On September 9th, during its 2026 semi-annual online performance briefing, Heshun Petroleum revealed that the refined oil retail and wholesale sectors, in which it currently operates, are at a pivotal juncture characterized by structural adjustments, transformations, and upgrades. Meanwhile, the semiconductor industry—the new frontier Heshun Petroleum is venturing into—is witnessing a surge in downstream demand. Additionally, the industry is at a critical phase of import substitution, presenting immense market potential.
The company's acquisition of InnoChips Technology marks a major milestone in its strategic shift towards the semiconductor sector. Looking ahead, Heshun Petroleum plans to further increase its investment in this promising field. This move is part of its broader strategy to diversify its business portfolio and mitigate the cyclical risks associated with its traditional core operations.
