Early Life
Miao Hangen was born in 1965. His journey to becoming a billionaire entrepreneur is a testament to his ambition and strategic acumen.
Rise to Success
Miao Hangen's career began with astute investments and leadership. In 1992, he took over the Shenghong sand washing plant, which became the foundation for Shenghong Group. He transformed the company into an innovative high-tech group engaged in petrochemical, textile, and energy industries. Shenghong Group has been recognized as a national technology innovation demonstration enterprise. Under his leadership, the group broke ground on a $4.2 billion plant for energy storage system batteries in Zhangjiagang, Jiangsu in July 2023.
Key Business Strategies
Miao Hangen chairs Eastern Shenghong, a Shenzhen-listed petrochemical and new material firm. His leadership focuses on technological innovation, adapting to changing market dynamics, and driving the company toward innovation. He emphasizes high-quality development, technological innovation, green and low-carbon practices, and digital transformation. Shenghong Holding Group was selected for the 2024 Fortune China ESG Impact List.
Philanthropy
Beyond his business ventures, Miao Hangen is recognized for his philanthropic efforts, though specific amounts are not readily available. He has established foundations focusing on education, healthcare, and poverty alleviation.
