HONG KONG, Mar 30, 2021 – (ACN Newswire) – The globally leading onshore oil rig supplier Honghua Group Limited (Ticker: 196.HK, "Honghua" or "the Company") today announced unaudited consolidated annual results for the twelve months ending on 31 December 2020 ("the Period").

During the Period, the Company encountered the COVID-19 pandemic and oil price fluctuation. Honghua's revenue from continuing operations decreased by 11.2% to RMB3.931 billion from RMB4.426 billion in 2019. Profit attributable to shareholders of the company was RMB50 million in 2020. Despite numerous challenges posted by the pandemic and the plunge in crude oil price, Honghua achieved profitability in three consecutive years due to rapid growth of its core business as well as expansion of new businesses.

AGAINST THE BACKDROP OF NATIONAL ENERGY SECURITY STRATEGY, HONGHUA'S FRACTURING BUSINESS CONTINUED TO GROW RAPIDLY
Although Brent oil price plunged in 2020, the Chinese government still prioritized national energy security and was determined to expand domestic oil & gas exploration to satisfy domestic market demand. National Development and Reform Commission ("NDRC") and National Energy Administration ("NEA") jointly announced Guiding Opinions on Energy Security in 2020, which specified plans to promote domestic energy production and improve supply capabilities, increase inputs in oil & gas exploration as well as oilfield outputs, and accelerate exploration of unconventional oil & gas resources. Benefiting from such strategy, Honghua highly valued unconventional oil & gas equipment and service business within the Company, resulting in revenue growth of 29.5% in the Chinese market. Revenue from the domestic market accounted for 73.9% of total revenue, reaching the historic high since IPO.

During the Period, the Company's sales and product R&D have all made significant breakthroughs. Honghua sold 4 sets of electric fracturing pumps, and launched the first set of electric coiled tubing in China and electric automatic sand transportation and storage device. Compared with traditional diesel-driven coiled tubing, electric coiled tubing innovated and improved in three aspects, i.e., performance and efficiency, automation, and synchronization control. The electric automatic sand transportation and storage device was successfully rolled off the production line and realized the first well site operation. Adhering to the concept of the overall development of electric fracturing and taking 6000HP electric fracturing pump as core equipment, Honghua launched numerous complete sets of electric fracturing equipment in turn, including electric fluid supply skid, command control center, flexible tank, high-pressure manifold, electric coiled tubing, and automatic sand transportation and storage device.

In the stage of exploring cost-reducing, efficiency-enhancing, and eco-friendly development models, Honghua facilitated large-scale development of unconventional oil & gas with electric fracturing equipment. Therefore, the Company's pumping service achieved explosive growth, with stages of pumping service offered throughout the year amounting to 4,357, an increase of 48.5 % over last year. During the Period, Honghua assisted clients in breaking multiple records throughout the year. At Fuling block, an average daily fracturing construction record of 5.6 stages and a daily fracturing construction record of 8 stages were achieved. Moreover, Honghua's fracturing crews created a record of 366.7 tons of sand addition during operation, setting a new sand addition record following PetroChina's sand addition record during deep shale gas single-stage reservoir reconstruction, further responding to market recognition. Following Honghua's first shale gas fracturing engineering service contract in 2019, after expanding the scope of operations from single pumping service to comprehensive electric fracturing services, Honghua obtained a complete set of electric fracturing equipment leasing and service contract in Changning that worth RMB325 million from CNPC Western Drilling, a subsidiary of PetroChina, as well as all-electric fracturing engineering service contracts for three shale gas platforms in a block in Chongqing that worth RMB288 million.

FLEXIBLY ADJUSTED BUSINESS STRATEGY TO SATISFY THE EVOLVING NEEDS OF CLIENTS, PROMOTED SALES IN PARTS & COMPONENTS SEGMENT
Although the overseas market was affected by factors including the pandemic and oil prices, Honghua managed to adopt a flexible sales mechanism to seize the needs of customers for parts and components updates and upgrades and deepened the long-term partnerships. During the Period, revenue from parts & components increased by 6.5% RMB1.722 billion from RMB1.617 billion in 2019. In Russia, relying on the long-term cooperative relationship with existing customers, Honghua signed a framework agreement for the procurement of oilfield stimulation equipment worth USD30 million, which included several sets of top drives, direct-drive pumps, retrofit rigs and other products independently developed by Honghua. The independent sales of mud pumps increased by 83.0% as compared to the corresponding Period of last year, mainly attributable to the achievement of mass sales of mud pumps due to the shortlisting of Sinopec's annual drilling mud pump framework agreement this year.

