In the first half of 2024, Sinochem International focused on quality and efficiency, significantly advancing operational excellence, and driving cost reduction and efficiency improvements. The company achieved revenues of RMB 25.861 billion and a net profit attributable to shareholders of RMB 12 million. Upholding a strict approach to financial discipline, Sinochem International tightened cost controls and improved the efficiency of expenditure, reducing selling and administrative expenses by 9% and 11% year-on-year, respectively. Additionally, the company further optimized its working capital management system, resulting in improved operational efficiency.

Basic Raw Materials and Intermediates：The integrated C3 industrial chain at Sinochem Lianyungang Circular Economy Industrial Park has been fully operational and is currently ramping up production capacity. The company has intensified its marketing efforts, expanding into new product markets and optimizing existing product potential. New products like propylene oxide were successfully launched and swiftly introduced to the market, with key product sales increasing by 27% year-on-year in the first half.

High-performance Materials：

Epoxy Resin：Sinochem International expanded its overseas sales channels and strengthened internal collaboration. Bisphenol A achieved a breakthrough with its first-ever export, and epoxy resin exports increased by 62% year-on-year. The company also seized opportunities in the specialty epoxy products market, significantly boosting its customer base, with revenue growing by 66% year-on-year.

Aramid Fibers: Leveraging integrated research, production and marketing advantages, Sinochem International optimized its product mix, ensuring stable profitability and steadily advancing its 2,500-ton aramid project as planned. ABS and Modified ABS Materials: The company capitalized on market opportunities, carefully analyzing the raw material market and customer demand to promote domestic raw material alternatives, reduce costs, and improve efficiency. Gross profit increased by 33% year-on-year in the first half.

Nylon 66: Sinochem International continued to push for integrated sales of polymer materials, cultivating existing customers and key markets. Despite fierce competition, sales volumes increased by 87% year-on-year.

Polymer Additives：Closely monitoring raw material prices, the company adopted tailored marketing strategies for different products and customers. It leveraged its supply chain advantages in Thailand to strengthen relationships with core customers, growing domestic sales and profitability, while stabilizing overseas market share. Core product sales grew by 17% year-on-year.

Sinochem International enhanced its efforts to secure resources and develop high-quality end customers in the engineering plastics and chemical trading sectors. By reducing inventory, optimizing upstream and downstream settlement processes, and improving operational efficiency, the performance of its chemical trading business saw significant year-on-year growth.

The company actively organized exhibitions and client visits, strengthening communication with commercial partners. Key product sales and overall business profitability exceeded expectations. The core businesses, including LPG, coal tar, and chemical exports, all surpassed profit targets for the first half of the year. Sinochem International also optimized its business structure and promoted supply chain collaboration, reducing costs along the industrial chain.

n the first half of 2024, Sinochem International successfully issued Huatai-Sinochem International Plaza green asset-backed securities on the Shanghai Stock Exchange. The securities achieved a record-low interest rate, helping the company enhance its business model, asset structure, and liquidity. This initiative positively impacted the company’s current operating performance.