Empowering Industrial Enterprises by Professionalizing Procurement Through EPEC's Smart Digital Ecosystem

In his report to the 20th CPC National Congress, General Secretary Xi Jinping highlighted the need to "accelerate the development of the digital economy and further integrate it with the real economy". In response, Sinopec has actively embraced the momentum of digital economic development, forging new paths in the new economy and laying a strategic foundation for the new development. Leveraging its robust industrial chain, the Company has taken procurement and supply chain management as a starting point, focusing on user demands and strengthening its capabilities in material procurement. Sinopec has also made all-out efforts in promoting internet-based innovations in supply chain management, working to build EPEC—its e-commerce platform for industrial products—into a key driver of China's modern economic system.

Building a Global E-commerce Platform for Industrial Products

Driven by its mission to professionalize procurement, EPEC has pioneered a supply-chain-to-business (SC2B) e-commerce model, characterized by information sharing and digital connectivity, consistently delivering services in procurement, sales, bidding, and comprehensive value-added support. Its goal is to create a transparent, trustworthy, green, safe, open, and collaborative digital supply chain ecosystem. By providing industrial enterprises with a one-stop, comprehensive solution combining platform infrastructure, resource networks, and digital tools, EPEC has worked toward becoming a globally recognized e-commerce platform for industrial products. By the end of 2024, the platform had registered 177,000 enterprises and listed over 8 million products online, with total transactions on its Chinese-language website reaching CNY 225.4 billion for the year.

Crafting "Easy" Line of Service Tools

Easy International is EPEC's platform developed to support industrial enterprises worldwide with comprehensive services in product display and promotion, service delivery, and trade financing. Currently available in English, Russian, and Spanish, it is connected to EPEC's Chinese-language website. By the end of 2024, the platform offered more than 22,000 products and had established partnerships with more than 400 enterprises across 72 countries and regions participating in the BRI. It was also recognized by the UN Global Compact as a "Best Practice of Chinese Enterprises in Achieving Sustainable Development Goals".

Easy Auction is EPEC's dedicated platform for the disposal of idle and obsolete materials. It offers enterprises a systematic solution for disposing surplus resources, including waste materials, idle assets, and second-hand equipment. By the end of 2024, Easy Auction had provided services to nearly 800 enterprises, released over 10,000 disposal listings, and facilitated transactions totaling nearly CNY 3.9 billion, generating an estimated CNY 800 million in economic benefits for participating enterprises.

Easy Emergency Response is a dedicated platform designed to meet urgent needs during natural disasters, equipment malfunctions, accidents, public safety incidents, and other emergencies. By the end of 2024, the platform had integrated over 200,000 inventory records, covering nearly all emergency supply items required by petroleum and petrochemical enterprises.

Easy Insurance provides risk assessment, tailored coverage, and comprehensive insurance solutions designed for industrial enterprises. Its offerings span property protection, quality assurance, logistics coverage, and employee benefits throughout the business lifecycle. By the end of 2024, Easy Insurance had served over 9,000 platform enterprises, achieving a premium transaction volume of CNY 83.54 million.

Easy Logistics is EPEC's digital logistics management platform created to help enterprises optimize resource allocation and reduce logistics costs. Its core functions include online transactions, route monitoring, logistics operations management, and goods receipt and delivery. By the end of 2024, the platform had registered over 4,500 logistics service providers and 100,000 freight trucks.

EPEC is committed to hosting industrial products exhibitions that offer both online and offline exhibition services for enterprises in China and around the world. To date, three editions of the EPEC Industrial Products Exhibition have been successfully held, attracting over 1,500 exhibitors across a total exhibition space of 168,000 square meters. In addition, EPEC has launched vertical exhibitions, including the 2023 Water Treatment Technology and Equipment Exhibition and the 2024 EPEC Petroleum & Petrochemical Equipment Exhibition.

In October 2024, the 3rd EPEC Industrial Products Exhibition was successfully held under the theme "Innovation, Green, Digital Intelligence, Empowerment". Spanning five themed exhibition zones across 80,000 square meters, the event welcomed over 640 participating enterprises, attracted a total of 80,000 on-site visitors, and recorded 23 million online views.