Xinhai Group

The Group, founded in March 2000, is a private enterprise group integrating the processing and sales of petrochemical products, domestic and international oil trade, logistics and warehousing. It is the first enterprise in Hebei Province to hold the "dual rights" of imported crude oil usage right and crude oil import right approved by the National Development and Reform Commission and the Ministry of Commerce. The annual primary refining capacity of crude oil is 6 million tons, and the annual production capacity of heavy traffic asphalt is 5 million tons. The company has successfully established a national AAA-level tourist attraction and has been rated by the Ministry of Industry and Information Technology as an "Excellent Scenario for Real-time Safety Risk Monitoring and Emergency Response" unit.
In 2024, the company achieved annual sales of 116 billion yuan and taxes of 17 billion yuan. In 2024, the company ranked 303rd among the "China's Top 500 Enterprises", 82nd among the "China's Top 500 Private Enterprises", 152nd among the "China's Top 500 Manufacturing Enterprises", 55th among the "China's Top 500 Private Manufacturing Enterprises", and 38th among the "Top 500 Chinese Petroleum and Chemical Enterprises by Sales Revenue".
Since 2011, the company has invested a total of 29.6 billion yuan and completed the construction and operation of eight phases of projects. To extend the industrial chain, achieve refining-chemical integration, and accomplish the transformation and upgrading of "oil head and chemical tail", the company has invested a total of 50 billion yuan to build the Hebei Xinhai Chemical New Materials Base project, mainly producing high-end chemical new materials such as aromatics, olefins, butanol and octanol, propylene oxide, polyisobutylene, and MTBE products. The first phase of the project plans to invest 25.4 billion yuan, which started construction in May 2024 and is expected to be put into production in 2026. After all projects are completed, the company's sales revenue is expected to reach 200 billion yuan, with taxes of 30 billion yuan. Meanwhile, Xinhai Holding will also plan to invest 18 billion yuan to build a national strategic reserve and comprehensive chemical warehouse project with a scale of 10 million cubic meters. After completion, it will increase tax revenue by 10 billion yuan and local tax revenue by 2 billion yuan.
Over the years, the company has adhered to the corporate culture of "Virtue, Integrity, Dedication, and Innovation", and persisted in the path of green ecology, leading technology, and sustainable development. In the future, the company will follow the country's new development concepts, promote the construction of the industrial internet, and rely on the advantages of the planned 300,000-ton liquid terminal at the port to build an "oil head and chemical tail" chemical new materials base, contributing to the high-quality development of the region.