The finance center of Shaanxi Yanchang Petroleum (Group) Corp. Ltd. is set up as one of the five major professional sections according to the Act to Reshuffle Northern Shaanxi Petrol Businesses by Shaanxi provincial CPC Committee and government. Directly under the group company, the center is mainly responsible for the concentrated management of financial affairs in the group company and its subsidiaries, and the operation management of the capital for the group company. Under the center there are five sections including the overall, planning, capital, management, and accounting, and two checking units in Yan’an and Yulin.
Under the wise leadership of the group company since its birth, the finance center carefully carried out the reshuffling act and has built up the system of finance management, accounting, and checking that matches the management needs of the group company. Since Feb. 1, 2006 when the new finance system began to run, the center insists on treating capital management as the priority, efficiency management as the center, and budget management as the means, actively pushing the capital management model “two lines for earnings and spending”. The system of comprehensive finance budget management, accounting and checking, and tax paying is gradually becoming regular and perfect, with the overall operation secure and stable.
During the “11th Five-Year Plan” period, the finance center, under the correct leadership of the group company guided by the scientific outlook for development, will take control of the overall situation of the finance work in the group company, continue to perfect the finance operation system, innovate the finance management regime, strengthen finance supervision, prevent financial risks, actively expand financing channels, raising the quality of capital operation, offer strong financial support for the group company’s faster and better economic development and building a harmonious petrol business, and strive for a bigger and stronger Yanchang Petrol!