Since the beginning of this year, Yanchang Petroleum Group has thoroughly implemented the spirit of the Seventh Plenary Session of the 14th Provincial Party Committee and the Provincial Party Committee Economic Work Conference, and the Provincial Mobilization Meeting for Deepening the "Three Years" Activities to Fight Hard Battles in Key Areas, and actively responded to the difficulties and challenges such as insufficient effective market demand and downward energy product prices. It has gone all out to increase production, expand investment, promote sales, and ensure supply. All tasks have been completed in excess, and production and operation have been stable and improving. In the first quarter, the group's total profit increased by 7.61% year-on-year, taxes and fees paid increased by 5.28% year-on-year, and total industrial output value increased by 5.6% year-on-year. The growth rate of industrial added value is expected to be 10.5%, which successfully achieved a "good start" in the first quarter and made an important contribution to the province's stable growth.

In terms of production and operation, the output of Yanchang Petroleum's main products maintained a steady growth. In the first quarter, the group produced 2.9662 million tons of crude oil, an increase of 34,500 tons year-on-year; imported 294,600 tons of crude oil, an increase of 197,700 tons year-on-year; processed 4.018 million tons of crude oil, an increase of 99,600 tons year-on-year; produced 3.059 billion cubic meters of natural gas, an increase of 820 million cubic meters year-on-year; produced 9.0458 million tons of coal, an increase of 3.1647 million tons year-on-year; and produced 2.0659 million tons of chemical products, an increase of 200,200 tons year-on-year. The market development has achieved remarkable results. A sales seminar was held, and the Yanchang Petroleum Product Promotion Conference was held in the core consumer market of South China for the first time, which expanded the sales channels and brand influence. In the first quarter, the sales volume of refined oil, chemical products, and coal increased by 6.61%, 1.46%, and 27.91% year-on-year, respectively. The export volume of tires and the export value of glass fiber increased by 11.12% and 29.25% year-on-year, respectively.

In terms of project construction, Yanchang Petroleum continued to deepen the province's high-quality project construction promotion year activities, incorporated 61 key projects into the "four batches" dynamic management mechanism, and completed a total investment of 8.927 billion yuan in the first quarter, continuing to lead provincial enterprises. Among them, the capacity project in the southern part of the central area of Yan'an Gas Field is the "final battle" of Yanchang Petroleum's 15 billion cubic meters/year natural gas capacity doubling project, and is expected to be completed and handed over in June ahead of schedule; Jingbian natural gas storage peak regulation and supporting LNG project have completed pre-acceptance and are about to enter the trial sprint stage; Yan'an crude oil reserve project will not stop during the Spring Festival, and will speed up the construction of tank foundations and long-distance pipeline laying; Fuxian Power Plant Railway Line has been completed and put into operation; Xinghua relocation, million-ton CCUS full-process integration, Xinjiang oil and gas block three-dimensional seismic and other projects have started construction. At the same time, 18 academicians of the two academies were invited to hold a strategic seminar on the high-quality development of Yanchang Petroleum to provide intellectual support for the "15th Five-Year Plan" to plan in depth, accurately and practically.

In terms of people's livelihood supply, the winter supply guarantee has been successfully concluded. The group strictly implemented the relevant requirements of the central and provincial natural gas supply during the heating season, and efficiently released natural gas production. During the heating season, a total of 4.671 billion cubic meters of natural gas was sold, an increase of 1.363 billion cubic meters year-on-year; priority was given to signing contracts for people's livelihood in full, and the contract volume for urban gas users during the heating season was 1.332 billion cubic meters, an increase of 23.6% year-on-year; the group coordinated the preparation of the "people's livelihood protection and industrial shutdown" natural gas supply plan during the heating season, and a total of 1.551 billion cubic meters of people's livelihood gas was supplied during the heating season, an increase of 18.94% year-on-year, providing "Yanchang warmth" for the people of the province to meet the peak winter.

In the second quarter, Yanchang Petroleum continued to adhere to the main line of "practical work first, reform as the key, and compliance as the basis", fought for three months and tackled the first half of the year, ensuring "hard half", and striving to deliver an excellent answer sheet for stable growth and high-quality development, and make new contributions to writing a new chapter in Shaanxi and striving to be a model in the west!