NEWS TRENDS

15

2020

-

04

Diversification strategy adjustment has achieved initial results-Venus shares Sichuan Hengzhong equipment and Ya'an Zhonghong energy signing ceremony was successfully held.


On April 9, 2020, Venus shares Sichuan Hengzhong Clean Energy Complete Equipment Manufacturing Co., Ltd. and Ya'an Zhonghong Clean Energy Co., Ltd. on the Lushan Zhonghong LNG Emergency Peak Reserve Project Phase I project 200000 square/day LNG liquefaction plant signing ceremony was held in the high production base. Ya 'an Zhonghong Energy Chairman Ren Tao and the company's main leaders, Venus shares Sichuan Hengzhong Equipment Executive Director Wu Lan, General Manager Sui Jun, Executive Deputy General Manager Luo Guangsheng, Chief Engineer Liu Ge, Deputy Chief Engineer Quan Guoping attended the signing ceremony.

Wu Lan, executive director of Jinxing shares Sichuan Hengzhong Equipment, and Ren Tao, chairman of Ya'an Zhonghong Energy, signed the "Lushan Zhonghong LNG Emergency Peak Reserve Project Equipment Purchase and Sales Contract" on behalf of both parties, and jointly raised a glass to celebrate the successful signing.

The successful signing of this project reflects the initial results of the company's overall strategic adjustment in 2020. Through the company's strategic adjustment, the company has achieved a four-pole customer support composed of large central enterprises such as PetroChina, local state-owned enterprises, private enterprises, and foreign trade. The customer group has laid a solid foundation for the company's sustained and balanced development, at the same time, it marks that the company has formed a diversified product business layout with natural gas purification, crude oil processing, LNG liquefaction device, hydrogen energy equipment, etc., which is another major breakthrough since the company implemented the product and market diversification strategy in 2020.

With new products, new customers, new fields and new opportunities, the successful landing of this project will promote the better and faster development of Venus shares.