Technology services

We are committed to reshaping the energy industry with internet thinking, creating various types of online transaction platforms to serve the whole petrochemical industry chain. We also aim to provide services to customers from various sectors of the energy industry by leveraging our advanced technology to improve the overall efficiency of the industry. Currently, the businesses under our development mainly include energy information services, S2B2C services, supply chain services and other innovative services.

Energy information services

We have launched “mycrudeoil.net” (买原油), “myoilbank.net” and “1chemic.net” (壹化网), providing information services for crude oil, refined petroleum products and petrochemical products, respectively. Leveraging our advantage in the crude oil trading and petrochemical industry, we seek to further open up domestic and foreign crude oil and refined petroleum market through these platforms. We have adopted blockchain technology in providing energy information services with a goal to enhance the transaction security and execution efficiency of oil and petroleum products trading business. See “ — Our C...

S2B2C services

We serve suppliers of refined petroleum products (S), businesses such as service stations (B) and end consumers (C) through the social media/App “xhjiayou.net” (小化加油), which focuses on serving the individual consumers. Based on the consumption data gathered through the social media/App, we aim to leverage the latest technologies in order to enhance and upgrade the process of purchases and sales of refined petroleum products at service stations. For example, we may promote the use of software and hardware including license plate recognition and smart refueling facilities to improve a service st...

Supply chain services

We are committed to providing supply chain management services based on an online-to-offline (O2O) model. We apply big data in the provision of supply chain services with a goal to optimize the petroleum and petrochemical supply chain, by vast amount of data accumulated through offline operations, teams and customers as well as industry experience. Leveraging our petroleum and petrochemical logistics platform, including our website “66yunlian.cn” and other Apps, which together provide information services to all phases of our petroleum and petrochemical logistics chain, including warehousing, ...

Other innovative services

We are also dedicated to the research and development of various other technologies, including artificial intelligence, blockchain, big data and Internet of Things (IoT), all of which are the cornerstone of and provide base technological support to our energy-internet strategy. We intend to apply in our businesses multiple technologies, including financial smart robots, an automation software for financial and accounting system, and blockchain technology, to improve our financial and accounting system and complete certain crude oil transactions. We believe that these technologies will soon be ...

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