Shandong Hengren Industry & Trade Co., Ltd.

Shandong Hengren Industry & Trade Co., Ltd. was established in October 1996 with a registered capital of 70 million yuan, located in Xinxiu Village, Dongguo Town, Tengzhou City. It is a major agricultural processing enterprise specializing in the production and processing of corn starch, liquid sugar, fine cotton spinning, and comprehensive utilization of by-products, with a current workforce of 1,860 employees. The total assets of the company amount to 613.12.80 million yuan, with a debt-to-asset ratio of 47.89%. It has an annual processing capacity of 1.3 million tons of corn starch, 450,000 tons of liquid sugar, 120,000 spindles of cotton spinning, a power generation and heating capacity of 67,000 kilowatts, a grain storage capacity of 50,000 tons, and a daily wastewater treatment capacity of 6,000 cubic meters and a power generation capacity of 30,000 cubic meters.

A national key industrialization project in agriculture, among the top 500 agricultural enterprises in China in 2020, and the top 50 grain and oil enterprises. A major tax payer in agricultural product processing in Zaozhuang City. The main product, "Hengren" brand corn starch, holds a market share of 3.55%, and was listed as a leading single product in corn product manufacturing by the Ministry of Industry and Information Technology in 2020. Ranked among the top ten industrial enterprises in Zaozhuang City in 2019, a key leading industrial enterprise, and a demonstration enterprise for the Double-Thousand Engineering Technology Transformation in Zaozhuang City. Awarded as a unit of advanced energy conservation and emission reduction in Shandong Province and an advanced unit for environmental protection standards compliance. Recognized by the National Bureau of Statistics as a top 1,000 growing private enterprise, an AA+ credit-rated enterprise, and an A-rated tax-paying enterprise, achieving a cumulative tax payment of 102.7 million yuan from 2016 to 2018. In the challenging situation of 2020, the company achieved a total sales revenue of 2.787 billion yuan, paid 34.1176 million yuan in taxes, and earned a profit of 33.961 million yuan. The revenue and tax increased by 6% and 41% respectively compared to the previous year, reflecting an operating performance growth of 10.23%. Despite reducing profits by 13.1% to ensure salaries, the company achieved positive economic and social benefits, maintained employment, and ensured stability during the downturn. This laid a solid foundation for the company's sustainable development.