China Huarong Energy Co (HKSE:01101) Policy Acquisition Expense

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What is China Huarong Energy Co Policy Acquisition Expense?

Policy Acquisition Expense only applies to insurance companies.

China Huarong Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » Policy Acquisition Expense

Comparable Companies

Traded in Other Exchanges

XYTA:Germany

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.

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