XIIC(SZ:000159)2022-12-06 05:26Group 1: Company Overview - Xinjiang International Industrial Co., Ltd. has been involved in the energy industry since 2003, leveraging local resource advantages [3] - The company fully acquired Xinjiang Zhongyou Chemical Group Co., Ltd. in 2010, which has a storage capacity of over 300,000 cubic meters and operates 14 retail gas stations [3] Group 2: Business Operations - The company primarily procures refined oil and chemical products from Sinopec and PetroChina, facing limitations due to a single oil source affecting profit margins [3] - To enhance its oil business, the company is expanding its industrial chain by investing in a biodiesel project in Xinjiang and a crude oil refining plant in Kyrgyzstan [3] Group 3: Project Investments - The biodiesel project has an investment of approximately 177 million yuan, focusing on wastewater treatment facility upgrades and process optimizations, with plans to commence trial operations by July 31 [3] - The Kyrgyzstan crude oil refining project has a total investment of about 250 million yuan, with the installation of the atmospheric pressure unit completed and trial runs initiated [3] Group 4: Real Estate and Trade - In 2016, the real estate business accounted for 20.36% of the company's revenue, serving as a significant supplement to its main operations [4] - The company’s trade activities are primarily centered around oil products, with a trading company established in Kazakhstan to support crude oil procurement for the Kyrgyzstan refinery [4] Group 5: Strategic Focus - The company aims to leverage synergies between its parent and subsidiary companies to enhance business management and ensure the successful launch of new projects while developing domestic oil trade and real estate projects [4]