Business Introduction of China Sinochem Group Company

Sinochem has been engaged in petroleum business for more than 60 years. The company's energy business includes oil and gas exploration and development, oil trade, oil refining, warehousing and logistics, distribution and retail. In the past ten years, the company has continuously consolidated and improved its leading position in international oil trade, vigorously expanded its core commodities and businesses, promoted the upgrading of business connotation, accelerated its extension to the upstream and downstream of the oil industry, and enhanced its industrial base and sustainable development capability. At present, Sinochem has developed into a large-scale energy enterprise with international characteristics, complete industrial chain and outstanding marketing and service capabilities.

In terms of exploration and development, Sinochem Group established Sinochem Petroleum Exploration and Development Co., Ltd. in 2002, specializing in oil and gas exploration and development. Over the years, the output and reserves of Sinochem's oil and gas exploration and development business have been expanding, the oil and gas reserves have increased steadily, the oil and gas output has increased rapidly, and the asset quality and structure have been greatly improved. By the end of 20 1 1, the company had owned 23 oil and gas contract blocks in Brazil, Colombia, United Arab Emirates, Yemen, Tunisia, Ecuador, Peru, Syria, Indonesia, China and other countries 10, basically forming a strategic development layout with the Middle East and South America as the core, and the remaining oil and gas recoverable reserves in the equity reached 4/kl. From 2002 to 20 1 1, the company invested 6.5 billion dollars in upstream oil business and produced 82.59 million barrels of oil and gas (oil equivalent).

In terms of oil trade, Sinochem has formed a strong ability to obtain overseas oil resources by virtue of its good cooperative relations with many oil-producing governments and their national oil companies. The crude oil output exceeds 30 million tons/year, involving crude oil from Saudi Arabia, Oman, Iraq, Bahrain, United Arab Emirates, Yemen, Qatar, Angola, Vietnam, Syria, Indonesia, Russia and other countries.

Sinochem Group has maintained long-term cooperation with major oil companies and related financial institutions in oil trade and risk management. With good reputation, operating channels and technical means, it has provided high-quality crude oil and professional services to domestic and foreign customers, forming a stable and extensive global sales channel. While relying on long-term contracts and spot purchases of overseas crude oil to meet the domestic market demand in China, the company actively re-exports to refineries in Southeast Asia, Europe and North America, vigorously expands core commodities and core businesses, and focuses on developing superior varieties. It has become an important crude oil supplier in many countries and regions, and its business scale and benefits have increased substantially. The company exports the high-quality products of Dalian West Pacific Petrochemical Co., Ltd. (WEPEC)1100,000 tons every year as an agent, and also engages in the import and self-operated business of light oil such as jet fuel, naphtha and duty-free marine diesel. At present, the company's global crude oil and refined oil business has reached 60 million tons, and the proportion of import and re-export is about 1: 1.2.

In order to cooperate with the development of petroleum trading business, Sinochem Group has continuously consolidated its cooperation with large international shipowners, provided convenient and efficient chartering services for oil customers who import from China and re-export from third countries, and expanded the scale of self-operated ships through regular chartering and other means. At present, the company has leased and operated nine super tankers (VLCC), initially establishing a professional oil transportation service capacity.

In terms of petroleum refining, Sinochem Group began to set foot in petroleum refining business in the late 1980s. The company is the largest shareholder of China's first Sino-foreign joint venture refinery-Dalian Western Pacific Petrochemical Co., Ltd. (WEPEC). WEPEC is the first Sino-foreign joint venture refinery in China, with a crude oil processing capacity of100000 tons/year. It is a fully hydrogenated oil refining enterprise that can process high-sulfur crude oil. It has 6,543,800,000 tons/year atmospheric and vacuum distillation unit, 3,000,000 tons/year heavy oil catalytic cracking unit, 2,000,000 tons/year heavy oil hydrodesulfurization unit and 2,000,000 tons/year diesel oil hydrogenation unit.

