Lihuayi Group Co., Ltd. is a large-scale private joint-stock enterprise group with petrochemicals as its core business, integrating pharmaceuticals, textiles and apparel, and import and export trade. It ranks among the top 500 Chinese enterprises and the top 500 Chinese private enterprises, and is a leading enterprise in both the high-end chemical and new materials industrial clusters in Shandong Province.
Since its establishment, the Group has adhered to the development path of oil-to-chemicals, high-end chemicals, and downstream chemicals" and the development model of "integrated refining, chemical, fine chemical, new materials, and new energy, creating well-known brands such as Lijin Refining & Chemical, Weiyuan Chemical (600955), Phoenix Pharmaceutical, and Sanyang Textile, and constructing a core structure of "one major industrial cluster and two major industrial bases": High-end petrochemical industrial cluster: Nine complete industrial chains have been built, including four full industrial chains for PC, ABS, PS, and ASA, covering high-end chemicals such as propane dehydrogenation, propylene oxide, polycarbonate, and engineering plastics, forming a leading domestic integrated industrial system of refining, fine chemicals, new materials, and new energy.
National Modern Traditional Chinese Medicine Industrialization Demonstration Base: Possesses exclusive and distinctive new drugs such as Qizhi Yishen Capsules (a national Class 1.1 innovative drug), Tiandan Tongluo Tablets/Capsules, and Compound Chuanxiong Tablets, making it a significant domestic platform for modern TCM R&D and production.
National Compact Spinning Production Base: A leading compact spinning production base in China, ranking among the top ten most competitive in the national cotton textile industry.
The Group adheres to the core values of "harmony, selflessness, autonomy, and self-awareness," and maintains a four-system management approach encompassing safety, environmental protection, energy, and quality, achieving stable operation of its facilities with long-term, high-load, and high-yield performance. In 2025, the Group's sales revenue exceeded 170 billion yuan, continuously leading the high-quality development of the regional chemical and real economy.
Core Advantages: Full-industry chain integration: Vertically integrated from crude oil processing to high-end new materials and specialty resins, leading the industry in cost, technology, and risk resistance.
High-end Product Matrix: Primarily supplies high-performance materials such as **GPPS, HIPS, PC, ABS, PC/ABS alloys, ASA, and polyoxymethylene (POM),** widely used in automotive, electronics, home appliances, medical, and aerospace industries.
Innovation-Driven: Established the Lihuayi Polymer Materials Research Institute, collaborating deeply with universities and research institutions to independently develop high-end alloys and specialty resins, with many technologies reaching international advanced levels.
Green and Low-Carbon Development: Promoting energy conservation, carbon reduction, clean production, and a circular economy, constructing an inherently safe and environmentally friendly modern chemical industrial park.
Looking to the future, Lihuayi Group, guided by the philosophy of Low-carbon New Materials Setting the Direction, Creating a Shared Future and Leading Development,"** accelerates its development in high-performance engineering plastics, specialty rubbers, and new energy materials, striving to build a world-class high-end chemical and new materials industrial group.
Strengthening the Industrial Chain and Leading the Way in New Quality: A Chronicle of Lihuayi Group's High-Quality Development in 2025
In 2025, facing a complex market environment, Lihuayi Group Co., Ltd. forged ahead against the trend, improving quality and efficiency. Driven by its full industrial chain advantages and technological innovation, it delivered an impressive performance with sales revenue exceeding 170 billion yuan, continuously consolidating its position among China's Top 500 Enterprises and a leading company in Shandong's high-end chemical industry, writing a new chapter in the high-quality development of private chemical enterprises.
Deepening Industrial Chain Cultivation: Integrated Advantages Highlighted, High-End Layout Accelerated
The Group adhered to the "oil-to-chemicals, high-end-to-chemicals" strategy. Throughout the year, its petrochemical units achieved safe, environmentally friendly, long-cycle, and high-load high-quality operation, and the refining sector achieved its "three-year major overhaul" cycle target. During the year, a 100,000-ton/year ASA special engineering resin project was completed, and the construction of an 80,000-ton/year polyoxymethylene (POM) plant was promoted. The four full industrial chains of PC, ABS, PS, and ASA were improved, forming a synergistic pattern of nine high-end industrial chains.
Leveraging the listed platform of Weiyuan Group, the group has strengthened the supply of core products such as styrene, bisphenol A, polycarbonate, and engineering plastics. New materials such as PC/ABS alloys and high-performance PS have been launched in batches, deeply penetrating new sectors such as automotive lightweighting, electronics, humanoid robots, and 6G communications. Technological upgrading projects such as light hydrocarbon catalytic cracking and C4 comprehensive utilization have been put into operation, optimizing raw material structure, reducing energy costs, and continuously enhancing the resilience and competitiveness of the industrial chain.
Innovation-Driven: Technological Breakthroughs and Product Innovation
With the Lihuayi Polymer Materials Research Institute as its core, the group deepens industry-university-research cooperation, independently developing high-end products such as PC/ABS alloys, high-impact polystyrene, and special engineering resins, with many technologies filling domestic gaps. The **“Lihuayi” Chemical Innovation Award** has been established to gather industry wisdom and accelerate the transformation of new materials and low-carbon process achievements.
In the pharmaceutical sector, innovative drugs such as Qizhi Yishen Capsules are steadily expanding in the market; in the textile sector, high-end compact spinning and functional fabrics are being upgraded, with the three major industries advancing synergistically and providing diversified support.
Green and Low-Carbon: Safety as the Foundation for Sustainable Development
The Group strictly adheres to the four systems of safety, environmental protection, quality, and energy, comprehensively promoting energy conservation and carbon reduction, clean production, and intelligent management. Significant progress has been made in equipment energy efficiency benchmarking, waste heat recovery, and VOCs treatment. The Group successfully passed audits for quality, environment, occupational health and safety, and energy management systems, and was recognized as a green factory and an environmentally trustworthy enterprise.
Honor and Responsibility: Industry Leader, Giving Back to Society
In 2025, the Group was selected as one of China's Top 500 Enterprises, China's Top 500 Private Enterprises, Shandong's Top 100 Innovative Private Enterprises, and Top 100 Enterprises in Employment Creation. It also received titles such as Leading Enterprise of Shandong Province's High-end Chemical Industry Cluster and Leading Enterprise of New Materials.
As a regional economic leader, the Group stabilizes and expands employment, drives the industrial chain, and engages in public welfare, contributing to local development and rural revitalization.
Looking Ahead to 2026: Moving Towards the New and High-End
In 2026, Lihua Group will focus on new quality productivity, accelerate the construction of projects such as polyoxymethylene (POM), ethylene propylene rubber (EPR), and high-performance resins, expand its applications in aerospace, low-altitude economy, and new energy, and promote its transformation from a manufacturer to a materials solutions provider.
Standing at a new starting point, Lihua Group will strengthen and extend its industrial chain, lead with innovation, and pursue green and low-carbon development, striving to build a world-class high-end chemical and new materials industrial group and contribute even more to the high-quality development of China's chemical industry.
