CNOOC reorganized Shandong Haihua for more than ten years and announced its breakup

Shandong Haihua recently issued an announcement: The company’s controlling shareholder-Shandong Haihua Group Co.

Shandong Haihua recently issued an announcement: The company’s controlling shareholder-Shandong Haihua Group Co.

The joint mixed reform of central enterprises and local state-owned enterprises is one of the most cost-effective reforms, the most effective state-owned capital amplification function, and the most obvious way to maintain and increase the value and increase competitiveness.

Although China National Offshore Oil Refining and Chemical Company believes that “Shandong Haihua Group has been fully supported in many aspects in the past 11 years,” some experts and local officials believe that Shandong Haihua Group has missed the 10-year period of opportunity.

Accused of missing ten years of development opportunitiesAccused of missing ten years of development opportunities

According to the information obtained by the reporter of "Economic Information Daily", in 2007 , Shandong Haihua Group, located in the Binhai Economic Development Zone of Weifang City, Shandong Province , was honored with a scale of 16.

According to the information obtained by the reporter of "Economic Information Daily", in 2007 , Shandong Haihua Group, located in the Binhai Economic Development Zone of Weifang City, Shandong Province , was honored with a scale of 16.

According to the materials provided by CNOOC Refining and Chemical Corporation to reporters, at that time, Shandong Haihua Group's industry competitive advantage was not obvious, the profitability of the company was weak, the asset quality was not high, and the financial status was poor.

In September 2009, CNOOC Refining & Chemical Corporation acquired 51% of the equity of Haihua Group held by Weifang State-owned Assets Supervision and Administration Commission through the transfer of state-owned property rights .

According to information provided by an official of the Weifang Binhai Economic Development Zone Management Committee to this reporter, in 2018 compared with 2008 , the year before the reorganization , Shandong Haihua Group’s total assets shrank by 6.

In Weifang City, Shandong Province, local officials, employees of Shandong Haihua Group, or people in the chemical industry all exclaimed that Shandong Haihua Group has lost ten years of development opportunities.

In this context, the Weifang Municipal Government of Shandong Province has officially planned to regain control of Shandong Haihua Group from CNOOC starting in early 2019 .

Which lasted more than a year, Weifang Municipal Government and CNOOC after several rounds of negotiations this year, 8 Yue 12 days, CNOOC Refining & Chemical Company and Weifang SASAC, China National Salt Industry Group Co.

This year 10 Yue 16 , Shandong Haihua announced that it has received notice of Shandong Haihua Group: SASAC issued the "Shandong Haihua Group Co.

A month later, the Shandong Haihua announced: 11 Yue 13 days, received notice of Shandong Haihua Group, Shandong Haihua Group for completion of industrial and commercial matters on equity transfer registration procedures; Weifang City, Shandong Haihua held by SASAC The Group has 55.

So far, eleven years after being placed under the CNOOC Group system, Shandong Haihua Group's control has returned to its old owner, Weifang City Government, Shandong Province.

There is no shortage of "greatest common divisor" mixed reformThere is no shortage of "greatest common divisor" mixed reform

In a corner of Shandong Haihua Group, the plaque of the "National Enterprise Technology Center" is covered with dust.

In a corner of Shandong Haihua Group, the plaque of the "National Enterprise Technology Center" is covered with dust.
More than two years ago, the "national" laurel of the Shandong Haihua Group Technology Center was announced to be revoked by five ministries including the National Development and Reform Commission.

"Everything stems from the indirect acquisition ten years ago.
" An unnamed staff member of the Shandong Haihua Group Technology Center couldn't help but sigh when facing the reporter.
At the beginning, there were only 10 companies in Shandong Province that were awarded the same batch of "national" enterprise technology centers as Shandong Haihua Group .

"Everything stems from the indirect acquisition ten years ago.
" An unnamed staff member of the Shandong Haihua Group Technology Center couldn't help but sigh when facing the reporter.
At the beginning, there were only 10 companies in Shandong Province that were awarded the same batch of "national" enterprise technology centers as Shandong Haihua Group .

