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By the end of 2006, the scale of China's chemical assets had reached 93 billion yuan, and the annual sales revenue was expected to exceed 80 billion yuan, and the profits exceeded 1.5 billion yuan, an increase of 56% and 51.5% respectively over the previous year. In 2006, China Chemical carried out 635 science and technology research and development projects, of which 94 were national planning projects. At present, 215 items have passed the appraisal and acceptance, and 49 items have won awards, ranking among the top companies in the central government. The affiliated units undertook more than 130 military-related supporting research projects and also undertook several major military project support projects. The Group's annual investment in science and technology amounted to 1.445 billion yuan, accounting for 1.8% of sales revenue in the same period, which was higher than the assessment indicators issued by the State-owned Assets Supervision and Administration Commission of the State Council.
In 2007, the main objectives of the company were to realize sales revenue of 100 billion yuan, an increase of 25% over 2006; and to achieve a profit of 2 billion yuan, an increase of 30% over 2006; and the scale of assets exceeded 100 billion yuan.
In order to accomplish the goals and tasks in 2007, Ren Jianxin, general manager, stressed the need to focus on nine areas of work: strengthening marketing, continuously strengthening the leading businesses, accelerating the construction of enterprise information, accelerating the innovation of institutional mechanisms, and increasing the level of international operations; Accelerate the pace of scientific and technological innovation, actively complete the supporting tasks for military products; strengthen basic management; strengthen the construction of the “Four Good†team; and further strengthen party building and corporate culture construction.
China Chemical Industry Group's target to break 100 billion this year
The just-concluded annual work conference of China National Chemical Corporation has uploaded information. Last year, the company’s asset size was 90 billion yuan and its sales revenue was 80 billion yuan. It has become a leading company in China's chemical industry. The goal of this year's company is that both asset size and sales revenue will exceed 100 billion yuan.