On April 7, Wu Xiangdong, Chairman of Jindong Investment Group, VATS Liquor Store, and ZJLD Group, led a team to visit the Wujiang Industrial Park of Hengli Group in Wujiang District, Suzhou. They received a warm welcome from Chen Jianhua, Chairman and President of Hengli Group, and Fan Hongwei, Chairman of Hengli Petrochemical Co., Ltd. Both parties engaged in a cordial exchange.

Hengli Group is an international enterprise that develops a complete industrial chain in refining, petrochemicals, polyester new materials, and textiles. With a workforce of 170,000, the company achieved total revenue of RMB 817.7 billion in 2023, ranking 123rd on the Fortune Global 500 and 3rd among China’s Top 500 Private Enterprises. The group has three publicly listed companies under its umbrella.

During the discussion, Wu Xiangdong shared his entrepreneurial path, and highlighted that Hengli Group stands as a leader among China’s private enterprises and a role model for him. He noted that Hengli Group operates in foundational industries that relate to the national economy and the people’s livelihood, demonstrating dual benefits in driving economic growth and fulfilling social responsibility.

Chen Jianhua expressed his passion for liquor and liquor collection, mentioning his familiarity with businesses like VATS Liquor Store. He highlighted that Jindong Group has adopted a strategy of “being one meter wide and one thousand meters deep” within the liquor industry.

Both parties agreed that their companies have thrived in this prosperous era, which offered entrepreneurs unprecedented environments and opportunities. In the future, they planned to enhance communication and collaboration, improve profit and tax levels, and continue giving back to society.