitoring instruments
management activities such
such as blood pressure
as health lectures and free
meter to production
clinics from time to time
workshops
Case: S trengthening the Awareness of Health Management and Expanding the Coverage of
Physical Examination
During the reporting period Hengyi Petrochemical paid more attention to the health management of
employees. The Company extended physical examination to primary-level managers and employees. On-site
physical examination allows employees to know their health status in the Company. Online health lectures and
report interpretation activities were also carried out to build a safety shield for employee health.Physical examination for employees
70Recreational sports and group activities are arranged for enriching the spiritual and cultural life. This can allow
employees to sense the care and warmth of Hengyi Petrochemical and work more happily. While enhancing
physical constitution these events further reinforce the cohesion and centripetal force within the Company.Employee track meet "Hengyi Cup" Basketball League
Care for Employee Family
Hengyi Petrochemical also cares for the families of employees and the growth of their children. During the reporting
period activities such as condolences for employees' family members on holidays and summer art camps for their
children were held to express care for employees.Case: Caring for Employee Family to Pass on Corporate Warmth
In order to express appreciation the family members of excellent employees at work during the Spring Festival for
their support and contribution Hengyi Petrochemical sent Hengyi letters to them. The paper is too short to describe
my feelings. These letters bear the missing sustenance and gratitude of every employee and his/her family.In addition in order to better care for the growth of next generation Hengyi Petrochemical organized summer art
camps for children of employees allowing employees to work without any worry.Hengyi letters to employee families Summer art camp for children of Hengyi employees
71Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Contribution to Society
Hengyi Petrochemical faithfully fulfills its corporate social responsibility and
always practices a high sense of social responsibility and good corporate ethics.The Company actively participates in social activities such as education and
poverty alleviation COVID-19 prevention and control to enhance social happiness.Education Support 74
Pandemic Prevention and Control 75公司与员工
截止到2020年12月31日，公司在职员工21398人，其中，生产人员16739人，销售人员562人，技术人员
2404人，财务人员179人，管理人员1514人；博士研究生30人，硕士研究生497人，本科5882人，大专
6333人，高中或中专5101人，初中及以下3555。
7273Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Education Support
The study path of young people has always been the focus of Hengyi Petrochemical’s public welfare. The
Company fully supports education development and tried our best in poverty alleviation through education. It
provides assistance to the construction of Hope Primary School to boost cooperation between the east and the
west and help education development with action.Case: Providing Assistance to the Construction Hope Primary School to Promote Cooperation
between the East and the West
To promote the cooperation between the east and the west and increase support for education Hengyi
Petrochemical signed a donation agreement of RMB30 million in August 2020 to support the construction
of Hongde Hope Primary School in Hongsibu District Wuzhong City Ningxia Hui Autonomous Region.The donation will be made in batches according to the progress of the project. By the end of the reporting
period the Company had donated a total of RMB 21 million.Hongde Hope Primary School plans to cover a total land area of 26704.4 m2 and a total construction area
of 8054.09 m2. Hongde Hope Primary School has been fully completed and opened in September 2021
where 219 immigrant students will grow and study here.This donation for poverty alleviation actively responds to the national call. It not only conforms to Hengyi
Petrochemical’s requirement for actively fulfilling its social responsibility but also helps improve the local
quality of education and living standard. The Company helps Hongsibu District solidly promote the effective
connection between consolidating and expanding poverty alleviation results and rural revitalization
striving to fulfill the important task of creating a national enhancement demonstration zone for relocated
immigrants in the new era.
74Pandemic Prevention and Control
In order to implement the important measures of the CPC Central Committee on the prevention and control of COVID-19
pandemic Hengyi Petrochemical makes every effort into normalized prevention and control by promoting COVID-19
vaccination in an orderly manner and carrying out internal and external prevention work in special periods.Case: Promoting Vaccination to Resist COVID-19 Together
COVID-19 vaccination is an important action to implement the CPC Central Committee’s prevention and
control work. On the basis of being informed consent and voluntariness the Company promotes COVID-19
vaccination in an orderly manner to effectively raise the vaccination rate. This can form a crowd immune
barrier as soon as possible to ensure the health life safety and production order of employees.By the end of the reporting period subsidiaries such as Hangzhou Yijing Hengyi Polymer Heingyi Chemical
Fiber and Yisheng Petrochemical actively implemented COVID-19 vaccination in batches to build an
immune barrier with practical action together.COVID-19 vaccination site
75Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
Case: Building a Defense Line against COVID-19 with Multiple Measures
In order to further prevent and control the COVID-19 in December 2021 the Pandemic Prevention and Control Leading
Group released the Notice on Better Ensuring COVID-19 Prevention and Control according to the provincial and
municipal work arrangements for stricter prevention and control requiring all entities and employees to jointly build a
strong defense line against COVID-19.In the nucleic acid detection subsidiaries of the Company were in active response to the call and formed a vanguard
of COVID-19 prevention and control to assist medical staff in guiding employees to collect and upload information. The
nucleic acid test becomes more smoother.Party members and security personnel were also on duty
with masks to check body temperature health code and
correctly wore mask of inbound visitors. Persons who
do not work at Hengyi were required to register personal
information such as name and telephone number to
ensure traceability in case of any abnormality.All-round high-frequency disinfection were conducted in
public areas such as office space canteen and dormitory
building on a daily basis. The Company also required
for regular indoor ventilation and strict disinfection of
transport vehicles to prevent external pandemic input. The Company's COVID-19 prevention volunteers
Temperature measurement and code scanning Disinfection for COVID-19 prevention and control
for COVID-19 prevention and control
76Indicator Index
Content GRI Standard Index
About This Report GRI 101/GRI 102
Message from the Chairman GRI 102
About Hengyi Petrochemical GRI 102
Building a Dream on an Isolated Island and Develop
GRI 413/GRI 415
Together to Build the Belt and Road Together
Motivating Employees and Sharing Development to
Responsibility GRI 102/GRI 401
Create a Model of Common Prosperity
Practicing the Double Carbon Target to Boost Green
GRI 302/GRI 305
Development
Corporate Governance GRI 102
Governance Escorts the
Compliance Operation GRI 102
Century-old Business
Investor Management /
Focusing on Quality: Promoting High-Quality
GRI 301/GRI 416/GRI 417
Development
Innovation to Enhance the Product R&D: Building an Industry Benchmark GRI 202/GRI 203
Value of the Industry
Digital Innovation: Boosting Intelligent Control GRI 201/GRI 203
Supply Chain Integration: Creating a C2M Closed Loop GRI 203/GRI 204
HSE Management GRI 307/GRI 403
Guaranteeing HSE to Build a Risk Management GRI 403
Green Home Together Safety Production GRI 403
Environmental Protection GRI 301/GRI 303/GRI 306
Employee Rights and Interests GRI 401/GRI 405
Empowering Employees
and Creating a Sustainable Career Development GRI 401/GRI 404/GRI 405
Workplace
Employee Caring GRI 403/GRI 405
Education Support GRI 415
Contribution to Society
Pandemic Prevention and Control GRI 413
Indicator Index GRI 102
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77Hengyi Petrochemical Co. Ltd. 2021 Social Responsibility Report
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Address: Building 3 Hengyi Nan’an Mingzhu 260 North Shixin Road Xiaoshan District Hangzhou City Zhejiang Province
Postal Code:311215
Tel: 0571-83871991
Email: hysh@hengyi.com
78One of the world-class green petrochemical
enterprises respected by society
Social Responsibility Report
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