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Sources: All of the information stated in this article is based on reliable sources, and is detailed at the end of the article
Founded more than 80 years ago, China Resources' business covers mainland gas, electricity, real estate, beer and other fields, but China Resources Gas is registered in Bermuda, an autonomous overseas territory of the United Kingdom.
What is the origin of China Resources, and why is it registered in Bermuda?
Moisturized by rain and dew
In the 30s of the last century, Qin Bangli took two gold bars given by the organization to establish the predecessor of China Resources, "United Bank", which was ostensibly a profit-making organization, but in fact secretly engaged in economic work related to our party.
The "United Walk" also received members of our party, who were cautious and generally called each other by pseudonyms, such as Qin Bangli's pseudonym Yang Lian'an.
He has a flexible mind and has learned advanced business concepts overseas, and has gradually been able to provide financial support for the organization.
However, the role of the joint bank is not limited to this, it also helped to transport materials when our soldiers were short of supplies, and even the staff of the joint bank dared to stand up to the Taiwan spies and resolutely safeguard the interests of the organization.
Before the founding of the People's Republic of China, the United Bank was renamed "China Resources" because of its large number of ships and experience in transporting goods, and for a time it helped the mainland reverse the situation of large imports of products from overseas.
The existence of China Resources has allowed mainland products to be gradually exported abroad, and it has also allowed the company to feed itself without relying on the state, and it can also transfuse blood for the country.
In 1952, China Resources was officially under the management of the Ministry of Foreign Trade, and in less than 20 years, it undertook the import and export work of 30% of the mainland, and even had a strong ability to absorb gold so much that it was compared with the Ministry of Foreign Trade, a superior unit.
The company's business has gradually expanded to electricity, real estate, beer, gas and other fields, and no matter what field it does, China Resources can come up with a beautiful financial statement, especially in the gas field.
In the fourth quarter of 2023, CR Gas's customers and business volume did not increase significantly, but their operating profit increased by 11.27 times compared with the same period in 2022.
The parent group China Resources is also listed in the Fortune Global 500 No. 74, and behind the glamorous appearance of China Resources and China Resources Gas, there are still some truths that are not easy to be discovered.
China Resources Gas is registered in Bermuda, an autonomous overseas territory of the United Kingdom, and the local audit system for companies is still notoriously strict, but China Resources, as a mainland central enterprise, can complete the registration locally.
There is an explanation on the Internet that they registered a company in this place in order to better participate in the bidding after encountering foreign bidding projects.
In other words, they registered in Bermuda in order to make money for the company, otherwise it would be inconvenient for China Resources, which has a background in a mainland state-owned enterprise, to compete with its peers for the market.
On the surface, there is nothing wrong with China Resources doing this, but this company still has some insider information that has been picked up, which has attracted the attention of netizens.
Prosperous financial fortune
On April 21, the Shanghai Stock Exchange conducted an investigation into Chongqing Gas Co., Ltd., a subsidiary of China Resources, to see if the company had overcharged gas bills.
Because some netizens reported that their gas bills have risen relatively largely, the gas bill was originally only hundreds of yuan a month, but later it rose directly to several hundred yuan, and there is more than one netizen who has a similar experience with him.
After they posted their experience on the Internet, it quickly attracted the attention of relevant departments, and China Resources Gas also made an explanation.
China Resources Gas mentioned that in response to the call of the state, they replaced residents with more advanced gas meters, so that residents can use gas more safely.
This new gas meter has also caused discussion among netizens, netizens found that before they changed the gas meter, the gas bill at home was not consumed so fast, since the new gas meter, the gas bill of more than 1,000 yuan just paid, it didn't take long for only a few hundred yuan left.
Nanjing Ganghua Co., Ltd., a friend of the company, also has many users found this situation, saying in the group that the new gas meter is more sensitive and goes faster than the old gas meter.
Users who have changed to a new gas meter have reminded users who have not yet changed their gas meter not to change their gas meter for the time being.
After the staff knew about this situation, they had come forward to help the user who had replaced the new gas meter to solve the problem, which required the user to pay 133 yuan first and send the gas meter to the inspection unit for testing.
They mentioned that as long as the inspection unit can detect a problem with the new gas meter, their company will bear the loss of the user, and they also said that other citizens can call the gas hotline if they have any questions.
In April this year, Nanjing Ganghua Co., Ltd. issued an announcement, saying that they are willing to actively help users solve problems, and also gave a service hotline and supervision telephone, saying that they will reply within a day.
The company, like China Resources, operates in Hong Kong, and they are very positive in dealing with problems.
Cangzhou China Resources Gas Group also announced that they were going to answer users' calls on April 24 after discovering that users had made suggestions, and it was not ordinary people who answered users' calls, but their company's deputy general manager and party committee member.
They proposed that they only sent company leaders to answer the phone, but they were not responsible for receiving visiting users, that is, users could only communicate with each other on the phone and could not solve problems face-to-face.
Cangzhou China Resources Gas has also given another supplementary measure considering that there are more calls coming in and fewer people answering the phone.
