Founded in 1997, BD Group is a large-sized enterprise group whose primary business is petrochemical industry and operation mode is the integration of production, education and scientific research, as well as coordinated development of industry and finance.
At present, BD Group consists of seven industrial groups (Petrochemical Industrial Group, Financial Holding Industrial Group, Trade Industrial Group, Science and Technology Engineering Industrial Group, Education Industrial Group, Investment Holding Industrial Group, New Energy Industrial Group) and one A-share listed Corporation (BD Industry: Stock code 000595),and its finance company is the first group financial company with the approval for establishment in Ningxia. Besides, the Group has been boosting its strategic layout and developed into an enterprise group that is based on petrochemical industry with multiple concurrent industries, reasonably allocated assets, coordinated development of industry, education and finance, and integration of technology, innovation and new energy.
Taking the business territoriality into consideration, BD Group has completed its strategic layout in “3 Alongs”--along the coast, along the border, and along the national gateways, including Luhua and Ningdong in Yinchuan, Ningxia, Guangdong, Xinjiang and Inner Mongolia, etc. The four strategic bases are located in key junctions of "the Belt and Road Initiative". On this basis, BD Group has set up its headquarters in Beijing and a financial international trade platform in Hong Kong, Singapore and Shanghai respectively, as well as international business companies or business organizations in international petroleum-enrichment zones such as Kazakstan, Kyrgyzstan, Russia, Singapore and the United Arab Emirates. On the whole, BD Group has formed a complete upstream and downstream industrial chain in the major business of petroleum refining and the “Beijing-Hong Kong, Beijing-Shanghai Integration” strategic framework of capital operation. Meanwhile, it also has completed the industrial layout with multiple industries propelling forward and coordinating with each other.
In terms of primary business, by obtaining quotas and permission for import of crude oil from the National Development and Reform Commission and the Ministry of Commerce, permission for the access to the imported crude oil, for the trade of international crude oil, for the wholesale of refined oil and import of fuel oil. BD Group is a private-owned petrochemical group with all the “Five Qualifications”. At present, there are nearly 200 refueling stations, and its already-produced refinery bases have an annual production capacity of 12.5 million tons including both formed and forthcoming 1.2 million tons of chemical capacity of propylene, polypropylene and acetylene.
In other industries, especially some relevant businesses, like new energy, high-end manufacturing, agroforestrial ecology, finance and trade, they are enjoying a rapid growing, which is reflected in manufacturing capacity of 40,000 tons of petrochemical equipment, more than 6,000 kinds of bearings, liquefied natural gas with a daily output of 600,000 square meters and more than 100,000 acres of ecological forest. The financial sector covers insurance, funds, financial leasing and Internet finance. Besides, with investment in establishing Yinchuan University and creation of design institute and research institute, the Group has possessed a unique advantage in the integration of the production, education and scientific research.
For the expansion of enterprise development space and acquisition of competition edge, BD Group focuses on the overall upgrading and transformation of industries. The Group's fourth five-year plan clearly states that its future development strategy is to urge the production transformation from petroleum refining to fine chemical engineering, from traditional energy to clean energy, the development of combining industry and finance, and the integration of production, education and scientific research.
In 2017, BD Group reduced its liabilities and shortened its management chain through disposal and restructuring of assets, upgraded its management to a new level through the reform of institutional mechanisms and clarified the relationship among the primary business, auxiliary industry and related industries through the scrutiny of the industrial sectors in a bid to make the strategic positioning clearer.
For more than 20 years, BD Group has continued forging ahead with innovation, achieving cross-regional and national operations, and has grown into a diversified enterprise group focusing on petroleum refining as its primary business, moving toward the world and achieving international operations.