2016 ANNUAL REPORT CREATING VALUE PURSUING EXCELLENCE
02 CONTENTS
02 CHAIRMAN'S MESSAGE 04 PRESIDENT’S MESSAGE 06 CORPORATE PROFILE 08 ORGANIZATION STRUCTURE 10 MANAGEMENT REPORT 14 BUSINESS OVERVIEW 56 CORPORATE SOCIAL RESPONSIBILITY 64 KEY EVENTS 68 FINANCIAL STATEMENTS 76 DIRECTORY
04 01 2016 ANNUAL REPORT
CHAIRMAN’S MESSAGE
The year 2016 witnessed Sinochem Group’s efforts in carrying forward the tradition and marching into the future. Faced with volatile and challenging global business environment, Sinochem adopts a pragmatic and forward looking attitude, attaching great importance to the operation of existing business and also future development planning. Our profit margins recovered, which harbors great strength for future development. Business performance also shows signs of continuous improvement. I hereby would like to extend cordial appreciations to friends from all walks of life who have o ered care and support to Sinochem’s growth.
As a market-oriented transnational conglomerate, Sinochem’s growth is closely connected to the well-being of global economic environment. Economic growth is still sluggish in 2017 with uncertainties on the rise. Nearly 40 years’ development following China’s adoption of Reform and Opening up Policy has clearly shown us reform and innovation can unleash enormous potential and momentum for growth, which shall never be underestimated. Supply side reform are gathering momentum; benefits of SOE reform are delivered; internal adjustments are gradually put in place. Sinochem will usher in an era featuring greater development space.
Great river seems wide at high tide, and against fair wind the sail is lifting. Innovation will be a more salient feature of Sinochem. We will embrace all-around innovation and reform encompassing R&D, business model, institution, and control system, etc. in a bid to revitalize ourselves and promote value creation. Sinochem will focus more on industrial upgrading and adjust business portfolio accordingly in line with industrial trends so as to provide better service and products to our customers and forge our core competitiveness in this due process. Sinochem will also attach great importance to the ful llment of corporate social responsibility and the exercise of safety and environment protection rules with the purpose of promoting harmony between humankind and the nature, increasing the well-being of relevant stakeholders, and enhancing sustainable development capability. Sinochem could thus be qualified as a responsible corporate citizen.
Let us seize the opportunities and also rise to challenges, joining hands in creating a better tomorrow!
Chairman, Sinochem Group
02 03 2016 ANNUAL REPORT
PRESIDENT’S MESSAGE
Facing the new normal of Chinese economy, the demand growth slows down, overcapacity becomes more severe, resources and environment constrains development, and technological revolution makes great advancement. In this context, the only way for an enterprise to survive and thrive is to follow the tide and build up core competitiveness through innovation and reform.
Against the background of economic downturn in 2016, we focused on business operation, management overhaul, and risk control, improved operation performance and quality, achieved a recovery growth and exceeded the budget goal. Meanwhile, we mapped out future development plan grounded on realities, clarified our strategic direction, advanced management innovation, and created new development momentum. I would like to take this opportunity to extend my heartfelt thanks to friends from all walks of life for your attention and support for Sinochem over the past year!
We will stay true to our original aspiration and pursue our dreams. The year 2017 will mark the implementation of Sinochem’s new development strategies and reforming measures. We will stick to our unwavering goal of development, making progress without disturbing stability, enhancing our corporate value and driving our career to new heights.
We are willing to join hands with our global partners for win-win cooperation, bringing greater value to our nation, society and the general pubic.
President, Sinochem Group
04 05 2016 ANNUAL REPORT
CORPORATE PROFILE
Headquartered in Beijing, China, Sinochem Group was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation. Sinochem Group is a key state- owned enterprise under the supervision of State-Owned Assets Supervision and Administration Commission of the State Council of China (SASAC).
Sinochem Group is one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural input (fertilizer, seed and agrochemicals) and integrated modern agricultural service operator. Sinochem also exerts strong influence in high-end real estate, hotel and non-banking financial service sector. As a market-oriented global conglomerate, Sinochem’s quality products and services are relevant to many aspects of the mass economy and people’s well-being. The SINOCHEM and “ 中化” brands are highly prestigious in China and the rest of the world.
Sinochem Group has established five Strategic Business Units (SBU), namely energy, chemicals, agriculture, real estate and finance. It operates more than 300 subsidiaries around the world. It holds a controlling stake in a number of listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and China Jinmao (HK, 00817). Sinochem has over 50,000 sta members around the world.
Sinochem is among the earliest Chinese enterprises on the Fortune Global 500 list and has 26 appearances in total, ranking 139th in 2016 and having been honored as Fortune’s World’s Most Admired Companies for two consecutive years. Continuous efforts over the years in strategic transformation and management overhaul have enabled Sinochem to maintain a sustainable, healthy and rapid development. Sinochem has been rated A in corporate performance by SASAC for three consecutive tenures and eleven consecutive years.
Sinochem’s vision is to become a respectable transnational conglomerate. Looking into the future, Sinochem will continue to uphold the philosophy of “Creating Value, Pursuing Excellence,” shoulder corporate social responsibility, and dedicated to innovative, harmonious and green development. We will redouble our efforts in developing a long-lasting business foundation, committed to the creation of well-being to our stakeholders and the general public in a sustainable way.
Among the earliest Chinese enterprises on the Fortune Global 500 list
One of China’s four largest state oil companies
China’s leading chemical service provider
China’s biggest agricultural input (fertilizer, seed and agrochemicals) and integrated modern agricultural service operator
06 07 2016 ANNUAL REPORT
ORGANIZATION STRUCTURE
Sinochem Group
General O ice Sinochem Petroleum Exploration and Production Co.,Ltd
Sinochem Oil Co.,Ltd. Human Resources Energy Strategic Department Sinochem Quanzhou Petrochemical Co., Ltd Business Unit Department of Innovation Sinochem Industries Co., Ltd and Strategy Sinochem Oil Marketing Co., Ltd
Department of Strategy Execution Sinochem International Corporation ★
Finance Department Sinochem Lantian Co., Ltd.
Sinochem Plastics Co., Ltd Department of Auditing Chemicals Strategic and Compliance Shenyang Research Institute of Chemical Industry Business Unit
Department of HSE & Sinochem Hebei Co., Ltd. Industry Management Sinochem Jiangsu Co., Ltd.
Department of CPC & Sinochem Qingdao Co., Ltd. P u b l i c A a i r s
Department of Discipline Sinofert Holding Limited ★ Inspection Agriculture Strategic China National Seed Group Co., Ltd. Business Unit Sinochem Agriculture Holdings Co., Ltd.
Real Estate Strategic China Jinmao Holdings Group Limited ★ Business Unit Beijing Eastern Garden International Conference Center
China Foreign Economy and Trade Trust Co., Ltd.
Sinochem Finance Co., Ltd. Finance Strategic Sinochem International Tendering Co., Ltd. Business Unit Far East Horizon Limited ★
Sinochem Assets Management Co., Ltd. Note: ★ Listed Companies
08 09 2016 ANNUAL REPORT
MANAGEMENT REPORT
Sinochem’s Vision
A respectable conglomerate that enjoys global influence
Sinochem’s Mission
A role model with “Advanced technologies, Energy conservation, Environmental friendliness” A staunch force in safeguarding national energy security, agriculture security and technological progress of chemical industry A respectable conglomerate having global influence and strictly fulfilling by social responsibilities
10 11 2016 ANNUAL REPORT
INNOVATING MANAGEMENT TO gradually built a “corruption-proof” system and mechanism. As the world economy witnessed a low growth rate in 2016, China’s economy gradually MOTIVATE VITALITY We nurtured a corporate culture of putting people first. stabilized amid slow growth, but the market was still facing severe challenges. By creating an entrepreneurial working environment, Confronted with impacts of external business environment, Sinochem united as one 395.5 We always uphold the philosophy of “Lean Management”, establishing a reasonable evaluation and motivation and headed towards a common goal to promote both quality and efficiency. As a billion Yuan run and improve Quality Management System, focus on system, and enhancing the quality of logistic services, we result, operation quality improved, operation performance recovered and rose, phased Operating revenue addressing key management problems and weak links, improved employees’ happiness and sense of belonging. achievements were realized on strategic adjustment, and Sinochem maintained constantly perfecting our management system. sustainable and healthy development. FULFILLING OUR RESPONSIBILITY We adjusted our corporate structure, establishing 5 strategic AND SERVING SOCIETY business units and 9 functional departments. To realize MAKING BREAKTHROUGH AND RECOVERING GROWTH the new strategic goals, we optimized and adjusted the In 2016, we kept on fulfilling our political, economic management control system. According to the mode and social responsibility as a state-owned enterprise, 8.07 of “Small Headquarters, Big Business”, we reduced cost, played a key role in energy and agriculture sector, strictly In 2016, Sinochem’s leadership realized a smooth transition and laid a solid foundation for a new round billion Yuan of development. Under the leadership of new management team, we made all efforts to increase increased e iciency, rebuilt goals that conformed to the new adopted national macro-economic adjustment measures, bene ts, achieving good results. Operating revenue rose to RMB 395.5 billion, up 3.9% YoY; total pro t Gross profits management system of strategic control and investment actively engaged in strategic reserve of crude oil and oil achieved recovery growth, standing at RMB 8.07 billion, up 34% YoY; the cash flow of operation hit the holding in headquarters. Strategic business units headed products, took part in joint negotiations of potash fertilizer, best record of the past 3 years. towards the goal of becoming a mainstay in implementing shouldering our responsibility for guaranteeing the supply corporate strategies and expanding business, by unleashing of relevant products and industrial safety. While improving the operation, we built a good market image. Besides guaranteeing national energy the vitality and expanding the business on a solid base. security and agriculture security, we generated a total social contribution of RMB 35.5 billion, promoting We carried out a series of nation-wide activities to provide national economic and social development. In 2016, Sinochem came on the Fortune Global 500 list for We were thoroughly audited by the National Audit Office, public agricultural services, namely “Sinochem’s Care for the the 26th time, ranking 139th, and was rated as the 6th largest trading company in the world. The big 35.5 and actively corrected our incompliances, further improving Agricultural Dream”, aiming to increase agricultural output three credit-rating agencies, namely S&P, Moody’s, and Fitch, maintained their rating of Sinochem on A-. billion Yuan the basic corporate management. and famers’ income. We carried out a series of nation-wide Chairman Frank Ning was honored by Fortune China as “China’s 50 Most Influential Business Leaders”. activities to provide public agricultural services, namely Total social contribution We gave full play to the core role of the Party, practiced “Sinochem Aspires to Realize Your Agricultural Dreams”, PROMOTING DEVELOPMENT AND CLARIFYING STRATEGY strict rules for Party members, carried out courses to learn aiming to increase agricultural output and famers’ income. Party Constitution and President Xi Jinping’s speeches and We pursued a green development strategy to conduct In 2016, grounded on realities and looking into the future, we actively mapped out Sinochem’s future become qualified members, implemented Guidelines by clean production and circular economy, reduced energy development, further clarified our strategic direction, created new momentum, and made new Sinochem’s Leading Party Members’ Group. By doing so, we consumption for generating each million yuan of industrial progress on our reform and development. have strengthened our party building and promoted the output value, keeping various pollution emission under reform and development of our company. control. We invested in public welfare such as education We o cially set up Board of Directors, rationally divided the responsibilities of Leading Party Member’s and health care in poor areas, providing financial support to Group, Board of Directors and President’s Office, and further regulated the corporate governance. We strengthened the accountability system for supervision four counties in Tibet, Qinghai and Inner Mongolia, totaling Since its establishment, the Board of Directors has played an important role in facilitating big operation and execution of disciplines, stretching the practice of strict RMB 284 million. By building a series of products and brands decisions of our company. rules to grass root Party organizations. Party organizations at of strong influence and competitiveness, our development various levels were required to take their responsibilities and achievements were highly recognized by the society. We held strategic seminar to draw on collective wisdom. Thorough discussion, we clari ed or corporate positioning and development direction, namely “an innovative petrochemical and fine chemicals enterprise, a holding company with limited diversi cation covering agriculture, real estate and finance business”. In response to the opportunities and challenges posed by external changes, Sinochem will continue to follow the 5 development philosophies of “Innovation, Coordination, Greenness, Openness, Sharing”, aspire We launched an ethylene project with a capacity of 1 million tons/year as well as a re ning expansion to become stronger and better, focus on the needs of market and customer, and fuel our development project. According to the plan, the re ning capacity will be expanded from 12 million tons/year to 15 by innovation. Through technological, operation and management innovation, we will create more value, million tons/year. At the same time, we started an ethylene project of with a capacity of 1 million tons/ enhance operation quality and efficiency, upgrade the industry, and realize a sustainable and healthy year (including 800,000 ton aromatics per annum), together with storage, terminal and other public development for our company. infrastructure facilities. Based on the industrial park exclusively utilized by Sinochem, we aimed to build a world-class petrochemical base beside the port. Annual operating revenue from 2007-2016 (100 million yuan) Annual gross profits from 2007-2016 (100 million yuan)
We enhanced our ability to provide agricultural services through Sinochem Agriculture. Since its 4986 5000 140 establishment, Sinochem Agriculture has put into practice the requirements of the CPC Central Committee 4590 4532 4669 134 on agricultural modernization and supply side restructuring, actively explored new operation model, and 3812 3955 120 4000 106.7 108.7 113.5 100 established strategic partnership with COFCO, Sinograin and other major state-owned enterprises. 3090 3353 85.8 87.8 90.8 80.7 3000 80 2297 2430 61.4 60.1 We actively made the development plan for the next three years and pursued sustainable development. 2000 60 During the plan-making period, we launched a “Blue Army Project”, selecting a group of professionals 40 1000 from various business units to study our operation environment, strategic choices, operation measures 20 and development targets from a di erent perspective, so as to obtain more comprehensive and deeper 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 insights of corporate strategies, and scout young talents.
12 13 2016 ANNUAL REPORT
BUSINESS OVERVIEW
We have realized balanced development of our major 5 strategic business units, namely energy, agriculture, chemical, real estate, and finance by upholding the core philosophy of “Creating value, Pursuing excellence”, sticking to the development strategy of diversified but limited business portfolio development, fully utilizing our advantage of international business operation, and constantly strengthening capacity building on major links of industrial chain. We have become a signi cant force in promoting industrial development and serving national economic development with our corporate value and influence on relevant industries constantly on the rise.
ENERGY BUSINESS AGRICULTURE BUSINESS FINANCE BUSINESS Exploration and Production Fertilizers Trust Oil Trading Seeds Financial Leasing Oil Refining Agrochemicals Securities Investment Fund Petrochemical Warehousing Agriculture Service Finance Company Oil Products Marketing Life Insurance
CHEMICAL BUSINESS REAL ESTATE BUSINESS Fluorine chemical City Operations Natural rubber and ingredients for Property Development rubber and plastics Hotel Operations Fine Chemicals Commercial Leasing Pharmaceuticals Retail Operations Chemical Logistics Petrochemical feedstock marketing
14 15 2016 ANNUAL REPORT
ENERGY BUSINESS As a state-owned oil company with market orientation, Sinochem has accumulated abundant experience and expertise over the past sixty years in oil business. We provide oil and gas products for the bene t of social and economic development, participate in building national strategic oil 300 reserve system as well as planning and researching national energy development, and also play an billion Yuan ever important role in domestic and global energy market. Sales revenue Over the past decade, while consolidating our competitiveness in international oil trading, petrochemical storage and logistics, we have accelerated our pace in extending the industry value chain both upstream and downstream. Our energy business is under the centralized management of the Energy Strategic Business Unit. Our energy business portfolio covers E&P, oil trading, oil refining, petrochemical warehousing, oil products marketing, ethylene project, and chemical marketing etc. We have become a key national energy enterprise featuring internationalized operation, full industry chain, and outstanding marketing capabilities with our strength and sustainability constantly on the rise.
As the oil and gas industry fell into a cyclical downturn in 2016 and imposed severe challenges, we strengthened synergetic operation of separate links on the value chain by adjusting our operating mentality and pressing ahead with our strategies for the purpose of steady and sound business operation. For oil exploration and production, fresh progress were made in our projects located at Colombia, United States, and Chongqing. Marketing capability of oil trading was enhanced. With regards to re ning business, the qualification for re ned oil trade and production was also issued, making possible the exporting of refined oil to overseas market. Sinochem Quanzhou 1 million tons/year Ethylene Project and Oil Refinery Renovation and Expansion Project were reviewed and approved by Fujian Development and Reform Commission. Petrochemical warehousing business achieved steady progress with increased pro tability. The building of re ned oil marketing and distribution network has accelerated with oil sale capacity constantly improving. Total turnover volume for the oil business is 150 million tons with sales exceeding 300 billion Yuan.
In the future, we will fully utilize “two resources and two markets”, take oil and chemicals trading and marketing as our core, refining and ethylene business as our pillar, and warehousing as support for integrated infrastructure services. We will moderately develop exploration and development business, and build Sinochem into a sustainable national energy company with integrated value chain, contributing to the sustainable development of energy business both at home and abroad.
Exploration and Oil Trading Oil Refining Petrochemical Oil Products Production Warehousing Marketing
16 17 2016 ANNUAL REPORT
DISTRIBUTION OF E&P PROJECTS AND OIL TRADING BRANCHES EXPLORATION AND PRODUCTION
22 We made our rst move of “going global” in the upstream sector of the oil industry, developing million barrels oil and gas exploration business globally in 2003. With over a decade of development, we now have 35 contracted oil and gas blocks in 9 countries and regions, including Brazil, Colombia, the E&P equity output Energy Strategic Business Unit United States, and China, etc. Our resources spread over various terrains like desert, hilly lands, Sinochem Petroleum Exploration And Production Co., Ltd. rain forests and seas, covering light oil, heavy oil, natural gas, shale oil, etc. Our business types has Sinochem Oil Co., Ltd. covered both operators and non-operators. We operate along each link of the upstream value chain, including exploration, production and pipeline transportation. We have established sound China cooperation relationship with international oil companies, including Statoil, Total, and Pioneer Sinochem International Oil ( London ) Co., Ltd. Colombia Natural Resources. By the end of 2016, our equity 2P (Proven and Probable) oil and gas output and USA Syria Sinochem Oil Co., Ltd., Taiwan Representative O ice reserve reached 22 million and 1 billion barrels respectively.
Sinochem Oil Co., Ltd., Japan Representative O ice
Equity 2P oil and gas reserves (million barrels) from 2011-2016
1000
800 Tunisia Brazil 600 Indonesia UAE 400 Sinochem International Oil ( Singapore ) Pte., Ltd. Ecuador 200 Sinochem Oil ( Thailand ) Co., Ltd. 0 2011 2012 2013 2014 2015 2016
Headquarters Exploration and Production Projects Oil Trading Branches
18 19 2016 ANNUAL REPORT
OIL TRADING OIL REFINING
Oil trading is Sinochem’s traditionally strong business. Based on our sound cooperative 150 27 We started oil refining business in the late 1980s. At present, the refineries we have invested relationships with many oil-producing countries and their state oil companies, we have acquired million tons million tons have a combined refining capacity of nearly 27 million tons per annum. The 12 million tons/ rm access to overseas oil resources and signed long-term crude oil contract of over 70 million year Quanzhou re nery, which we invested and constructed independently, was commissioned Global crude and Annual crude oil tons per annum. In 2016, total crude oil and refined oil turnover volume was nearly 150 million in 2014. We are also the largest shareholder of Dalian West Paci c Petrochemical Co., Ltd. (abbr. refined oil turnover processing capacity tons with the capability of ampli cation operation of resources constantly on the rise. “WEPEC”), China’s earliest Sino-foreign joint venture re nery.
