A powerful partnership is injecting strong momentum into the company’s growth.

Release Date:

2010-10-20

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Abstract

Since its establishment in 2005, Yinhang Petrochemical has maintained rapid, extraordinary growth. Under its second five-year plan, the company aims to achieve RMB 1 billion in sales revenue and expand production capacity to 200,000 tons, positioning “Yinhang” as a domestically influential brand.

The company’s ambitious goals, its down-to-earth, results-oriented work ethic, and its strong corporate culture have attracted the attention of numerous financial investment institutions. Among them, China Great Wall Asset Management Co., Ltd., a large nationwide financial investment services firm with registered capital of RMB 20 billion, maintains extremely rigorous standards in selecting its partners. On April 16, 2010, the company’s Project Department and its Harbin Office established a five-member joint inspection team, which conducted three rounds of comprehensive due diligence on Yinhang Petrochemical. Following the assessments, the team fully endorsed the company’s development vision, the soundness of its strategic objectives, its business philosophy, its management team, its production technologies, and its profit model. The two sides engaged in in-depth discussions regarding cooperation needs and ultimately reached a strategic agreement to jointly develop a financing platform for Yinhang Petrochemical and support its capacity expansion.
 
On October 11, 2010, a solemn signing ceremony for a strategic financing agreement was held in the conference room on the 12th floor of the office building of the Harbin Branch of China Great Wall Asset Management Company. Zhou Zhongcheng, General Manager of Yinhang Petrochemical, along with Deputy General Manager Zhang Guojun and other senior executives, attended the event. The conclusion of this agreement marks the successful introduction of a strategic partner to Yinhang Petrochemical, ensuring reliable funding for the company’s development and capacity‑expansion projects over the next five years. This powerful collaboration between the two parties will provide strong momentum for Yinhang Petrochemical’s future growth.

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