Sinochem Quanzhou Petrochemical Co., Ltd.120,000 tons/year oil refining project invested by Sinochem Group is located in Hui Quan Petrochemical Industrial Park, Quanzhou City, Fujian Province, and is listed as one of the key projects completed and put into operation during the Twelfth Five-Year Plan period by the national oil refining plan. At present, the construction of Quanzhou Petrochemical Project has made a breakthrough, the environmental impact assessment report has been officially approved by the Ministry of Environmental Protection, and the project approval has entered the final stage. The design products of this project mainly include gasoline, diesel oil and various petrochemical products. After the project is put into production, it will become one of the most competitive oil refining enterprises in the industry, support the development of Meizhou Bay Petrochemical Base in Fujian Province into a modern petrochemical base in China, and make positive contributions to the upgrading of the national petrochemical industry, the construction of the economic zone on the west side of the Taiwan Strait, and the economic take-off of Fujian Province and its surrounding areas.

Sinochem Hongrun Petrochemical Co., Ltd., which is a shareholder of Sinochem Group, has a crude oil processing capacity of 5 million tons/year, and the quality of gasoline and diesel produced reaches the national III standard. In addition,176km heavy liquid chemical Huangdao-Weifang pipeline and 4 million cubic meters large crude oil storage tank area are under construction, and now they have entered the final stage.

In terms of warehousing and logistics, at present, the petrochemical warehousing capacity operated and under construction by Sinochem Group is about 25 million cubic meters, forming a petrochemical warehousing and logistics network covering the Yangtze River Delta, Pearl River Delta and coastal areas around Bohai Sea, as well as supporting terminal systems of various sizes ranging from 3,000 tons to 300,000 tons. Commercial petrochemical warehousing ranks among the top in China, and it is the largest third-party petrochemical warehousing logistics service provider with the strongest comprehensive service capability in China. 20 1 1 year, the company's warehousing and transshipment volume exceeds 35 million tons.

In terms of distribution and retail, Sinochem's domestic distribution and retail network of refined oil products has made great progress in recent years, initially forming a layout covering North China, East China and South China. The company provides hardware facilities and business qualification support for the distribution business by strengthening the construction of refined oil distribution oil depot. The company has accelerated the construction of gas stations, and the scale of the gas station network jointly built with Total Group of France in Bohai Sea and East China has been expanding. The network of self-built gas stations in Fujian and Guangdong has been smoothly promoted, and the markets in Shandong, Shanxi, Anhui and Jiangxi have been continuously expanded. At present, Sinochem Group has nearly 400 gas stations, and its brand awareness and market influence are constantly expanding. Sinochem Group is the only central enterprise that deals in three major agricultural inputs: chemical fertilizer, seeds and pesticides. With advanced technology, high-quality products and professional services, Sinochem Group is committed to developing into the largest comprehensive service provider of agricultural inputs in China and making contributions to food security and agricultural development in China and the world. Sinochem Fertilizer Holding Co., Ltd., the flagship enterprise of Sinochem Group engaged in fertilizer business, is the largest fertilizer supplier and distribution service provider in China, covering the whole industrial chain of resources, research and development, production, distribution and agrochemical services, and playing an important role in ensuring domestic fertilizer supply and promoting crop production. China Seed Group Co., Ltd., a subsidiary of Sinochem Group, is a state-level seed enterprise in China, and its comprehensive strength is leading in China. Committed to becoming the "No.1 seed company in China and No.1 seed company in the world" with the integration of breeding, propagation and promotion, and promoting the upgrading of seed industry in China. Sinochem Group is the largest chemical fertilizer enterprise in China, which integrates all kinds of fertilizers, production, supply and sales, and maintains a leading position in the fields of pesticide research and development, production and sales, seed production and processing. Zhongzhong Group is a leading enterprise in China, which integrates scientific research, development, production and management of seeds and high-quality agricultural and sideline products. According to the main business scope of central enterprises approved by SASAC, the main business of Zhongzhong Group is: research and development, production and sales of crop seeds and seedlings; Research and development, production and sales of related agricultural means of production and agricultural products.

In 2007, with the approval of the State Council, Sinochem reorganized Shenyang Research Institute of Chemical Industry and China Seed Group Company, which will further strengthen the overall strength of Sinochem in the field of agricultural inputs.