They also arranged a group of 12345 hotline operators to write down the problems raised by users first, and then arranged for professionals to deal with and respond to these problems.
Because the operating income of CR Gas is closely related to users, they must first solve the problem of users before they can better continue to operate.
In 2019, China Resources Gas's annual operating income reached 56.976 billion, and in 2023, their annual operating income will be 101.272 billion, achieving a breakthrough from 10 billion to 100 billion revenue, which has also attracted more and more attention from China Resources Gas.
There are 1,262 affiliated companies of China Resources Gas Co., Ltd., all of which have some connection with China Resources Gas, such as subsidiaries of China Resources Gas, or China Resources Gas is a shareholder of these companies.
This company is operating normally while becoming bigger and stronger, also in order to survive better, but the measures they have taken are not entirely reasonable.
In order to increase its own business, CR Gas has adopted a strategy of monopolistic competition, and as long as it is in the area where CR Gas is located, other gas companies will not want to make more money than them.
In 2014, the relevant departments of the mainland discovered this situation and imposed a penalty of 1 million yuan on them, and in 2023, the relevant departments of the mainland found that they had monopolistic competition and imposed a penalty of 9 million yuan on them.
But China Resources Gas and its subsidiaries have not stopped, and they have paid tens of millions of yuan in administrative penalties and fines for suspected monopolies, which come from China Resources' subsidiaries across the country.
They often have to pay fines and fines, and they still monopolize competition, and their unfair competition has been discovered by the staff of the "Economic Information Daily", and this matter is not over.
Don't forget your original intention
CR Gas does not have a production or manufacturing process, but only sells the purchased gas to customers, and they can make the difference as a middleman.
But gas companies, unlike ordinary middlemen, cannot refuse to supply gas to customers just because the price of gas has risen.
Even after the price of gas rises, they will continue to supply gas to customers at lower and lower prices according to the agreement between themselves and users.
While they supply gas to customers, the existence of competitors also brings them a certain amount of pressure, and if they want to survive in the competition, they have to fight for their own work efficiency.
When CR Gas was first founded, the mainland already had established gas companies like China Gas and Kunlun Energy Co., Ltd., which were widely recognized in the market.
CR Gas can't even find an analyst, but they have come to this day step by step, and they have also obtained the highest credit rating from international institutions, which is a great affirmation of their development achievements.
The financial and operating conditions of China Resources Gas are very good, and the government has a large stake in China Resources Gas, for example, Chengdu China Resources Gas's government equity accounts for 41%, which is higher than the second largest shareholder, China Resources Gas, which has 36%.
This means that when CR Gas faces major issues, the government has more say than CR Gas.
But China Resources found that their power was not big enough to meet their psychological expectations, so it negotiated with other shareholders to take away important decision-making power from the company.
After discussion, the shareholders of the company unanimously decided that whoever has the ability to manage China Resources will hand over the management of the company to China Resources, so that the senior management of China Resources will have some freedom.
China Resources has also lived up to everyone's expectations, continued to develop, and has also participated in the AEI international bidding project, when they participated in the international bidding project, the registered place was in Bermuda.
In any case, CR Gas has never forgotten the heavy responsibility on its shoulders, and has also responded to the country's call for green water and blue sky, and while running the company, it has also appropriately supported the environmental protection cause of the mainland.
However, CR Gas does have some problems, such as from 2019 to 2022, they have not paid social security for the company's employees, which is not because the company's operating conditions are not optimistic.
In 2022, China Resources Gas's annual operating income will be as high as 94.338 billion, almost double compared with 2019, but they will continue to use the regulations of 2019 and do not pay social security to employees, which is in contrast to before 2019.
From 2016 to 2018, some employees of CR Gas participated in the insurance, and then CR Gas never paid social security to these employees.
On April 22 this year, the Xinhua News Agency client exposed that the subsidiary of China Resources Gas had overcharged gas fees and violated the national anti-monopoly law, but when a reporter from Beijing called to inquire, no one responded
The people are the biggest support behind the people's livelihood enterprises, and if enterprises want to get more development opportunities, they should still be people-oriented, put more energy on how to improve the quality of products and services, and do not disappoint the expectations of the motherland and the people.
Wonderful recommendations in the past
There is a surname in China, which is very rare, there are only 17 people in the country, and all of them live in a small county
Resources
The original article was published on the Xinhua News Agency client on 2024-04-22 on "Chongqing Gas has problems such as overcharging and overcharging gas fees, and the controlling shareholder China Resources Gas's company was fined for monopoly last year".
The original article was published in Hubei Yangtze River Business Daily on 2024-04-23 on "Behind the Chongqing Gas Incident, China Resources Gas Became the Owner a Year Ago, and Its Operating Profit in the Fourth Quarter of 2023 Soared by 11 Times, Raising Questions".
The original article was published in Jinan Times-New Yellow River2024-04-21 on "Many users in Nanjing complained about the abnormal sharp rise in gas bills after changing to new meters? Nanjing Ganghua responded".
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