Hainan Youxuan Petroleum and Petrochemical Equipment Co., Ltd., established in November 2022, is jointly funded by three oil equipment manufacturing enterprises. The company is well aware of the transaction and communication barriers faced by the industry. Therefore, it established the Upetrol platform (www.upetrol.net). After more than seven months of technical development, the Upetrol platform officially started its operations in June 2023. Just six months after launching, it has attracted more than 2000 enterprises to join. In December 2023, Hainan Youxuan officially established a subsidiary - Upetrol (Hainan) Network Technology Co., Ltd., which will be dedicated to creating a digital trade platform for the petroleum and petrochemical industry supply and procurement enterprises in the future, making trading and communication simpler.The company's business encompasses new petroleum and petrochemical equipment, promotion and sales of new products, sales of second-hand equipment and materials, equipment leasing, talent exchange, technical services and technology transfer, bidding services, auction services, and logistics services. Currently, it has established long-term strategic cooperation with many oil enterprises, petroleum and petrochemical equipment manufacturing enterprises, bidding and auction partners, providing more enterprises with more professional industry resource services. At the same time, it has deep cooperation with the China Petroleum and Petrochemical Industry Equipment Association, striving to become the association's display platform for new technologies, new products, and new materials, and also become an important publicity and promotion window for the association's member enterprises.