An original business person in charge of the Weifang SASAC told the reporter of the Economic Information Daily that when the CNOOC Group was selected, the local government’s in-depth consideration was to use CNOOC’s crude oil resources and international capital operation platform to develop in Weifang’s "Three Norths" area.
China will extend the marine chemical industry chain, expand the scale of the petrochemical industry, and build an important national heavy chemical industry base.

An original business person in charge of the Weifang SASAC told the reporter of the Economic Information Daily that when the CNOOC Group was selected, the local government’s in-depth consideration was to use CNOOC’s crude oil resources and international capital operation platform to develop in Weifang’s "Three Norths" area.
China will extend the marine chemical industry chain, expand the scale of the petrochemical industry, and build an important national heavy chemical industry base.

"According to the assumption at the time, even if the control rights change, Shandong Haihua Group will still create considerable tax revenue for Weifang City.
It is expected that with CNOOC’s investment in Weifang and the continuous expansion of Shandong Haihua Group’s future scale, it will attract local labor employment and drive In terms of the development of pillar industry clusters, Weifang City can also benefit continuously.
This is a key piece that Weifang has laid out for future development.
" The person in charge said.

"According to the assumption at the time, even if the control rights change, Shandong Haihua Group will still create considerable tax revenue for Weifang City.
It is expected that with CNOOC’s investment in Weifang and the continuous expansion of Shandong Haihua Group’s future scale, it will attract local labor employment and drive In terms of the development of pillar industry clusters, Weifang City can also benefit continuously.
This is a key piece that Weifang has laid out for future development.
" The person in charge said.

A person within CNOOC, who did not wish to be named, said, “In fact, CNOOC also valued the refining assets of Haihua Group.
As one of CNOOC’s most important oil fields, the annual crude oil output of Bohai Oil Field had already exceeded 20 million tons.
However, CNOOC does not have sufficient refining capacity.
Shandong has more than 20 local oil refining companies with an annual production capacity of 30 million tons.
It has huge crude oil digestion capacity, and CNOOC particularly likes it.
"

A person within CNOOC, who did not wish to be named, said, “In fact, CNOOC also valued the refining assets of Haihua Group.
As one of CNOOC’s most important oil fields, the annual crude oil output of Bohai Oil Field had already exceeded 20 million tons.
However, CNOOC does not have sufficient refining capacity.
Shandong has more than 20 local oil refining companies with an annual production capacity of 30 million tons.
It has huge crude oil digestion capacity, and CNOOC particularly likes it.
"

Before the acquisition of Shandong Haihua Group, CNOOC senior officials visited Shandong Haihua Group for many times.
Among the seven companies, they first met Shandong Haihua Group.
After several rounds of negotiations, the two parties formally joined hands.

Before the acquisition of Shandong Haihua Group, CNOOC senior officials visited Shandong Haihua Group for many times.
Among the seven companies, they first met Shandong Haihua Group.
After several rounds of negotiations, the two parties formally joined hands.

Some industry insiders in Shandong told reporters that the restructuring of Shandong Haihua Group by CNOOC and the Weifang Municipal Government was not a “hard match”, but an independent choice based on the market.
The marriage of the two parties has the greatest common divisor of “coordinated development”.

Some industry insiders in Shandong told reporters that the restructuring of Shandong Haihua Group by CNOOC and the Weifang Municipal Government was not a “hard match”, but an independent choice based on the market.
The marriage of the two parties has the greatest common divisor of “coordinated development”.

This "greatest common divisor" is reflected in the "Agreement on the Equity Transfer of Shandong Haihua Group Co.
, Ltd.
" signed by the State-owned Assets Supervision and Administration Commission of Weifang City, Shandong Province and China National Offshore Oil Refining and Chemical Company, and the "About Promotion Cooperation Agreement for the Development of Petrochemical Industry.
According to the agreement, CNOOC Refining and Chemical Company "expands the refining capacity of Haihua Group to 5 million tons per year, and strives to complete the refining and chemical integration project in 2010 ", and "starts the annual transportation from Dongying Port to Shandong Haihua Group as soon as possible.
The 5 million tons of oil pipeline project", "in addition to the oil refining industry, will continue to develop the chemical industry of Shandong Haihua Group, and strive to build Shandong Haihua Group into a world-class chemical enterprise.
"

