China Grain Storage Oil Co., Ltd. is not a listed company. China Grain Storage Oil Co., Ltd. (formerly China Grain Storage Dongfang Economic and Trade Co., Ltd.) is a wholly-owned subsidiary established by China Grain Reserve Management Corporation. China Grain Reserve Management Corporation (hereinafter referred to as China Grain Reserve Corporation) is a large-scale state-owned backbone enterprise established with the approval of the State Council, which involves national security and the lifeline of the national economy. Entrusted by the State Council, China National Grain Storage Corporation is responsible for the operation and management of central grain reserves (including central reserve oil, the same below). At the same time, it is entrusted by the state to carry out control tasks such as the purchase, sale and storage of grain and oil. Under the macro-control and supervision of the state, it operates independently and is responsible for its own profits and losses.

China Grain Storage Grease Co., Ltd. is a specialized company established by China Grain Reserve Management Corporation, which is responsible for the management of grease. Its main tasks are: first, manage the central reserve oil, ensure the real quantity and good quality of the central reserve oil, and ensure that the country can adjust and use it when it is in urgent need; The second is to implement the state's macro-control task on the oil market, maintain market stability and safeguard farmers' interests; Third, do a good job in the rotation of central reserve oil, carry out oil management and improve market share; Fourth, develop the oil processing industry and logistics system, extend the industrial chain, and gradually develop the company into a large-scale specialized oil company integrating warehousing, trade, processing and import and export.

The business scope of China Grain Oil Co., Ltd. is: the acquisition, storage, processing, sales and related business of central reserve oil; Grain and oil purchase, storage, processing, sales, inspection and related equipment, materials and packaging sales; Import and export business.

At present, China Grain Storage Oil Company directly manages oil storage warehouses all over the country, and wholly owns or holds various oil processing plants, grain and oil transit, trading, futures brokerage companies and other enterprises.