By virtue of good reputation and advantages in business channels and techniques, we have Sinochem Quanzhou 12 million tons/year refinery project is one of the key projects coming into established long-term cooperation relationship with major oil companies and related financial operation during China's “12th Five-year Plan”. Based on high starting point and high standard, institutions in oil trading and risk management, and provided quality crude oil and professional we are committed to building it into a large-scale modern refinery which is “technologically- services for domestic and foreign clients with a stable and extensive sales network. In addition to 70 11.5 advanced,energy-conserving, environmental-friendly and sustainable”. It is a world-class large meeting domestic market demand, we conducted entrepot sales to re neries in Southeast Asia, re nery with leading position in China in 7 aspects, such as safety and environmental protection, million tons million tons Europe and North America, becoming a key crude oil supplier for certain countries and regions. energy consumption level, product quality, equipment scale, process route, process technology, We were also engaged in import agency service and self-operated business of aviation kerosene, 2016 crude oil long- Sinochem Quanzhou and market adaptability of diesel-gasoline ratio. It produces over 20 types of petrochemical naphtha, diesel for duty-free vessel, and other kinds of light oil. term contract annual crude oil products, including gasoline, diesel, kerosene, polypropylene, etc, among which all gasoline and refining capacity diesel products meet Euro V standards. The diesel-gasoline ratio can be adjusted exibly to meet To safeguard smooth operation of our oil trading business, we have invested in five VLCCs, market demand. and worked with international ship-owner giants, which equipped us with professional oil transportation service capability. We can provide convenient and efficient charter services to In 2016, Sinochem Quanzhou processed 11.5 million tons of crude oil and launched 1 million customers at home and abroad. tons/year ethylene and refining expansion project. In the future, a state-of-the-art modern petrochemical base will be established in Quanzhou with a processing capacity of 30 million tons of crude oil per annum, a production capacity of 2 million tons of ethylene per annum and a production capacity of 2.5 million tons of aromatics per annum.
Established in 1990, WEPEC is a hydrogenated re nery capable of processing high sulfur crude oil. It has a crude oil processing capacity of 10 million tons per annum. It produces more than 10 varieties and more than 30 kinds of oil and chemical products, which are sold to over a dozen countries and regions.
20 21 2016 ANNUAL REPORT
PETROCHEMICAL WAREHOUSING OIL PRODUCTS MARKETING
We maintains leadership position in the domestic market of petrochemical warehousing and 47 1100 Sinochem has been engaged in oil products marketing for nearly 20 years, which is a key link logistics. At present, we are operating, building and managing approximately 13 million cubic million tons Gas stations under in extending our energy business downstream. We have accumulated rich operation and meters of petrochemical storage space, which forms a storage and logistics network covering management experience in terms of distribution. In recent years, our re ned oil distribution and Warehousing and construction and in Bohai Sea Rim, Yangtze River Delta and Pearl River Delta. We also have a series of jetties, ranging retail network has been constantly improved, forming a strategic marketing layout in North China, logistics turnover operation from 3,000 mt class to 300,000 mt class, to support our logistics network. We are also the largest East China, Central China and South China. Our network covers 18 provinces and municipalities, petrochemical storage and logistics service provider with the strongest service capability in China. including Beijing, Shanghai, Fujian, Guangdong, etc. We own 21 provincial oil marketing companies at provincial level with over 50 oil distribution depots. More than 1100 gas stations Drawing on our sound petrochemical storage and logistics network, we supply warehousing, have been completed and under construction. As refined products of high quality produced transportation, and transfer service for crude and refined oil to the most developed regions in Quanzhou refinery are sold to more customers with more professional services, the brand with the largest oil consumption demand in China. By doing so, the re ned oil market could be “Sinochem Oil” is gaining more market reputation and position. stabilized and the smooth operation of the re neries in those regions guaranteed. In addition, we are also entrusted by the state to build the national strategic crude oil reserve base and re ned oil Always putting our customers first, we will stick to standard management and professional reserve base, contributing our part to China’s energy security. operation. We will establish an asset layout with oil depots and gas stations as its core, further increasing our scale effect and market competitiveness. We are dedicated to providing quality In 2016, while promoting the smooth operation of our ongoing petrochemical warehousing and oil products and services to meet increasingly diversified demands of customers for gas stations, logistics projects, we sharpened the brand image of Sinochem’s logistics business by developing building “life stations for people and cars” and realizing a transformation from oil products new customers and optimizing business structure. Transport volume broke history record, supplier to integrated service provider. exceeding 47 million tons.
22 23 2016 ANNUAL REPORT
CHEMICAL BUSINESS Sinochem’s chemical business is under the centralized planning and management of the Chemical Strategic Business Unit, gaining a competitive edge in uorine chemicals, natural rubber, plastic and rubber agents, ne chemicals, pharmaceuticals, chemicals logistics, petrochemical feedstock marketing, etc. It has developed into a leading integrated chemicals service provider in China, playing an active role in promoting technological progress, as well as the safe, environment-friendly, and sustainable development of the chemical industry.
In the future, centering on ne chemical industry, we will further enhance our control on key links along the value chain, including resources acquisition, technology development, and market exploration so as to consolidate our leading position and also facilitate the sustainable development of our chemical business.
Fluorine chemicals Natural rubber Fine Chemicals Pharmaceuticals Chemical Logistics Petrochemical and ingredients feedstock for rubber marketing and plastics
24 25 2016 ANNUAL REPORT
FLUORINE CHEMICALS NATURAL RUBBER AND INGREDIENTS FOR RUBBER AND PLASTICS Sinochem Lantian Co., Ltd. (hereinafter referred to as Sinochem Lantian) is one of 100 1.5 the earliest enterprises engaged in the research and production of Ozone Depleting thousand tons million tons Natural rubber is one of the four major industrial raw materials. As a pioneer in natural rubber industry, Substances (ODS). It developed over 40 ODS substitutes on its own, contributing to over Use reduction of ODS Annual processing Sinochem Group undertakes the strategic mission of safeguarding national security in terms of natural 100’000 tons of ODS reduction annually. annually capacity rubber resources. Sinochem Group has over 60 years of history in operating natural rubber business. Starting from natural rubber trading, our business scope are now expanding horizontally and vertically Sinochem Lantian takes the leading place in fluorine chemicals science and technology along the industrial chain to natural rubber planting, processing, marketing, as well as R&D and innovation in China, undertaking 11 research topics under the 863 Program (National High- production of natural rubber ingredients, and relevant value-added services. Our business footprints tech R&D Program) and National Key Technology Support Program, chairing the drafting of spread across China, Southeast Asia, South Asia, Europe, Africa, and America, forming a unique 27 national and industrial standards, and receiving over 220 authorized patents, the largest business landscape that integrates international and domestic market, and covers the whole industrial number in China. We have established a full fluorochemical industrial chain, offering over chain, which makes us the advance team in the “Belt and Road Initiative” and “Going Global Initiative” 50 varieties of fluorine chemical products. We also boasts the largest reserve of fluorite in put forward by Chinese Government. We signed the agreement in acquiring the SGX-listed Halcyon China, the second largest in the world. Fluorochemical production ranks the sixth place in Agri Corporation Limited, in a bid to creating world’s leading natural rubber supply chain manager. the world, among which over 10 varieties boasts the largest market share both at home and abroad. “JINCOOL” brand car air conditioner refrigerant takes 80% share of China’s car In terms of planting resources, we secured high quality land resources in Southeast Asia and West air conditioner market. Production of “Kehua” brand trifluoroacetic acid ranks the first place Africa, having 50,000 hectares of natural rubber planting area. In terms of production and processing, in the world. we keep streamlining the layout of our production capacity across the globe. At present, we have 32 manufacturing plants in major natural rubber production areas with a processing capacity of 2016 witnessed approval of two national research sub-topics under the “12th Five-year 1,500,000 tons per annum, such as West Africa, Southeast Asia, Yunnan and Hainan of China. Taking Plan” and acceptance of 3 programs under the auspices of the MEP, including Studies on the upscale radial tire as our agship product, we supply premium resources for world-renowned the Development and Application Technologies for the Experiment of Hexafluoroacetone tire and rubber producers. In terms of marketing and service, we keep enhancing our management Fire Extinguisher on a Pilot Scale. 36 patent applications were submitted, and 22 patents on the supply chain. With our sales outlets, storage hubs and logistics service facilities across China were authorized and granted. National Key Laboratory for Fluorine-containing Greenhouse as well as our overseas marketing platform in Singapore, we have strengthened our marketing Gas Substitute, Control and Processing was officially inaugurated, the only one in China service capacity to serve our downstream clients. We have also intensified the strategic cooperation and the fourth one in the world. China’s first relative method GWP testing installations was with world-renowned tire producers like Bridgestone, Michelin, Continental and Goodyear with the built under the Recruitment Program of Global Talents, a milestone marking that. China size of marketing and sales ever increasing. Our natural rubber operating volume ranks the 3rd place has become one of a few nations in the world capable of testing compound atmospheric in the world. In terms of technical R&D, we give full play to the role played by the Natural Rubber lifetime and GWP, and also closing the market niche at home. R&D Center to support the improvement of our manufacturing and processing technique and the e iciency of our manufacturing equipment so as to promote innovation in our processing plants. The new generation of substitutes for refrigerant and fire extinguishing agent, etc. could effectively reduce greenhouse gas emission by over 99%, offering solutions in tackling Our subsidiary Jiangsu Sinorgchem Technology Co., Ltd. (abbr. Jiangsu Sinorgchem) is a world global warming. leading comprehensive service provider that integrates plastic and rubber ingredients research & development, production, and marketing. Its product portfolio includes anti-ager PPD, intermediate RT base, insoluble sulfur, highly purified TMQ, and accelerant, etc. Sinorgchem Technology follows the R&D path featuring cooperation between higher learning education research institution and the industry. With leading technology and clean production as its goal, Sinorgchem is taking the lead in green development of global rubber chemicals.
26 27 2016 ANNUAL REPORT
FINE CHEMICALS PHARMACEUTICALS
We are vigorously developing our fine chemical business. Yangnong Group, which we have a Our pharmaceutical business covers R&D, manufacturing and sales, and has competitive edge in majority stake, has a leading market position and exerts global influence in chlorination and technology innovation, scale production, commercialized distribution, and international trade. nitration of benzene and Epichlorohydrin. Its production capacity for chlorination, nitration of benzene ranks the first place in the world. The equipment for producing Epichlorohydrin that We offer contracted laboratory R&D service and tailored processing services of special employs the bio-based glycerol method, the first of its kind and by Yangnong’s indigenous intermediates to our clients. Biology & Pharmaceutical Research Institute a iliated to Shenyang technology ranks the second place in terms of production capacity in China. Currently Yangnong Research Institute of Chemical Industry is mainly engaged in the research and development Group has 4 fully-equipped re ned chemical industrial bases, among which the one located in of anti-cancer and anti-infection medicines. The first innovative small molecule compound Zhongwei, Ningxia owns the production quali cation to produce phosgene. SYD007 closes the vacuum of the absence of bladder infusion medicines in China. In addition, Shenyang Research Institute for Safety Assessment is the first safety assessment institute with In terms of R&D, Yangnong Group is a national key high-tech company, and has built a national- GLP accreditation granted by OECD member country. It is able to conduct safety assessment level corporate technology center, enterprise academician work station, a postdoctoral research and testing for pharmaceuticals, pesticides, new chemical substances, veterinary medicine, station, and a professional research institute and an engineering technology center that focus and also capable of carrying out a full set of medical experiments. Sinochem Qingdao Co., Ltd on pesticide, re ned chemical and resin material. It has strong capability for the development of is a professional marketing and industrial service provider that integrates R&D, production, and industrialization and commercialization. marketing. It is especially famous as a service provider of nutritional supplement.
We conducted strategic cooperation with technology leading enterprise in the world in high DSM Sinochem Pharmaceuticals (DSP), our joint venture with Royal DSM, is a company that performance products, such as functional materials, polyether, polybasic ethanol. Part of operates globally. It employs “Green Enzyme” technique in manufacturing anti-infection and functional materials enjoy leading market position in the subdivided market. cardiovascular drugs. It takes the lead in the global β-lactam anti-infection market.
Sinochem Hebei Co., LTD. (hereinafter referred to as Sinochem Hebei), our subsidiary, has Zhejiang Intmedic Group Co., Ltd., our subsidiary, a leading enterprise in pharmaceutical logistics identi ed the development strategy centering around fine chemical and fine processing of coal in China, has its major businesses spreading across medicine, Traditional Chinese Medicine, and tar. Sinochem Hebei has completed the industrial layout with Sinochem Xinbao as the separation biomedical equipment, businesses of which cover pharmaceutical distribution, modern logistics, platform and Sinochem Fuheng as the synthetic platform, having multiple products that are e-commerce, and end-customer retailing. It undertakes the task of strategic pharmaceutical among top three in the world in terms of production and sales. warehousing for Zhejiang Province and Hangzhou municipality, as well as providing professional pharmaceutical logistics service for G20 Hangzhou Summit. It has become a core enterprise for provincial pharmaceutical warehousing and modern pharmaceutical logistics in Zhejiang.
Sinochem Jiangsu Co., Ltd is mainly engaged in international trade, domestic distribution, R&D and manufacturing of pharmaceutical intermediates, APIs, formulations and other pharmaceutical products. It also operates warehousing, logistics, domestic distribution of medical equipment. Its clients are widely based in over 100 countries and regions around the world.
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CHEMICAL LOGISTICS PETROCHEMICAL FEEDSTOCK MARKETING
Our chemical logistics business involves shipping, IOS tank containers logistics and rental, terminal 1.4 2.58 Sinochem Group is an integrated chemical trader and distributor that exerts great influence both storage tanks, and LNG, etc. with total assets exceeding 8.2 billion yuan. Our shipping capacity million tons million tons at home and abroad. and scale for liquid chemicals enjoys leading position in the world, enabling us to o er tailored, Shipping capacity Chemicals sales volume e cient, and low cost logistics solutions and energy and chemical logistics service that are safe, As the largest chemical distributor in Asia, Sinochem Plastics Co., Ltd. (hereinafter referred to reliable, and smart to our customers. Sinochem Plastics), a subsidiary of Sinochem Group, enjoys sound upstream and downstream customer relationships, complete logistics and technical support system, and a distribution As the largest liquid chemicals ship owner, we take dominant position in domestic trading routes, network that covers whole China. Sinochem Plastics is engaged in the business of plastics, ne and also assumes leading position in Australian and New Zealand routes, as well as those across chemicals, and new materials, including ABS resin, polycarbonate, and polyethylene, plastics the Taiwan Strait. We have set up a safety management system reaching international standards. for vehicle use, biochemical raw materials, high-performance composite materials, and new Our ships reach the industry testing standards of CDI and also large oil companies including SHELL, intermediates, etc., enabling us to provide whole chain marketing service for multiple sectors, BP, Chevron, BASF and ExxonMobil. We currently owns 80 IMO II/ III bulk liquid chemical ships, the including clothing, catering, accommodation, and transportation. Sinochem Plastics established capacity of which ranging from 2,700 to 45,000 tons, which adds up to a total shipping capacity a one-stop vertical e-commerce platform named 1chem (www.1chemic.com) that covers of 1.4 million tons. We provide shipping service for all kinds of bulk liquid chemicals, highly information, prices, trading, and services, dedicated to streamline business flow, cash flow, hazardous liquid chemicals, acids, refined oil, edible oil, animal and plant oil, lique ed petrol gas, information ow, warehousing, and logistics and provide integrated nancing, warehousing, and and other specialty chemicals. We are also the only ship owner in China capable of undertaking logistics service. 2016 witnesses a sales volume of 2.58 million tons and a sales revenue of 12.5 the transportation of high end liquid chemicals, including TDI, MDI, etc. billion RMB.
As the third largest tank containers logistics operator, we own a professional service management We have established a marketing and service pattern centering on our customers, and a team, operating nearly 26,000 T11, T20, T50 and other types of ISO tanks. Based on our operating marketing and service system covering the whole industrial chain for the purpose of providing framework that spans across five continents, we are dedicated to provide comprehensive door-to- tailored services and business solutions to our customers. We constantly solidi es our cooperation door logistics service for chemical and foodstu industries; based on our powerful tech-support with petrochemical enterprises at home and abroad, having sound cooperative relationship teams and provider network, we also provide professional ISO tanks service, including rental, transnational petrochemical giants, including Exxon Mobil, BASF, Chevron, etc. sales, cleaning, maintenance, renovation, and annual check, etc. We have both domestic and foreign marketing platforms with branches and representative o ces Sinochem set up two joint ventures with Lianyungang Port group, namely Lianyungang Port in Singapore, Dubai, etc., as well as a domestic marketing network that covers over 20 major cities international Petrochemical storage Company and Lianyungang Port international Petrochemical so as to gain a better understanding of service terminals and provide professional marketing Harbor Service Company, which constructed 3 liquid 50,000 tons bulk terminals and a 800,000 and raw materials procurement service at a low cost for our customers at the upstream and cubic meters of storage tank with a planned handling capacity of 5 million tons per year to downstream of the value chain. perform chemical and oil warehousing, customs bond, rail cargo loading and unloading services. Phase I of the program was launched into operation in 2016.
With LNG ISO tanks logistics as the core of our service, we have devoted great e orts to develop the LNG supply service, establish and streamline logistics operating model and rules concerning LNG spot transactions so as to improve our LNG supply e iciency and provide integrated energy supply and logistics solutions.
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AGRICULTURE BUSINESS Sinochem Group is the largest state-owned-enterprise under supervision of the Central Government operating agro-inputs (fertilizer, seed and agrochemicals) and modern agriculture service. We are committed to becoming a leading comprehensive service provider of agricultural inputs and services in the world via the integration of advanced technology, premium products and professional services, contributing our part to China’s agricultural supply side reform and modern agricultural development.
Our agricultural business (fertilizer, seed, Agriculture Service) is under the centralized management and planning of agricultural strategic business unit. Our fertilizer flagship, Sinofert Holdings Co., Ltd. (abbrv. Sinofert), is the largest fertilizer supplier and distributor in China, with its businesses covering the complete industry value chain, ranging from resources development, R&D, production, distribution and agrochemical services. It plays a signi cant role in safeguarding fertilizer supply and facilitating agricultural development.
China National Seed Group Corporation (China Seed), Sinochem Group’s subsidiary, is the only national seed company that runs breeding, production and sales businesses for crop seeds. Its overall strength takes the lead in domestic market. It is committed to becoming “The top player in China and a leading player in the world”, and thus promoting the upgrading of China’s seed industry.
Our pesticide business integrates R&D, production, sales and technology service. We supply the market with highly efficient and environmental-friendly products and professional services. We are also among the top players in China in terms of comprehensive competitiveness.
Sinochem Agriculture Holdings (abbrv. Sinochem Agriculture), our subsidiary, o ers comprehensive solutions to modern agriculture, which aims at enhancing the sustainability of planters’ revenue and promoting the modernization of agriculture by integrating advanced technologies and agricultural resources, promoting comprehensive planting solutions, and facilitating innovation in centralized agricultural production.
In the future, with the honored tasks of facilitating agricultural development and safeguarding food security at home and abroad, we will intensify our e orts in building key links along the value chain, give greater play to our advantages in integrating seeds, fertilizers, and agrochemicals service, in an e ort to be a world leader in supplying agro inputs and providing integrated agricultural service.
