On September 11th, the 2024 China Top 500 Enterprises Summit Forum released the list of China's Top 500 Enterprises and other rankings. This year's threshold for inclusion on the list stood at RMB 47.381 billion, an increase of RMB 383 million from the previous year, marking a new milestone in revenue scale.  Satellite Group (STL) ranked 287th with a revenue of RMB 85.951 billion, jumping 31 places from last year. Additionally, Satellite Group, leveraging its outstanding leadership in green development and technological innovation, was also included in the list of China's Top 100 Leading Enterprises in Strategic Emerging Industries for 2024.

STL has maintained the original spirit of "Chemicals make a better life", continuously promoting the development strategy of "building a low-carbon chemical company with new technology materials based on the light hydrocarbons ". The company centers its efforts on premium polyolefins, electronic chemicals, comprehensive hydrogen energy utilization, carbon dioxide capture and conversion, among other pivotal sectors. STL conducts pivotal core technology research and endeavors to broaden the "ecosystem" of new chemical materials.

The company is marching towards the "new," leveraging a new material industrial platform centered on green and low-carbon practices and technological innovation. It accelerates the cultivation of new quality productivity within the enterprise. Oriented by the strategic demands of the country, the company has continuously maintained high-speed growth in innovation investment, building high-level innovation platforms and high-quality innovative talent teams, with R&D investment exceeding 1 billion yuan for three consecutive years. In May of this year, Satellite was the first in the industry to plan and build the future R&D center, focusing on scientific research and industrialization in the field of key strategic materials and cutting-edge new materials, to promote industrial innovation with technological innovation. Relying on the future R&D center project, the company plans to achieve R&D investment of 10 billion yuan in five years, R&D incentives of 1 billion yuan and R&D team of 2,000 people. At the same time, the company's independently developed highly selective zwitterionic alpha olefin technology and high-purity 1-butene technology have been acknowledged by academicians and experts as reaching international advanced standards. This achievement will effectively alleviate China's "cutthroat" competition in the field of high-end polyolefins, new catalysts, high-end lubricants, and other novel materials, thereby fostering the advancement of an independently controllable, safe, and reliable industrial chain.

In the future, STL will continue to plough into the field of new chemical materials, accelerate the realization of new energy, new materials, high-end chemicals and domestic substitution, and continue to promote the development of manufacturing industry to high-end, green and intelligent, and help the construction of the national modernized industrial system.