refining & petrochemicals segment is one of our core business segments, its development is one of the main growth points to our future profit. our refining & petrochemicals base locates in quanhui petrochemical industrial park, meizhou bay petrochemical industrial base, fujian province, with a processing capacity of 15 million tons/year crude oil, 1 million tons/year ethylene, and 800,000 tons/year paraxylene.