Core Viewpoint - China Aviation Oil Group is planning a restructuring with another central enterprise, which is currently in the planning stage and requires further procedures and approvals [1][3][4]. Group 1: Company Overview - China Aviation Oil Group, ranked 88th among central enterprises, is the largest aviation fuel procurement, transportation, storage, testing, sales, and refueling service provider in Asia [4]. - The company primarily operates in five major sectors: aviation fuel, petroleum, logistics, international, and general aviation, providing fuel supply services to 258 transportation airports and 454 general airports in China [4]. - It serves 585 global airline customers and offers wholesale, retail, storage, and distribution services for gasoline, diesel, and petrochemical products across 26 provinces and regions [4]. Group 2: Recent Developments - The restructuring is expected not to significantly impact the normal business operations of the company and its subsidiaries [3]. - China Aviation Oil Group holds 51.31% of the issued shares of China Aviation Oil (Singapore) Corporation Limited [3]. - China Aviation Oil Group's subsidiary, China Aviation Oil Group Petroleum Co., Ltd. (referred to as "China Aviation Petroleum"), had previously submitted an IPO application in 2020 but voluntarily withdrew it in January 2024 [4][5]. Group 3: Financial Performance - China Aviation Petroleum reported revenues of 19.984 billion yuan, 15.715 billion yuan, 20.101 billion yuan, and 9.926 billion yuan for the years 2019 to 2021 and the first half of 2022, respectively [6]. - The net profits for the same periods were 283 million yuan, 156 million yuan, 108 million yuan, and 41.9769 million yuan [6]. - The company planned to raise 1.63 billion yuan for the construction of 24 refueling stations, a storage project, and to acquire 82% of the shares of Jin Guo Oil Company [6].
央企重组 大消息
Shang Hai Zheng Quan Bao·2025-11-08 05:52