Fertilizers Seeds Agrochemicals Agriculture Service
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FERTILIZERS partnered with local agricultural technology promotion center in promoting advanced fertilizing techniques and agricultural production method to facilitate the proliferation of new products and technologies among farmers. As the largest fertilizer provider and distributor, Sinofert operates in resources development, 9.13 15 R&D, production, distribution, and agrochemical services with the corporate mission of becoming million tons million tons Sinofert established two products and processing techniques R&D platform, namely the existing China’s most competitive modern agriculture service provider. Sinofert is an important force, Annual sales volume Annual production Chengdu Chemical Industry R&D Center and Linyi Agricultural R&D Center established in 2016. driving the progress of fertilizer industry with an annual sales volume of 9.13 million tons, which capacity It also jointly established the fertilizer laboratory along with Shenyang Research Institute of further consolidates its position in the fertilizer industry. Chemical Industry, and also conducts joint programs along with research institutes, such as Nanjing Agricultural University, Huazhong Agricultural University, and Qingdao Agricultural Sinofert has the widest product portfolio in China. Its product line covers nitrogen, phosphate, University, etc. Sales revenue of innovative products takes 18% of the total. Materialization of R&D potash, compound fertilizer, and other new types of fertilizer, including formulated fertilizer, fruits yielded 6 million worth of revenue. Chelate fertilizer upgrading reached international level. microorganism fertilizer, controlled release fertilizer, bio-fertilizer, etc. Production capacity of enterprises that Sinofert holds controlling stakes and those Sinofert has shares amounts to 15 million tons, evenly distributed at reserves and consumption market. Sinofert is also one of the enterprises that owns the largest reserve of phosphorite resource, laying a solid foundation for connecting di erent links along phosphate and phosphorite chemical industry. Yangmei Pingyuan
Sinofert is a member of IFA, and also one of the 17 members of IPNI around the world. We have Sinochem Changshan over 60 years of experience in developing fertilizer world trade and international trading network, as well as a staunch force in fertilizer import. In potash fertilizer import, we have established long- term strategic partnerships with major international potash suppliers, including Canpotex, APC, and BPC, safeguarding stable supply of potash fertilizer. Gansu WengFu Jinmei Tianyuan Sinofert has 18 branches, extending service to 26 agricultural provinces and over 95% of arable land in China. Sinofert has built a powerful sales network features the largest scale, the most extensive product items, and the strongest tech service capabilities, o ering not only agro-inputs, Kailin Co., Ltd. but also di erentiated service solutions.
Sinofert conducted in-depth cooperation with multiple government departments and agencies, such as Department of Plant Cultivation, Ministry of Agriculture, Service Center on Promotion of Agricultural Technologies, ful lling its corporate social responsibilities by advancing fertilizer reduction programs and exploring scienti c fertilization method. Visits to pilot eld were arranged to promote the application of formulated fertilizer and explore new mechanisms in fostering cooperation between farmers and enterprises. Thus, leading role of the new economy could be Sinochem Yantai played to demonstrate the effects of fertilizer reduction in increasing crop yield. Sinofert also
Nitrogen Fertilizer Company Salt Lake Industry Sinochem Zhisheng Phosphate Fertilizer / Chemical Company Sinochem Yunlong Potash Fertilizer Company Tri-circles Shandong Fertilizer Compound Fertilizer Company Sinochem
Sinochem Oriental Areas Covered By Distribution Network Tri-circles Sinochem Mosaic Sinochem Fuling
GEOGRAPHICAL LAYOUT FOR OUR FERTILIZER PRODUCERS AND DISTRIBUTION NETWORK
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SEEDS Northwestern China, Southwestern China, Yellow River and Huaihe River Region, and South China. In 2016, China Seed intensified its e orts on breaking bottleneck technologies, including hybrid wheat, hybrid rice, and hybrid corn, so as to enhance its capability in seeds production and China National Seed Group Corporation (China Seed), Sinochem Group’s subsidiary, is the first 650 23 processing. At the same time, China Seed spares no e orts in ensuring seeds safety for farmers via seed company approved by the State Council after the founding of the People’s Republic of China. thousand Mus Provincial marketing stringent quality control measures that runs through the whole production process. With over 40 years of development, China Seed has developed into a large seed group that runs Acreage of seeds and sales agencies R&D, production, processing, marketing, and tech service. Its business portfolio covers rice, wheat, production base In terms of marketing services, China Seed has established 23 provincial-level marketing service corn, vegetable, oil-bearing crops, and other major crops. China Seed won the prize of “China Star centers in China with our sales network covering all major crop growing regions. Based on its Seed Enterprise in Credibility” for two times in 2013 and 2016 respectively. developed marketing network, China Seed is now providing integrated solutions encompassing seeds, fertilizer, and agrochemicals to farmers. In 2016, China Seed give full play to its strengths in In R&D, China Seed speed up selection and breeding of premium crop breeds that are high crop breeds and promote di erentiated marketing. Outstanding breeds “Dekalb 517” and “Dekalb yielding, disease resistant, resources saving and environmental friendly via integrating advanced 653” that are sown at Yellow River and Huaihe River Region realized the farmers’ longstanding biotechnologies and conventional breeding technologies and establishing a market-oriented dream of mechanized corn harvesting. “Yueyou 9113” and “Yueyou 9712” sown along the Huaihe commercial breeding system. China Seed now owns two national R&D platforms, namely “National River reaches realized the match between breeds and agricultural machinery. The model that Key Enterprise Laboratory” and “National Certified Enterprise Technology Center”, where the integrates seed and grain for “Shengtaiyou 108” sown at Dongting Lake Region attracted orders former won the Prize of Excellence in the overall evaluation of genetic crop breeding laboratories from numerous rice processing enterprises, including COFCO. for corn, rice, and other crops conducted by Ministry of Agriculture. In addition, we have fully utilized our strengths in hybrid wheat and hybrid rice R&D, firmly In production and processing, China seed has established nearly 650,000 Mu (43,333 hectares) advancing our cooperation with countries along the “Belt and Road” with due focus on major of seed production bases (including companies that we have a controlling stake or hold shares) food crops. We launched the building of our rst overseas R&D center—Bangladesh R&D Center and 15 supporting modern seed processing, storage and transportation centers, constituting an on Crop Adaptability. overall layout plan that covers major crop growing regions in China, including Northeastern China,
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AGROCHEMICALS AGRICULTURE SERVICE
Our agrochemicals business covers the whole value chain, including R&D on both patent and generic 160 Sinochem Agriculture Holdings (abbrv. Sinochem Agriculture) was established as a fully funded products, AI (active ingredient) production, formulation processing and packaging, product registration thousand tons subsidiary of Sinochem Group and a uni ed platform in providing agricultural service based on and brand marketing domestically and internationally. We are the leading company in China for Sinochem Group’s advantage as the largest agriculture input enterprise in China. Annual AI production proprietary agrochemical products development, and the only Chinese company to operate high-end capacity global brand agrochemicals. We are also the largest shareholder of Jiangsu Yangnong Chemical Group Starting from “Agriculture Service” that could generate sustainable revenue for planters, Sinochem (abbrv, Yangnong Group) and Nantong Jiangshan Agrochemical & Chemicals Co., Ltd (abbrv, Jiangshan Agriculture is dedicated to become a leading modern agriculture comprehensive solution Group). In 2015, we maintained a leading place in terms of agrochemical business size in China. provider. During the process, “planting techniques” will take the lead while “agriculture financing” and “agriculture products sales” will be the two indispensable components, which will break the In terms of R&D, we own two national level pesticide R&D platforms, namely Shenyang Research Institute of development bottleneck faced by modern agricultural operators with the help of our closed-circle Chemical Industry (Shenyang Institute) and Zhejiang Research Institute of Chemical Industry (Zhejiang Institute), system and model innovation. and have 6 proprietary agrochemicals registered and sold in market. Shenyang Institute’s Safety Evaluation Center and Pesticide Testing Lab passed the GLP certification by the OECD member country Netherlands in Core businesses of Sinochem Agriculture are promotion of planting integration solutions, full 2012 and the reassessment in 2016 for the third time. Two FAO standards for proprietary agrochemicals, namely range land trust, formula customization for agro inputs, agricultural mechanization support, full pyraoxystrobin AI and suspension formulation, were drafted by shenyang Research Institute of Chemical range technological follow-up, farm produce sales, contract farming, food bank, agricultural Industry. It is the first time that China drafts international standards for agrochemical products. digitalization, agricultural credit and loans, agriculture financial leasing, agricultural insurance and In terms of production, we have formed four major production bases in Shenyang, Nantong, Lianyungang investment, etc. Sinochem Agriculture is also engaged in the businesses of low to medium yield and Yangzhou, with a total AI production capacity standing at 160,000 tons a year. Our product portfolio eld upgrade, soil improvement, targeted agricultural demonstration, and resource utilization of covers herbicide, fungicide, pesticide, and plant regulator, including over 40 active ingredients in total, agricultural waste. among which production scale and techniques of glyphosate, synthetic pyrethroids series, dicamba, butachlor, acetochlor, pymetrozine, mesotrione meet internationally recognized standards. Jiangsu Sinochem Agriculture now has business operations in Northeast China, Northwest China, and Yangnong Chemical Group has an annual glyphosate production capacity of 30,000 tons. Synthetic Southwest China, and also establishes branches in major granary provinces and counties. pyrethroids series, dicamba, and Imidacloprid produced by Yangnong Group maintains a leading position With household farms, specialized breeding farms, farmers’ cooperative society, and leading in domestic market in terms of product competitiveness while their production capacity ranks the second enterprises in agriculture industrialization as our major customers, Sinochem Agriculture place in the world. Nantong Jiangshan has an annual total AI production capacity of 70,000 tons, the only engages in the building of large scale modern agriculture demonstration farm for conducting domestic producer equipped with IDAN processing line and Glycine processing line at the same time for localized agricultural technology R&D, popularization, and comprehensive service, facilitating the the production of glyphosate. It is also among the first group of four glyphosate and PMIDA producers that realization of the sustainable development of modern agriculture in China. passed the inspection conducted by the Ministry of Environmental Protection. Quality Inspection Center a liated to Yangnong Group received National Laboratory Certificate. In terms of marketing and sales, we constantly strengthen our distribution channels at home and abroad. We now have a diversi ed product portfolio and a number of advantageous brands with our independent registration capability constantly on the rise. We own a series of registered trademarks, including “Yangnong”, “Moju”, “Jiangshan”, “Shuang Gong”, “Honglingda”, “Aike” “Junsiqi”, and “9080” etc., and are entitled to the ownership of the trademarks of “Machete”, New “Machete”, “Harness”, “Alachlor” in China, and we are the sole distributor in China for “Roundup”, “OMEX”, “Latitude” and “Rocket” authorized by the suppliers. We enjoy the leading position in domestic high-end pesticide market. We also own a team of dedicated international agrochemical traders. Our business footprints covers major international agrochemical markets with the help of our subsidiaries in Thailand, India, Philippines, Australia, and Argentina.
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REAL ESTATE BUSINESS As one of the central SOEs approved by the SASAC with property development and hotel operation as its major businesses, the origin of our real estate business dates back to the 1990s. We built the Jinmao Tower as its largest shareholder, a landmark building symbolizes the development of Pudong New Area and China’s Reform and Opening-up.
China Jinmao Holding Group (abbr. “China Jinmao”) is a flagship platform for real estate development under Sinochem Group. Its predecessor is Franshion Properties (China) Co., Ltd established in 2004 and listed in the Stock Exchange of Hong Kong in 2007.
We always pursue the development path of High-End and quality products, accelerate service and financial innovation, and commit ourselves to becoming a leading city operator in China. As a well-known trademark in China, the brand “Jinmao” represents refined lifestyle and healthy residency, which is well received by our customers and the society. The brand “Jinmao” has been included in the list of “The Most Valuable 500 brands in China” for 11 consecutive years.
In the future, bearing in mind the mission of “Unleashing Potential Vitality of the City”, we will go with the development path of urbanization in China and stick to our business model centering around city operation. We will accelerate the advancement of service and financial innovation based on our “Double-wings Driven” strategy centering on leading quality, for the realization of strategic upgrading from “Double-wheel Driven” to “Double-wheel and Double-wing” and high quality growth of our core business.
City Operations Property Hotel Operations Commercial Retail Operations Development Leasing
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GEOGRAPHICAL LAYOUT FOR OUR REAL ESTATE DEVELOPMENT PROJECTS AND HOTELS & RESORTS CITY OPERATIONS
Giving full play to our advantages in land, residence and complex development, and in property operation and service, we participate in the management of cities, led by planning and based on capital. By upgrading city function and industry, we help government build new center and better Beijing Chemsunny World Trade Center Nanjing Qinglongshan International Eco City Sinochem Tower release the vitality of the city in the future. So far, we have developed a dozen of city operation Nanjing Dongcheng Jinmao Residence Jinmao Beijing Renaissance Hotel projects, establishing unique city operation model featuring comprehensive development of city Nanjing Xuanwu Lake Jinmao Plaz Westin Beijing, Chaoyang core, new town development, distinctive town construction, etc. In 2016, we successfully held the Westin Nanjing Beijing Eastern Garden International Conference Center first session of “China Qingdao: Jinmao Industry Development Summit”, exhibiting our image of Nanjing Hexi Jinmao Palace Beijing Guangqu Jinmao Palace city operator and our capability of industry introduction. Nanjing Hexi Yuzui G97 Plot Beijing Wangjing Jinmao Palace Beijing Ya’ ao Jinmao Residence Zhengzhou Beilonghu Jinmao Palace Beijing E Town Jinmao Palace
Wuhan Donghu Jinmao Palace Beijing E Town Jinmao Residence Wuhan Yangsigang Program Beijing E Town Nobel Manor Beijing Jinmao Palace Chengdu Wuhou Beijing Fengtai Jinmao Plaza New Town Program Beijing jinzhanxiang 604 plot
Beijing Tianjin Haihe Jinmao Palace Tianjin
Qingdao China-Europe International City Qingdao Qingdao Shinan Jinmao Harbor
Suzhou Hushuguan Program Zhengzhou Hefei Lakefront Program Suzhou Science City Program Hefei Nanjing Hefei Beiyanhu Jinmao Harbor Wuxi Suzhou Gusu Jinmao Palace Suzhou Shanghai Jinmao Tower Chengdu Wuhan Hangzhou Chongqing Ningbo Chongqing Jinmao Residence Grand Hyatt Shanghai Chongqing Panlong Jinmao Residence Changsha Hyatt Regency Chongming Shanghai Chongqing Jinmao International Eco City Shanghai International Shipping Service Center Fuzhou Shanghai Harbor International Center Lijiang Guangzhou Shanghai Dongtan Jinmao Nobel Manor Changsha Meixi Lake International New City Foshan Shanghai Daning Jinmao Palace Changsha Yuelu Jinmao Meixi Lake Shenzhen Zhuhai Shanghai Xijiao Jinmao Palace Changsha Meixi Lake Jinmao Residence Shanghai Hongkou Liangchengxincun 073-06 Plot Changsha Meixi Lake International R&D Center Foshan Jinmao Lvdaohu (Green Island Lake) Shanghai Hongkou Tilanqiao HK322-01 Plot Changsha Meixi Lake Jinmao Plaza Sanya Changsha Meixi Lake Jinmao Harbor Zhuhai De Insight Ningbo Nantang Jinmao Palace Changsha Meixi Lake F13 Plot Ningbo Jiangdong Jinmao Palace Changsha Meixi Lake Jinmao Luxury Collection Hotel Hilton Sanya Resort & Spa Ningbo Haishu Jinmao Residence The Rits-Carlton, Sanya Ningbo Yaojiang New Area Plot 4 Lijiang Snow Mountain Jinmao Nobel Manor Fuzhou Yijing Plot Lijiang Jinmao Whisper of Jade Dragon Guangzhou Nansha Jinmao Harbor Lijiang J.Life Guangzhou Zhuajiang Jinmao Palace Hangzhou Huanglong Jinmao Residence Lijiang Grand Hyatt Hotel Guangzhou Tianhe Jinmao Plaza Capital Hangzhou Jinmao Palace Hangzhou Binjiang Jinmao Palace JW Marriot, Shenzhen Shenzhen Longhua Jinmao Palace Wuxi Capital Jinmao Lihu Jinmao Palace
Urban and Property Development Business Leasing and Retail Property Hotel Operation
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PROPERTY DEVELOPMENT HOTEL OPERATIONS
With the help of outstanding strategic guidance and premium products, our real estate 48.5 At present, we have a dozen of hotels in operation and under construction at prime locations development business witnesses rapid growth. The year 2016 witnessed a big breakthrough billion Yuan of the first-tier cities and core scenic spots in popular tourist destinations, enabling us to take a in sales with the contracted sales revenue amounting to 48.5 billion Yuan, up 6% YoY, ranking leading place in comprehensive competitiveness ratings. In terms of business hotels, the Grand 2016 contracted sales 24th in the industry. From 2010-2016, sales and profits compound growth takes a leading place Hyatt Hotel, located in the Jinmao Tower, has maintained a competitive occupancy rate and among the real estate developers listed in Hong Kong.Jinmao now has business operation in 5 average room fee among its rivals in the region with its landmark building advantage and high major areas, namely North China, East China, South China, Central China, and Southwest China. quality service. Beijing Jinmao Westin Hotel is the first choice for many foreign statesmen during A high-end series of product line has gradually taken shape featuring Mansion, Happiness, Villa, their stay in Beijing. In terms of holiday resort, we own 2 high-end 5 star hotels, namely Ritz- etc. What’s worth mentioning is Jinmao Mansion, with its great emphasis on green and high-tech Carlton Hotel and Hilton, enabling leading performance in the region.The Chongming Hyatt residence, has become a model in real estate market, perfecting our brand image as a high-end Regency Hotel, sitting at shanghai Chongming Island, is the rst ve-star hotel in the area, and property developer. We acquired 3.71 million square meters of land in 2016. Thus, our total land 34.01 also China’s first Hyatt Regency Resort Hotel in China. Meixi Lake Hotel, a luxury collection hotel reserve by the end of the year reaches 34.01 million square meters, laying a solid foundation for by Jinmao, was completed in 2016. In the meantime, we have made a breakthrough to start our development and expansion in the future. million square meters hotel self-management, light asset output and management output. Thus, the popularity and Land reserve till the end reputation of Jinmao hotels have been on the rise with increasingly better market image. of 2016
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COMMERCIAL LEASING RETAIL OPERATIONS
We own several landmark o ice buildings at the prime locations of core cities, including Beijing, In 2016, we launched a press conference to publicize “The Mall of Splendors”, and confirmed Shanghai, and Nanjing, the quality and leasing rate of which take a leading place in the market. a strategic model for retail business, namely “attaching equal importance to both light and Chemsunny World Trade Center and Sinochem Building in Beijing stands at the premium location heavy assets, pursuing cooperation and innovation”. The first mall of splendors in Changsha has of the convergence point of Chang’an Avenue and Financial Street Business District. Shanghai introduced anchor stores like Wal-Mart and CGV as well sub-anchor stores like H&M and MUJI. Jinmao Tower is the first choice for home grown as well as foreign companies seeking business Shanghai J•LIFE has always maintained a high occupancy rate. Nanjing Jinmao Place has optimized opportunities in Shanghai. First Phase of the o ice building at Nanjing Xuanwu Lake Jinmao Plaza the commercial tenants to meet the demand for upgraded experiential and entertaining standing at the city center fully meets the 5A standard. consumption. In the meantime, we have given full play to various professional platforms under Jinmao brand, developing segments and community business. J•LIFE in Nansha, Guangzhou was opened in 2016. Overall renovation of community business of Chongqing Jinmao Longyue was completed, which e ectively activated the stock and increase sales premium.
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FINANCE BUSINESS Under the management of Finance Strategic Business Unit, our financial business spans over trust, leasing, securities investment funds and life insurance, forming a non-banking financial business framework with full qualifications. Besides, we have cultivated several competitive and in uential brands including “FOTIC”, “Far East Horizon”, “Lion Fund” and “Manulife-Sinochem Life Insurance”, and have constantly strengthened our risk control and profitability.
In the future, we will speed up the consolidation of financial business, expand the business layout, propel product and service innovation, enhance risk control capability, promote our leading position in various areas, and build a financial service platform which leads industry in terms of the level of financial service and management as well as capital e iciency.