LEVERAGED THE BACKGROUND AS A STATE-OWNED ENTERPRISE, AND ADD NEW ENERGY BUSINESS OFFERING WITH FLEXIBILITY
Honghua responded to national policies and deployed new energy industry actively to counterbalance cyclical fluctuation risks of the traditional petrochemical industry. Relying on its advantages as a state-owned enterprise and utilizing its existing manufacturing capacity, Honghua successively entered into offshore wind power construction agreements with state-owned enterprises, with orders totaling over RMB1 billion throughout the year.

OUTLOOK
At the beginning of 2021, the COVID-19 pandemic remains not yet fully under control, and there are still many uncertainties in the oil and gas market. In the long run, low-carbon and clean energy will be the direction of future development, which will pose challenges to the traditional petrochemical industry. Nevertheless, we still see many positive factors are emerging in the short term. With the expected large-scale vaccination programs, and the oil prices in stable recovery as a result of the ongoing joint production cuts, the "darkest moment" of the oil and gas industry had passed. In 2021, Honghua will further develop fracturing equipment as its core business to satisfy clients' needs of reducing costs and enhancing efficiency via adhering to the national energy security strategy, grasping domestic industry opportunity of increasing energy reserve, and responding to market demand for high efficiency and sustainability. Moreover, Honghua will also pay close attention to the delivery of offshore wind power projects and subsequent market expansion. At the same time, in light of the bottoming out in the overseas market, Honghua will seize the strong demand arising from the recovery of the overseas market and strengthen development and sales of its principal business of drilling rigs and promote the execution of major domestic and overseas orders. To be a world-class and domestically leading supplier of integrated solutions for energy development, Honghua will further enhance cost control and optimize supply chain management to increase cash turnover efficiency as well as strengthen the reserve and training of strategic and innovative young talents and accelerate the digital transformation of the Company for high-quality and high-efficiency sustainable growth.

About Honghua Group Ltd
Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.

This press release is issued by Institutional Capital Advisory (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:

Institutional Capital Advisory (Asia) Limited
Tel: +86 (21) 8028-6033
E-mail: honghua@icaasia.com


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Mar 30, 2021 – (ACN Newswire) – The globally leading onshore oil rig supplier Honghua Group Limited (Ticker: 196.HK, "Honghua" or "the Company") today announced unaudited consolidated annual results for the twelve months ending on 31 December 2020 ("the Period").

During the Period, the Company encountered the COVID-19 pandemic and oil price fluctuation. Honghua's revenue from continuing operations decreased by 11.2% to RMB3.931 billion from RMB4.426 billion in 2019. Profit attributable to shareholders of the company was RMB50 million in 2020. Despite numerous challenges posted by the pandemic and the plunge in crude oil price, Honghua achieved profitability in three consecutive years due to rapid growth of its core business as well as expansion of new businesses.

AGAINST THE BACKDROP OF NATIONAL ENERGY SECURITY STRATEGY, HONGHUA'S FRACTURING BUSINESS CONTINUED TO GROW RAPIDLY
Although Brent oil price plunged in 2020, the Chinese government still prioritized national energy security and was determined to expand domestic oil & gas exploration to satisfy domestic market demand. National Development and Reform Commission ("NDRC") and National Energy Administration ("NEA") jointly announced Guiding Opinions on Energy Security in 2020, which specified plans to promote domestic energy production and improve supply capabilities, increase inputs in oil & gas exploration as well as oilfield outputs, and accelerate exploration of unconventional oil & gas resources. Benefiting from such strategy, Honghua highly valued unconventional oil & gas equipment and service business within the Company, resulting in revenue growth of 29.5% in the Chinese market. Revenue from the domestic market accounted for 73.9% of total revenue, reaching the historic high since IPO.

