OREANDA-NEWS. June 03, 2013. Sinochem Group released Annual Report 2012. In 2012, Sinochem maintained a stable business performance and operational quality, and achieved the total sales revenue of RMB 453.2 billion, profit before tax of RMB 10.7 billion, and the total assets of RMB 286.6 billion. The overall strength and competitiveness of the group has been further enhanced.

Encountering great challenges externally in 2012, Sinochem followed the requirement of “growing stronger and better to become the world-class enterprise” by SASAC, and sustained a stable and healthy development momentum, by exploring business opportunities, averting risks, streamlining management and promoting business transformation. In the meantime, thanks to the company's dozen years of strategic transformation and management overhaul, Sinochem has cultivated strong industrial value chain for its core businesses to form a balanced business portfolio upholding each other, which helps the company to maintain a steady profitability in a sustainable manner.

As a global conglomerate with market orientation, Sinochem Group will continue to take the road as a new state-owned enterprise featuring market orientation and pursuing advancement with stable posture. In parallel, Sinochem will reassert its commitment as a corporate citizen, ratcheting up its own value by creating value for the nation, society and the clients.