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Description of business:
China Rerun is an established and profitable producer of lubricant products for the Chinese domestic automotive, industrial and agricultural markets. Based in Daqing, north-eastern China, it operates principally under the "Runyuan" and "Black E" brands and its products are sold through a network of third party distributors, some of whom operate branded automotive garages. In 2012, the group commenced a programme of directly operating mobile lube oil replacement and servicing vans with the aim of growing this business into a nationally recognised chain. Daqing Runyuan Chemical Factory was established in 1993 and Mr Xinghe Wu was engaged in its operation since its incorporation. In 2000, Mr Wu established Daqing Runyuan to produce and distribute lubricating oil which it continues to do today for the automotive, agricultural and certain industrial markets. The group manufactures 29 types of lubricating oil, which it categorises into three areas as well as antifreeze. The products are of 68 grades and are further packaged into different volume containers making a total range of 109 products. The Directors estimate that, for the year to 31 August 2012, the group sold approximately 12.5 million litres of lubricating oil, across the product range. The group recorded revenues for the year to 31 August 2012 of RMB 226 million (circa 22.6 million) producing net profit of RMB 20 million (circa 2 million). All sales are made in the PRC, through a network of 30 authorised distributors, spread throughout 13 provinces and two municipalities of the country.

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China Rerun Chemical Group Ltd

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