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 Group
State-owned enterprise
IndustryOil and gas industry, equity investment
HeadquartersCNAF Plaza,
Beijing
,
China
ProductsJet fuel
Revenue CN¥225.831 billion (2013)
CN¥003.151 billion (2013)
CN¥000939 million (2013)
Total assets CN¥038.969 billion (2013)
Total equity CN¥009.402 billion (2013)
OwnerChinese Central Government (100%)
Parent
SASAC(direct)
State Council(ultimate)
Subsidiaries
China National Aviation Fuel Supply(51.00%)
China Aviation Oil(50.88%)
Websitecnaf.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
Alternative Chinese name
Simplified Chinese中国航油
Traditional Chinese中國航油

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
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References
  1. "2013 Annual Report" (PDF). China National Aviation Fuel Group (in Chinese). chinamoney.com.cn. 29 April 2014. Retrieved 6 March 2017.
  2. http://beta.fortune.com/global500/china-national-aviation-fuel-group-484
  3. 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.
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