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Recently, in Sinochem International's third quarter report, the company has recorded an EPS of 89 million Yuan from Jan. to Sep., during which the third quarter has recorded 0.31 Yuan, increasing by 24% in chain index. The net profit from Jan. to Sep. added up to 745 million Yuan, realizing a year-by-year increase of 316.9%. This period of time also witnessed a net cash inflow from operational activities of 832 million Yuan and a ROA of 29.37%.
The remarkable business performance of Sinochem International is inseparable with the correct development strategy formulated by the company's administering authorities. A few days ago, at the investors talkfest of Sinochem International, Fu Bo, Executive Director, expatiated on the four major businesses of the company in the future.
The chemical industry and chemical logistics business should take the first. As early as 2002, the company began its strategic transition from a traditional trader to a comprehensive trade service provider. Specifically speaking, the company plans to march towards two fields, production and R&D of fine chemicals and chemical logistics, while maintaining its advantage in trade and distribution of chemicals; to establish its own entity and advanced platform for industrial circulation, so that its chemical chain could be perfected and the advantage the company has in chemical industry could be consolidated and expanded.
Secondly, the company is going to strengthen its metallurgy & energy resources business, which is mainly composed of metallurgical coal and iron ore. This year, this part of business has earned most of the profits for the company, which in particular made the Metallurgical Coal Business Co. the leader among counterparts, enjoying an unshakable preponderance.
Further more, as far as the rubber business is concerned, since rubber is an important strategic resource of China, where most of the natural rubber can not meet the demand of domestic market and the technology of synthetic rubber is in the hands of a few big foreign corporations, it is also going to be an key aspect that Sinochem International will develop in the future.
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