In 2006, Sinochem maintained its strong development momentum as the world economy continued to grow and China’s rapid economic expansion remains unabated. Sinochem’s 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.
Sinochem’s core businesses were further highlighted. More than 40% of Sinochem’s profit was contributed by the company’s non-trading branches which illustrate Sinochem’s enhanced profitability in its industrial sectors.
Sinochem has also maintained sound financial structure to put the liability risks well under control. The streamlining of Sinochem’s management has paved solid ground for the Corporation’s future growth.