The difference between Sinopec Yuefu and Sinopec

1. Enterprise size. Sinopec is a petrochemical company in China with millions of employees and operations all over the world; Yuefu Petrochemical is a relatively small company with less than one-tenth of Sinopec’s employees and its main business is concentrated in China.

2. Development process. Sinopec was founded in 1988. It is a large petrochemical enterprise established after China's reform and opening up. After years of development, Sinopec has become the leading enterprise in China's petrochemical industry; Yuefu Petrochemical was established in 2007. Although it was established It is relatively late, but it also has a good performance in the petrochemical industry.

3. Product structure. Sinopec's product structure is very rich, including oil, natural gas, petrochemicals, fertilizers, new chemical materials and other fields; Yuefu Petrochemical is mainly engaged in the production and sales of petrochemical products, including petroleum, paraffin, asphalt, lubricants, etc.

4. Technological innovation. Sinopec has always been committed to technological innovation and constantly launched new technologies and products. The "coal-to-liquids" technology developed by Sinopec can convert coal into oil, making an important contribution to China's energy security; while Yuefu Petrochemical is in the technology Innovation is relatively weak, mainly relying on the introduction and absorption of advanced foreign technologies.

5. Corporate culture. Sinopec has always adhered to the corporate culture of "people-oriented, honest management" and focused on the training and development of employees; while Yuefu Petrochemical paid more attention to the company's efficiency and profits, and its corporate culture was relatively simple.

2. Society. Sinopec has been actively fulfilling its social obligations and giving back to society in various ways. Sinopec has donated a large amount of medical supplies and funds in the fight against the COVID-19 epidemic; while Yuefu Petrochemical is relatively weak in the social aspect and has not yet formed a complete social system.

7. Degree of internationalization. Sinopec is one of the earliest petrochemical companies in China and currently has numerous overseas projects and businesses around the world; while Yuefu Petrochemical is relatively weak in internationalization, and its main business is still concentrated in China.

8. Competitive advantage. As the leading company in China's petrochemical industry, Sinopec has a huge scale and strong technical strength, and has strong competitive advantages; while Yuefu Petrochemical is relatively weak in terms of scale and technology, and its competitive advantages are not as good as Sinopec's.