According to the inquiry, Ningbo Energy Industry Co., Ltd. is a wholly-owned subsidiary of Ningbo Energy Group Co., Ltd., which is the second largest comprehensive energy group in Zhejiang Province. Ningbo is a subsidiary of Ningbo Development and Investment Group Co., Ltd, a state-owned enterprise. It was listed on the main board of Shanghai Stock Exchange in 2004. The company's business sector covers traditional energy, new energy and ecological environment protection, energy trade finance and other industries.
Relying on the advantages of Ningbo petrochemical industry and the strategic support of controlling shareholders, Ningbo Energy Industry Co., Ltd. focuses on the spot trade of energy and chemical products and the combination of futures, aiming to become an influential energy trader and industrial chain service provider in the industry.