1, refining process: the refining process of gasoline and diesel oil is different. Most of the oil used by China-Hong Kong Petrochemical Company comes from domestic chemical plants, while most of the oil used by China Petrochemical Company is imported oil with high quality. In the production and processing of gasoline and diesel oil, China Petrochemical will add some fuel additives with stronger characteristics and efficacy, which also makes the oil products of China Petrochemical more driving, more flame-resistant and better in quality than those of China-Hong Kong Petrochemical.
2. Oil price: In order to survive in the "three barrels of oil" market competition, China-Hong Kong Petrochemical will reduce the oil price through price competition, so the oil price of China-Hong Kong Petrochemical is much lower than that of China Petrochemical.
3. Management: Compared with China Petrochemical, the business scope of China-Hong Kong Petrochemical is smaller, and the customers of service projects are generally regional customers, while the business scope of China Petrochemical is very wide, including most regions and expressways.
4. China Petrochemical Co., Ltd. (hereinafter referred to as "China Petrochemical") is a wholly state-owned subsidiary of sinopec group. China Petrochemical Group Company, the largest shareholder of China Petrochemical Company, was reorganized on the basis of the original sinopec group in July 1998 according to the deployment of the strategic reorganization of the petrochemical industry implemented by the CPC Central Committee. It is a state-owned company funded by the state, an institution authorized by the state and a state holding company.