Sinochem International (600500) released its annual report for 2008 on 11th, April. The company gained an operational income of 2740.2 billion Yuan during that period, with a 41.18% increase year-on-year; achieved a net profit of 70.6 billion Yuan, with a 12.18% increase year-on-year; and earnings per share reached 0.
49 Yuan. The company planned to distribute to its shareholders 2 RMB (including tax) for every 10 shares, and the total amount of dividends represents 78.04% of the profit distributable by the company at current period, significantly exceeding the average distribution ratio of interests of listed companies.
According to the annual report, in face of dramatic changes in market environment posed to its major businesses in the fourth quarter of 2008, Sinochem International effectively controlled operational risks to ensure its business performance, thus realized the annual budget goal in an all around way. During the entire year, the company established and implemented 53 lean management projects which yielded a desirable result in efficiency improvement and cost saving.
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