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Song Dongsheng of Guanghui Energy: As coal, oil, and gas production capacity is unleashed, focus remains on pursuing development. Author/Source: China Coal Resources Network Date: 2019-07-25 Clicks: 15. According to the Shanghai Securities News, since it decided to pursue an energy transition, Guanghui Energy has become the only private company listed on both the Shanghai and Shenzhen stock exchanges that possesses resources in all three areas of coal, oil, and gas. Several energy projects on which the company has invested heavily over more than a decade are now entering a period of yield; the Hongnao Railway, led by the company, began trial operations at the beginning of 2019. The company will also push forward with the construction of the Jiangjunmiao to Naomaohu Railway. According to Song Dongsheng, chairman of Guanghui Energy, the company will rely on its own resources of oil, gas, and coal to pursue a path of green development, low-carbon utilization, and clean growth, while continuously expanding its operations. The industrial structure and asset structure are continuously being adjusted to become more rational. Among these, the company will significantly expand its natural gas business. At present, revenue from the natural gas business accounts for just over half of the total; it is planned to increase this proportion to 70% to 80% through development over 4 to 5 years. The first and second phases of the Qidong LNG receiving station built by the company were put into operation in 2017 and the first half of 2019, respectively. Phase 3 is expected to come online in the first half of 2020, and once operational, the overall processing capacity is projected to reach 3 million tons per year. The company is also preparing the “Sea to River” project, with plans to sell imported natural gas along the Yangtze River. Building on its existing new coal chemical projects, the company will make every effort to carry out technological upgrades and expand its industrial chain downward, developing industries such as fine sulfur chemistry, coal tar hydrogenation, and the production of ethylene glycol from waste gas. It will also promote a circular economy to create a closed-loop system. Building on the trial operation of the Hongnao Railway, the company will also strengthen cooperation in various areas to actively promote the construction of the Jiangjunmiao-Naomaohu Railway. This railway will connect the Lanzhou-Xinjiang and Harbin-Linjiang routes leading out of Xinjiang, serving the Tuha and Zhundong coal mining regions in Xinjiang, and helping to establish a northern route for transporting goods out of Xinjiang at an early date. It is understood that Guanghui Shares (the predecessor of Guanghui Energy) was listed on the Shanghai Stock Exchange in 2000. Starting in 2002, Guanghui Co., Ltd. resolutely carried out industrial structure adjustments and entered the energy sector. In 2012, it successfully transformed into a specialized energy development company. On June 5 of the same year, the company’s securities shorthand was officially changed to Guanghui Energy. At present, Guanghui Energy has developed four main business segments: natural gas liquefaction, coal mining, coal chemical conversion, and oil and gas exploration and development. Its core products include coal, LNG, methanol, and coal tar, with energy logistics serving as a supporting element for these operations. The company’s total assets increased from 23.212 billion yuan at the end of 2012 to 50.067 billion yuan by the end of the first quarter of 2019 ； Net profit increased from 964 million yuan in 2012 to 1.744 billion yuan in 2018, with overall performance reaching a new high in the 18 years since the company’s listing. Song Dongsheng said, “The major shareholder, Guanghui Group, has been ranked among the world’s top 500 companies for three consecutive years since 2017.” Currently, Guanghui Group has embarked on a new journey of third entrepreneurship. As one of the group’s four key business segments, Guanghui Energy will focus on developing clean energy and the downstream industries related to oil and gas, further improving energy logistics, and expanding into downstream markets, with the goal of becoming China’s most dynamic international energy company. ”