Introduction to Hangzhou Dongheng Petroleum Co., Ltd.

Hangzhou Dongheng Petroleum Co., Ltd. is approved by the Ministry of Commerce to operate refined oil products. It specializes in petrochemical product wholesale, retail, warehousing, import, transportation, cold storage food storage, fruit market operations, real estate development, Private enterprises in hospitals, equity investment, logistics and other businesses. The company is located in the beautiful and rich "Paradise on Earth" Hangzhou City. It was established in 1998. After 15 years of development, with the strong support, care and love of governments at all levels and brother enterprises, the company now has 30 wholly-owned companies, holding companies, and joint-stock companies. There are more than 400 employees, with a total registered capital of 250 million yuan. The company's current net assets reach 2 billion yuan, sales in 2011 reached 7.8 billion yuan, and sales in 2012 reached 8.7 billion yuan. The company has become a domestic enterprise in Zhejiang Province. It is one of the largest private oil companies and one of the top 100 companies in Hangzhou. It is rated as a major taxpayer by the Xiacheng District State Taxation Bureau. The company strives to achieve sales of more than 10 billion yuan and cumulative tax profits of 500 million yuan by the end of the 12th Five-Year Plan.

Dongheng Petroleum Company has 35 gas stations, 22 of which are in operation; the company has 2 oil depots in Hangzhou, with an oil storage capacity of more than 30,000 cubic meters, of which the Kangqiao oil depot is equipped with a 500-ton Two Beijing-Hangzhou canal terminals and a dedicated railway line (relocation); the company owns an oil depot in Shaoxing, equipped with a dedicated railway line from the oil depot to Shaoxing, with an annual oil storage and transfer capacity of nearly 200,000 tons; the company owns Zhapu Reserve in Jiaxing Port Area The second phase of the oil depot (the first phase is 200,000 cubic meters, put into use in 2010; the second phase is 320,000 cubic meters under construction), with a total oil storage capacity of 520,000 cubic meters, and is equipped with a 500-ton inland river terminal (the second phase is 6 (under construction) and a first-class offshore 30,000-ton special terminal open to the outside world; the company is equipped with 20 professional oil tank transport vehicles, with an annual transportation capacity of hundreds of thousands of tons; after the completion of the second phase of the Zhapu project of Dongheng Petroleum Company, it will be realized Sea-river intermodal transportation will further improve the four-pronged oil transportation network of sea transportation, river transportation, highway and railway transportation.

“When the winds and waves break, sometimes the clouds and sails will fly across the sea.” In order to realize the company’s long-term goal of cross-era and cross-industry development, in May 2012, Dongheng Petroleum Company acquired a piece of commercial land. Located in the East New Town of Hangzhou, close to the transportation hub of Hangzhou New East Railway Station, it covers an area of ??about 8.27 acres. The company plans to break ground in May 2013. The building will be named Dongheng Building. Its planned use is for commercial and office use. The total project The investment is about 300 million yuan. The project has a planned construction area of ??about 30,000 square meters and a total of 21 floors (including 19 floors above ground). It is expected to be delivered in October 2014. By then, as the country further intensifies its reform and opening up efforts, Dongheng Petroleum The company will truly realize the leap-forward improvement at multiple levels such as strategy, brand, and management, and the company will usher in new glory.