From Production to Sustainability: The Evolution of Zhink Group, Parent Company of Wankai New Materials

Three Decades of Growth: From Textile Roots to Advanced Materials

Zhink Group's journey began in 1992 with a modest textile operation featuring just two weaving machines. Early on, the group demonstrated a keen ability to anticipate market trends, gradually expanding into technical upgrades and industrial diversification. By the early 2000s, the company embarked on large-scale expansion and strategically entered the polyester and PET materials sector, creating a dual-core business structure combining textiles and new materials.

In 2008, Wankai New Materials was established as a subsidiary dedicated to the research, production, and global sales of bottle-grade PET. Through continuous technological innovation and capacity expansion, Wankai New Materials now operates 3 million tons of bottle-grade polyester production capacity, serving over 100 countries and regions, and has become a leading force in China's PET industry. In 2022, Wankai New Materials went public on the Shenzhen Stock Exchange (stock code 301216), marking a new phase in capital-driven growth.

By the first three quarters of 2025, Wankai achieved CNY 12.436 billion in total revenue with a net profit of CNY 77.59 million, reflecting scale advantages, product optimization, and cost management efficiency. With overseas capacity expansion, technology upgrades, and higher-value products, profitability is expected to continue increasing.

Building Sustainable Competitiveness

Zhink Group has demonstrated how sustainable competitiveness can be developed in private manufacturing. By consistently investing in R&D, the group transforms technological advantage into product performance, while scale production reduces costs and strengthens market influence.

The group also integrates social responsibility into industrial development. For example, Sichuan Zhendakai New Materials Co., Ltd., a wholly-owned subsidiary of Zhink Group, is investing approximately CNY 23 billion in the Dazhou Puguang Industrial Park, building a modern advanced manufacturing industrial park. This project addresses regional industrial gaps and is expected to directly employ over 1,000 people and create around 8,000 indirect jobs, highlighting the intersection of industrial development and social impact.

By leveraging local natural gas resources alongside technical expertise, the project demonstrates a strategic match between regional endowment and industrial capability, optimizing production cost and resource utilization while fulfilling social responsibility.

Global Collaboration and Industrial Integration

Zhink Group also emphasizes international partnerships to accelerate technology adoption and industrial upgrading. On November 17, 2025, BASF China and Sichuan Zhenda Kai New Materials signed a memorandum of understanding to collaborate on plastic recycling and fine chemical applications of natural gas.

Such partnerships reflect a strategic approach to high-barrier, long-chain industries, where single companies face challenges in achieving full value-chain breakthroughs. By combining global technology leadership with localized production and market channels, the collaboration enhances product development, industrial innovation, and regional ecosystem integration—an example of  "1+1>2"  industrial synergy.

Private Enterprises Driving High-Quality Development

Zhink Group's trajectory—from regional industrial leader to global benchmark—highlights the role of private enterprises in China's advanced materials sector. By maintaining a clear development roadmap, deepening full-chain industrial capabilities, and continuously investing in technology and global integration, the group strengthens its current market position while preparing for future growth.

Recent visits by academic delegations, including Hong Kong Chinese University DBA students, emphasized the group's technical capabilities, strategic vision, and industrial responsibility, showcasing how private enterprises can simultaneously achieve industrial excellence and societal impact.

In an era of green transformation and industrial upgrading, Zhink Group illustrates a sustainable path where technological innovation, industrial integration, global collaboration, and social responsibility converge, offering a model for private manufacturers seeking long-term value and global competitiveness.