On Aug 25, the Heilongjiang Association of Enterprises, Heilongjiang Entrepreneurs Association, and Heilongjiang Industrial and Economic Association released a top 100 company list. Daqing Zhonglan ranked 21st, with operation revenue of 10.4 billion yuan ($1.7 billion) in 2012. It was the second time the company made the list.
The list was approved by the Heilongjiang government. The standards are in line with the Top 500 Chinese Companies and Fortune 500 lists. It is based on 10 indices, including operation revenue, net margin, total assets and owner equity. Daqing Zhonglan has maintained its spot in the list’s top 30 since 2007.
In recent years, the company has insisted on scientific development, accelerating the improvement of its information management and world-class manufacturing. It deepens lean management and promotes upgrading management to optimize production and operation. As a result, economic benefits continue to increase. Daqing Zhonglan has found a healthy and sustainable development road. From 2010-2012, its processing capacity and light oil yield hit record highs several times, with profits exceeding 100 million yuan for three consecutive years and operation revenue breaking 10 billion yuan for the first time in 2012.