During the Period, the Company's sales and product R&D have all made significant breakthroughs. Honghua sold 4 sets of electric fracturing pumps, and launched the first set of electric coiled tubing in China and electric automatic sand transportation and storage device. Compared with traditional diesel-driven coiled tubing, electric coiled tubing innovated and improved in three aspects, i.e., performance and efficiency, automation, and synchronization control. The electric automatic sand transportation and storage device was successfully rolled off the production line and realized the first well site operation. Adhering to the concept of the overall development of electric fracturing and taking 6000HP electric fracturing pump as core equipment, Honghua launched numerous complete sets of electric fracturing equipment in turn, including electric fluid supply skid, command control center, flexible tank, high-pressure manifold, electric coiled tubing, and automatic sand transportation and storage device.

In the stage of exploring cost-reducing, efficiency-enhancing, and eco-friendly development models, Honghua facilitated large-scale development of unconventional oil & gas with electric fracturing equipment. Therefore, the Company's pumping service achieved explosive growth, with stages of pumping service offered throughout the year amounting to 4,357, an increase of 48.5 % over last year. During the Period, Honghua assisted clients in breaking multiple records throughout the year. At Fuling block, an average daily fracturing construction record of 5.6 stages and a daily fracturing construction record of 8 stages were achieved. Moreover, Honghua's fracturing crews created a record of 366.7 tons of sand addition during operation, setting a new sand addition record following PetroChina's sand addition record during deep shale gas single-stage reservoir reconstruction, further responding to market recognition. Following Honghua's first shale gas fracturing engineering service contract in 2019, after expanding the scope of operations from single pumping service to comprehensive electric fracturing services, Honghua obtained a complete set of electric fracturing equipment leasing and service contract in Changning that worth RMB325 million from CNPC Western Drilling, a subsidiary of PetroChina, as well as all-electric fracturing engineering service contracts for three shale gas platforms in a block in Chongqing that worth RMB288 million.

FLEXIBLY ADJUSTED BUSINESS STRATEGY TO SATISFY THE EVOLVING NEEDS OF CLIENTS, PROMOTED SALES IN PARTS & COMPONENTS SEGMENT
Although the overseas market was affected by factors including the pandemic and oil prices, Honghua managed to adopt a flexible sales mechanism to seize the needs of customers for parts and components updates and upgrades and deepened the long-term partnerships. During the Period, revenue from parts & components increased by 6.5% RMB1.722 billion from RMB1.617 billion in 2019. In Russia, relying on the long-term cooperative relationship with existing customers, Honghua signed a framework agreement for the procurement of oilfield stimulation equipment worth USD30 million, which included several sets of top drives, direct-drive pumps, retrofit rigs and other products independently developed by Honghua. The independent sales of mud pumps increased by 83.0% as compared to the corresponding Period of last year, mainly attributable to the achievement of mass sales of mud pumps due to the shortlisting of Sinopec's annual drilling mud pump framework agreement this year.

LEVERAGED THE BACKGROUND AS A STATE-OWNED ENTERPRISE, AND ADD NEW ENERGY BUSINESS OFFERING WITH FLEXIBILITY
Honghua responded to national policies and deployed new energy industry actively to counterbalance cyclical fluctuation risks of the traditional petrochemical industry. Relying on its advantages as a state-owned enterprise and utilizing its existing manufacturing capacity, Honghua successively entered into offshore wind power construction agreements with state-owned enterprises, with orders totaling over RMB1 billion throughout the year.

OUTLOOK
At the beginning of 2021, the COVID-19 pandemic remains not yet fully under control, and there are still many uncertainties in the oil and gas market. In the long run, low-carbon and clean energy will be the direction of future development, which will pose challenges to the traditional petrochemical industry. Nevertheless, we still see many positive factors are emerging in the short term. With the expected large-scale vaccination programs, and the oil prices in stable recovery as a result of the ongoing joint production cuts, the "darkest moment" of the oil and gas industry had passed. In 2021, Honghua will further develop fracturing equipment as its core business to satisfy clients' needs of reducing costs and enhancing efficiency via adhering to the national energy security strategy, grasping domestic industry opportunity of increasing energy reserve, and responding to market demand for high efficiency and sustainability. Moreover, Honghua will also pay close attention to the delivery of offshore wind power projects and subsequent market expansion. At the same time, in light of the bottoming out in the overseas market, Honghua will seize the strong demand arising from the recovery of the overseas market and strengthen development and sales of its principal business of drilling rigs and promote the execution of major domestic and overseas orders. To be a world-class and domestically leading supplier of integrated solutions for energy development, Honghua will further enhance cost control and optimize supply chain management to increase cash turnover efficiency as well as strengthen the reserve and training of strategic and innovative young talents and accelerate the digital transformation of the Company for high-quality and high-efficiency sustainable growth.

