At its 2026 interim results online briefing, Heshun Petroleum said its
refined-oil retail and wholesale business is entering a period of structural
adjustment and upgrading. The company has acquired Kuixin Technology as a
strategic entry into the semiconductor sector and said it will continue to
increase investment in semiconductors to diversify and hedge cyclicality in its
traditional oil business, citing rapid downstream demand growth and a
domestic-substitution window.
