In 2003, Sinochem achieved the best ever performance in its history. Its revenue is 9% higher than budget and net profit 13% higher than budget, increasing by 19% over last year.
The achievements of Sinochem in 2003 are hard won. While coping with external changes, the company took the opportunities of warming macro environment in the second half of the year to improve operational quality.
In 2003, Sinochem continued to implement the upstream and downstream expansion strategy. Its revenue and current profit have both exceeded budgets. Most business units accomplished their budgets.