About Honghua Group Ltd
Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As one of the leading land drilling equipment manufacturers in the world and the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.

This press release is issued by Institutional Capital Advisory (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:

Institutional Capital Advisory (Asia) Limited
Tel: +86 (21) 8028-6033
E-mail: honghua@icaasia.com



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Feb 1, 2021 – (ACN Newswire) – Honghua Group Limited (Stock Code: 196.HK, "Honghua" or the "Company"), a leading onshore oil rig supplier is pleased to announce that the Company has recently successfully developed the first electric coiled tubing in China and the first "one-key linkage" automated machine tool system in China, named Rapid Tripping System (RTSTM). In addition, Honghua has recently signed an order for two sets of electric coiled tubing, realizing achievements in both scientific research and commercialization.

Recently, based on the successful promotion of electric fracturing complete sets of equipment and the R&D advantages of power motors and electronic control systems, and adhering to the design concept of "fully electrically driven, intelligent fracturing", Honghua independently developed the first set of electric coiled tubing and successfully completed the industrial tests in January 2021. Right after the tests, Honghua landed an order for two sets of electric coiled tubing, which were expected to be used in shale gas development in Sichuan and Chongqing. Electric coiled tubing is another crucial part of Honghua's fully electric fracturing equipment. Focusing on electric fracturing pumps, Honghua has now established complete sets of electric fracturing equipment, which have been successfully applied to multiple well sites in Sichuan and Chongqing.

Coiled tubing can be widely used in multiple oil and gas field operations, including drilling, completion, logging, workover and fracturing. It is also known as the "all-purpose operating machine". Honghua's electric coiled tubing is innovative and competitive in three aspects: performance and efficiency, automation and synchronized control. The main drive of the equipment is now electric – this is disruptive as the industry relied on diesel engine and hydraulic motor drive. A substantial improvement in performance and efficiency has been realized. The operating cabins adopt digital control and display systems to improve automation. Backed by smart algorithm, the operators are able to conduct high-precision synchronous control of the injection head. Moreover, the electric coiled tubing also reduces environmental pollution caused by hydraulic pressure and noise. It also adopts a unique organic combination of semi-trailers and skids to improve the adaptability of the operating machine to domestic mountainous and hilly areas. Such R&D achievements have solved a number of application problems of conventional coiled tubing. The swift leap forward from R&D to purchase order further proves the commercialization ability of Honghua – this is also an inspiring recognition from the market.

According to Spears & Associates, a leading oilfield consulting service provider, the market size of global coiled tubing services has exceeded USD5 billion in 2019. In recent years, with the continuous improvement of the geological understanding of shale oil and gas in North America and the continuous improvement of horizontal well and fracturing technology, coiled tubing technology has played a pivotal role in accelerating the development of unconventional oil and gas resources. In September 2016, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Land and Resources and the National Energy Administration of China jointly issued "Shale Gas Development Plan (2016-2020)", striving to achieve an annual output of 80 billion to 100 billion cubic meters by 2030. Looking ahead, China's annual natural gas output is expected to reach 260 billion cubic meters in 2035, with unconventional gas output accounting for more than 44%, entering the real unconventional gas era. Sichuan and Chongqing are rich in natural gas resources. With the large-scale development of shale gas and conventional sour natural gas, coiled tubing operation technology, which is a key technology for horizontal well stimulation and transformation operations, is expected to usher in a new period of development opportunities. As the requirements for cost reduction, efficiency enhancement and green development continue to increase, intelligent electric equipment will become the mainstay of China's unconventional oil and gas development equipment due to its high degree of automation, outstanding stability at low speed, low noise output and eco-friendly characteristics.

