On the afternoon of March 27, Su Dong, Executive Vice President of the Henan Provincial Petroleum and Chemical Industry Association, led a delegation on a visit to Shenma Shares. Wang Dayong, Executive General Manager of Shenma Shares and Director of the Nylon 6 Products Division, extended a warm welcome to the guests. The two sides engaged in an in-depth discussion on strengthening technological innovation, advancing Shenma Shares toward world-class status, and supporting the transformation and upgrading of Henan’s petrochemical industry.

Liu Zhengliang, Secretary-General of the China Chemical Enterprise Management Association, Guo Xuanzheng, Deputy General Manager of Shenma Shares, and relevant officials from both sides attended the symposium.

During the meeting, two experts successively shared best-practice cases of science-and-technology innovation management from world-class chemical companies. Drawing on numerous successful transformation and development initiatives undertaken by domestic chemical firms, they provided a systematic and comprehensive overview of key areas such as strategic planning, the establishment of innovation systems, efficient project management, and the commercialization and implementation of research outcomes, thereby offering Shenma Shares valuable lessons learned and practical guidance for its own R&D and innovation efforts.

At the symposium, Su Dong stated that the 15th Five-Year Strategic Plan has charted the course and outlined the roadmap for the healthy development of Henan Province’s petrochemical industry. Compared with other provinces and municipalities, Henan faces disadvantages in the costs of traditional production factors such as coal, electricity, and oil and gas. The Provincial Petrochemical Association is accelerating the establishment of a trade and logistics system under the Eight-Province (Autonomous Region) Chemical Industry Alliance to strengthen inter-regional collaboration, remove barriers to resource circulation, and reduce overall logistics costs. As a key chemical enterprise in the province, Shenma Shares must continuously enhance its corporate management capabilities and R&D innovation capacity, expand the application areas of nylon products in downstream markets, and further convert its production capacity advantages into competitive market advantages, thereby leveraging high-quality enterprise development to drive the transformation and upgrading of the province’s entire petrochemical industry.

Wang Dayong expressed his gratitude for the visit and exchange with the Provincial Petrochemical Industry Association, as well as for the specialized lecture. He then provided a detailed overview of the practical measures Shenma Shares has implemented in alignment with the Group’s “Attract East, Go West, and Expand Globally” strategic plan, along with the results achieved to date. He noted that, in the face of severe overcapacity, persistently weak demand, and inverted price relationships between raw materials and finished products—key challenges confronting the industry—Shenma Shares has remained committed to management innovation and technological advancement, deeply cultivating niche markets. By offering differentiated, high-performance, and highly reliable products, the company has enhanced product value and shifted its competitive focus from a “price war” to a “value war.” With a fully integrated industrial chain and diverse production scenarios, Shenma Shares is uniquely positioned to efficiently translate and commercialize innovative breakthroughs. He expressed the hope that the Association will continue to serve as a vital platform connecting research institutions, universities, and enterprises, facilitating the introduction of cutting-edge technologies and the alignment with high-quality resources. Such efforts will help Shenma Shares optimize its production processes, iteratively upgrade its portfolio of high-end products, steadily increase product value-added, and enhance corporate competitiveness, thereby achieving steady, cyclical resilience across industry cycles.

Relevant departments of Shenma Shares, together with heads of certain units within the nylon business segment, put forward suggestions and requests for support to the Provincial Petrochemical Industry Association, based on the company’s actual needs and focusing on areas such as policy communication and interpretation, refinement of industry standards, inter-company communication and collaboration, recruitment of high-end talent, and cross-regional resource integration.