According to China Securities Daily and Shanghai Securities Daily, Shanghai Stock Exchange (SSE) will readjust the component shares of SSE 50 index on January 3, 2005. Sinochem International, with standardized corporate governance, remarkable business performance, sound investor relations and sustained active market presence, is incorporated into the SSE 50 index.
Over the past 6 years since establishment, Sinochem International has been committed to establishing and optimizing the corporate governance structure, promoting the implementation of the market-oriented strategy, enhancing core profitability and generating shareholder values. By the third quarter of 2004, the company achieved RMB 2.2 billion of sales and RMB 745 million of net profit, up 316.19% over the same period of last year and hitting historical highs. Its contribution to the investment value increase of initiator shareholders has exceeded 700%. As a result, it has been named among the Fortune Top 100 Chinese Listed Companies for 4 consecutive years and was added into the SSE 180 index. Its incorporation into the SSE 50 index recently not only indicates the recognition of its development by the capital market and a result of its pursuit of better performance but also raises higher demand for its future operational management and capital market.