Trust Financial Leasing Securities Finance Company Life Insurance Investment Fund
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TRUST FINANCIAL LEASING
China Foreign Economy and Trade Trust Co. Ltd (abbr. “FOTIC”), a subsidiary of Sinochem, was 476 200 Sinochem is the largest shareholder of the Hong Kong listed Far East Horizon Co., Ltd. (abbr. founded in 1987 and holds one of the vice president chairs in China Trustee Association. FOTIC’s billion Yuan billion Yuan “Far East Horizon”). Following the business philosophy of “Finance plus Industry”, Far East business spans over 6 areas, including interbank financing, capital market, securities trust, mirco Horizon constantly pursues innovation in products and services so as to provide our customers Trust assets Balance sheet asset nance, industry nance and wealth management. FOTIC has obtained qualifications ranging from with tailored comprehensive industry operating service, contributing to the realization of the under our management stock index futures, entrusted overseas nancial management, SPV, equity investment business enterprise vision of “Pooling Global Resources, Supporting Industry Development in China”. It now with inherent assets, private equity fund manager, etc. By professional operation and business has developed into a leading innovative nancial service Agency in China. innovation, FOTIC provides customers with quality and professional financial products and services. We are dedicated to become a financial company featuring leading position in core Far East Horizon offers comprehensive industry operating services including financial service, business subdivision, highly e cient operation and management, and sustainable development. industry investment, trade brokerage, management consulting in numerous sectors, including health care, construction, education, industry equipment, electronic information, public Due to three decades of development, we have accumulated more than 400 client from nancial utilities, transportation, modern agriculture, chemicals, energy conservation and environmental institutions, over 100 industry clients and 7,000 high net-worth clients. Our micro finance, protection. We have thus gained an operating advantage featuring coordinated development securities trust, family trust, overseas asset allocation and other business rank the forefront of of financial resources organization and operation versus industry resources exploration and the industry. We took the lead in launching our own brand “Five Elements Wealth Management”, cultivation, as well as nancial development versus industry development. helping clients manage their wealth through rich products and professional services. In 2016, Far East Horizon increased investment in relatively prudent sectors including health As a result of its remarkable achievements in the nancial market, we have won many awards in care, education, TV and radio broadcasting, PPP construction, etc. Besides, financial business the industry in 2016, including “Golden Bull Trust Company to Provide Capital Market Service”, was transformed and upgraded towards the operation of investment banks. In terms of industry “Best Trust Organization”, “Jinzhen Award for Excellent Family Trust Company”, “2016 Excellent operation, Far East Horizon gradually strengthens its comprehensive operating capability in Brand Company of Real Estate Trust in China”, “Excellent Trust Scheme of Innovation”, etc. health care, construction, education, etc.
Until the end of 2016, asset managed by FOTIC has amounted to 476 billion Yuan. Up until the end of 2016, Far East Horizon has managed balance sheet asset and o balance sheet asset totaling 200 billion Yuan, maintaining a leading position in the China’s financial leasing industry.
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SECURITIES INVESTMENT FUND LIFE INSURANCE
Sinochem Group has invested in two fund management companies, namely Lion Fund and 139.8 22.5 Manulife-Sinochem Life insurance Co., Ltd. (abbr. “Manulife-Sinochem”), was co-founded by Baoying Fund. Lion Fund, of which we are the main initiator, managed 52 public funds with billion Yuan billion Yuan Sinochem Group and the Canada-based Manulife Financial Corporation in November 1996. It was the total asset value reaching 95 billion Yuan, and 60 separately managed account wealth the rst sino-foreign life insurance joint venture in China. Assets under Total asset management product with the total assets value reaching 25.6 billion Yuan. our management The company has a sta of over 14,000, serving over 910,000 clients with professional insurance Baoying Fund managed 22 public funds with the total asset value reaching 44.8 billion Yuan, and service in more than 50 cities in China. Manulife-Sinochem achieved an insurance income of 39 separately managed account wealth management product with the total asset value reaching 5.022 billion Yuan, a yearly increase of nearly 27%. Up until the end of 2016, total asset of the 5.6 billion Yuan. company amounted to 22.5 billion Yuan. In the future, Manulife-Sinochem will actively explore fund sales business while consolidating the current major business of life insurance, laying out comprehensive channel services in existing cities .
FINANCE COMPANY
Sinochem Finance Co., Ltd. (abbr. “Sinochem Finance”), a subsidiary of Sinochem Group, was founded in 2008. By upholding the purpose and principle of of “Relying on and serving Sinochem, Standard operation and innovation”, it actively enriches the profoundness of nancial service via centering around Sinochem’s industry chain and value chain, actively acquiring operating licenses, and expanding business channels and improving its service quality. It is dedicated to laying out a coordinated development among its four core business, namely global funds pool, financing service, asset management and nancial intermediary.
In 2016, Sinochem Finance acquired regulation rating on A with various major indicators among the forefront of the industry.
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TENDERING Sinochem International Tendering Co., Ltd. (abbrev. “Sinochem Tendering”), a subsidiary of Sinochem Group, is one of the rst specialized comprehensive bidding service providers in China with its business scope covering international and domestic bidding, import brokerage, centralized procurement, government procurement, PPP consulting, cost consulting, business consulting, logistics management, etc. It serves a wide array of sectors vital to national economic development including science and industry for national defense, rail transport, equipment OTHER BUSINESSES manufacturing, petrochemicals, civil aviation, shipping transport, energy conservation, etc. Sinochem Tendering has a wide array of Class-A qualifications issued by the Ministry of Commerce, Ministry of Housing and Urban-Rural Development, Ministry of Finance, National Development and Reform Commission, etc. It also obtain “ISO9001 Quality Management System Certificate”. Besides, it has a series of industry quali cations including “Certificate of Adequate Security Conditions for Conducting Classified Military Consultancy Service”, “Advanced Certificated Enterprise by Beijing Customs”, etc.
Sinochem Tendering has been awarded “Top 10 Brand in Chinese Tendering Market” for 8 consecutive years, and has won “10 Most Competitive Tendering Agencies Award”, “China Sunshine Tendering Award”, “The Most Competitive Agency for Government Procurement Projects”, “The Most Preferred Brand for PPP Consulting”, etc. Sinochem Tendering was rated AAA at credit rating activities hosted by China Tendering and Bidding Association.
ENERGY CONSERVATION AND ENVIRONMENTAL PROTECTION
Sinochem Energy Conservation and Environment Protection (Holdings) Beijing Co., Ltd. (abbrev. “Sinochem Energy Conservation and Environment Protection”) is our high-tech subsidiary specialized in energy conservation and environment protection services with great strength in o ering comprehensive energy-saving services. The company is an energy conservation service company jointly approved by National Development and Reform Commission and the Ministry of Finance.
In the field of energy conservation, Sinochem Energy Conservation and Environment Protection focuses on providing customers with integrated energy saving solutions, of which business covers two markets in industrial energy conservation and architectural energy conservation. According to the characteristics of di erent projects, various business development models can be adopted such as EPC, EMC and investment operation to meet the diversi ed needs by providing customized services.
In terms of environmental protection, Sinochem Energy Conservation and Environment Protection gradually grew into a provider of integrated environmental protection services ranging from consulting, investment, designing, construction and operation with core competitiveness in advanced technologies. Taking comprehensive prevention and control of industrial pollution as the goal, the company acquired two patents in 2016, utilizing self- developed technologies to provide solutions to address industrial sewage of “high pollution, high consumption and high emission” for many enterprises in Shandong, Hubei, Hebei, etc. The company invested and operated garbage leachate treatment programs, which was incorporated into the PPP project pools by 37 provinces, municipalities and counties. Sinochem Energy Conservation and Environment Protection has had a competitive edge in urban waste treatment, comprehensive management of river basins and other environmental protection consulting areas.
Tendering Energy Conservation and Environmental Protection
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CORPORATE SOCIAL RESPONSIBILITY
As an enterprise that operates globally and a member of United Nations Global Compact, Sinochem has been dedicated to sustainable development of economy, society and environment. We consider corporate social responsibility as an integral part of corporate development and core competitiveness, applying sense of responsibility to daily business operation and management, striving to achieve development in an innovative, scientific and green manner, and bringing increasing bene ts to stake-holders and the general public.
WE STRIVE TO BE AN ENTERPRISE THAT
Pays o shareholders, creates value and is trusted by the state Serves its customers, cooperate with them and is relied by them Attaches importance to health, safety, environmental protection and energy conservation, and is able to develop sustainably Cares its sta , grows together with them and is loved by them Abides by law, creates bene ts for the general public, and is respected by the society
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PROMOTING NATIONAL ECONOMIC DEVELOPMENT REINFORCING HSE FOUNDATION AND IMPROVING PEOPLE’S LIVELIHOOD We consider HSE as the cornerstone of corporate development, and integrate it into our development strategy. In 2016, we continued to take risk control as our major task, adhered to safe We integrate our corporate development within the bigger picture of national development production, paid special attention to production frontier, focused on problem solving, reinforced strategy and the general public’ needs, focus on main businesses that are closely related to our HSE foundation, and upgraded management. As a result, we have e ectively prevented the national economy and people’s livelihood, and increase service ability of whole industry chain. We occurrence of severe accidents and ensured a stable HSE situation. strive to become stronger and better, safeguard national energy security and agriculture security, promote the progress of chemical industry, so as to improve people’s livelihood with our quality In terms of safe production, we aim to build a “benchmark company”, by attaching importance products and services. to safety inspection at workshop and work group level, accountability system implementation, HSE capability build-up, hazards check and reduction, intrinsic safety and behavior-based We actively completed and managed the National Strategic Crude Oil Reserve Base, and advise safety improvement, etc. Thus, safety system was improved together with the addressing of key on national oil reserves procurement, leasing, rotation and utilization. For years, we have problems, leading to better management foundation. ful lled the tasks of fertilizer and seed storage, playing a signi cant role in stabilizing prices and changing seasonal demands. We built a world-class commercial breeding platform, China Seed With regard to environmental protection, we adhere to green development philosophy and Science and Technology Center, the largest of its kind in China. We gave full play to our strength publicize its significance. We upgraded technologies and innovate equipment, complied with “Ten in agrochemicals, leveraging key national laboratories to improve the quality of environment- Air Pollution Control Measures” and “Water Pollution Control Action Plan”, phased out coal-fired friendly agrochemicals. Implementing the “Belt and Road Initiative”, we actively explored overseas boilers under 10 tons, checked on main sources of pollution and total emission, examined clean markets to enhance our main businesses, achieving development through win-win cooperation. production and evaluated energy and water conserving e ects. In the end, we constantly making progress on environmental protection and energy conservation.
As for occupational health, based on what we have already achieved, we normalized the regular, daily and “unannounced” inspection on workplace hazards and occupational health examination for employees, controlled key occupational hazards, and obtained obvious progress.
To enhance emergency management ability, we equipped ourselves with emergency supplies and equipment, strengthened emergency monitoring, warning and control under natural disaster and extreme climate. We paid attention to full-time and part-time emergency team training, carried out emergency drills at regular intervals, and increased our emergency response ability. Besides, we also made breakthroughs in building national emergency base.
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PRACTICING INNOVATION IN EXTENDING ENHANCING THE VALUE OF EMPLOYEES SERVICE TO OUR CUSTOMERS 1113 We value employees as the fundamental force that drives our growth. Keeping in mind the philosophy of “Human resources are Sinochem’s top priority, corporate value and staff’s value Bearing in mind the business philosophy of “Creating value for customers with value-added Number of college should be jointly enhanced”, we strive for building a corporate atmosphere that is fair, progressive, service, Creating value for enterprises with customer satisfaction”, we are in constant pursuit of graduates recruited at home and abroad and harmonious by adopting market-oriented and innovative talents selection, hiring, and diversifying, enriching, and enhancing our services so as to grow with our customers. cultivation mechanisms. Lawful rights of our sta are safeguarded, and their values are respected for joint growth. We employed 1113 college graduates at home and abroad in 2016. We were actively engaged in oil trading channels expansion at home and abroad so as to deliver better service our customers at lower costs. While strengthening business credit management We attach great importance to career development and growth of our staff. Such diversified and perfecting metering equipment in storage and logistics to provide faithful and highly e cient career developed options as management, professional expertise, and production skills are services, we also expanded service and distribution network to extend convenient value-added o ered suited to personal aspirations and preferences; multi-tiered sta development system are service and products to our customers. In line with modern agricultural development trend and established to facilitate the growth of our sta ; bene cial recreational activities are organized in giving full play to our role as an integrated agricultural inputs and modern agricultural service an e ort to extend care to our sta and build an harmonious working environment. provider, we explored the building of an integrated agricultural service system, continued to o er agricultural service themed “Sinochem’s Care for the Agricultural Dream”, in an e ort to cultivating We always follow a market-oriented pay & incentives policy and explores diversified incentive professional farmers for realizing zero pesticides and fertilizer growth, promoting farmers’ income mechanisms so that the efforts made by our staff in creating value could be better protected. growth, and also advancing healthy development of the rural area and agriculture. We boasted Honorary system building featuring “Model Employee”, “Outstanding Employee” , “Innovation the largest and safest liquid chemicals and ISO tanks in China, enabling us to provide premium Award”, “Growth Award”, “Performance Award”, are improved to encourage our sta to pursue coastal and ocean liquid chemicals shipping service. Dedicated to the high-end marketing excellence. We practice the principle of democracy and equality to encourage participation in strategy, we provided comprehensive urban development and operation service in line with the corporate management and the establishment of a labor relationship characterized by stability business principle of “Green Technology, Jinmao Quality”. As a forerunner in launching our own and harmony. Corporate a airs were streamlined in a standardized and digitalized way in 2016. brand, namely “Five Elements Wealth Management”, in the non-banking financial sector, we Major decisions and a airs of public concern were made public in accordance with relevant rules helped our clients manage wealth via resorting to diversi ed products and professional service. and regulations.
As an enterprise than operates globally, we abide by international code of conducts and relevant laws and regulations. We treat our sta equally in terms of recruitment, remuneration, and promotion regardless of their nationality, race, gender, religious affiliation, and cultural background. Thus we can pool global wisdom and facilitate our growth.
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DRIVING THE GROWTH OF PUBLIC WELFARE BUILDING HARMONIOUS COMMUNITIES
We actively participates in cause of the public good, seeks new models in poverty relief, and 684 While seeking growth for the company, we actively participate in the construction of local public contributes to social progress. Since 2002, we have been upholding the poverty relief doctrine of Number of students from utilities and promote common development with the local community. “Combining mindset transformation with in-kind donations, integrating intellectual investment aid receiving areas with project investment”, and poverty relief e orts are extended to 6 poverty-stricken counties We uphold the philosophy of "mutually beneficial win-win cooperation and common and regions in Qinghai, Tibet, and Inner-Mongolia Autonomous Region. More than 20 cadres are development" and have created a cooperative model featuring close integration and win-win dispatched to the above-mentioned regions in 5 groups with our total relief fund reaching 284 development with the local community. Through cultural exchanges, staff localization, local million RMB. Great e orts are devoted to infrastructure development and vocational training to procurement, sponsorship, and environmental protection, we are dedicated to local economic promote local production, healthcare, and education development. and social development in a variety of ways.
We invested in the Gangba county ranching area healthcare management system in Tibet so as to In Colombia, we actively sponsored local health care, education and infrastructure development; improve locals’ livelihood. We also invested in Dachaidan Social Welfare Center, Adoption Center in Côte d'Ivoire, through the acquisition of ITCA, we’ve become a strategic partner with 500,000 for the Disabled, Teaching Building for the Dachaidan Central School in Qinghai to facilitate local rubber growers; in Cameroon, we invested in schools, hospitals and other facilities to local welfare and education progress. Two million RMB were earmarked for the establishment improve local education, medical and healthcare conditions. of “Emergency and Disaster Relief Fund” in Alukerqin to help impoverished families. We also actively responded to the call by the central government for precision and targeted poverty relief, earmarking 100 million RMB for participating in the establishment of “Centrally-governed SOEs Industrial Investment Fund for Poverty-stricken Areas”.
In the meantime, we established a donation platform named “Fulfilling Your Dream Initiative”. Pairs were matched between 512 sta members 684 students from the poverty-stricken areas for continuous support and assistance since 2013.
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2016 KEY EVENTS
January 5 Senior managers’ meeting were convened at Sinochem Headquarters. Wang Jingqing, Vice Minister, Organization Department of the Central Committee of the CPC, attended the meeting and announced the decision made by the Central Committee of the CPC in Sinochem’s management team adjustment. Frank Ning assumed o ce as Sinochem’s Chairman and Party Secretary Chief. Liu Deshu retired from the management team. January 27-28 2016 Annual Meeting was held to wrap up achievements in 2015, analyze new trends during the course of reform. Theme of the year was proposed featuring “gain con dence, rise to di culties, improve e iciency, practice upgrading, and achieve a good start during the Thirteenth 5-year Plan period.” March 11 Meeting on the Establishment of a Standardized Corporate Board for Sinochem Group was convened by the SASAC. The rst Board of Sinochem Group was o cially established. March 28 Agreement Signing Ceremony for the acquisition of SGX-listed Halcyon Agri Corporation Limited by Sinochem International was held in Shanghai. After the transaction was concluded, Sinochem international would be equipped with a processing capacity of 2 million tons of natural rubber and latex, the world’s leading natural rubber supply chain manager. April 15 Sinochem Group, along with Sinochem’s Agricultural Strategic Business Unit, held on- site agricultural service activity named Sinochem’s Care for the Agricultural Dream and also the Experience Sharing Seminar on the cooperation between farmers and enterprises for the popularization of formula fertilizer and zero fertilizer growth by the Department of Plantation, Ministry of Agriculture in Mingguang, Anhui Province. April 19 Zhang Dejiang, member of standing committee of Political Bureau of CPC Central Committee and Chairman of the standing committee of the National People’ s Congress, visited Life Science and Technology Center, China National Seed Group, noting the important role played by technologies in safeguarding food safety and the importance of source control for edible agricultural products. April 22 Mobilizing and Implementing Meeting in Studies on the Theoretical and Practical Issues of Party Building was convened by Sinochem Group. In-depth party building studies were launched and carried out. Political moral qualities and fighting capabilities of members of management team who are also CPC members are greatly strengthened via building in thoughts, organization, work style, and discipline. May 4 Experts under the Recruitment Programs of Global Experts from Zhejiang Research Institute of Chemical Industry has initially established the rst batch of installations for GWP parameters research, the first of its kind in China, and also a milestone marking China is equipped with chemical compound atmosphere lifetime and GWP parameter testing capabilities. It will also contribute to reducing greenhouse gas emissions in China.