At the same time, Honghua successfully developed and launched Rapid Tripping System ("RTS"), which is composed of a centralized control Zone Management System ("ZMS"). RTS is composed of two parts, and the efficient parallel linkage of the participating equipment is realized through process-based automatic operation, which is safer. It optimizes the system integration, operation process, and tripping speed of the existing equipment. In an experiment on a 5,000-meter rig, the system successfully increased the tripping speed of the rig by 35% and reduced the number of operators by 50%. It is expected that the system can meet the needs of the market for renewal and iteration of stock rigs. The successful research and development of RTS is another milestone for Honghua in the process of improving drilling automation and informatization.

About Honghua Group Ltd
Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC"). As a world-leading land drilling equipment manufacturer and one of the largest land drilling rig exporter in the PRC, Honghua is primarily engaged in developing and manufacturing land drilling equipment (drilling rigs, parts and components as well as downhole tools, etc.), completion products (including fracture package), offshore drilling module and package as well as shale gas and oil exploration and development service. Leveraging strong R&D capability, high-quality production facilities and a mature international sales network, Honghua's products have been sold to a large number of famous enterprises all over the world, across major oil-production regions such as North America, the Middle East and emerging markets including South America, South Asia, Russia, Central Asia and Africa. In the future, Honghua will continue to focus on its key businesses while increasing the resource allocation to unconventional oil and gas business and the "energy + internet" field. Honghua aims at becoming a world leading oilfield service provider.

This press release is issued by Institutional Capital Advisory (Asia) Limited on behalf of Honghua Group Co., Ltd. For any enquiries, please contact:

Institutional Capital Advisory (Asia) Limited
Tel: +86 (21) 8028-6033
E-mail: honghua@icaasia.com



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Jan 25, 2021 – (ACN Newswire) – VPower Group International Holdings Limited ("VPower Group", stock code: 1608.HK) has announced a positive profit alert that the net profit of the company for the year ended 31 December 2020 is expected to increase by more than 70% as compared with that of HK$283.6 million for the year of 2019. The expected increase is mainly attributable to the growth of both the power system integration (SI) business and the Investment, Building and Operating (IBO) business, and the significant contribution from VPower Group's joint venture, CNTIC VPower Group Holdings Limited ("CNTIC VPower"). VPower Group's potential should be on investors' watch.

CNTIC VPower is a 50-50 joint venture of VPower Group and China National Technical Import and Export Corporation ("CNTIC") established last year to jointly develop Myanmar's first batch of liquified natural gas (LNG)-to-Power projects, and provide one-stop LNG solution integrating LNG import, logistics, storage and regasification to the country. These projects have an aggregate installed capacity of 1,059.5MW, which exceeded the total capacity of all projects invested by VPower Group in the past few years. Upon entering into the respective power purchases agreements in June last year, these projects, with great growth potential, have commenced operation in phases and have already started to contribute profits to the Group.

VPower Group is the largest independent power producer in Myanmar, with a market share close to 25%. As Myanmar has an electrification rate of only 50%, VPower Group's introduction of LNG can satisfy the country's growing electricity demand and broaden its energy mix whilst providing a more environmentally friendly and sustainable power generation source. As such, it is believed that such LNG-to-Power projects in Myanmar will provide sustainable growth to VPower Group.

VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in SI business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and IBO business, involving investing in, building and operating distributed power stations to supply reliable electricity. Over the years, VPower Group has established a global business presence, investing and operating DPG stations in power-deficient countries in Southeast Asia, such as Myanmar, Indonesia and Sri Lanka. VPower Group is now a leading distributed power station owner and operator in Asia.



