2.Analysis of Production Operations and Financial Statue....................................... 110

3.The Analysis of Competitive Advantage and Development Strategy.................... 114

4.The development prospects..................................................................................... 121

Section 6 Tongyi Lubricating Oil................................................................................ 122

1. Profile..................................................................................................................... 122

2. Analysis of Production Operations and Financial Statue...................................... 123

3. The Analysis of Competitive Advantage and Development Strategy................... 126

4.Development and Prospects.................................................................................... 127

Chapter Ⅷ............................................................................................................. 129

Industrial Investment Opportunity and Risk Analysis.............................. 129

Section 1 Industry investment environment evaluation............................................... 129

1. Industrial fixed assets investment analysis............................................................ 129

2. Projects under-construction and in planning.......................................................... 129

3. Investment and opportunities Analysis.................................................................. 132

Section 2 Lubricating oil Investment Nature Analysis................................................ 133

1. Industrial bulwark and effects............................................................................... 133

2. Industrial Investment Risk Analysis...................................................................... 135

Section 3 The international lubricating oil companies’ investment in China.............. 137

1. China domestic lubricating oil market................................................................... 137

2. Current Status of International companies investment in China........................... 138

3. The Investment strategy of international lubricant company in China market...... 140

4. The competition strategy of China local lubricating oil enterprise......................... 144

Section4 The advise on the investment strategy.......................................................... 145

1. Middle and Small Brand: Be strong at subdivision market................................... 145

2. Domestic Big Brand: Domestic production and internationalization.................... 145

Section 5 What China domestic lubricating oil company could learn from international companies’ strategy?................................................................................................................................... 146

1. Import of R&D equipment will decrease the cost................................................. 148

2. Co-invest to set up additive company will help on increasing the competition advantage   148