United Strength Power Holdings Limited (the “Group”) is a leading vehicle natural gas refuelling station operator in Jilin Province, the PRC. According to the F&S Report, the Group ranked second with a market share of 6.2% in Jilin Province’s CNG refuelling station market in terms of CNG sales volume in 2016.
The business history of the Group can be traced back to 1997 when Changchun Yitonghe was founded specialising in gas and petroleum related business. We established Longjing United Strength, our wholly owned subsidiary to engage in the gas refuelling station business in 2007. In view of the increasingly developed CNG refuelling stations market in Jilin Province, Changchun Yitonghe began planning and constructing for mixed-fuel stations where both gasoline and CNG are sold while opportunities for acquisition of companies with CNG refuelling station business were seized to further expand the CNG refuelling station network.
Today, our refuelling stations network is well-established in Northeast China. Our principal operating subsidiaries are Changchun Sinogas, Jilin Clean Energy, Wuchang Gas, Hengtai Energy, Jilin Dongkun Gas, Jixi United Strength, Longjing United Strength, MHK Yujia Petrochemical, Yanbian United Strength and YB Xinyuan Natural Gas. Currently our Group operated 14 Self-owned Refuelling Stations, 6 Jointly-owned Refuelling Stations and 5 Yitonghe Entrusted Refuelling Stations. We primarily sell CNG at our refuelling stations to end-customers who are drivers of public transportation vehicles such as buses, taxis, long-distance transportation trucks and private vehicle owners.