This "greatest common divisor" is reflected in the "Agreement on the Equity Transfer of Shandong Haihua Group Co.
, Ltd.
" signed by the State-owned Assets Supervision and Administration Commission of Weifang City, Shandong Province and China National Offshore Oil Refining and Chemical Company, and the "About Promotion Cooperation Agreement for the Development of Petrochemical Industry.
According to the agreement, CNOOC Refining and Chemical Company "expands the refining capacity of Haihua Group to 5 million tons per year, and strives to complete the refining and chemical integration project in 2010 ", and "starts the annual transportation from Dongying Port to Shandong Haihua Group as soon as possible.
The 5 million tons of oil pipeline project", "in addition to the oil refining industry, will continue to develop the chemical industry of Shandong Haihua Group, and strive to build Shandong Haihua Group into a world-class chemical enterprise.
"

However, "a dream of Yangzhou in ten years.
" When waking up from the dream, Shandong Haihua Group was already in a marginalized position.

However, "a dream of Yangzhou in ten years.
" When waking up from the dream, Shandong Haihua Group was already in a marginalized position.

"Petrochemical and Salinization Integration" finally becomes a dead letter

"Petrochemical and Salinization Integration" finally becomes a dead letter"Petrochemical and Salinization Integration" finally becomes a dead letter

Shandong Haihua Group was once a pillar enterprise in Weifang City.
The output of three products of synthetic soda ash, nitrate and solid calcium chloride ranked first in the world ten years ago, and the output of eight products including raw salt, bromine and bromide.
Ranked first in the country, it is the country's largest offshore chemical production and export base for foreign exchange earnings, and it is also the first batch of circular economy pilot units approved and confirmed by the six national ministries and commissions.

Shandong Haihua Group was once a pillar enterprise in Weifang City.
The output of three products of synthetic soda ash, nitrate and solid calcium chloride ranked first in the world ten years ago, and the output of eight products including raw salt, bromine and bromide.
Ranked first in the country, it is the country's largest offshore chemical production and export base for foreign exchange earnings, and it is also the first batch of circular economy pilot units approved and confirmed by the six national ministries and commissions.

According to the plan, CNOOC Limited will start Shandong Haihua Group’s 5 million tons of oil refining and expansion projects after entering the Shandong Haihua Group .
In the eyes of local people, in the past ten years, "CNOOC has completely deviated from its original investment cooperation agreement.
"

According to the plan, CNOOC Limited will start Shandong Haihua Group’s 5 million tons of oil refining and expansion projects after entering the Shandong Haihua Group .
In the eyes of local people, in the past ten years, "CNOOC has completely deviated from its original investment cooperation agreement.
"

This reporter learned that, as of now, Shandong Haihua Group has only built 2.
4 million tons of oil refining capacity, and the pipeline project with an annual oil transmission capacity of 5 million tons from Dongying City Port to Shandong Haihua Group has been put on the shelf.
The 2.
4 million tons of oil refining project that has been implemented , after four months of trial production, has been in a state of suspension due to imperfect procedures, and monthly losses of more than 40 million yuan.

This reporter learned that, as of now, Shandong Haihua Group has only built 2.
4 million tons of oil refining capacity, and the pipeline project with an annual oil transmission capacity of 5 million tons from Dongying City Port to Shandong Haihua Group has been put on the shelf.
The 2.
4 million tons of oil refining project that has been implemented , after four months of trial production, has been in a state of suspension due to imperfect procedures, and monthly losses of more than 40 million yuan.

The local government attaches great importance to the “Petrochemical and Salinization Integration Project” after CNPC took over Shandong Haihua Group.
The Weifang Municipal Government has specially arranged a deputy mayor to lead the team to the Shandong Provincial Development and Reform Commission and the National Development and Reform Commission to fight for the project.
After more than eight years of hard work, the project was finally approved.

The local government attaches great importance to the “Petrochemical and Salinization Integration Project” after CNPC took over Shandong Haihua Group.
The Weifang Municipal Government has specially arranged a deputy mayor to lead the team to the Shandong Provincial Development and Reform Commission and the National Development and Reform Commission to fight for the project.
After more than eight years of hard work, the project was finally approved.

