On June 25th, the Hebei Private Economic Development Conference was held in Shijiazhuang. The meeting announced the 2017 list of the top 100 private enterprises in Hebei Province, and Xinhai Holdings ranked 23rd.

   It is reported that the objects of this selection are limited liability companies and joint stock limited companies with non-public ownership holdings registered in the territory of Hebei Province. The selection uses "operating income" as the basic index to rank the participating companies, and at the same time, one-vote veto is given to companies that fail to implement the administrative department's decision on administrative punishment and companies that fail to perform their duties.

   Xinhai Holdings, as a large private enterprise group, integrates petroleum product production, R & D, logistics, and real estate development. Since the establishment of the factory in 2000, the company has continued to achieve leapfrog development one step at a time. At present, the company has more than 1,500 employees and an annual sales income of 20 billion yuan. In the next five years, the group plans to invest 30 billion yuan to build a private refining and chemical integration enterprise and become a bright pearl of private enterprises in Hebei Province.