OREANDA-NEWS. August 18, 2014. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) recently announced the results of the business performance assessment of central enterprises in 2013.

Sinochem Group was rated as Grade-A by meeting all the assessment indicators perfectly, thereby becoming one of the 11 central enterprises to achieve this rating for 10 consecutive years since the first assessment of this kind conducted by SASAC in 2004.

In 2013, facing the adverse external environment, and following SASAC's requirement of "cultivating world top enterprises through self improvement", Sinochem Group has held fast to the working policy of making progress while maintaining stability, and endeavored to expand operations, prevent risks, enhance management and promote transformation, thus maintaining steady development. In 2013, Sinochem Group registered operating revenues of RMB466.9 billion, a total profit of RMB10.9 billion and total assets of RMB317.8 billion, thus enhancing its comprehensive strength and industrial competitiveness continuously. Sinochem Group was ranked 107th on the "Fortune Global 500" list, moving 12 places up from last year. This is also the 24th time for Sinochem Group to make the list.

Being rated A for 10 consecutive years shows Sinochem Group's transformation achievements and capacity for sustainable development over the past decade. As a global conglomerate with market orientation, through unremitting efforts at strategic transformation and management reform over the past decade, Sinochem Group has created a limited diversified business featuring mutual trust and balanced development, kept enhancing its market competitiveness and industrial influence, and constantly strengthened the stability and sustainability of its overall profit, thus making a positive contribution to the value preservation and appreciation of state-owned assets.