XIIC(SZ:000159)2022-12-05 06:16Group 1: Company Overview - The company focuses on energy trading, real estate, and financial investment, with energy trading as the primary business, accounting for approximately 70% of total revenue [3] - Real estate contributes about 20% to the company's revenue, with ongoing projects in Urumqi and surrounding areas [3] - The company operates in the energy wholesale industry, primarily sourcing refined oil and chemical products for sale to downstream enterprises [3] Group 2: Oil and Gas Operations - The company has invested in oil refining projects in Kyrgyzstan and biodiesel production in Xinjiang, with the biodiesel project costing approximately 177 million RMB [3] - The oil refining plant in Kyrgyzstan completed the installation of the isomerization unit by the end of 2016, with initial production of straight-run gasoline and diesel [3] - The company aims to enhance its oil business profitability by expanding upstream in the oil supply chain, leveraging the abundant oil supply from Central Asian countries [4] Group 3: Real Estate and Financial Services - The real estate segment is managed by subsidiaries International Land and Sinochem Real Estate, with ongoing developments in commercial and residential properties [4] - The company has established a micro-loan company in Kyrgyzstan, focusing on consumer credit, although the scale remains small [4] - As of the end of 2016, the company's public fund management scale was approximately 50 billion RMB [4] Group 4: Financial Performance and Challenges - In 2015, the company generated 12.89 million RMB from leasing gas stations to China Petroleum and 8.25 million RMB from leasing to Xinjiang Mingding Petrochemical [4] - The real estate market in Urumqi faced challenges in 2016, with declining prices and reduced transaction volumes, impacting overall sales performance [5]