Shenzhen Guangju Energy Co., Ltd.
广聚能源
000096
Shenzhen Stock Exchange
Company Profile
As the products operated by the Company are of relatively high threshold and safety requirements, relevant infrastructure and professional management skills are demanded. Especially in today’s market condition where the urban economic structure has been adjusted and relevant qualifications and facilities it owns have highlighted their value. The Company integrates business of refined oil distribution and liquid chemicals storage with qualifications to be engaged in operation of refined oil, liquefied petroleum gas and dangerous chemicals, and construction & operation of gas stations along highways within Guangdong Province, and supported by a terminal with reserve capacity of 35,000 ton designed for petrochemical products (the biggest one in western Shenzhen), the exclusive right to use the 300 meters coastline, a warehouse land of 71,368.5 m2 in Qianhai, 12 gas stations across Guangdong province, 74 storage tanks for liquid chemicals, and the biggest bonded warehouse for liquid chemicals in Shenzhen. Future investment projects of the Company are predicted to be with adequate funds, thanks to its constant stable operation, strict control of financial risks and low liability ratio in a long run.
Full description
Shenzhen Guangju Energy Co., Ltd. (hereinafter the “Company”) was listed on Shenzhen Stock Exchange in July 2000 with A-share issued in the name of “Guangju Energy”and coded 000096. As a state holding listed company with total equity of RMB 528 million, the Company presently has 5 wholly-owned subsidiaries, 1 controlling subsidiary, and 5 funded enterprises. By the end of 2016, the total value of its assets was RMB 2.43 billion, in which RMB 2.282 billionwas attributable to the owner’s equity of the parent company. The Company mainly focuses on wholesale & retail of refined oil, storage of liquid chemicals, trading of chemical goods, and investment in electricity industry etc. Shenzhen Nanshan Petroleum Co., Ltd., one of its wholly-owned subsidiaries, is principally engaged in wholesale & retail of refined oil and fuel oil. It possesses an oil depot with reserve capacity of 25,000 m3and a berth terminal for 5,000 ton vessels. With vehicles loaded with GPS and designated for transportation of dangerous goods, its maximum daily distribution capacity is 800,000 liters for 12 gas stations across Pearl River Delta and eastern Guangdong. Shenzhen Guangju Eastern Petrochemical Storage & Transportation Co., Ltd., another one wholly-owned subsidiary, is located at Mawan Port, Qianhai, Shenzhen, covering a land around 70,000 m2. It possesses 74 storage tanks with total storage capacity of 115,000 m3, including bonded storage capacity of 41,300 m3. And, supported by exclusive right to usethe 300meters coastline, one terminal of 35,000 ton capacity designated for dangerous chemical products and one berth for 5,000 ton vessels, it falls into the A-class open port approved by the State Council. Shenzhen Guangju Industry Co., Ltd., as one of its wholly-owned subsidiaries, serves as the investment platform of the Company and is mainly engaged in securities investment with continuous and stable gains. While Shenzhen Guangju Real Estate Co., Ltd., also one of the wholly-owned subsidiaries, mainly engaged in real estate development and management of leasing of own housings, is currently seeking for external cooperation for development of Shenzhen Qianhai East Coast Garden. Shenzhen Guangju Yida Dangerous Chemicals Storage Co., Ltd., whose 60% share is owned by the Company,is mainly engaged in storage, transportation and trading of dangerous chemicals excluding explosive and radioactive substances, having been approved of operations of variety of dangerous chemicals. Presently, it is actively exploring business mode and developing marketfor the newly launched business. The Company also has investment in liquefied petroleum gas and electricity enterprises. To be specific, it holds 40% equity of Shenzhen Shennan Gas Co., Ltd., which is presently contracted by major shareholder of the Company; 12.22% equity of Shenzhen Nanshan Power Co., Ltd., with investment gains accounted by the equity method; and 6.42% equity of Shenzhen Mawan Power Co., Ltd., which brought stable dividends in recent years. Since its listing, the Companyalways seeks improvement and stability to consolidate its major business. By now, it has secured constant increase in the profitability of its major business. However, due to policy direction and change in market, especially the rapid rise of new energy sector, the growth rate of the Company is apparently inadequate. Therefore, the Company is also initiatively exploring new strategic development planning and locating new business growthpoints, for upgrading and transformation of its overall business structure.