Founded in 1992, Shenghong Holding Group is an international high-tech industrial group with integrated development of the whole industrial chain of petrochemical refining, new energy, new materials and high-end textiles. In 2023, Shenghong ranked 222nd in the Fortune Global 500, among other rankings. It has also received the following honours issued by the State Council: National Science and Technology Progress Award, China Industry Award, China Textile Light Science and Technology Progress Award, National Technology Innovation Demonstration Enterprise, National Advanced Unit of Circular Economy, National Torch Plan Key High-tech Enterprise, Yuan Baohua Enterprise Management Gold Award.