For the "Petrochemical and Salinization Integrated Project" that the local government is looking forward to, CNOOC once approved Shandong Haihua Group with a total planned investment of 10.
6 billion yuan, mainly for the construction of 200,000 tons / year acrylonitrile, 80,000 tons / year propylene oxide, 250,000 tons / year combined PVC transformation and petrochemical product quality upgrade.

For the "Petrochemical and Salinization Integrated Project" that the local government is looking forward to, CNOOC once approved Shandong Haihua Group with a total planned investment of 10.
6 billion yuan, mainly for the construction of 200,000 tons / year acrylonitrile, 80,000 tons / year propylene oxide, 250,000 tons / year combined PVC transformation and petrochemical product quality upgrade.

According to a local person familiar with the matter, after many project plan adjustments, the basic design and budgetary estimate of the first phase of the "Petrochemical and Salinization Integration Project" was approved by CNOOC Limited in August 2015 , and four major new installations (including 2.
4 million tons) / Year raw material pretreatment device), transforming six sets of devices, and the approved investment estimate is 2.
57 billion yuan.

According to a local person familiar with the matter, after many project plan adjustments, the basic design and budgetary estimate of the first phase of the "Petrochemical and Salinization Integration Project" was approved by CNOOC Limited in August 2015 , and four major new installations (including 2.
4 million tons) / Year raw material pretreatment device), transforming six sets of devices, and the approved investment estimate is 2.
57 billion yuan.

Dong Guangming, the former director of the Economic Development Bureau of Weifang Binhai Economic Development Zone, said, “The'Petrochemical and Salinization Integration Project' has not only delayed the construction progress, but also the total investment and construction scale have been significantly reduced compared with the original plan.
Only petrochemical products have been implemented The quality upgrade project, the three projects of 200,000 tons / year acrylonitrile, 80,000 tons / year propylene oxide and 250,000 tons / year combined PVC transformation projects have stayed on paper so far, reducing investment by 8 billion yuan and reducing production capacity by 2.
6 million yuan.
Tons, operating income decreased by 12.
8 billion yuan, and profits decreased by nearly 1.
6 billion yuan.
"

Dong Guangming, the former director of the Economic Development Bureau of Weifang Binhai Economic Development Zone, said, “The'Petrochemical and Salinization Integration Project' has not only delayed the construction progress, but also the total investment and construction scale have been significantly reduced compared with the original plan.
Only petrochemical products have been implemented The quality upgrade project, the three projects of 200,000 tons / year acrylonitrile, 80,000 tons / year propylene oxide and 250,000 tons / year combined PVC transformation projects have stayed on paper so far, reducing investment by 8 billion yuan and reducing production capacity by 2.
6 million yuan.
Tons, operating income decreased by 12.
8 billion yuan, and profits decreased by nearly 1.
6 billion yuan.
"

According to relevant departments of CNOOC Group, after joining CNOOC, CNOOC’s 13th Five-Year Plan has adjusted the development positioning of Shandong Haihua Group to "Develop salt chemicals, maintain the existing scale, and do not support new chemical (petrochemical) materials".
No more large-scale investment in Shandong Haihua Group.

According to relevant departments of CNOOC Group, after joining CNOOC, CNOOC’s 13th Five-Year Plan has adjusted the development positioning of Shandong Haihua Group to "Develop salt chemicals, maintain the existing scale, and do not support new chemical (petrochemical) materials".
No more large-scale investment in Shandong Haihua Group.

Moreover, Shandong Haihua Group’s 40,000- ton / year methane chloride unit, 50,000- ton / year aniline unit, and 100,000- ton / year ethyl acetate unit in the salt chemical industry of Shandong Haihua Group are also based on "safe production" considerations.
The operation was stopped one after another until it was abandoned and dismantled.

Moreover, Shandong Haihua Group’s 40,000- ton / year methane chloride unit, 50,000- ton / year aniline unit, and 100,000- ton / year ethyl acetate unit in the salt chemical industry of Shandong Haihua Group are also based on "safe production" considerations.
The operation was stopped one after another until it was abandoned and dismantled.

In this way, the Haihua Group has become "raising turtles in a jar-the more it grows, the more it shrinks.
" In 2018 , compared with 2008 , the year before the reorganization , Shandong Haihua Group's total asset value, main business income, and actual taxes all dropped significantly.

