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| Company type | Public |
|---|---|
| SGX: G92 | |
| Headquarters | 8 Temasek Boulevard #31-02
Suntec Tower Three Singapore 038988 |
| Parent | China National Aviation Fuel |
China Aviation Oil (Singapore) Corporation Ltd (CAO) is the largest purchaser of jet fuel in the Asia Pacific region and supplies jet fuel to the civil aviation industry of the People's Republic of China (PRC). CAO supplies to the three key international airport in the PRC, i.e. Beijing Capital International Airport, Shanghai Pudong International Airport and Guangzhou Baiyun International Airport, and accounts for more than 90% of PRC's jet fuel imports. CAO also engages in international trading of jet fuel and other oil products such as fuel oil and gas oil.[1] CAO owns investments in strategic oil-related businesses, which include Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd[2] and China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd.
The company was incorporated on 26 May 1993, and has been listed on the Singapore Exchange since December 2001.
Revenue for 2023 was $14.4bn (down 12.4% from $16.5bn in 2022 due to falling oil prices and trading volume). Revenue was also affected by a reduced number of international flights - according to the Civil Aviation Administration of China, there were only 3,368 international passenger flights per week at the end of June (that's 44% of pre-pandemic levels).[3] However, net income for 2023 was $58.9 million (up 75.5 per cent from $33.5 million in FY 2022).[4]
- ^ Ho, Jovi (3 February 2022). "RHB looks past China Aviation Oil's profit warning, optimistic on gradual traffic recovery". The Edge Singapore. Archived from the original on 17 February 2022.
- ^ Lam, Fiona (30 September 2020). "Broker's take: RHB upgrades China Aviation Oil to 'buy' as air traffic improves". www.businesstimes.com.sg.
- ^ "China Aviation Oil on the road to recovery despite underwhelming results in first half: OCBC Securities". The Straits Times. Archived from the original on 7 February 2024. Retrieved 25 March 2024.
- ^ "China Aviation Oil H2 profit up 182% to US$39.1 million amid air travel recovery". The Business Times. Archived from the original on 7 March 2024. Retrieved 25 March 2024.