On Apr.26th, Sinochem Group held the conference to evaluate the first quarter’s operational performance. In the first quarter of 2005, Sinochem maintained its strong development momentum. Under the favorable macro-economic condition, Sinochem has achieved remarkable operational results. Our sales revenue and profits in the first quarter both excelled what we accomplished the first quarter last year. This is the consecutive fourth year that we made the strong start.
According to the statistics from the State-owned Assets Supervision and administration Commission, among 177 central state-owned enterprises, we ranked the fifth in terms of the first quarter’s sales revenue. Our proceeds and profitability’s speed of growth is well over the average level of the overall central state-owned enterprises. In the 31 commerce and trading central state-owned enterprises, Sinochem’s proceeds and profits both stand as the Number 1.