On July 17, the State-owned Assets Supervision and Administration Commission of the State Council announced the appraisal results of the heads of China’s central enterprises in 2017. Sinochem Group successfully met all appraisal indicators and was again awarded Level A. As of this year, Sinochem has won the honor of Level A for the 13th times.
In 2017, Sinochem Group worked together with top-down efforts to have achieved a comprehensive growth in operating profit with the five strategic business units. The company’s various business objectives were successfully met, and operating performance reached a historical record high. Among them, the operating revenue exceeded RMB500 billion for the first time, recording RMB518.8 billion, an increase of 31.2% over the same period last year. The total profit increased significantly, amounting to RMB13.5 billion, an increase of 67.8% over the same period last year.
In recent years, Sinochem has unremittingly promoted strategic transformation and management reform, and has achieved positive results. The company is forming an all-round, multi-level, three-dimensional innovation landscape, and is embarking on a new and more vital growth track.