In this way, the Haihua Group has become "raising turtles in a jar-the more it grows, the more it shrinks.
" In 2018 , compared with 2008 , the year before the reorganization , Shandong Haihua Group's total asset value, main business income, and actual taxes all dropped significantly.

What makes the local people in Weifang sad is that the failure of CNOOC's project investment plan to fulfill the contract has caused Shandong Haihua Group to lose a valuable opportunity to develop the oil refining industry.
In the past ten years, Weifang local Shouguang Luqing Petrochemical, Qingzhou Hongrun Petrochemical and other small companies that were once little-known have seized the opportunity of the development of the petrochemical industry and became the industry leader.
They have far exceeded the scale, profitability, and tax payment.
Shandong Haihua Group.

What makes the local people in Weifang sad is that the failure of CNOOC's project investment plan to fulfill the contract has caused Shandong Haihua Group to lose a valuable opportunity to develop the oil refining industry.
In the past ten years, Weifang local Shouguang Luqing Petrochemical, Qingzhou Hongrun Petrochemical and other small companies that were once little-known have seized the opportunity of the development of the petrochemical industry and became the industry leader.
They have far exceeded the scale, profitability, and tax payment.
Shandong Haihua Group.

Sun Dalu, chairman of CNOOC Refining & Chemical Corporation, believes that although Shandong Haihua Group has declined in scale, its financial status has improved; during the period of CNOOC’s management and control, Haihua Group has enhanced its core competitiveness by deepening reforms and improving quality and efficiency.
, The profitability is gradually enhanced.

Sun Dalu, chairman of CNOOC Refining & Chemical Corporation, believes that although Shandong Haihua Group has declined in scale, its financial status has improved; during the period of CNOOC’s management and control, Haihua Group has enhanced its core competitiveness by deepening reforms and improving quality and efficiency.
, The profitability is gradually enhanced.

What is the cause of Haihua Group's "fallen soul"

What is the cause of Haihua Group's "fallen soul"What is the cause of Haihua Group's "fallen soul"

After the reorganization, Shandong Haihua Group went from being "unwelcome" to today's regression and even "fallen".
There are many interpretations from the many employees of Shandong Haihua Group to officials at all levels in Weifang City.

After the reorganization, Shandong Haihua Group went from being "unwelcome" to today's regression and even "fallen".
There are many interpretations from the many employees of Shandong Haihua Group to officials at all levels in Weifang City.

"Shandong Haihua Group's salt chemical industry is not closely related to the main business of CNOOC Refining", this "biggest reason" seems reasonable, but it cannot convince the locals.

"Shandong Haihua Group's salt chemical industry is not closely related to the main business of CNOOC Refining", this "biggest reason" seems reasonable, but it cannot convince the locals.

The national-level "Development Plan for the Yellow River Delta High-Efficiency Ecological Economic Zone" clearly "supports the extension of the petrochemical industry chain", "supports the construction of major circular economy projects such as the continuous utilization of oil and salt chemical products", and proposes "strengthening cooperation with large domestic and foreign petroleum and petrochemical enterprises" The group cooperates to build a new type of chemical industry base with strong domestic competitiveness.

The national-level "Development Plan for the Yellow River Delta High-Efficiency Ecological Economic Zone" clearly "supports the extension of the petrochemical industry chain", "supports the construction of major circular economy projects such as the continuous utilization of oil and salt chemical products", and proposes "strengthening cooperation with large domestic and foreign petroleum and petrochemical enterprises" The group cooperates to build a new type of chemical industry base with strong domestic competitiveness.

Many people in the industry said that it is rare for companies like Shandong Haihua Group to have both petrochemical and salinity resources.
This is precisely one of CNOOC’s advantages in implementing the "Two Continents and One Bay" strategy and achieving differentiated competition.
Just like Dow Chemical, Western Chemical, BASF and other well-known foreign companies, the combination of petrochemical and salinization has extended many competitive downstream chemical products.

Many people in the industry said that it is rare for companies like Shandong Haihua Group to have both petrochemical and salinity resources.
This is precisely one of CNOOC’s advantages in implementing the "Two Continents and One Bay" strategy and achieving differentiated competition.
Just like Dow Chemical, Western Chemical, BASF and other well-known foreign companies, the combination of petrochemical and salinization has extended many competitive downstream chemical products.

