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Sinochem’s 2006 performance stands on a new level

Date:2007-02-28 Source:Sinochem Group

In 2006, Sinochem maintained its strong development momentum as the world economy continued to grow and Chinas rapid economic expansion remains unabated. Sinochems sales revenue registered as RMB 180 billion with the growth of 6% yearly. It also reaped the profit of over RMB 4 billion, a remarkable 27% growth. Sinochem has fulfilled all the performance evaluation indexes set by SASAC to become an A-rated Caliber company. Sinochem got the highest rating A among its central SOEs peers in 2004 and 2005.

 

Sinochems core businesses were further highlighted. More than 40% of Sinochems profit was contributed by the companys non-trading branches which illustrate Sinochems enhanced profitability in its industrial sectors.

 

Sinochem has also maintained sound financial structure to put the liability risks well under control. The streamlining of Sinochems management has paved solid ground for the Corporations future growth.