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2016 KEY EVENTS 2016 KEY EVENTS
May 20 September 30 Final competition for Sinochem’s Young Maker Contest themed Innovative Development The rst Jinmao Splendor Mall by China Jinmao opened in Changsha, along with the and Young Entrepreneurs’ Undertaking was held in Beijing. Over 150 makers’ team from grand opening of Meixi Lake Luxury Collection Hotel. During the Jinmao Business Sinochem headquarters and its affiliates formulated 164 innovative programs, covering Strategy Press Briefing, Frank Ning, Chairman of Sinochem Group, gave the newly business model innovation, technological and products innovation, institutional innovation, completed mall its o icial name. process innovation, and techniques innovation. October 12 May 23-25 FOTIC “Global Assets Allocation, Phase III” was established with the asset size 2016 Sinochem Strategy Symposium was convened. Action learning method was adopted reaching 282 million RMB. in studying future strategic plans for Sinochem Group and its Strategic Business Units. November 7 Important consensus was reached, including limited diversity for Sinochem Group, Enlargement of Sinochem Group Senior Management Team was convened. professional development for business units, transforming Sinochem into a diversified Representatives from the Organization Department of the Central Committee of investment and holding company and an innovative petrochemical and fine chemical the CPC announced the decision made by Central Committee of the CPC and State enterprise that covers agriculture, real estate, finance, etc., and adopting a management Council in appointing Mr. Zhang Wei as President of Sinochem Group. At the same model characterized by “Small Headquarters and Big business”. time, Party Committee of the SASAC under the State Council appointed Mr. Zhang June 2 Wei as Vice Party Chief and Director of the Board of Sinochem Group. China Jinmao acquired the Shangtang Program located at Longhua New Area, Shenzhen, November 14-19 completing its business arrangement in four major first-tier cities. China Jinmao further Frank Ning, Co-Chair of the Sustainable Development Working Group (SDWG), APEC improved its business arrangements in major first and second tier cities. In addition to Business Advisory Council (ABAC), attended the fourth ABAC meeting in Lima, Peru. Shenzhen, China Jinmao also ventures into Tianjin, Wuhan, Zhengzhou, Wuxi, and Hefei, etc. During the ABAC and APEC Economic Leaders Dialogue Plenary Session, Chairman with a newly-planned construction of 2.61 million square meters in 2016. Frank Ning moderated face-to-face exchanges between nine ABAC representatives June 10 and ve heads of state from the APEC economies, including Chinese President Xi Two FAO standards for the newly developed pyraoxystrobin Active Ingredients and Jinping. Co-Chair Ning also accompanied President Xi Jinping in participating in Suspension Formulation were drafted by Shenyang Research Institute of Chemical Industry, exchange activities between President Xi and ABAC representatives. which were approved by the experts’ panel at the FAO/WHO/CIPAC Co-chair Meeting held in Tokyo, the first of its kind in China. Frank Ning, Chairman of Sinochem Group, and also Chairman of Trade and June 30 Investment Taskforce, B20 (Business 20, an integral part of the G20 Hangzhou The Meeting Commemorating the 95-year Anniversary of the Founding of the CPC was Summit) attended the G20 Summit held in Hangzhou, and other key international convened in Beijing. CPC members of excellence, party a airs workers of excellence, and meetings, including G20 Trade Ministers’ Meeting. Chairman Frank Ning offered party organizations of excellence were honored and relevant experiences were shared policy recommendations concerning global economic governance, such as free during the meeting. trade and trade facilitation, on behalf of the business community. July 11 Relocation Ceremony was held by Sinochem International, which was o icially relocated to December 2 Sinochem Key Staff Members Meeting were convened in Beijing, kicking off Sinochem International Plaza at the business city adjacent to the Expo Park in Shanghai. Sinochem’s reform initiative. Operational departments of Sinochem Headquarters July 20 were streamlined from twenty to nine, and five strategic business units were Sinochem was included in the Fortune 500 list for 26 times, ranking 139th place with a sales established, namely Energy, Chemicals, Agriculture, Real estate, and Finance. revenue of 60,656 billion USD. December 11 August 8 Sinochem Group Party Members’ team reviewed and approved Feasibility Studies Board of Supervisors for major key state-owned enterprises was introduced to Sinochem on Quanzhou Petrochemical 1 million ton/year Ethylene Project and also Upgrading Group. Under the leadership of Mr. Dong Shukui, Chairman of the Board of Supervisors, the and Expansion Program for Quanzhou Re nery. Eighteenth O ce under the SASAC, started ful lling its supervisory duty that would last for three years. December 12 Energy Strategic Business Unit convened Resolution Pledging Rally and also the September 11 Meeting commemorating the establishment of the Unit in Beijing; December 14, 2016 Sinochem Sports Meeting was held in Beijing. This is the rst time that Sinochem holds Meeting on the Establishment of Chemicals Strategic Business Unit was held in sports meeting since it was last held in 2003. Themed “New dreams, New starting point, Beijing. New journey”, the event attracted the participation of over 1000 sta members. December 30 September 26-27 Sinochem Group launched Management Innovation Program with the purpose Sinochem Group organized the press briefing titled Into Sinochem—Quanzhou Tour, of building a 6S management system and a streamlined and highly-efficient inviting over 20 reporters from mainstream media to Quanzhou Re nery and Sinochem Oil headquarters, making strategic business units pillars in business strategy Gas Stations for frontline reporting and interviews. advancement and business operation expansion.
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FINANCIAL STATEMENTS
AUDITOR’S REPORT
Baker Tilly China [ 2017 ] No.10553-7
TO SINOCHEM GROUP: We have audited the accompanying financial statements of Sinochem Group (hereinafter referred to as “the Company”), which comprise the consolidated balance sheet as at 31 December 2016, and consolidated income statement and consolidated cash flow statement for the year then ended, and the notes to these financial statements.
1. THE MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENT Management of the Company is responsible for the preparation and fair presentation of these nancial statements. This responsibility includes: (1) preparing the nancial statements in accordance with Accounting Standards for Business Enterprises to achieve fair presentation of the financial statements; (2) designing, implementing and maintaining internal control which is necessary to enable that the financial statements are free from material misstatement, whether due to fraud or error.
2. AUDITOR’S RESPONSIBILITY Our responsibility is to express an audit opinion on the nancial statements based on our audit. We conducted our audit in accordance with China Standards on Auditing. China Standards on Auditing require that we comply with the Code of Ethics for Chinese Certi ed Public Accountants and plan and perform the audit to obtain reasonable assurance about whether the nancial statements are free from material misstatements. The audit involves performing audit procedures to obtain audit evidence about the amounts and disclosures in the nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control relevant to the preparation and fair presentation of the nancial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the e ectiveness of the internal control. An audit also includes evaluating the appropriateness of accounting policies adopted and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the nancial statement. We believe that the audit evidence we have obtained is su cient and appropriate to provide a basis for our audit opinion.
3. OPINION In our opinion, the financial statements of the Company present fairly, in all material respects, the Company’s consolidated nancial position as at 31 December 2016, as well as the consolidated results of operations and cash ows for the year then ended in accordance with the Accounting Standards for Business Enterprises.
Baker Tilly China Chinese Certified Public Accountant: Beijing, China
April 7, 2017
Chinese Certified Public Accountant:
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CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET (CONTINUED)
2016.12.31 2015.12.31 2016.12.31 2015.12.31
ITEMS RMB'0000 USD'000 RMB'0000 USD'000 ITEMS RMB'0000 USD'000 RMB'0000 USD'000
Current assets Current lialilites
Cash and bank 3,417,551.25 4,926,555.07 2,263,268.16 3,485,382.78 Short-term borrowings 1,752,466.41 2,526,259.78 1,246,435.02 1,919,482.29
Settlement reserve 5,864.15 8,453.44 874.57 1,346.82 Deposits and placements from other financial institutions 80,323.76 115,790.34 70,022.39 107,832.93
Financial assets at fair value through pro t and loss 10,212.80 14,722.21 23,289.93 35,865.98 Financial liabilities at fair value through profit and loss 721.15 1,039.57 127.23 195.93 Derivative assets 8,726.70 12,579.93 8,099.35 12,472.82 Derivative liabities 73,092.98 105,366.84 49,316.70 75,946.63 Notes receivable 266,557.42 384,254.61 287,578.62 442,864.70 Notes payable 845,386.89 1,218,663.53 681,182.32 1,049,005.66 Accounts receivable 4,167,913.17 6,008,235.79 3,469,521.70 5,342,986.48 Accounts payable 4,759,618.39 6,861,205.69 4,631,745.83 7,132,785.87 Advances to suppliers 772,273.87 1,113,267.80 422,171.02 650,134.01 Advances from customers 3,452,433.03 4,976,838.73 1,960,414.58 3,018,994.98 Interest receivable 63,705.79 91,834.78 45,957.85 70,774.07 Securities sold under agreement to repurchase 988.88 1,425.52 - - Dividends receivable 259.00 373.36 550.88 848.34 Interest payable 131,137.71 189,040.95 113,328.88 174,523.97 Other receivables 1,843,505.45 2,657,496.68 1,288,787.29 1,984,703.85 Dividends payable 15,694.88 22,624.88 27,433.29 42,246.66 Inventories 9,192,785.73 13,251,817.40 8,176,464.28 12,591,573.67 Other payables 1,579,285.88 2,276,612.20 1,043,975.76 1,607,699.52 Current portion of non - current assets 4,536.24 6,539.20 4,091.16 6,300.30 Current portion of non-current liabilities 2,189,466.75 3,156,215.58 1,195,435.64 1,840,944.37 Other current assets 771,809.72 1,112,598.71 411,828.78 634,207.21 Other current liabilities 1,053,068.68 1,518,046.26 1,201,059.83 1,849,605.47 Total current assets 20,525,701.29 29,588,728.98 16,402,483.59 25,259,461.01 Total current liabilities 15,933,685.39 22,969,129.87 12,220,477.47 18,819,264.28 Non-current assets
Loans and advances 11,097.03 15,996.87 6,612.26 10,182.73 Non-current liabilities
Available-for-sale nancial assets 1,455,415.80 2,098,047.86 1,160,679.63 1,787,420.89 Long-term borrowings 5,566,641.96 8,024,566.76 5,145,022.95 7,923,221.26
Held-to-maturity investments - - - - Bonds payable 5,154,730.74 7,430,778.06 5,330,237.98 8,208,448.28
Long-term receivables 23,113.46 33,319.10 21,356.16 32,888.01 Long-term payable 3,488.83 5,029.31 3,299.27 5,080.80
Long-term equity investments 3,093,098.06 4,458,841.08 2,765,959.10 4,259,515.68 Grants payable 35,092.41 50,587.30 13,554.71 20,873.95
Investment property 583,372.82 840,958.37 540,016.55 831,613.51 Provisions 257,303.64 370,914.86 263,084.75 405,144.68
Fixed asset-original cost 7,999,941.50 11,532,278.36 7,606,432.43 11,713,737.26 Deferred income 28,208.61 40,663.99 26,608.26 40,976.13 Less: accumulated depreciation 2,147,307.64 3,095,441.31 1,730,104.89 2,664,323.16 Deferred tax liabilities 400,701.66 577,629.61 472,365.59 727,432.53 Fixed assets-original cost net of depreciation 5,852,633.86 8,436,837.05 5,876,327.54 9,049,414.10 Other non-current liabilities 14,178.24 20,438.58 6,277.26 9,666.85 Less: provision for impairment of xed assets 69,113.58 99,630.36 29,031.43 44,707.76 Total non-current liabilities 11,460,346.09 16,520,608.47 11,260,450.77 17,340,844.48 Fixed asset-net value 5,783,520.28 8,337,206.69 5,847,296.11 9,004,706.34 Total liabilities 27,394,031.48 39,489,738.34 23,480,928.24 36,160,108.76 Construction in progress 932,801.07 1,344,675.03 1,171,450.25 1,804,007.41
Construction materials 72,199.27 104,078.52 100,977.79 155,503.56 Equity Fixed assets pending for disposal 6.78 9.77 4.27 6.58 Paid-in capital 4,340,421.00 7,069,900.30 4,360,421.00 7,099,683.03 Prouductive biological assets 103,923.73 149,810.77 80,418.07 123,842.04 Capital reserve 123,987.05 169,945.54 167,178.78 234,263.93 Oil and gas assets 5,017,769.35 7,233,342.01 4,943,629.04 7,613,079.09 Other comprehensive income -117,465.69 -2,340,937.75 -55,448.64 -1,041,863.87 Intangible assets 1,272,716.24 1,834,678.16 1,279,654.71 1,970,639.88 Specialized reserve 9,234.75 14,922.37 9,151.64 14,798.60 Development disbursements 1,591.31 2,293.95 1,427.09 2,197.69 Surplus reserve 168,454.92 271,903.58 166,561.07 269,083.38 Goodwill 618,331.34 891,352.66 432,370.89 665,841.58 Retained earnings Long-term deferred expenses 126,030.92 181,679.28 112,665.75 173,502.76 1,865,528.97 3,002,750.13 1,573,760.52 2,568,267.00
Deferred tax assets 242,382.17 349,404.89 182,938.90 281,721.85 Equity attributable to parent company 6,390,161.00 8,188,484.17 6,221,624.36 9,144,232.07
Other non-current assets 85,369.77 123,064.41 414,210.45 637,874.91 Minority interests 6,164,248.21 9,909,265.89 5,761,598.01 9,309,664.69
Total non-current assets 19,422,739.40 27,998,759.42 19,061,667.02 29,354,544.51 Total owner's equity 12,554,409.21 18,097,750.06 11,983,222.37 18,453,896.76 Total assets 39,948,440.69 57,587,488.40 35,464,150.61 54,614,005.52 Total liabilities and owner's equity 39,948,440.69 57,587,488.40 35,464,150.61 54,614,005.52
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CONSOLIDATED INCOME STATEMENT CONSOLIDATED CASH FLOW STATEMENT
2016 2015 2016 2015
ITEMS RMB'0000 USD'000 RMB'0000 USD'000 ITEMS RMB'0000 USD'000 RMB'0000 USD'000
1. Revenue 39,549,503.88 58,894,619.57 38,065,420.27 60,360,941.07 1.Cash ows from operating activities
Including: operating income 39,406,010.16 58,680,937.80 37,895,869.96 60,092,082.45 Cash received from sales and services 41,424,055.53 61,686,083.32 39,630,366.40 62,842,500.99 Net increase in deposits and placements from financial institutions 10,301.37 15,340.15 -1,350.26 -2,141.14 Interest income 9,773.62 14,554.26 12,015.75 19,053.56 Net increase in due to central banks 988.88 1,472.58 - - Fees and commissions income 133,720.10 199,127.51 157,534.56 249,805.06 Net increase in placement from nancial institutions -300,000.00 -446,741.02 50,000.00 79,285.79 2. Total cost 38,839,861.76 57,837,865.42 38,254,912.13 60,661,421.33 Cash received from interests, fees and commissions 156,415.32 232,923.80 186,162.80 295,201.30 Including: Operating cost 36,406,931.01 54,214,898.83 35,032,382.37 55,551,404.73 Taxes and surcharges refunds 48,693.94 72,511.94 62,231.08 98,680.80 Interest expenses 1,655.53 2,465.31 2,834.61 4,494.88 Other cash receipts related to operating activities 716,555.40 1,067,048.98 723,598.87 1,147,422.24
Fees and commissions income 903.35 1,345.21 993.95 1,576.13 Total cash inflows from operating activities 42,057,010.44 62,628,639.75 40,651,008.89 64,460,949.98 Cash paid for goods and services 37,099,540.92 55,246,289.70 35,882,316.51 56,899,158.80 Business taxes and surcharges 555,021.49 826,502.90 1,199,472.19 1,902,022.09 Net increase in loans and advances 4,325.63 6,441.45 -11,338.64 -17,979.85 Selling expenses 551,135.49 820,716.11 530,217.04 840,773.57 Net increase in deposits with central banks and other nancial institutions 45,653.25 67,983.93 -38,894.96 -61,676.36 Administrative expenses 722,014.53 1,075,178.37 673,557.89 1,068,071.44 Cash paid for inrerest, fees and commissions 9,391.74 13,985.59 9,463.63 15,006.63 Including: research and development expenses 92,755.42 138,125.50 93,475.38 148,225.40 Taxes and surcharges cash payments 1,574,207.87 2,344,210.79 2,030,118.45 3,219,191.05 Finance expenses 420,175.67 625,699.03 456,896.35 724,507.79 Other cash payments related to operating activities 1,757,830.64 2,617,650.20 1,397,319.86 2,215,752.27
Including: Interest expenses 491,886.79 732,486.69 460,463.55 730,164.36 Total cash out ows from operating activities 40,490,950.05 60,296,561.66 39,268,984.85 62,269,452.54 Net cash flows from operating activities Interest income 57,819.47 86,101.10 59,790.45 94,810.67 1,566,060.39 2,332,078.09 1,382,024.04 2,191,497.44 2.Cash flows from investing activities Net loss on foreign exchange("-" for net gain) -40,843.62 -60,821.74 34,152.63 54,156.36 Cash received from withdraw of investments 3,899,141.99 5,806,355.62 2,970,629.11 4,710,573.72 Impairment on assets 172,641.41 257,086.67 185,985.53 294,920.21 Cash received from investment income 174,785.27 260,279.17 187,624.44 297,519.06 Other costs and expenses 9,383.28 13,972.99 172,572.20 273,650.48 Net cash received from disposal of fixed assets,intangible assets and other long-term assets 52,934.00 78,825.96 47,704.21 75,645.32 Add: Gains from fair-value changes("-" for loss) -24,341.87 -36,248.37 -124,989.60 -198,197.99 Net cash received from disposal of subsidiaries and other business units 681.59 1,014.98 15,121.79 23,978.87
Investment income("-" for loss) 79,819.82 118,862.63 837,792.62 1,328,501.06 Other cash receipts related to investing activities 64,639.87 96,257.61 6,351.87 10,072.26 Total cash inflows from investing activities Including:Investment income from associates and joint ventures 107,379.16 159,902.25 131,784.11 208,972.16 4,192,182.72 6,242,733.34 3,227,431.42 5,117,789.23 Cash paid for xed assets, intangible assets and other long-term assets 804,183.15 1,197,538.68 1,146,748.44 1,818,417.21 Gain on foreign exchange("-" for loss) 1,091.61 1,625.56 6,985.01 11,076.24 Cash payments for investments 4,325,927.86 6,441,898.14 2,754,254.66 4,367,465.33 3. Operating profit 766,211.68 1,140,993.97 530,296.17 840,899.05 Net cash paid for acquiring subsidiaries and other business units 216,001.10 321,655.18 - - Add: non-operating income 88,468.16 131,741.19 105,080.74 166,628.21 Other cash payments related to investing activities 47,396.68 70,580.14 898,886.86 1,425,379.16 Including:Gain from disposal of non-current assets 4,633.42 6,899.80 11,325.22 17,958.58 Total cash outflows from investing activities 5,393,508.79 8,031,672.14 4,799,889.96 7,611,261.70 Gain from debt restructuring 95.56 142.30 504.41 799.85 Net cash flows from investing activities -1,201,326.07 -1,788,938.80 -1,572,458.54 -2,493,472.47
Less: non-operating expenses 47,832.16 71,228.63 34,483.38 54,680.85 3.Cash flows from nancing activities Cash received from investments by others 912,095.50 1,358,234.93 662,860.34 1,051,108.17 Including: Loss on disposal of non-current assets 6,087.28 9,064.79 4,215.28 6,684.24 Including: cash received by subsidiaries from minority shareholders' investments 912,095.50 1,358,234.93 513,619.42 814,454.47 Loss on debt restructuring - - 689.55 1,093.43 Cash received from borrowings 30,151,377.92 44,899,524.85 27,958,160.08 44,333,698.18 4. Profit before tax 806,847.68 1,201,506.53 600,893.53 952,846.41 Other cash receipts related to other nancing activities 2,168.51 3,229.21 10,091.49 16,002.24 Less: income tax 329,079.81 490,044.84 295,899.15 469,211.98 Total cash inflows from nancing activities 31,065,641.93 46,260,988.99 28,631,111.91 45,400,808.59 5. Net profit 477,767.87 711,461.69 304,994.38 483,634.43 Cash repayments of debts 28,988,048.74 43,167,168.61 27,075,586.18 42,934,186.73
Net profit attributable to parent company 310,930.94 463,018.69 -34,637.05 -54,924.52 Cash payments for distribution of dividends or pro ts,pro t and interest expenses 844,991.07 1,258,307.25 820,321.41 1,300,796.68 Including: dividends or pro t paid by subsidiaries to minority shareholders 186,684.65 277,998.97 168,371.01 266,988.58 Profit/ loss attributable to minority share-holders 166,836.93 248,443.00 339,631.43 538,558.95 Other cash payments related to nancing activities 461,374.70 687,050.02 902,120.80 1,430,507.27 6. Other comprehensive income after tax -124,115.51 -184,824.97 -43,465.16 -68,923.39 Total cash outflows from nancing activities 30,294,414.51 45,112,525.88 28,798,028.39 45,665,490.68 7. Total comprehensive income 353,652.36 526,636.72 261,529.22 414,711.04 Net cash ows from nancing activities 771,227.42 1,148,463.11 -166,916.48 -264,682.09 Total comprehensive income attributable to parent company 248,913.89 370,666.82 -48,782.92 -77,355.85 4.E ect of foreign exchange rate changes on cash and cash equivalents 15,019.75 -218,408.82 33,243.71 -147,676.32 Total comprehensive income attributable to minority share-holders 104,738.47 155,969.90 310,312.14 492,066.89 5.Net increase in cash and cash equivalents 1,150,981.49 1,473,193.58 -324,107.27 -714,333.44 Add: beginning balance of cash and cash equivalents 1,889,603.92 2,909,948.14 2,213,711.19 3,624,281.58 6.Ending balance of cash and cash equivalents 3,040,585.41 4,383,141.72 1,889,603.92 2,909,948.14
72 73 2016 ANNUAL REPORT
NOTES TO THE FINANCIAL STATEMENTS
I. BASIS OF PREPARATION 7. ACCOUNTS RECEIVABLE Provisions were made to accounts of the Company and its subsidiaries for losses on bad The consolidated financial statements of Sinochem Group (the “Company”) include the and doubtful debts. Accounts receivable are stated at value net of provisions for bad and nancial statements of the Company and its subsidiaries which comprise 11 wholly-owned doubtful debts. and 2 non-wholly owned subsidiary companies. All signi cant inter-company transactions and balances have been eliminated on consolidation. 8. INVENTORIES II. STATEMENT OF COMPLIANCE WITH THE ACCOUNTING STANDARDS FOR Inventories, which mainly comprise of raw materials, work-in-progress and nished goods, BUSINESS ENTERPRISES are stated at cost when purchased, and valued at the lower of cost and net realizable value at the balance sheet date. The Company’s consolidated financial statements for the year ended December 31, 2016 truly and completely present the consolidated nancial position as of December 31, 2016 9. FIXED ASSETS AND DEPRECIATION and the consolidated nancial performance and consolidated cash ows for the year then Fixed assets are recorded at historical cost when acquired. Depreciation is calculated ended in compliance with the Accounting Standards for Business Enterprises. using the straight-line method over the respective estimated useful lives and estimated residual values of xed assets. III. SIGNIFICANT ACCOUNTING POLICIES
1. ACCOUNTING SYSTEM 10. LONG-TERM INVESTMENTS The Company adopts the Accounting Standards for Business Enterprises and other relevant The equity method is applied for long-term equity investments when an investor can regulations issued by the Ministry of Finance of the People’s Republic of China (“PRC”). control, jointly control or has signi cant in uence over the invested enterprise. Otherwise, Financial statements of overseas subsidiaries prepared on basis of the relevant local the investments are stated at cost. accounting standards have been adjusted accordingly. 11. REVENUE RECOGNITION 2. ACCOUNTING YEAR Revenue from the sale of goods is recognized when: The accounting year of the Company is from 1 January to 31 December of each calendar year. (1) the signi cant risks and rewards in relation to ownership of the goods have been transferred to the buyer; 3. REPORTING CURRENCY (2) the Company retains neither continuing management nor e ective control over the The reporting currency of domestic companies is the Renminbi (“Rmb”), and that of overseas goods sold; companies is their foreign currency. (3) it is probable that the economic bene ts associated with the transaction will ow to the Company; and 4. BASIS OF ACCOUNTING (4) the relevant amounts of revenue and costs can be measured reliably. Accounts have been prepared on an accrual basis. Assets are recorded at historical cost.
