Daqing Petrochemical Plays Rejuvenation of Unlisted Business

On May 8, the latest statistical data of Daqing Petrochemical Company showed that 11 unlisted business units achieved total output value of 360 million yuan in the first quarter of this year, an increase of 32% year-on-year. At the same time, the sectors such as engineering and technical services, software development and process control, and production of chemical auxiliaries have all shown vigorous development. This is Daqing Petrochemical's goal of achieving reduction, balance, and profit for the three major phases. It has achieved preliminary results in comprehensively promoting the sustainable and healthy development of unlisted businesses.
In order to further promote the dilemma of diversified business enterprises in solving problems, Daqing Petrochemical set up a leading group to solve the problem of recovery and recovery of unlisted companies, and continuously tapped and stimulated the development vigor of unlisted companies. In March of this year, Daqing Petrochemical issued a new “Implementation Plan for Unlisted Companies to Solve the Problem of Loosing Loss and Turning Losses”, proposing that “intensified, specialized, and integrated direction, accelerate technological innovation, promote corporate restructuring, innovate business mechanisms, and realize a virtuous cycle”. The basic goal of the project is to determine 2010 as the key year for promoting the return of unlisted companies to recovery from losses and losses, and ensure that the deficit level will reach 60% in 2010, and the remaining 40% will also achieve the goal of controlling losses.
Daqing Petrochemical seized the opportunity of the country to boost the economy, strengthened internal and external self-cultivation and two-wheel drive policies, and gave full play to the market's main channel role. Daqing Petrochemical Construction Co., Ltd. possesses first-class qualifications such as general-level petrochemical engineering general contracting and chemical petroleum equipment pipeline installation engineering professional contracting, and has strong construction strength. However, in the past, it relied mainly on internal market maintenance and repair, and the company suffered losses year after year. In 2007, the external market output value. Only 18.95 million yuan, accounting for less than 3% of the total output value. After the introduction of the new policy, the company has braved the market and divided the business into three major systems: general contracting for construction of chemical plants, construction and maintenance of storage stations, and transportation and maintenance of chemical plants in accordance with market demand, and targeted market development. In the first four months of this year, the company implemented an external market output value of 490 million yuan, 98 million yuan more than last year, and completed 98% of the annual plan.

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