China National Aviation Fuel
China National Aviation Fuel Group Corporation (CNAF) is a Chinese state-owned enterprise. The company owns a 51% stake in China National Aviation Fuel Supply Co., Ltd. (Chinese: 中国航空油料有限责任公司), one of the largest jet fuel suppliers in China. China National Aviation Fuel Group was ranked 484th in 2016 Fortune Global 500 list.[2]
 China National Aviation Fuel logo (left) and Chinese text "China Aviation Fuel" (中国航油) | |||||
| Type | State-owned enterprise | ||||
|---|---|---|---|---|---|
| Industry | Oil and gas industry, equity investment | ||||
| Headquarters | CNAF Plaza, Beijing , China | ||||
| Products | Jet fuel | ||||
| Revenue |  CN¥225.831 billion (2013) | ||||
 CN¥3.151 billion (2013) | |||||
| CN¥939 million (2013) | |||||
| Total assets | CN¥38.969 billion (2013) | ||||
| Total equity | CN¥9.402 billion (2013) | ||||
| Owner | Chinese Central Government (100%) | ||||
| Parent |
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| Subsidiaries |
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| Website | cnaf.com | ||||
| Footnotes / references in consolidated financial statement[1] | |||||
| China National Aviation Fuel Group Corporation | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国航空油料集团公司 | ||||||
| Traditional Chinese | 中國航空油料集團公司 | ||||||
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| Alternative Chinese name | |||||||
| Simplified Chinese | 中国航油 | ||||||
| Traditional Chinese | 中國航油 | ||||||
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History
China National Aviation Fuel Group (Chinese: 中国航空油料集团) obtained its current name on 11 October 2002. In 2005 a subsidiary with limited liabilities was incorporated under the Companies Law of China on 22 September 2005, as China National Aviation Fuel Supply (Chinese: 中国航空油料). The minority shareholders of the subsidiary were Sinopec and PetroChina, the listed subsidiaries of fellow oil giant State-owned Assets Supervision and Administration Commission of the State Council.
The corporation had a controversial net loss in 2004, which resulted by the arrest of Chen Jiulin, president of Singapore-listed subsidiary China Aviation Oil.[3]
Subsidiaries
- As of 31 December 2013
- China National Aviation Fuel Supply (51.00%)
- China National Aviation Fuel Land Petroleum (100.00%)
- China National Aviation Fuel Logistic (100.00%)
- China Aviation Oil (50.88%)
Equity investments
- As of October 2016
- Haikou Meilan International Airport (2.08% owned by CNAF Co., Ltd.)
- Shenzhen Petrochemical Exchange
References
- "2013 Annual Report" (PDF). China National Aviation Fuel Group (in Chinese). chinamoney.com.cn. 29 April 2014. Retrieved 6 March 2017.
- http://beta.fortune.com/global500/china-national-aviation-fuel-group-484
- 透视中航油事件. 人民文摘 (in Chinese). Beijing: People's Daily. 2005 (1st issue). 2005. Retrieved 24 September 2017.
External links
- Official website (in Chinese)