5. CURRENCY TRANSLATION IV. NOTES TO MATERIAL ITEMS Foreign currency (currency other than the reporting currency) transactions are translated into the reporting currency at the exchange rates prevailing on the transaction date. 1. TAXES Monetary assets and liabilities and accounts of overseas subsidiaries denominated in foreign Taxes were calculated at the rates applicable under the respective jurisdictions. currencies at the balance sheet date are translated into the reporting currency using the exchange rates at that date. 2. RELATED PARTY TRANSACTIONS
6. CASH EQUIVALENTS Related party transactions were carried out on terms approximating normal market conditions. Cash equivalents represent short-term, highly liquid investments which are readily convertible into known amounts of cash, and which are subject to an insignificant risk of changes in value.
74 75 2016 ANNUAL REPORT
DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS
SINOCHEM CORPORATION SINOCHEM-XINGZHONG OIL STAGING (ZHOUSHAN) CO., LTD. SINOCHEM ZHOUSHAN HAZARDOUS CHEMICALS EMERGENCY SINOCHEM OIL HUNAN CO., LTD. ADD: 11TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA RESCUE BASE CO., LTD. ADD: 1-2ND FLOOR, TIANXIN VENTURE BUILDING, NO.318 XINSHAO TRADECENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA TEL: 0086-580-2061899 ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA EAST ROAD, TIANXIN DISTRICT, CHANGSHA 410004, HUNAN, CHINA TEL: 0086-10-59568888 FAX: 0086-580-2027654 TEL: 0086-580-2061899 TEL: 0086-731-88738117 FAX: 0086-10-59568890 FAX: 0086-580-2027654 FAX: 0086-731-88735888 HTTP: // www.sinochem.com ZHOUSHAN ZHONGWEI OILSTORE CO., LTD. ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA SINOCHEM PETROLEUM FUJIAN CO. LTD. SINOCHEM OIL HUBEI CO., LTD. SINOCHEM PETRO LEUM EXPLORATION AND PRODU CTION CO., LTD. TEL: 0086-580-2061899 ADD: 26TH FLOOR, CONSTRUCTION BANK BUILDING, ADD: 3RD FLOOR, BUILDING 2, HANKOU INNOVATION CENTER, ADD: 8TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE FAX: 0086-580-2027654 NO.98 LUJIANG ROAD, XIAMEN 361001, FUJIAN, CHINA JIANGHAN ECONOMIC DEVELOPMENT ZONE, CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA TEL: 0086-592-8129158 JIANGHAN DISTRICT, WUHAN 430000, HUBEI, CHINA TEL: 0086-10-59568800 SINOCHEM SINOPEC SHANGHAI ORIENT PETRO CHEMICAL TERMINAL CO., LTD. FAX: 0086-592-8129199 TEL: 0086-27-85839617 FAX: 0086-10-59569564 ADD: NO.918 LINGHAI ROAD, WAIGAO BRIDGE, PUDONG NEW AREA, SHANGHAI 200137, CHINA SINOCHEM QUAN ZHOU PETRO CHEMICAL CO., LTD. TEL: 0086-21-58646702 SINOCHEM OIL GUANGDONG CO., LTD. SINOCHEM INTERNATIONAL OIL (TIANJIN) CO., LTD. ADD: QUANHUI PETROCHEMICAL DISTRICT, QUANZHOU 362103, FAX: 0086-21-58644051 ADD: 30TH FLOOR, NO.15 ZHUJIANG WEST ROAD, TIANHE DISTRICT, ADD: NO.7 LOGISTICS PARK ROAD, TANGGUANTUN, JINGHAI DISTRICT, FUJIAN, CHINA GUANGZHOU 510623, GUANGDONG, CHINA TIANJIN 301608, CHINA TEL: 0086-595-27570009 SINOCHEM NANTONG TERMINAL CO., LTD. TEL: 0086-20-85601000 TEL: 0086-22-23199346 FAX: 0086-595-27570567 ADD: NO.1 TONGSHENG SOUTH ROAD, NANTONG E&T DEVELOPMENT FAX: 0086-20-85608600 FAX: 0086-22-23199393 AREA, NANTONG 226017, JIANGSU, CHINA SINOCHEM OIL CO., LTD. TEL: 0086-513-85996915, 85996910 SINOCHEM OIL SHANGHAI CO., LTD. SINOCHEM OIL SHANDONG CO., LTD. ADD: 9TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE FAX: 0086-513-85996900 ADD: ROOM 652, 6TH FLOOR, TOWER C, NO.3, LANE 2889, JINKE ROAD, ADD: 18TH FLOOR, ZHONGYEDONGFANG BUILDING, NO.11 ALISHAN CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA TEL: 0086-10-59569575, 59569585 CHINA (SHANGHAI) PILOT FREE TRADE ZONE, SHANGHAI 201203, CHINA ROAD, QINGDAO E&T DEVELOPMENT ZONE, QINGDAO 266555, SINOCHEM YANG ZHOU PETRO CHEMICAL TERMINAL CO., LTD. FAX: 0086-10-59568180 TEL: 0086-21-31769299 SHANDONG, CHINA ADD: NO.1 ZHONGHUA ROAD, YANGZHOU CHEMICAL INDUSTRY PARK, HTTP: // www.sinochemoil.com FAX: 0086-21-31769199-Ext TEL: 0086-532-68056530 YIZHENG 211900, JIANGSU, CHINA FAX: 0086-532-68056519 TEL: 0086-514-89185050 SINOCHEM INDUSTRIES CO., LTD. SINOCHEM OIL JIANGSU CO., LTD. FAX: 0086-514-83299958 ADD: 9TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE ADD: 12TH FLOOR, XUKUANG BUSINESS CENTER, NO.66 HEXI STREET, SINOCHEM OIL SHANXI CO., LTD. CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA JIANYE DISTRICT, NANJING 210019, JIANGSU, CHINA ADD: 33TH FLOOR, INTERNATIONAL ENERGY CENTER, SINOCHEM ZHUHAI PETRO CHEMICAL TERMINAL CO., LTD. TEL: 0086-10-59569575, 59569585 TEL: 0086-25-84237908 NO.100 YINGZE WEST STREET, TAIYUAN 030024, SHANXI, CHINA ADD: NO.3 FENGYING NORTH ROAD, GAOLAN PORT ECONOMIC ZONE, FAX: 0086-10-59568180 FAX: 0086-25-83204797 TEL: 0086-351-6198506 ZHUHAI 519050, GUANGDONG, CHINA HTTP: // www.sinochemoil.com TEL: 0086-756-7228000 FAX: 0086-351-6198975 SINOCHEM OIL ZHEJIANG CO., LTD. SINOCHEM OIL MARKETING CO.,LTD. FAX: 0086-756-7228111 ADD: 4TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE ADD: 39TH FLOOR, WINNING TOWER, NO.100 MINXIN ROAD, QIANJIANG SINOCHEM OIL LIAONING CO., LTD. CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA SINOCHEM TIANJIN PORT PETRO CHEMICAL TERMINAL CO., LTD. CBD, JIANGGAN DISTRICT, HANGZHOU 310016, ZHEJIANG, CHINA ADD: 4TH FLOOR, HUABANGSHANGDU BLOCK, NO.478 ZHONGSHAN TEL: 0086-10-59569338 ADD: NO.3262 NANHANG ROAD, NANJIANG PORT, BINHAI NEW AREA, TEL: 0086-571-28161757 ROAD, SHAHEKOU DISTRICT, DALIAN 116021, LIAONING, CHINA FAX: 0086-10-59569334 TIANJIN 300452, CHINA FAX: 0086-571-28110080 TEL: 0086-411-84990705 TEL: 0086-22-25607018 FAX: 0086-411-84990466 FAX: 0086-22-25607017 WEST PACIFIC PETRO CHEMICAL COMPANY LTD. DA LIAN SINOCHEM OIL ANHUI CO., LTD. ADD: HAIQING ISLAND E& T DEVELOPMENT ZONE, DALIAN 116600, ADD: ROOM 1412-1421, TOWER A, BLUE BUSINESS PORT, NO.188 SOUTH SINOCHEM OIL JILIN CO., LTD. SINOCHEM ( ZHOUSHAN ) XINGHAI CONSTRUCTION CO., LTD. LIAONING, CHINA QIANSHAN ROAD, HEFEI 230031, ADD: 5TH FLOOR, NO.6451 ZIYOU ROAD, ERDAO DISTRICT, TEL: 0086-411-87506666 ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021, ANHUI, CHINA CHANGCHUN 130033, JILIN, CHINA FAX: 0086-411-87510033 ZHEJIANG, CHINA TEL: 0086-551-63712555 TEL: 0086-431-81929100 HTTP: // www.wepec.com TEL: 0086-580-2061792 FAX: 0086-551-63712558 FAX: 0086-431-81929122 FAX: 0086-580-2056984 SINOCHEM REPRESENTATIVE OFFICE IN DA LIAN WEST PACIFIC PETRO CHEMICAL CO., LTD. ZHOUSHAN NATIONA L OIL RESERVE BASE CO., LTD. SINOCHEM OIL JIANGXI CO., LTD. SINOCHEM OIL HEILONGJIANG CO., LTD. ADD: BUILDING 1, WEPEC, HAIQING ISLAND, E&T DEVELOPMENT ZONE, ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021, ADD: 26TH FLOOR, TOWER C, DINGFENG BUSINESS CENTER, ADD: 10TH FLOOR, EAST BUILDING, HUIZHI PLAZA, NO.399 QUNLI 4TH DALIAN 116600, LIAONING, CHINA ZHEJIANG, CHINA NO.1368 HONGGUZHONG ROAD, NANCHANG 330038, JIANGXI, CHINA AVENUE, DAOLI DISTRICT, HARBIN 150070, HEILONGJIANG, CHINA TEL: 0086-411-87514200 TEL: 0086-580-2310160 TEL: 0086-791-86719500 TEL: 0086-451-51901909 FAX: 0086-411-87514197 FAX: 0086-580-2310100 FAX: 0086-791-86669992 FAX: 0086-451-51901988
76 77 2016 ANNUAL REPORT
DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS
TOTAL-SINOCHEM OIL CO., LTD. SHENYANG RESEARCH INSTITUTE OF CHEMICAL ENGINEERING CO., LTD. SINOCHEM INTERNATIONAL CROPCARE CO., LTD. JIANGSU SINORG CHEM TECHNOLOGY CO., LTD. ADD: UNIT 1201A/1204, 12TH FLOOR, ADD: NO. 8, LIAODONG ROAD, TIEXI DISTRICT, SHENYANG 110021, ADD: ROOM 2506, JIN MAO TOWER, NO.88 CENTURY BOULEVARD, ADD: 39 WENFENG ROAD, YANG ZHOU CITY, JIANGSU PROVIN CE, CHINA THE ORIENTAL FINANCE PLAZA, NO.1168 CENTURY AVENUE, LIAONING, CHINA PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-514-87813243 SHANGHAI 200120, CHINA TEL: 0086-24-85869024 TEL: 0086-21-61048666 FAX: 0086-514-87814008 TEL: 0086-21-68885788 FAX: 0086-24-85869024 FAX: 0086-21-50477405 FAX: 0086-21-68885755 HTTP: // www.syrici-de.com NANTONG JIANGSHAN AGRO CHEMICAL & CHEMICALS CO., LTD. SAFE-TRANS PORT CHEMICAL LOGISTICS CO., LTD. ADD: NO.998 JIANGSHAN ROAD, NANTONG CITY ECONOMIC AND TOTAL-SINOCHEM FUELS CO., LTD. SHENYANG PESTICIDE CHEMICAL R&D CO., LTD. ADD: ROOM 2603, JIN MAO TOWER , NO.88 CENTURY BOULEVARD, TECHNOLOGICAL DEVE LOPMENT ZONE, CHINA ADD: ROOM 1201-1203, 12TH FLOOR, CHENGJIAN PLAZA, ADD: NO. 8-1 LIAODONG ROAD, TIEXI DISTRICT, SHENYANG 110021, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-513-83530931 NO.18 BEITAIPINGZHUANG ROAD, BEIJING 100088, CHINA LIAONING, CHINA TEL: 0086-21-61048703 FAX: 0086-513-83521807 TEL: 0086-10-82255525 TEL: 0086-24-85869265 FAX: 0086-21-50470051 FAX: 0086-10-82255518 FAX: 0086-24-85869137 SINOCHEM SHIPPING CO., LTD. SINOCHEM AGRO CO., LTD. BEIJING PETRO LEUM CHEMICAL PRODUCTS DEVELOPMENT & SUPPLY CO., LTD. SINOCHEM INTERNATIONAL CORP. ADD: ROOM 2601, JIN MAO TOWER , NO.88 CENTURY BOULEVARD, ADD: 17TH-19TH FLOORS, NO.33 HENAN ROAD (S), ADD: ROOM 902, TIANCHUANG TECHNOLOGY PLAZA, STOCK CODE: 600500.SH PUDONG NEW AREA, SHANGHAI 200121, CHINA SHANGHAI 200002, CHINA NO.8 CAIHEFANG ROAD, HAIDIAN DISTRICT, BEIJING 100080, CHINA ADD: NO.233 NORTH CHANGQING RD., PUDONG NEW AREA, TEL: 0086-21-61048666 TEL: 0086-21-63289888, 61381888 TEL: 0086-10-62698781 SHANGHAI 200126, CHINA FAX: 0086-21-50470166 FAX: 0086-21-63283968 FAX: 0086-10-62698923 TEL: 0086-21-31768000 E-MAIL: [email protected] XISHUANGBANNA SINOCHEM RUBBER CO., LTD. FAX: 0086-21-31769199 HTTP: // www.sinochemagro.com ADD: MENGHAN TOWN, JINGHONG, XISHUANGBANNA, YUNNAN, CHINA BEIJING JILI OIL PRODUCTS SERVICE CO., LTD. E-MAIL: [email protected] TEL: 0086-691-2420401 ADD: LANGFA VILLAGE, HUANG CUN COUNTY, DA XING DISTRICT, HTTP: // www.sinochemintl.com FAX: 0086-691-2420412 SHENGYANG SCIENCREAT CHEMICALS CO.,LTD. BEIJING 102613, CHINA ADD: XIHE JIU BEI STREET 17. SHENYANG ECONOMY AND TECHNOLOGY TEL: 0086-10-83702373 SINOCHEM INTERNATIONAL CORP. BEIJING BRANCH HAINAN SINOCHEM RUBBER CO., LTD. DEVE LOPMENT ZONE 110144, LIAONING, CHINA FAX: 0086-10-83702372 ADD: ROOM 1801, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, ADD: 3RD FLOOR, NANHUA TOWER , ZHONGXING BOULEVARD, TEL: 0086-24-25326706 BEIJING 100045, CHINA NADA, DAN ZHOU, HAINAN, CHINA FAX: 0086-24-25326815 HAINAN PACIFIC OIL CO., LTD. TEL: 0086-10-59368790 TEL: 0086-898-23339201 ADD: NO.47, 7 LANE, SHANGPIN STREET, SANYA 572000, FAX: 0086-10-59368569 FAX: 0086-898-23339200 HAINAN, CHINA SINOCHEM LANTIAN CO., LTD. TEL: 0086-898-38880307 SINOCHEM INTERNATIONAL CORP. GUANGDONG BRANCH ADD: NO.96 JIANGNAN AVENUE , BINGJIANG DISTRICT, SINORG CHEM TECHNOLOGY CO., LTD. FAX: 0086-898-38880332 ADD: 12TH, YING XIN BUILDING, 28 HUA XIA ROAD , ZHUJIANGXINCHENG HANGZHOU 310051, ZHEJIANG, CHINA ADD: 7F, NORTH CHANGQING RD., PUDONG NEW AREA, TIANHE DISTRICT, GUANG ZHOU 510623, GUANGDONG, CHINA TEL: 0086-571-85216718 SHANGHAI 200126, CHINA SINOCHEM REFINED OIL COMMERCE CO.LTD TEL: 0086-20-85608200 FAX: 0086-571-85215306 TEL: 0086-21-50619988 ADD: 8TH FLOOR, NO.1 FENGHAI ROAD, FENGZE DISTRICT, FAX: 0086-20-85608210 E-MAIL: [email protected] FAX: 0086-21-50117200 QUANZHOU 362011, FUJIAN, CHINA HTTP: // www.sinochemlt.com TEL: 0086-595-29380181 SINOCHEM INTERNATIONAL CORP. TIANJIN BRANCH SHANDONG SINORG CHEM TECHNOLOGY CO., LTD. FAX: 0086-595-28390100 ADD: RM.1103, 105 JIANSHE RD., HEPING DISTRICT, ADD: NO.1 INDUSTRY ROAD, NEW MATERIALS INDUSTRIAL PARK, ZHEJIANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY , LTD. TIANJIN 300042, CHINA CAO COUNTY 274400, SHANDONG, CHINA ADD: NO.387 TIANMUSHAN RD., HANGZHOU 310023, SINOCHEM LIAONING CO., LTD. TEL: 0086-22-58909759 TEL: 0086-530-3518666 ZHEJIANG, CHINA ADD: 32-33TH FLOOR HONGYUAN BUILDING, NO.23 RENMIN ROAD, FAX: 0086-22-58909764 FAX: 0086-530-3518777 TEL: 0086-571-85226855 ZHONGSHAN DISTRICT, DALIAN 116001, LIAONING, CHINA FAX: 0086-571-85229858 TEL: 0086-411-82821888, 82820643 SINOCHEM INTERNATIONAL CORP. FUJIAN BRANCH TAIAN SINORG CHEM TECHNOLOGY CO., LTD. E-MAIL: [email protected] FAX: 0086-411-82820646 ADD: RM.405, BUILDING D, EAST PART of LEAD SHOW HEAVEN AND ADD: HUANGFENG TWONSHIP, NINGYANG COUNTY 271413, HTTP: // www.zciri.com E-MAIL: [email protected] EARTH SQUARE, QUAN XIU ROAD, FENGZE DISTRICT, SHANDONG CHINA WEB: www.sinochemliaoning.com QUAN ZHOU 362000, FUJIAN, CHINA TEL: 0086-538-5866168 ZHEJIANG LANTIAN ENVIRONMENTA L PROTE CTION HI-TECH CO., LTD. TEL: 0086-595-22563031 FAX: 0086-538-5866188 SHENYANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY CO., LTD. FAX: 0086-595-22503310 ADD: NO.27 5 AVENUE , HANGZHOU ECONOMIC ADD: NO.8 SHENLIAODONG ROAD, SHENYANG 110021, ANHUI SINORG CHEM TECHNOLOGY CO., LTD. & TECHNOLOGICAL DEVE LOPMENT AREA 310051, LIAONING, CHINA SHANGHAI DEHUAN PROPERTIES LIMITED ADD: NO.1111 CUIHU LAKE ROAD, RECYCLING ECONOMY PARK, ZHEJIANG, CHINA TEL: 0086-24-85869252 ADD: 3RDFLOOR, 567 GUOZHAN ROAD, PUDONG NEW AREA, TONGLING 244100, ANHUI, CHINA TEL: 0086-571-86936151 FAX: 0086-24-25873080 SHANGHAI 200045, CHINA TEL: 0086-562-8832872 FAX: 0086-571-86917606 HTTP: // www.syrici.com.cn TEL: 0086-21-58388155 FAX: 0086-562-8832918 E-MAIL: [email protected]
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DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS
