Headquartered in the Xiaoshan District of Hangzhou, Zhejiang Rongsheng Holding Group was founded in 1989. It has since evolved into a modern enterprise group with diversified operations spanning petrochemicals, polyester, real estate, logistics, and venture capital. The Group ranks 115th on the Fortune Global 500, 32nd among the Top 500 Chinese Enterprises, and 7th among the Top 500 Chinese Private Enterprises. Its portfolio includes publicly listed companies such as Rongsheng Petrochemical (stock code: 002493) and Ningbo United (stock code: 600051), with listed business segments covering petrochemicals and real estate.
In the petrochemical sector, Rongsheng pursues a "vertical and horizontal" development strategy. The Group has established a comprehensive industrial chain—from oil refining, aromatics, and olefins to downstream products like purified terephthalic acid (PTA) and polyester (including PET chips, films, and fibers). Its subsidiary, Zhejiang Petrochemical—located at the Zhoushan Green Petrochemical Base—operates an integrated refining and chemical complex with an annual capacity of 40 million tons. The aromatics project under Zhongjin Petrochemical, situated in the Ningbo Petrochemical Economic and Technological Development Zone, has an annual capacity of 2 million tons. Furthermore, the Group’s PTA production bases in Ningbo (Zhejiang), Dalian (Liaoning), and Yangpu (Hainan) boast a combined annual capacity exceeding 20 million tons, offering significant competitive advantages in terms of investment costs, technology, and unit consumption. The polyester fiber base at the Group’s Hangzhou headquarters has an annual capacity of 1.6 million tons. Rongsheng also operates production facilities for polyester chips and films, and is currently developing several high-end petrochemical new material projects.
While deepening its focus on the petrochemical sector, the Group has expanded into areas such as real estate and venture capital, establishing a business structure anchored in its core industry with a measured approach to diversification.
In the real estate sector, Rongsheng operates through two primary divisions—Ningbo United and Shengyuan Real Estate—integrating property development with cultural and leisure industries. The company has successfully delivered landmark projects such as "Xianghu No. 1" and the "Butterfly Lovers (Liangzhu) Cultural Park," carving out a unique development path tailored to its own strengths.
In the realm of financial investment, Rongsheng is active in financial institutions, private equity, and capital market investments. It has also pursued strategic investments in sectors including new chemical materials, new energy, information technology, and high-end manufacturing, achieving notable results.
While driving investment and growth, the Group has consistently upheld the core philosophy of "building the business on integrity and pursuing excellence." By continuously strengthening internal management—through the comprehensive implementation of institutional innovation and the development of a robust corporate culture—the Group has enhanced its overall governance and control capabilities. This commitment has earned the company numerous accolades, including being recognized as an "Advanced Enterprise in Implementing the Excellence Performance Model" at the national level and a "Demonstration Enterprise for Management Innovation" in Zhejiang Province. Furthermore, Rongsheng has successfully cultivated a strong brand identity, earning a place on the list of the world’s most valuable chemical brands for several consecutive years.
Over the years, the Group has remained committed to a development strategy characterized by an "integrated value chain, innovation-driven approach, and green practices." It has established a suite of scientific and technological innovation platforms—including a corporate research institute, a technical innovation center, an academician-expert workstation, and a postdoctoral research station—while forging partnerships with numerous universities and research institutions. Powered by a dual-engine research model that combines "independent R&D" with "open collaboration," the Group has achieved significant breakthroughs in the development of new products and technologies.
While steadfastly pursuing high-quality development, the Group is also dedicated to giving back to society, actively engaging in philanthropic initiatives that promote common prosperity, support healthcare and education, and contribute to urban development.