"This is at least in line with CNOOC's intention to'go ashore and diversify its layout' when it reorganized Shandong Haihua Group, and it is not even inconsistent with the requirement of'doing the main business and preventing the reality from the virtual' put forward by the central enterprises in recent years.
" A local person Industry insiders said.

"This is at least in line with CNOOC's intention to'go ashore and diversify its layout' when it reorganized Shandong Haihua Group, and it is not even inconsistent with the requirement of'doing the main business and preventing the reality from the virtual' put forward by the central enterprises in recent years.
" A local person Industry insiders said.

The locals in Weifang can only speculate and explore the reasons from the visible facts.

The locals in Weifang can only speculate and explore the reasons from the visible facts.

For example, in the past ten years, the main person in charge assigned by CNOOC to Shandong Haihua Group has changed three times.
The management has a strong temporary concept, a serious idea of ​​seeking stability, and insufficient responsibility for the development of the company.
Shandong Haihua, a listed company as the "first stock of China's marine chemical technology," has not been refinanced for 11 years since it was placed under CNOOC Limited.
This has basically caused Shandong Haihua, a listed company, to lose its largest financing function as a public company.

For example, in the past ten years, the main person in charge assigned by CNOOC to Shandong Haihua Group has changed three times.
The management has a strong temporary concept, a serious idea of ​​seeking stability, and insufficient responsibility for the development of the company.
Shandong Haihua, a listed company as the "first stock of China's marine chemical technology," has not been refinanced for 11 years since it was placed under CNOOC Limited.
This has basically caused Shandong Haihua, a listed company, to lose its largest financing function as a public company.

From the perspective of Shandong Haihua Group, there has even been a layer of transmission of "large enterprise diseases" after the mixed reform.
Shandong Haihua Group invested its own funds only 3000 yuan project has decision-making autonomy, where 3000 more than yuan of investment, must be reported to CNOOC headquarters approval, decision-making procedures are complicated and lengthy approval process, bungled opportunity.
Hualong's ammonium nitrate and sodium nitrate plant relocation project with an investment of only 200 million yuan will be demonstrated in 2016 and will only be put into operation in June 2021.
Under normal circumstances, the project can be fully constructed in one year at most; 5 million tons of refinery expansion The project started in 2010 and only completed a trial run of 2.
4 million tons of refining capacity by October 2018 , which took nine years.

From the perspective of Shandong Haihua Group, there has even been a layer of transmission of "large enterprise diseases" after the mixed reform.
Shandong Haihua Group invested its own funds only 3000 yuan project has decision-making autonomy, where 3000 more than yuan of investment, must be reported to CNOOC headquarters approval, decision-making procedures are complicated and lengthy approval process, bungled opportunity.
Hualong's ammonium nitrate and sodium nitrate plant relocation project with an investment of only 200 million yuan will be demonstrated in 2016 and will only be put into operation in June 2021.
Under normal circumstances, the project can be fully constructed in one year at most; 5 million tons of refinery expansion The project started in 2010 and only completed a trial run of 2.
4 million tons of refining capacity by October 2018 , which took nine years.

In addition, Shandong Haihua Group has a serious brain drain, and its innovation vitality has almost been lost.
Before joining CNOOC, Shandong Haihua Group's oil refining level was at the leading level in the province.
CNOOC mainly allowed Shandong Haihua Group to develop the salt chemical industry, and a large number of petrochemical talents were lost.
The salt chemical talents also jumped because of the "rigid system and inactive mechanism", and the national enterprise technology center was eventually delisted.

In addition, Shandong Haihua Group has a serious brain drain, and its innovation vitality has almost been lost.
Before joining CNOOC, Shandong Haihua Group's oil refining level was at the leading level in the province.
CNOOC mainly allowed Shandong Haihua Group to develop the salt chemical industry, and a large number of petrochemical talents were lost.
The salt chemical talents also jumped because of the "rigid system and inactive mechanism", and the national enterprise technology center was eventually delisted.