ZHEJIANG HETIAN CHEMICAL CO., LTD. SINOCHEM MODERN ENVIRONMENTAL PROTECTION SINOCHEM PLASTICS CO., LTD. QINGDAO BRANCH SINOCHEM JIANGSU CO., LTD. ADD: NO.926 XIXI RD., HANGZHOU 310023, ZHEJIANG, CHINA CHEMICALS ( XI’AN ) CO., LTD. ADD: RM.1507, BUILDING 15, NORTH BUILDING, GOLDEN PLAZA No.20 ADD: FLOORS 21, JINCHENG TOWER, NO.216 MIDDLE LONGPAN ROAD , TEL: 0086-571-85222738 ADD: JINGHE INDUSTRIAL AREA, XI'AN ECONOMIC & TECHNICAL XIANGGANG ROAD, QINGDAO 266077, SHANDONG, CHINA NANJING 210002, JIANGSU, CHINA FAX: 0086-571-85221760 DEVE LOPMENT ZONE, XI'AN 710201, SHAANXI, CHINA TEL: 0086-532-85022102 TEL: 0086-25-51817890 E-MAIL: [email protected] TEL: 0086-29-86033368 FAX: 0086-532-85021595 FAX: 0086-25-51817799 HTTP: // www.ht-chem.com FAX: 0086-29-86030181 E-MAIL: [email protected] E-MAIL: [email protected] E-MAIL: [email protected] HTTP: // www.sinochemplastics.com HTTP: // www.sinochemjiangsu.com HTT P: // www.jincool.com SINOCHEM FERTI LIZER CO., LTD. ZHEJIANG TITAN DESIGN & ENGINEERING CO., LTD. SINOCHEM PLASTICS CO., LTD. TIANJIN BRANCH ADD: 10TH FLOOR, CENTRA L TOWER , CHEMSUNNY WORLD TRADE ADD: NO.2 WULIN LANE MOGANSHAN RD., HANGZHOU 310012, SINOCHEM PLASTICS CO., LTD. ADD: 58 NANJNG ROAD, CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA ZHEJIANG, CHINA ADD: 7TH, SINOCHEM TOWER , A2 FUXINGMENWAI STREET , TIANJIN 300042, CHINA TEL: 0086-10-59569601, 59569702 TEL: 0086-571-88362930 XICHENG DISTRICT, BEIJING 100045, CHINA TEL: 0086-22-23146216, 23146392 TEL: 0086-10-59368520 FAX: 0086-10-59569627 FAX: 0086-571-88362900 Fax: 0086-22-23146215 FAX: 0086-10-59368578, 59368561 HTTP: // www.sinofert.com E-MAIL: [email protected] E-MAIL: [email protected] E-MAIL: [email protected] HTTP: // www.zpcdi.com HTTP: // www.sinochemplastics.com HTTP: // www.sinochemplastics.com SINOCHEM CHONGQING FULING CHEMICALS CO., LTD. ADD: No. 2 LIMING ROAD, FULING DISTRICT, ZHEJIANG INT’L GROUP CO., LTD. SINOCHEM GUANGDONG CO., LTD. SINOCHEM PLASTICS CO., LTD. SHANGHAI BRANCH CHONGQING 408000, CHINA ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, ADD: 13TH, NO.28, HUA XIA ROAD , TIANHE DISTRICT, TEL: 0086-23-72884093 ADD: 29TH, LUJIAZUI BUSINESS PLAZA, NO. 1600 CENTURY HANGZHOU 310051, ZHEJIANG, CHINA GUANG ZHOU510623, GUANGDONG , CHINA FAX: 0086-23-72884100 BOULEVARD, PUDONG NEW AREA, SHANGHAI 200122, CHINA TEL: 0086-571-85068752 TEL: 0086-20-38686368 HTTP: // www.sinochem-zhfl.com TEL: 0086-21-50812631 FAX: 0086-571-85068752 FAX: 0086-20-38686315 FAX: 0086-21-50816335, 50815825 E-MAIL: [email protected] E-MAIL: [email protected] SINOCHEM SHANDONG FERTI LIZERS CO., LTD. E-MAIL: [email protected] HTTP: // www.intmedic.com HTTP:// www.sinochem-guangdong.com ADD: NO. 61, HANGZHOU ROAD, ECONOMIC AND TECHNOLOGICAL HTTP: // www.sinochemplastics.com DEVELOPMENT ZONE, LINYI 276024, SHANDONG, CHINA ZHEJIANG INT' L MEDICINE CO., LTD. TEL: 0086-539-6016138 SINOCHEM PLASTICS CO., LTD. SHENZHEN BRANCH SINOCHEM TIANJIN CO., LTD. ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, FAX: 0086-539-6016555 ADD: RM.2502, GANLAN PLAZA, CAITAIN ROAD , ADD: NO.58 NANJING ROAD, HEXI DISTRICT, HANGZHOU 310051, ZHEJIANG, CHINA HTTP: // www.sinochemsdfy.com FUTIAN DISTRICT, SHENZHEN 518035, GUANGDONG, CHINA TIANJIN 300042, CHINA TEL: 0086-571-85063052 TEL: 0086-755-83551893 TEL: 0086-22-23146216, 23146392 FAX: 0086-571-85057018 HUBEI SINOCHEM ORIENT FERTI LIZER CO., LTD. FAX: 0086-755-83551982 FAX: 0086-22-23146215 ADD: 9 RAILWAY STATION ROAD WULONGQUAN STREET , E-MAIL: [email protected] E-MAIL: [email protected] E-MAIL: [email protected] JIANGXIA DISTRICT, WUHAN 430213, HUBEI, CHINA HTTP: // www.intmedic.com HTTP: // www.sinochemplastics.com HTTP: // www.sinochemtianjin.com TEL: 0086-27-58908512 FAX: 0086-27-58908510 ZHEJIANG HUALONG INDUSTRIAL GROUP CO., LTD. SINOCHEM PLASTICS CO., LTD. JIANGSU BRANCH SINOCHEM HEBEI CO., LTD. HTTP: // www.sinochem-zhdf.com ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, ADD: 19TH, JINCHENG TOWER , 216 LONGPAN MIDDLE ROAD , ADD: NO.707 LIANMENG ROAD, SHIJIAZHUANG 050061, HANGZHOU 310051, ZHEJIANG, CHINA BAIXIA DISTRICT, NANJING 210002, NANJING, CHINA HEBEI, CHINA FUJIAN SINOCHEM ZHISHENG FERTI LIZER CO., LTD. TEL: 0086-571-87011929 TEL: 0086-25-51817777 TEL: 0086-311-85028888 ADD: NO.188 BANWEI, YONGAN 366013, FAX: 0086-571-87033623 FAX: 0086-25-51817788 FAX: 0086-311-85028899 FUJIAN, CHINA E-MAIL: [email protected] E-MAIL: [email protected] E-MAIL: [email protected] TEL: 0086-598-3699383 HTTP: // www.sinochemplastics.com HTTP: // www.sinochemhebei.com FAX: 0086-598-3636543 SINOCHEM TAICANG CHEMICAL INDUSTRIAL PARK HTTP: // www.sinochem-zs.com ADD: NO.18 SOUTH BINJIANG RD., PETRO CHEMICAL INDUSTRIAL SINOCHEM PLASTICS Co., LTD. CHENGDU BRANCH SINOCHEM QINGDAO CO., LTD. SECTION, TAI CANG PORT DEVE LOPMENT ZONE, TAI CANG 215433, ADD: RM. 907, Unit 1, BUILDING 8, NO. 1700, TIANFUDADAO , ADD: THE NORTH BUILDING, GOLDEN PLAZA, 20 XIANGGANGZHONG YUNNAN THREE CIRCLES-SINOCHEM FERTI LIZERS CO., LTD. JIANGSU, CHINA GAO XIN DISTRICT, CHENGDU 610041, SICHUAN, CHINA ROAD, QINGDAO 266071, SHANDONG, CHINA ADD: HAIKOU COUNTY, XISHAN DISTRICT, KUNMING 650113, TEL: 0086-512-53713100 TEL: 0086-28-85266758 TEL: 0086-532-55736222, 55736990 YUNNAN, CHINA FAX: 0086-512-53713199 FAX: 0086-28-85266756 FAX: 0086-532-55736555 TEL: 0086-871-8596930 E-MAIL: [email protected] E-MAIL: [email protected] E-MAIL: [email protected] FAX: 0086-871-8596927 HTTP: // www.sinochemtc.com HTTP: // www.sinochemplastics.com HTTP: // www.sinochemqingdao.com HTTP: // www.yntcsc.com
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DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS
SINOCHEM ( YANTAI ) CRO PNUTRITION CO., LTD. CHINA NATIONAL SEED GROUP CO., LTD., HENAN BRANCH CHINA SEED INTERNATIONAL CO., LTD. SICHUAN YIBIN YIZITOU SEED CO., LTD. ADD: NO. 19, HONGFU STREET, FUSHAN DISTRICT, ADD: NO.1401, FLOOR 14, UNIT 1, BUILDING 9, NO.6, CUIZHU ADD: 7/F, TOWER F, PHOENIX PLACE 5A, SHUGUANG XILI, ADD: 2TH, COMPLEX OFFICE BULIDING, YIBIN INSTITUTE OF AGRI YANTAI 265500, SHANDONG, CHINA STREET, HIGH-NEW DISTRICT, ZHENGZHOU 450001, HENAN, CHINA CHAOYANG DISTRICT, BEIJING 100028, CHINA CULTURAL SCIENCE, TIANCHIBA, XIJIAO, YIBIN 64460, SICHUAN, CHINA TEL: 0086-535-6633090 TEL: 0086-371-55638026 TEL: 0086-10-57350800 TEL: 0086-831-6255698 FAX: 0086-371-55638026 FAX: 0086-535-6630882 FAX: 0086-10-57350789 FAX: 0086-831-6255698 HTTP: // www.cndkseeds.com HTTP: // www.sinochem-zhyt.com CHINA NATIONAL SEED GROUP CO., LTD., SANYA BRANCH HENAN CHINASEED-LIANFENG SEED CO., LTD. ADD: ROOM 16C BIHAILANTIANHAIYUEGE, NO. 90 SANYAWAN ROAD , CHINA NATIONAL SEED GROU P CO., LTD, YUNNAN SEED COMPANY LTD. ADD: WEST OF RENMIN ROAD, WEISHI 475000, SINOCHEM JILIN CHANGSHAN CHEMICALS CO., LTD. SANYA 572000, HAINAN, CHINA ADD: SHILIN YI AUTONOMOUS COUNTY ECO-INDUSTRIAL ZONE, HENAN, CHINA ADD: CHANGSHAN, QIANGUO COUNTY , SONGYUAN 131109, TEL: 0086-898-88298568 KUNMING 652200, YUNNAN, CHINA TEL: 0086-371-27993403 JILIN, CHINA FAX: 0086-898-88898678 TEL: 0086-871-67786936 FAX: 0086-371-27993403 TEL: 0086-438-5197017 FAX: 0086-871-67786936 FAX: 0086-438-5196248 CHINA NATIONAL SEED GROUP CO., LTD., JIANGXI BRANCH CHINA SEED HYBRID WHEAT SEED ( BEIJING ) CO.,LTD. HTTP: // www.sinochemjlcs.com ADD: 9F, COMPREHENSIVE BULIDING, JIANGXI ACADEMYO F SCIENCES, GOLDEN RICE SEEDS CO., LTD. OF GUANGDONG ADD: ROOM 301, UNIT 1, 3-4 FLOOR, BUILDING 6 XISHAN CREATIVE NO.382, SHANGFANGROAD, NANCHANG 330029, JIANGXI, CHINA ADD: GUANGDONG ACADEMY OF AGRICULTURAL SCIENCES IN RICE PARK, HAIDIAN DISTRICT, BEIJING 100195, CHINA SINOCHEM YUNLONG CO., LTD. TEL: 0086-791-86374997 RESEARCH INSTITUTE, WUSHAN ROAD, TIANHE DISTRICT, TEL: 0086-10-88855051 ADD: JINSUO INDUSTRIAL PARK, KUNMING 655204, FAX: 0086-791-86374997 GUANG ZHOU 510640, GUANGDONG, CHINA FAX: 0086-10-88855051-803 YUNNAN, CHINA TEL: 0086-20-87596284 CHINA NATIONAL SEED GROUP CO., LTD. HUBEI BRANCH TEL: 0086-871-62731168 FAX: 0086-20-87587739 CHINA SEED LIFE SCIENCE AND TECHNOLOGY CENTER ADD: ROOM 310-316, REGION E, AO XIN COLLEGE, LUOSHINAN ROAD , FAX: 0086-871-62731598 HTTP: // www.goldenrice.com.cn ADD: BUILDING C2-4, WUHAN NATIONA L BIOLOGY PRO PERTY BASE HONGSHAN DISTRICT, WUHAN 430070, HUBEI, CHINA HTTP: // www.sinochemzhyl.com ( JIUFENG INNOVATION ) R&D AREA, NO.888GAO XIN AVENUE , TEL: 0086-27-87207338 CHINA NATIONAL SEED GROUP CO., LTD, FUJIAN NONGJIA SEED CORP., LTD. DONGHU DEVE LOPMENT ZONE, WUHAN 430075, HUBEI, CHINA FAX: 0086-27-87207398 ADD: FUZHOU MINHOU ZONE, NO. 22 SHIJING ROAD, JINGXI TEL: 0086-27-87980501 CHINA NATIONAL SEED GROUP CO., LTD. TECHNOLOGICAL DEVELOPMENT ZONE. MINHOU COUNTY, FAX: 0086-27-87980510 ADD: 15/F, SINO CHEM TOWER , A2 FUXINGMENWAI STREET , CHINA SEED GROUP CO., LTD. SOUTHWEST BRANCH FUZHOU 350100, FUJIAN, CHINA BEIJING 100045, CHINA ADD: UNIT 1, 4TH FLOOR BUILDING 1 D2, NO. 1666 CHENGLONG TEL: 0086-591-22070201 HUALE SEEDS COMPANY LTD. TEL: 0086-10-59369999 ROAD SECOND PART, CHENGDU ECONOMIC AND TECHNOLOGICAL FAX: 0086-591-22070182 ADD: 33003, NO.3, SHUANG QING ROAD, HAIDIAN DISTRICT, FAX: 0086-10-59369998 DEVELOPMENT ZONE 610100, SICHUAN, CHINA BEIJING 100085, CHINA HTTP: // www.chinaseeds.com.cn TEL: 0086-28-68385578 CHINA NATIONAL SEED GROU P CO., LTD, TEL: 0086-10-62912968 FAX: 0086-28-68385583 MIANYANG SEED COMPANY LTD. FAX: 0086-10-62912663 CHINA NATIONAL SEED GROUP CO., LTD., ZHANGYE BRANCH ADD: NO.1 ROAD, SONGYA CITY, MIANYANG 621023, SICHUAN, CHINA CHINA SEED GROUP CO., LTD., JIANGSU BRANCH ADD: SECTION 2, NORTHEAST INDUSTRIAL PARK, TEL: 0086-816-2230913 BEIJING SHINING INVESTMENT MANAGEMENT COMPANY LTD. ADD: ROOM 406/407, BUILDING 1, NANJING AGRICULTURAL ZHANGYE 734000, GANSU, CHINA FAX: 0086-816-2222521 ADD: 9TH FLOOR, BLOCK D, NO. 87 XISANHUANBEI ROAD, INTERNATIONAL BIOLOGICAL HIGH-TECH BUSINESS CENTER, NO. 4 WEITONG ROAD, TEL: 0086-936-8436128 FINANCIAL CENTER, HAIDIAN DISTRICT, BEIJING 100089, CHINA XUANWU DISTRICT, NANJING 210095, JIANGSU, CHINA FAX: 0086-936-8436116 HUNAN DONGTING HI-TECH SEED CO., LTD. TEL: 0086-10-56765900 TEL: 0086-25-85693295 ADD: HUABAN QIAO ROAD NO.542 YUEYANG 414000, HUNAN, CHINA FAX: 0086-10-56765900 FAX: 0086-25-85693295 CHINA NATIONAL SEED GROUP CO., LTD. SHANDONG MARKETING TEL: 0086-730-8626622 FAX: 0086-730-8613270 BEIJING SHINING INVESTMENT MANAGEMENT COMPANY LTD. AND SERVICE BRANCH CHINA SEED SCIENCE INNOVATION AND SERVICE CO., LTD. ADD: 9TH, TOWER D, IFEC, NO.87 WEST THIRD RING NORTH ROAD, ADD: NO.11 SANGYUAN ROAD, LICHENG DISTRICT, JINAN 250100, ADD: NO. 3 BIOLOGICAL GARDEN ROAD, NO. 888 HIGH-TECH SICHUAN CHUAN ZHONG SEEDS CO., LTD. HAIDIAN DISTRICT, BEIJING 100089, CHINA SHANGDONG, CHINA BIOLOGICAL AVENUE, WUHAN EAST LAKE DEVELOPMENT ZONE ADD: NO.6 HUAN ZHAN ROAD, YUTANG TOWN, LONGMATAN TEL: 8610-56765900 TEL: 0086-531-88963462 430075, HUBEI, CHINA DISTRICT, LUZHOU 646100, SICHUAN, CHINA FAX: 8610-56765900 FAX: 0086-531-88963462 TEL: 0086-27-87980501 FAX: 0086-27-87980510 TEL: 0086-830-2666160 HTTP: // www. chinaseeds-lstc.com FAX: 0086-830-2666158 SINOCHEM AGRICULTURE HOLDINGS CHINA NATIONAL SEED GROUP CO., LTD., CHENGDE BRANCH ADD: ROOM 818 CENTRAL TOWER, CHEMSUNNY WORLD TRADE ADD: 5TH FLOOR, HANMING BUILDING, NO. 77 WULIE ROAD, CHINA SEED GROUP CO., LTD. ZHUOZHOU TEST DEVELOPMENT CENTER HUBEI WULIN SEED CORP., LTD. CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA SHUANGQIAO DISTRICT, CHENGDE 067000, HEBEI, CHINA ADD: NO. 6 RUNZE STREET, ZHUOZHOU CITY DEVELOPMENT ZONE, ADD: NO.126 ROAD, XUEYUAN, ENSHI 445000, HUBEI, CHINA TEL: 0086-10-59567900 TEL: 0086-314-2525660 072750, HEBEI, CHINA TEL: 0086-718-8431092 FAX: 0086-10-59567901 FAX: 0086-314-2525661 TEL: 0086-312-6672086 FAX: 0086-718-8431092 E-MAIL: [email protected]
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DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS
CHINA GREEN FOOD CORPORATION JINMAO ( SHANGHAI ) DEVE LOPMENT CO., LTD. FRANSHION PRO PERTIES ( HANGZHOU ) CO., LTD. SINOCHEM FINANCE CO., LTD. ADD: ROOM 818 CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, ADD: 23RD FLOOR, BAUER CENTER, NO. 355 GUANGZHONG WEST ADD: 7TH, YINTAID BUILDING, 380 FENGTAN ROAD, GONGSHU ADD: 3TH FLOOR, CENTRA L TOWER, CHEMSUNNY WORLD TRADE 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA ROAD, JING'AN DISTRICT, SHANGHA 200072, CHINA DISTRICT, HANGZHOU 310000, ZHEJIANG, CHINA CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA TEL: 0086-59567900 TEL: 0086-21-26015558-8600 TEL: 0086-571-86419900 TEL: 0086-10-59569332 FAX: 0086-59567901 FAX: 0086-21-26015557 FAX: 0086-571-86419901 FAX: 0086-10-59568943 E-MAIL: [email protected] HTTP: // www.sinochem nance.com QINGDAO LANHAI NEW HARBOUR CITY PRO PERTIES LTD. BEIJING EASTERN GARDEN INTERNATIONA L CONVENTION CENTER CHINA JINMAO GROUP CO., LTD. ADD: 3RD FLOOR, DONGHAI SHIJIA, NO. 41 DONGHAI WEST ROAD, ADD: NO.5 ZUODI RD., BEIXIAOYING TOWN , SHUNYI DISTRICT, SINOCHEM INSURANCE BROKERS CO., LTD. ADD: 8TH, JIN MAO TOWER , NO.88 SHIJI DADAO, PUDONG NEW AREA, SOUTH DISTRICT, QINGDAO 266000, SHANDONG, CHINA BEIJING 101300, CHINA SHANGHAI 200121, CHINA ADD: 301-302, 3TH FLOOR, CENTRA L TOWER, CHEMSUNNY WORLD TEL: 0086-532-82996900 TE L: 0086-10-60485588 TEL: 0086-21-50476688 TRADE CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA FAX: 0086-532-82996900 FAX: 0086-10-60486712 FAX: 0086-21-50470088 TEL: 0086-10-59568326 HTTP: // www.jinmao88.com HTTP: // www.bjegicc .com FAX: 0086-10-59569757 FRANSHION PRO PERTIES ( SUZHOU ) CO., LTD.
