Hengyi Petrochemical Co., Ltd. (000703.SZ) is a China-based integrated petrochemical company primarily engaged in the production and sale of petrochemical products and chemical fiber products. The company manufactures refined oil products including gasoline, diesel and jet fuel; basic petrochemical feedstocks such as purified terephthalic acid (PTA), paraxylene (PX), benzene, polyester chips, caprolactam (CPL), polyisoprene alcohol (PIA) and related intermediates; and polyester fibers used in textile, garment, home textile and industrial applications. Founded in 1994 and headquartered in Hangzhou, Zhejiang Province, Hengyi Petrochemical operates principally in China with international sales of chemical fiber products. In recent developments, the company continues to advance its "One Drop of Oil, Two Strands of Fiber" strategy in 2025, focusing on accelerating petrochemical and fiber integration while expanding downstream polyester capacity through multiple unit acquisitions.