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Zheng Zhou, Jan 19, 2021 – (ACN Newswire) – The Fourth Session of the 13th People's Congress of Henan Province and the Fourth Session of the 12th Henan Provincial CPPCC (hereinafter referred to as the "Henan Two Sessions") opened in Zhengzhou on January 18 and January 17, 2021, respectively. At the meeting, the "14th Five-Year Plan" and long-term goals for 2035 were put forward, in which the implementation of rural construction activities was placed in an important position. The government work report mentioned that in 2021, the upgrade of rural infrastructure will be accelerated, the implementation of the "gasification village" project will be accelerated, and 2 million rural natural gas users will be added. As a pioneer and important participant in the gasification of rural areas in Henan Province, China Tianlun Gas Holdings Co., Ltd. (1600.HK, hereinafter referred to as "Tianlun Gas" or "Company") will benefit from this policy.

According to reports from Henan Dahe Finance Cube,in Henan, Tianlun Gas is the pioneer and leader of rural gas construction. In July 2018, Yuzi Holding and Tianlun Gas jointly established Henan Yutian New Energy Co., Ltd. (hereinafter referred to as Yutian New Energy), and jointly established Henan Yuzi Tianlun New Energy Investment Fund with a total scale of 50 billion yuan. Used to invest in rural gasification projects and natural gas upstream and downstream industrial chains in Henan Province.

Nowadays, Tian Lun Gas is making efforts in the upstream and downstream industries of gasification villages at the same time. It plans to provide multi-level products by extending the industrial chain and actively integrate into the domestic cycle. As the director of Tianlun Group, Zhang Daoyuan, also a member of the Provincial Committee of the CPPCC, said that the province's gasification and rural construction should be promoted in five levels: the province's overall planning, clarification of competent departments, improvement of organizational structures and implementation systems, strengthening of funds and gas sources, and innovation of gas franchise rights.

At the Henan two sessions, the "Fourteenth Five-Year Plan for National Economic and Social Development of Henan Province and the Outline of Long-term Goals for 2035 (Draft)" was put forward. The draft predicts that during the 14th Five-Year Plan period, the average annual growth rate of Henan Province's main economic indicators will be higher than the national average with an average annual growth rate of about 6% and the urbanization rate of the permanent population will exceed 60%. The main expected goals for economic and social development this year are GDP growth by more than 7%, industrial added value above designated size by about 7%, and fixed asset investment by 6%. The urbanization rate of the permanent population will increase by about 1.3%, and the energy consumption per 10,000 yuan of GDP will be reduced by about 3%. (Source: The "Fourteenth Five-Year Plan for National Economic and Social Development of Henan Province and the Outline of Long-term Goals for 2035 (Draft)")

In addition to economic goals, the draft also emphasizes ecological construction and rural construction-related work. The draft put forward to implement the concept of green development, continue to improve environmental quality, strengthen precise prevention and control of air pollution, basically eliminate heavily polluted weather, actively practice green development methods, in-depth adjustment and optimization of industrial structure, energy structure, transportation structure, land use structure and agricultural investment structure, and continue to reduce the intensity of carbon emissions and reduce the proportion of coal in total energy consumption by about 5 percentage points. Among the eight key tasks to be done this year, promoting rural revitalization, accelerating agricultural and rural modernization were specially strengthened. Accelerate the implementation of the "Gasification Village" project, add 2 million rural natural gas users, optimize and upgrade rural infrastructures such as water, electricity, roads, communications, radio and television, and logistics, and improve the level of rural public services. In 2020, Henan will comprehensively improve the living environment in rural areas. Pipeline natural gas will enter more than 1.2 million villages while vigorously promoting energy conservation and carbon reduction. Promote clean production and green transformation in key industries, promote the use of environmentally friendly and energy-saving equipment and products, implement the project of entering enterprises and parks on special railway lines, and launch low-carbon pilot projects in multiple fields to improve the level of green development. (Source: The "Fourteenth Five-Year Plan for National Economic and Social Development of Henan Province and the Outline of Long-term Goals for 2035 (Draft)")

In the 2035 long-term goal, it is emphasized that in the construction of an ecologically strong province, the ecological environment will be fundamentally improved, and the Yellow River Basin will be the first to achieve a healthy and stable ecosystem, a wide range of green production and lifestyles and a steady decline in carbon emissions after peaking and then realize the modernization of harmonious coexistence between human beings and nature. (Source: The "Fourteenth Five-Year Plan for National Economic and Social Development of Henan Province and the Outline of Long-term Goals for 2035 (Draft)")



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com