On August 3, Fortune released its “Global 500” list for 2022, and Sinochem Holdings ranked 31st among all companies and 1st in the chemicals industry, demonstrating satisfactory performance in the first year of the company’s establishment. In the previous year, Sinochem Group and ChemChina were ranked 151st and 161st respectively. The significant jump in the ranking of Sinochem Holdings, which was established through the joint restructuring of Sinochem Group and ChemChina, proves that the “1+1>2” synergy.

On March 31, 2021, with the approval of the State Council, Sinochem Group and ChemChina were merged into Sinochem Holdings Corporation Ltd. (“Sinochem Holdings”), wholly owned by the SASAC (State-owned Assets Supervision and Administration Commission on behalf of the State Council). On May 8, 2021, Sinochem Holdings became the holding entity for Sinochem Group and ChemChina.

Since its establishment, Sinochem Holdings has conscientiously implemented major decisions and deployments of the Party’s Central Committee, and ensured smooth and orderly business operation. As its reorganization and merging is steadily underway, Sinochem Holdings has made gratifying progresses in its merging of teams, management and businesses. With full enthusiasm for work and entrepreneurship, all staff at Sinochem Holdings are actively seeking external opportunities and tapping into the potential of internal synergy. After effective responses to adverse conditions such as recurrent COVID-19 outbreaks, drastic market fluctuations and tension in the supply chain, it has made effective progresses in various aspects including safety and environmental protection, production and operation, strategic development, and risk prevention and control. In 2021, the company achieved a total revenue of RMB 1,111.1 billion and received Grade A in the performance assessment of central SOEs.

In the first half of 2022, Sinochem Holdings earnestly studied and implemented the important instruction of General Secretary Xi Jinping to “prevent the pandemic, stabilize the economy, and ensure safe development”, as well as fulfilled the important instructions of the State Council to “stabilize the macro-economy and achieve the expected development goals”. All staff at Sinochem Holdings have worked together to make remarkable achievements in fighting against the pandemic, stabilizing the production, promoting investment, facilitating merging and strengthening innovation capabilities.

In the future, Sinochem Holdings will continue to adhere to “In Science We Trust”, and make unwavering efforts to build a technology-driven, innovative enterprise and a world-class, chemical conglomerate. It will continue to improve its technological innovation, core competitiveness and sustainable development, so as to create maximum value for society, clients, shareholders and employees, and contribute to the development of the industry and society as a whole.