XIIC(SZ:000159)2022-12-05 05:52Group 1: Company Overview - The company operates in the energy wholesale industry, primarily engaged in the wholesale and retail of refined oil and chemical products [3] - The main suppliers for the oil business are state-owned petroleum and petrochemical enterprises, with a low gross profit margin due to small price differentials in the refined oil market [3] Group 2: Financial Performance - In the first half of 2016, the oil products segment accounted for approximately 70% of the company's total revenue, while the real estate segment contributed about 20% [4] - The company has invested approximately 177 million RMB in a biodiesel project, which is expected to produce 30,000 tons of biodiesel annually [4] Group 3: Project Developments - The company has extended its industrial layout by investing in a biodiesel project in Xinjiang and an oil refining project in Kyrgyzstan [3] - The oil refining project in Kyrgyzstan has completed essential facilities and has obtained local processing and sales permits, with plans for further optimization [3] Group 4: Future Plans - In 2017, the company aims to enhance oil sales revenue and advance real estate development projects [4] - The company plans to expand its small loan business in Kyrgyzstan and eventually apply for a commercial bank license once the small loan operations mature [4]