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Mr. Wang Yuetao Chairman

Energy is always the key resource for the growth and prosperity of a country’s economy. ZhenHua Oil, since its inception, has been devoting to serving the growing domestic energy demand and to low-carbon development, green energy transition as well as energy cooperation globally. Aligning with China’s energy development strategy, we actively embrace the concept of innovative, coordinated, green, open and shared development, pursue mutually promoting business with domestic and international markets, and diligently build our two-pillar strategy focusing on both oil and natural gas. By seizing new market opportunities with prudent risk management, and by improving quality and efficiency simultaneously, we have attained sustaining growth on core business, optimized global trading structure and successful expansion to natural gas industry. We have achieved an annual sales revenue of over 100 billion RMB and an annual operating production of over 10 million tons of oil. With coordinated business segments of oil and gas exploration & production, trading, storage and logistics, refining, finance and hedging, we have formed an integrated value chain from upstream to downstream. We are leading our own way of high-quality development, highlighting marketization、sustainability and globalization.

Looking forward to the future, ZhenHua Oil will further emphasize its key strategy of ensuring a stable and sustainable growth with better risk management. Aiming at world-class oil and gas companies, we shall continuously keep up with the global trend of energy transition and accelerate the implementation of our innovation-driven strategy. Meanwhile, we are always willing to join hands with business partners both at home and from abroad, to carry out collaboration with mutual benefits, share the progress of development and create a better future together.