Established in 1989, the headquarters of Zhejiang Rongsheng Holding Group is located in Hangzhou City, Zhejiang Province, China. Up to present time, Rongsheng Group has become a modern enterprise group with a relatively full range of industrial chain, like petrochemical, petrochemical, real estate, logistics, venture investment, etc. Rongsheng Group now possesses total assets of more than 200 billion RMB, ranking the 143^th place of China’s top 500 enterprises, the 33^th place of China’s top 500 non-government enterprises, and the second place of China’s top 100 non-government petroleum and chemical enterprises, and its sales revenue reaches 205.6 billion RMB in 2018. Rongsheng Group has listed subsidiaries, including Rongsheng Petrochemical, Ningbo Joint Group, etc., the industry of which has involved in petrochemical, real estate and other fields.

Rongsheng is one of the leading private enterprises in the petrochemical industries. For petrochemical and chemical fiber plates, Rongsheng persists “Two-way of Vertical and Horizontal” development strategy, vertically extending its industrial chain to more upriver phases, horizontally producing new products. So far, Rongsheng Group has formed an all-in-one industry chain from refining-chemical, aromatic hydrocarbon, olefins to downstream pure terephthalic acid (PTA), MEG and polyester yarn (POY, FDY, DTY). The green refining-chemical integration project with an annual processing capacity of 40 million tons of crude oil, which is invested by Rongsheng Group in Zhoushan, Zhejiang, will form a world-class, integrated and modern green petrochemical base, and the first phase of the project had been completed by the end of 2019. The aromatic hydrocarbon project of Zhongjin Petrochemical in Ningbo Economic & Technological Development Zone with an annual production capacity of 2 million tons aromatic hydrocarbon had been implemented in 2015, which is leading in the industry. The three production bases of Ningbo, Dalian and Hainan totally have an annual PTA production capacity of 13.5 million tons, and have been planned to exceed 20 million tons in recent years, which is one of the largest PTA manufactures in the world. The polyester and chemical fiber base of Rongsheng’s headquarters in Hangzhou has an annual production capacity of 1.1 million tons, including polyester, spinning and texturing, of which the technologies and equipments ranks the leading level in the country, and the group is planning new projects for differential functional fibers.