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In 2020, Shenghong Group officially is ranked 455th in the "Global 500", 111th in the "Top 500 enterprises in China", 22nd in the “top 500 private enterprises in China" and 13th in the “China's top 500 private manufacturing industry.
 
Shenghong's vigorous development has been recognized by all levels of departments, and has successively won the honors of "national technology innovation demonstration enterprise", "national advanced unit of circular economy", "key high-tech enterprise of national Torch Plan", "National Science and Technology Progress Award", "China Industrial award award" and "yuanbaohua enterprise management Gold Award".
 
BELT and ROAD strategy, and Jiangsu coastal development are currently being firmly pursued by Shenghong. Relying on the new growth pole of the petrochemical industry, we should accelerate the modernization and internationalization process, promote the structural adjustment and industrial transformation and upgrading of enterprises, and take the solid position of the top priority in the development of Chinese private enterprises.
 
Creating a New Pattern of Diversified Development with Unique Ways and Developing Slowly
 
Founded and developed in Shengze, the development of Shenghong has the advantage of first development; Adhering to the development idea of daring to be the first, seizing the commanding point of industrial development in the future and mastering core technology, Shenghong's rise has obtained the "acceleration" of curve surpassing. Starting from the printing and dyeing industry in the downstream, Shenghong has a unique way to climb to the upstream of the industrial chain, forming an industrial cluster with coordinated development in the upstream and downstream. Each major business segment is in the leading position in the industry.
 
Through merger, leasing, cooperative operation, Shenghong printing and dyeing has 21 branches with annual processing capacity of about 3 billion meters, with the capacity ranking the top in the world. Adhering to the development strategy of "one factory, one product", Shenghong has accurately positioned each branch, forming a specialized, scale and standardized production pattern. The product quality, product grade and added value are far ahead of the industry. The developed digital machine printing has been selected into the national key new product list. At present, the scale development has gradually moved forward to high-quality development. The transformation of printing and dyeing industry is to develop from the traditional processing and manufacturing mode with low cost labor force, high energy consumption and low added value to the intelligent manufacturing mode with high technology content, high product quality and high added value.
 
In 2003, Shenghong entered the chemical fiber industry. Adhering to the idea of "no repeated construction, no conventional products, no conventional production technology", Shenghong chemical fiber root planting dislocation competition strategy, mainly focuses on the development and production of superfine fiber and differential functional fiber, effectively avoids the market competition of conventional chemical fiber products, and has a complete independent intellectual property right and world-leading renewable PTT polyester and fiber industry chain. At present, the total capacity of Shenghong chemical fiber reaches 2.3 million tons / year, and the product differentiation rate reaches 90%, which is known as "global differential fiber expert".
 
In 2010, Shenghong actively extended the industrial chain, and built a new petrochemical industry cluster area from Shengze north to Lianyungang, relying on port advantages, location advantages and industrial advantages. The project is located in the National East West Regional Cooperation Demonstration Zone (Xuwei new area, Lianyungang City, Jiangsu Province). The industrial park is planned to cover an area of about 15 square kilometers, integrating production research and development, logistics supporting functi