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Sinochem Entered Fortune 500 for 26 Times Ranking 139th in 2016

Date:2016-07-20 Source:Sinochem Group

In the evening of July 20 Beijing Time, in the list of “2016 Fortune 500” published by Fortune, Sinochem Group ranked No. 139 with an operating revenue of USD 60.656 billion. As one of the earliest China-based enterprises appeared in the list, it is the 26th time for Sinochem Group to enter the list of Fortune 500 companies. According to the list by industry published by Fortune, Sinochem Group ranked the 6 th    place among the world largest trade enterprises. The threshold revenue is USD 20.92 billion, and 110 Chinese enterprises are included into the Fortune 500 list.

During the past decade, Sinochem Group, as a market-oriented group with salient features in internationalization, focused on major businesses and unremittingly carried out strategic transformation and management reform with our core competitiveness and industry position constantly improving, and comprehensive ability constantly strengthening.

In 2015, faced with grave operating environment under the “New Normal” and the crash of oil prices, Sinochem Group laid great emphasis on quality and efficiency, resolutely focused on major businesses, keeping advance the reform, accelerating the transformation and development, strengthening corporate management, and maintaining a healthy development momentum, thus having made new progress in multiple areas.

By the end of 2015. Sinochem Group had a total asset of RMB 354.6 billion and a net asset up to RMB 119.8 billion, maintaining a robust financial structure, and has become stronger, better and bigger. Based on guaranteeing the national energy security and agricultural security, Sinochem Group made social contribution of total amount of RMB 39.1 billion this year, making active contribution to national economic and social development.

In 2016, the reform and development of Sinochem Group has stepped into a new and better stage. Sinochem Group will continue embarking on the path of limited diversification, with the aim of becoming an innovative petrochemical and fine chemical company, and a diversified investment holding company covering agriculture, real estate and finance”.