HLGF(SH:600346) Xin Lang Cai Jing·2025-10-12 09:26Core Insights - Hengli Group has emerged as a significant player in the 2023 Fortune Global 500 list, ranking 81st with a revenue of 817.7 billion yuan, surpassing Huawei [2] - The company operates in the textile industry, transforming raw materials like oil into fibers, fabrics, and ultimately clothing, showcasing a robust manufacturing capability [2][12] Company Background - The founders, Chen Jianhua and Fan Hongwei, started from humble beginnings, with Chen working as a laborer and Fan as an accountant, and built the company from scratch without any significant background or connections [4][10] - The journey began in the 1990s when Chen identified a gap in the silk supply chain and transitioned from labor work to collecting silk directly from farmers, leading to a partnership with Fan [5][8] Business Model and Growth - In 1994, the couple acquired a struggling textile factory, which they revitalized by investing in modern machinery and ensuring timely payment to workers, leading to a turnaround [10][12] - Hengli Group was officially established in 2002 with a vision to integrate the entire supply chain, from oil refining to textile production, thereby reducing dependency on external suppliers [12][14] - The company has achieved significant milestones, including the launch of the world's largest PTA plant in 2017 and the realization of a closed-loop production process by 2020 [12][14] Employment and Economic Impact - Hengli Group employs approximately 170,000 workers, many of whom have developed their skills over years of service, contributing to local economic growth and job creation [14] - The establishment of Hengli has stimulated surrounding industries, creating thousands of additional jobs in logistics, hospitality, and services [14] Company Philosophy - The founders emphasize a focus on manufacturing rather than speculative investments, demonstrating a commitment to hard work and perseverance [16] - Hengli Group's success story reflects the importance of practical, grounded business practices in contributing to China's economic stability, contrasting with the trend of seeking quick wealth [17]