On March 16, the Hurun Research Institute released the “2020 Hurun Global Self-Made Richest Women List”, which showed that 9 of the top ten were from China. , 3 of them entered the top ten for the first time, and the total wealth of 9 people reached 580 billion yuan. Hurun Report, chairman and chief research officer of Hurun Report, said: “These female entrepreneurs are definitely the most successful women in business in the world. What is remarkable is that China accounts for 9 of the top ten and the entire list. 60% of the total, although China’s population only accounts for 20% of the global population.”
▲”2020 Hurun Global Starting from Scratches” Top Ten Rich Women List Source: Hurun Report
Who are the top ten Chinese rich women?
Among the top ten richest Chinese women, one comes from our chemical fiber industry. She is Fan Hongwei of Hengli Petrochemical, tied for sixth place on the list with a wealth of 53 billion.
Data map: Fan Hongwei. Picture source: Hengli Group
Hengli Group was founded in 1994. It has four main businesses: petrochemicals, new polyester materials, real estate and weaving. It also includes thermoelectricity, machinery, Financial, hotel and other diversified development enterprises. The group owns one of the PTA factories with the largest monomer production capacity in the world, one of the largest super-bright yarn and industrial yarn production bases in the world, and one of the largest weaving companies in the world.
Due to the downturn in the entire capital market last year, the operations of many listed companies are not optimistic. However, Hengli Petrochemical Co., Ltd. (hereinafter referred to as “Hengli Petrochemical Co., Ltd.”) released its 2019 performance forecast on the evening of January 17, predicting that the company’s net profit for 2019 would be 10.900 billion yuan, compared with 3.323 billion yuan in the same period last year, a year-on-year increase 228.06%.
Hengli Shares stated that the company’s performance during the reporting period The change is based on the following reasons:
1. During the reporting period, the Hengli 20 million tons/year refining and chemical integration project wholly owned by the company was launched in the industry in May 2019 It was the first to achieve full-scale production and formal commercial operation of the project. The project has become the main source of the company’s current profit structure and the main driving force for performance growth.
2. During the reporting period, on the one hand, benefiting from the good supply and demand pattern and average price difference level of the PTA industry in 2019, the company’s PTA business profit level increased year-on-year; on the other hand, The company’s polyester chemical fiber business also maintained a relatively stable profit range throughout the year. The company’s original PTA and polyester businesses are operating well, which has further increased the company’s profits.
Hengli Petrochemical Co., Ltd. is a subsidiary of Hengli Group. In recent years, Hengli Group has been based on its main business and adheres to industry. It is an international enterprise developing the entire industry chain of oil refining, petrochemicals, polyester new materials and textiles. Today, the group owns one of the PTA factories with the largest monomer production capacity in the world, one of the largest functional fiber production bases and weaving enterprises in the world, with more than 80,000 employees, a national “Enterprise Technology Center”, corporate competitiveness and product brands. The value ranks among the top in the international industry. In 2019, Hengli jumped to the 181st place among the world’s top 500 companies and the 115th place among the top 500 Asian brands. This is enough for Fan Hongwei to sit back and watch other rich people “move their stools and sit back”. She catches up with a bunch of rich people in the ranking without moving and becomes the queen of the bear market.
Since 2020, Hengli Group has frequently made large investments.
On February 4, a reporter from the Beijing News found that recent investment projects of Hengli Group have blossomed across the country, including a 26 billion yuan investment plan in Guizhou and a 150 billion yuan coal project in Shaanxi. The entire chemical industry chain project, the 23 billion yuan Hengli Fashion Industrial Park in Jiangsu, and the 82 billion yuan petrochemical midstream and downstream and new materials projects in Guangdong.
Preliminary calculations show that the funds involved in the above four major projects Hengli Group plans to invest have reached 281 billion yuan.
On the evening of March 17, Hengli Petrochemical issued a buyback plan announcement. The disclosure showed that the company will use its own funds of no more than 1 billion yuan and no less than 500 million yuan. Repurchase company shares at a price not exceeding 13.00 yuan/share.
Hengli Petrochemical stated that based on its firm confidence in future development and full recognition of the company’s investment value, in order to safeguard the interests of the company and shareholders, it plans to implement this share repurchase plan. All the shares repurchased this time are planned to be used to implement employee stock ownership plans and equity incentives to further improve the company’s long-term incentive mechanism.
Recently, the panic caused by the new coronavirus epidemic has caused volatility in the global capital market. Under the current domestic and foreign market conditions, Hengli Petrochemical launched a large-scale share repurchase plan and spontaneously joined the “A-share defense war”, which attracted widespread market attention.
In October 2018, Hengli Petrochemical launched its first share repurchase plan, and the repurchase was completed in November 2019. The cumulative number of repurchased shares accounted for 1.26% of the company’s total share capital. The total amount of repurchases exceeded 1.2 billion yuan. After four months, Hengli Petrochemical has once again launched such a large-scale repurchase plan, which fully demonstrates that the management of the listed company hasIt also further demonstrates that listed companies continue to fulfill their market responsibilities to all shareholders, especially small and medium-sized shareholders, and continue to promote the reasonable return, maintenance and guarantee of the company’s investment value with practical actions. interests of all shareholders.
Since the “Hengli 20 million tons/year refining and chemical integration project” achieved full production and commercial operation in May 2019, Hengli Petrochemical has once again embarked on the fast lane of development . At present, the world’s largest 1.5 million tons/year ethylene project invested and constructed by Hengli Petrochemical has entered the trial production stage and will produce various high-end products such as ethylene glycol, styrene, polypropylene, high-density polyethylene, and butadiene that are in short supply in China. chemicals, thereby enhancing the deep processing capabilities and product added value of Hengli Refining and Chemical Projects.
In addition, Hengli’s 5 million tons/year PTA project, 1.35 million tons/year multi-functional high-quality new textile material project and 200,000 tons/year high-performance automotive industrial yarn technological transformation Other key projects are also being advanced rapidly. After all the above-mentioned new projects reach production, Hengli Petrochemical is expected to achieve an output value of 300 billion yuan and profits and taxes of 65 billion yuan.
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