Then there is the "missing of social responsibility".
Since 2009 , Shandong Haihua Group has disposed of a large number of assets, cleaned up and integrated 65 companies, impaired 4.
1 billion yuan, and the number of employees has dropped sharply from more than 17,000 at the time of the reorganization to more than 8,200 at present .
In recent years, Shandong Haihua Group has mainly increased the wages of on-the-job workers by reducing employees, and basically “one size fits all” for 45 -year-old female employees and 50 -year-old male employees to receive basic wages.
At the same time, regarding the historical debts of Shandong Haihua Group’s equipment aging and alkali slag disposal, CNOOC used the remaining problems that have formed over the years as a reason, and did not make every effort to properly solve the problem, resulting in environmental protection loopholes being criticized and urged by the Ministry of Ecology and Environment.
rectification, debts led to continued environmental protection enterprise development constraints, and even the newly built 240 tons refinery project until 2020 Nian 10 months, safety and environmental protection procedures are not complete.

Then there is the "missing of social responsibility".
Since 2009 , Shandong Haihua Group has disposed of a large number of assets, cleaned up and integrated 65 companies, impaired 4.
1 billion yuan, and the number of employees has dropped sharply from more than 17,000 at the time of the reorganization to more than 8,200 at present .
In recent years, Shandong Haihua Group has mainly increased the wages of on-the-job workers by reducing employees, and basically “one size fits all” for 45 -year-old female employees and 50 -year-old male employees to receive basic wages.
At the same time, regarding the historical debts of Shandong Haihua Group’s equipment aging and alkali slag disposal, CNOOC used the remaining problems that have formed over the years as a reason, and did not make every effort to properly solve the problem, resulting in environmental protection loopholes being criticized and urged by the Ministry of Ecology and Environment.
rectification, debts led to continued environmental protection enterprise development constraints, and even the newly built 240 tons refinery project until 2020 Nian 10 months, safety and environmental protection procedures are not complete.

When interviewed by this reporter, Wang Shaofei, general manager of CNOOC Refining & Chemical Corporation, did not recognize the statement that "CNOOC took over Shandong Haihua Group's inaction for ten years and affected its development.
" He said that after CNOOC's ten-year meticulous management, Shandong Haihua Group has changed from being on the verge of bankruptcy to a company with strong competitiveness in the industry, and its asset quality has been significantly improved, and its profitability has been greatly improved.

When interviewed by this reporter, Wang Shaofei, general manager of CNOOC Refining & Chemical Corporation, did not recognize the statement that "CNOOC took over Shandong Haihua Group's inaction for ten years and affected its development.
" He said that after CNOOC's ten-year meticulous management, Shandong Haihua Group has changed from being on the verge of bankruptcy to a company with strong competitiveness in the industry, and its asset quality has been significantly improved, and its profitability has been greatly improved.

According to the information provided by CNOOC Refining and Chemical Company to this reporter, Shandong Haihua Group's asset-liability ratio in 2009 was 73% .
By the end of 2019 , external guarantees had dropped to 0 and the corporate asset-liability ratio had dropped to 70% .

According to the information provided by CNOOC Refining and Chemical Company to this reporter, Shandong Haihua Group's asset-liability ratio in 2009 was 73% .
By the end of 2019 , external guarantees had dropped to 0 and the corporate asset-liability ratio had dropped to 70% .

Regarding the success or failure of this central-district mixed reform, the two sides have different opinions.
Professor Tan Qiugui of China University of Political Science and Law said in an interview with our reporter that CNOOC Limited announced its withdrawal ten years after taking over Shandong Haihua Group.
The alliance between the powerful and powerful has failed to achieve a win-win situation.
Shandong Haihua Group has lost a ten-year period of opportunity.
It can be said that the above is a sample of the failure of the mixed reform of the central government.

Regarding the success or failure of this central-district mixed reform, the two sides have different opinions.
Professor Tan Qiugui of China University of Political Science and Law said in an interview with our reporter that CNOOC Limited announced its withdrawal ten years after taking over Shandong Haihua Group.
The alliance between the powerful and powerful has failed to achieve a win-win situation.
Shandong Haihua Group has lost a ten-year period of opportunity.
It can be said that the above is a sample of the failure of the mixed reform of the central government.