BEIJING CHEMSUNNY PROPERTY CO., LTD. ADD: 26TH, COASTAL INTERNATIONAL CENTER, 1296 GANJIANG ROAD NANJING XINGTUO INVESTMENT COMPANY LIMITIED MANU LIFE-SINOCHEM LIFE INSURANCE CO., LTD. WEST JINCHANG DISTRICT, SUZHOU 215004, JIANGSU, CHINA ADD: SECOND FLOOR, BLOCK 8, ADVANCED BUSINESS PORT, NO. 70 ADD: 22TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, ADD: 6TH, JIN MAO TOWER , NO.88 CENTURY BOULEVARD, BEIJING 100031, CHINA TEL: 0086-512-65700186 PHOENIX ROAD, JIANGNING DISTRICT, NANJING 211000, JIANGSU, CHINA PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-10-59369900 FAX: 0086-512-65700160 TEL: 0086-25-68725099 TEL: 0086-21-50492288 FAX: 0086-10-59369901 FAX: 0086-25-68725100 FAX: 0086-21-50491110 CHONGQING XINGTUO REAL ESTATE CO., LTD. HTTP: // www.manulife-sinochem.com JINMAO ( LIJIANG ) PROPERTY CO., LTD. ADD: 21TH, BLDG5, NEO-CHINA TOP CITY, JIULONGPO DISTRICT, INTERNATIONAL FAR EASTERN LEASING CO., LTD. ADD: NORTH OF XIANG JIANG ROAD , GUCHENG AREA, CHONGQING 400039, CHINA ADD: 32TH, 33TH, 35TH, 36TH ,40TH FLOOR, JIN MAO TOWER , NO.88 LIJIANG 674100, YUNNAN, CHINA SINOCHEM INTERNATIONA L TENDERING CO., LTD. TEL: 0086-23-65938882 CENTURY AVENUE , PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-888-8886999 ADD: 21TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, FAX: 0086-23-65938882 TEL: 0086-21-50490099 FAX: 0086-888-8893377 BEIJING 100045, CHINA FAX: 0086-21-50490066 TEL: 0086-10-59368001 SHANGHAI JINMAO CONSTRUCTION&DECORATION CO., LTD. HTTP: // www.fehorizon.com SHANGHAI INTERNATIONA L SHIPPING SERVI CE CENTER FAX: 0086-10-59369738 ADD: 506-510 GREEN CENTER EAST BUILDING, NO. 596 LONGHUA DEVE LOPMENT CO., LTD. E-MAIL: [email protected] ROAD, XUHUI DISTRICT, SHANGHAI 200032, CHINA FAR EAST HORIZON ( TIANJIN ) FINANCIAL LEASING CO., LTD. ADD: NO.100 YANGSHUPU ROAD, HONGKOU DISTRICT, HTTP: // www.sinochemitc.com SHANGHAI 200082, CHINA TEL: 0086-21-64731010 ADD: NO. 01, FLOOR 34, XINYIN BUILDING, YOUYI ROAD TE L: 0086-21-65853570 FAX: 0086-21-50473978 HEXIDISTRICT300457, TIANJIN, CHINA SINOCHEM INTERNATIONAL TENDERING CO.,LTD. SHANGHAI BRANCH FAX: 0086-21-65853571 TEL: 0086-22-66372580 ADD:2TH, BUILDING2, LUJIAZUI PLAZA, 1600 CENTURY AVENUE, FRANSHION PROPERTIES ( NINGBO ) CO., LTD. FAX: 0086-22-66372595 PUDONG XINQU, SHANGHAI 200122, CHINA SINOCHEM FRANSHION REAL ESTATE ( BEIJING ) CO., LTD. ADD: 18F VENTURE TOWER, 16TH BUZHENG LANE, HAI SHU DISTRICT TEL: 0086-21-68758007 ADD: 10F, BLOCK D, YE QING BUILDING, 9 WANG JING NORTHERN NINGBO 315000, ZHEJIANG, CHINA CHINA FOREIGN ECONOMY AND TRADE TRUST CO., LTD. FAX: 0086-21-68757977 ROAD, CHAOYANG DISTRICT, BEIJING 100102, CHINA TEL: 0086-574-55871111 ADD: 6TH, CENTRA L TOWER , CHEMSUNNY WORLD TRADE CENTER, 28 TEL: 0086-10-57681515 FAX: 0086-574-55871111 FUXINGMENNEI STREET, BEIJING 100031, CHINA SINOCHEM ENEGY-SAVING AND ENVIONMENTAL PROTE FAX: 0086-10-57681500 TEL: 0086-10-59568808 NANJING INTERNATIONAL GROUP CO., LTD. FAX: 0086-10-59568906 CTION HOLDING ( BEIJING ) CO., LTD. JIN MAO INVESTMENT ( CHANGSHA ) CO., LTD. ADD: 22F SOUTH TOWER, NIC 201ZHONGYANG ROAD, E-MAIL: [email protected] ADD: 21TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, ADD: 3F, WUQIANG BUILDING, NO.2 LUTIAN RD, CHANGSHA NATIONAL NANJING 210009, JIANGSU, CHINA HTTP: // www.fotic.com.cn BEIJING 100045, CHINA HI-TECH PACK, CHANGSHA 410205, HUNAN, CHINA TEL: 0086-25-83271600 TEL: 0086-10-59368001 TEL: 0086-731-89806600 FAX: 0086-25-83271616 LION FUND MANAGEMENT CO., LTD. FAX: 0086-10-59368201 FAX: 0086-731-89806608 ADD: FLOORS 19-20, INDUSTRIAL BANK TOWER, NO.4013 SHENNAN SINOCHEM ASSET MANAGEMENT CO. SINOCHEM JINMAO PRO PERTY MANAGEMENT ( BEIJING ) CO., LTD. GUANG ZHOU XINGTUO PRO PERTY CO., LTD. ROAD, SHENZHEN 518048, GUANGDONG, CHINA ADD: RM.1701, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, ADD: ROOM 215, SINOCHEM TOWER, NO.A2 FUXINGMENWAI AVE, ADD: 12A F, JINRONG BUILDING, NO. 171 HAIBIN ROAD, NANSHA TEL: 0086-755-83026688 BEIJING 100045, CHINA DISTRICT, GUANGZHOU 511458, GUANGDONG, CHINA FAX: 0086-755-83026677 BEIJING 100045, CHINA TEL: 0086-10-59368160 TEL: 0086-20-39037100 E-MAIL: [email protected] TEL: 0086-10-59369365 FAX: 0086-10-59368189 FAX: 0086-20-39037106 HTTP: // www.lionfund.com.cn FAX: 0086-10-59369888
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DIRECTORY OF OVERSEAS INSTITUTIONS DIRECTORY OF OVERSEAS INSTITUTIONS
SINOCHEM HONG KONG ( GROUP ) CO., LTD. EMERALD ENERGY PLC. SINOCHEM INTERNATIONAL PETRO LEUM ( BAHAMAS ) CO., LTD. SINOCHEM CORPORATION REPARESENTATIVE OFFICE IN UZBEKISTAN ADD: ROOM 4611, 46/F OFFICE TOWER, CONVENTION PLAZA, ADD: 17TH FLOOR, NEW ZEALAND HOUSE, 80 HAYMAR KET , ADD: P.O.BOX N-3029, EAST BAY STREET, NASSAU, BAHAMAS ADD: ABDURAUF FITRAT STREET, 1/2. TASHKENT, UZBEKISTAN. 1 HARBOUR ROAD, WAN CHAI, HONG KONG LONDON SW1Y4TE TEL: 0086-10-59568586 TEL: 00998-983109883 TEL: 00852-28240100 TEL: 0044-20-7925 2442 FAX: 0086-10-59569401 FAX: 00998-983109883 FAX: 00852-25879480 FAX: 0044-20-7930 9613 E-MAIL: [email protected] E-MAIL: [email protected]
SINOCHEM OIL ( THAILAND ) CO., LTD. SINOCHEM INTERNATIONA L ( OVERSEAS ) PTE. LTD. SINOCHEM ASIA HOLDINGS ( CO. ) LTD. ADD: UNIT 6, 16TH FLOOR, CRC TOWER, ALL SEASONS PLACE, ADD: 8 MARINA VIEW, #34-03 ASIA SQUARE TOWER 1, SINGAPORE 018960 ADD: 9 TEMASE K BOULEVARD # 18-01/02/03, SUNTEC TOWER TWO, EMERALD ENERGY PLC. SUCURSAL COLOMBIA 87/2 WIRELESS ROAD, PHATUMWAN, BANGKOK 10330, THAILAND TEL: 0065-65385886 SINGAPORE 038989 ADD: CARRERA 9A, NO. 99- 02.OF. 603D EDIFICIO TEL: 0066-631892838 FAX: 0065-65389337 TEL: 0065- 63370110 CITIBANK BOGOTA, D. C., COLOMBIA E-MAIL: [email protected] FAX: 0065-63395615 TEL: 00571-6513500 FAX: 00571-651 3505 E-MAIL: [email protected] SINOCHEM OIL CO., LTD. REPRESENTATIVE OFFICE IN TAIWAN ADD: ROOM C, 29TH FLOOR, NO.7 SEC 5 XINYI RD, XINYI DISTRICT, SINOCHEM FARM CARE ( THAILAND ) CO., LTD. SINOCHEM EURO PEHOLDINGS PLC. TAIPEI CITY 11049, TAIWAN ADD: 11TH FLOOR RASA TOWER II 555 PHAHOLYOTHIN ROAD CHATU ADD: 17TH, NEW ZEALAND HOUSE, 80 HAYMAR KET LONDON TEL: 00886-2-81016069 CHAK BANGKOK 10900, THAILAND SINOCHEM PETRO LEO BRASI L LTDA SW1Y 4TE UNITED KINGDOM FAX: 00886-2-81016055 TEL: 0066-2-9371230-100 ADD: ROOM 1401, 14TH FLOOR, 228, PRAIA DE BOTAFOGO, TEL: 0044-20-79307060 FAX: 0066-2-9371235 BOTAFOGO, RIO DE JANEIRO, RJ–BRAZIL, CEP 22250-040 FAX: 0044-20 -79306611 E-MAIL: [email protected] TEL: 0055-21-3550-9250 E-MAIL: [email protected] SINOCHEM OIL CO., LTD. JAPAN REPRESENTATIVE OFFICE ADD: IMC BLDG. SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO-KU, SINOCHEM INDIA COMPANY PVT . LTD. TOKYO 105-0004, JAPAN ADD: UNIT 2B, 2ND FLOOR, M6 PLAZA, JASOLA DISTRICT CENTRE, SINOCHEM PETRO LEUM USA LP SINOCHEM AMERICAN HOLDINGS, INC. TEL: 0081-3-34347876 JASOLA, NEW DELHI-110025, DELHI, INDIA ADD: 2000 WEST LOOP SOUTH, SUITE 2010, HOUSTON, TEXAS 77027 ADD: 1330 POST OA K BOULEVARD, SUITE 2500, HOUSTON, FAX: 0081-3-34348747 TEL: 0091-11-40658888 TEL: 001-832-742-8600 TX 77056, U.S.A. FAX: 0091-11-40658880 FAX: 001-832831-1912 TEL: 001-713-2638880 E-MAIL: [email protected] E-MAIL: [email protected] FAX: 001-713-2120258 SINOFERT HOLDINGS LIMITED STOCK CODE: 00297.HK SINOCHEM CRO P PROTE CTION ( PHILIPPINES ) INC. ADD: SUITES 4601-10, 46/F, OFFICE TOWER , CONVENTION PLAZA, SINOCHEM INTERNATIONAL OIL ( LONDON )CO., LTD. ADD: 22F TOWER II INSULAR LIFE CORPORATE CENTRE, INSULAR LIFE SINOCHEM CORPORATION REPRESENTATIVE OFFICE ( UAE ) 1 HARBOUR ROAD, WAN CHAI, HONG KONG ADD: 11TH FLOOR WESTMINSTER TOWER 3 ALBERT EMBANKMENT DRIVE, FILINVEST CORPORATE CITY ALABANG, MUNTINLUPA CITY , ADD: OFFICE 4E-B 551 DUBAI AIRPORT FREE ZONE, TEL: 00852-36561588 LONDON SE1 7SP, UNITED KINGDOM PHILIPPINES 1781 293662 DUBAI, UNITED ARAB EMIRATES FAX: 00852-28507229 TEL: 0044-20-77357878 TEL: 00632-2-8078125 TEL: 00971-4-2045245/6 ADD: 10TH FLOOR, CENTRA L TOWER , CHEMSUNNY WORLD TRADE FAX: 0044-20-77357121 FAX: 00632-2-8078216 FAX: 00971-4-2045247 CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA E-MAIL: [email protected] E-MAIL: [email protected] TEL: 0086-10-59569601, 59569702 FAX: 0086-10-59569627
SINOCHEM REPRESENTATIVE OFFICE IN TAIWAN SINOCHEM INTERNATIONAL OIL ( SINGAPORE ) PTE. LTD. SINOCHEM INTERNATIONAL CORPORATION REPRESENTATIVE ADD: 29TH, NO.7, SEC.5, XINYI RD., XINYI DIST., TAI PEI CITY 110, ADD: 9 TEMASE K BOULEVARD #18-03, SUNTEC TOWER TWO, OFFICE IN SEOUL TAIWAN (R.O.C.) SINGAPORE 038989 SINOCHEM ( UNITED KINGDOM ) LTD. ADD: 14TH FL, DIO CENTER, SEOSOMUNNO 38, JUNG-GU, TEL: 00886-983835640 TEL: 0065-63390110 ADD: 17/F, NEW ZEALAND HOUSE, 80 HAYMAR KET, LONDON SW1Y 4TE, U.K. SEOUL, KOREA 100-953 FAX: 00886-2-81016055 FAX: 0065-63397037 TEL: 0044-20-79307060 TEL: 0082-2-7573993 FAX: 0044-20-79304631 FAX: 0082-2-7579696 E-MAIL: [email protected] E-MAIL: [email protected]
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SINOCHEM INTERNATIONAL AUSTRA LIA PTY . LTD. CHINA JINMAO HOLDINGS GROUP LTD. ADD: LEVE L 8, 606 ST. KILDA RD, MELBOURNE VIC 3004, AUSTRALIA STOCK CODE: 00817. HK TEL: 0061-3-95208888 ADD: ROOM 4702-03, 47/F OFFICE TOWER, CONVENTION FAX: 0061-3-95208889 PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONG TEL: 00852-28299668 FAX: 00852-28240300 E-MAIL: www.franshion.com SC PETROCHEMICAL FZE ADD: API WORLD TOWER SUITE 3002 SHEIKH ZAYED ROAD, DUBAI, UAE DOMESTIC OPERATING CENTER TEL: 00971-43542031 ADD: 22/F, SINOCHEM TOWER, A2 FUXINGMENWAI STREET, E-MAIL: [email protected] BEIJING 100045, CHINA TEL: 0086-10-59369900 FAX: 0086-10-59369901
GMG GLOBAL LTD. ADD: 8 MARINA VIEW #34-05, ASIA SQUARE TOWER 1, SINGAPORE 018960 FAR EAST HORIZON LIMITED TEL: 0065-62208638 STOCK CODE : 03360. HK FAX: 0065-63230737 ADD: ROOM 4706, OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR ROAD, WAN CHAI, HONG KONG TEL: 00852-25888688 FAX: 00852-25118660 SINOCHEM TRADING ( SINGAPORE ) PTE.LTD. HTTP: // www.fehorizon.com ADD: #18-01/03, SUNTEC TOWER TWO 9 TEMASE KBOULEVARD, DOMESTIC OPERATING CENTER SINGAPORE 038989 ADD: 35TH FLOOR, JIN MAO TOWER , NO.88 CENTURY AVENUE , TEL: 0065-63380110 PUDONG NEW AREA, SHANGHAI 200121, CHINA FAX: 0065-63341787, 63343216 TEL: 0086-21-50490099 E-MAIL: [email protected] FAX: 0086-21-50490066
SINOCHEM INTERNATIONAL CHEMICALS ( HONG KONG ) LTD. ADD: RM.12,46/F., OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR ROAD , WAN CHAI, HONG KONG. TEL: 00852-28240100 FAX: 00852-28029607, 28241233
SINOCHEM JAPAN CO., LTD. ADD: IMC BLDG. SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO -KU, TO KYO 105-0004, JAPAN TEL: 0081-3-34347890 FAX: 0081-3-34348747 HTTP: // www.sinochemplastics.com/sinochemjapan/
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