In terms of fertilizer business, the company is one of the largest fertilizer producers in China. At present, it has 7 fertilizer producers and 6 shares. Its products include nitrogen fertilizer, phosphate fertilizer, compound fertilizer, potash fertilizer and new fertilizer, with an annual production capacity of over 6,543,800 tons. These enterprises are reasonably distributed in resource areas and consumer markets, and supply chemical fertilizers to all parts of the country conveniently. At the same time, Sinochem Fertilizer is also the producer with the most complete varieties of fertilizers in China. The products cover all kinds of macro, medium and trace element fertilizers, BB fertilizers, organic and inorganic compound fertilizers, slow-release fertilizers, special fertilizers and other new fertilizers.

China's largest importer of chemical fertilizers, the company, while strengthening its own production capacity, constantly strengthens its overseas purchasing ability to ensure the supply capacity of scarce domestic resources and varieties. As the largest fertilizer importer in China, with more than 60 years of international trade experience and strength, the company has maintained a good strategic alliance with major international fertilizer suppliers, forming a strong market position including bargaining power, market share and brand effect.

In terms of potash import, the company acts as an agent for potash products from major international potash suppliers, such as Potash Canada, Potash Jordan and BPC. , and actively participate in China potash import negotiations, give play to the influence of the industry, and play a constructive role in maintaining the leading position of domestic potash in the world, making up the gap of domestic potash resources and reducing the burden on farmers. In the import of phosphate fertilizer, the company has long been the sole agent for importing diammonium phosphate from Morocco and Tunisia. In the import of compound fertilizer, we have established a long-term strategic cooperative relationship with YARA, Norway, and acted as the sole agent for importing YARA compound fertilizer for more than 20 years, providing farmers with high-quality and efficient compound fertilizer products and building the first brand of imported compound fertilizer in China.

In terms of seed business, Sinochem Group, as a national seed company and the only central enterprise in China focusing on crop seed industry, has continuously improved the core competitiveness of all links in the industrial chain by implementing the development strategy of "emphasizing research and development, promoting production and promoting marketing".

After more than 30 years of development, China Seed Group Co., Ltd., a subsidiary of Sinochem Group, has developed into a large-scale seed industry group with a complete industrial chain integrating scientific research, production, processing, marketing and technical services. It is mainly engaged in the seed business of corn, rice, vegetables and other crops, and its business scale is leading in China. The company has successively obtained the credit rating of Dagong International Enterprise AAAc and the industry credit rating of China Seed Association AAA, further establishing the industry position and competitive advantage of seed business.

In terms of pesticide business, Sinochem Group's pesticide business covers all aspects of the industrial chain, such as product research and development, API production, preparation processing and sub-packaging, product registration, brand marketing and so on. Among them, the development of patented pesticides occupies a leading position in China. The scale of pesticide management ranks among the top in China. In recent years, the company has accelerated its strategic expansion and continuously strengthened the industrial chain of pesticide business. After Sinochem International, the holding company of the company, became the largest shareholder in Jiangshan, it also carried out strategic cooperation with Jiangsu Yangnong Chemical Group, which further enhanced its industry influence and comprehensive strength. As two national pesticide R&D platforms, Shenyang Institute of Chemistry Co., Ltd. and Zhejiang Institute of Chemistry Co., Ltd. under Sinochem Group have the leading pesticide innovation capability in China and have undertaken more than 20 national key scientific and technological projects. At present, there are eight innovative products in the development stage. Shenyang Institute is the founder of pesticide research and development in China and has made outstanding contributions to the development of pesticide industry in China. Shenyang Institute is the supporting unit of National Engineering Research Center for Pesticides, National Pesticide Quality Supervision and Inspection Center and National New Drug Safety Evaluation Center. It has the State Key Laboratory for the Creation and Development of New Pesticides, and has a complete pesticide research and development system from chemical design and synthesis, production process development, biological activity determination and application technology development, preparation processing, safety evaluation and commercial development. At present, more than 40% of the leading pesticides produced in China are developed and promoted by Shenyang, and two fungicides independently created have become the leading products in the domestic market. The Institute of Shenyang Safety Assessment Center and the pesticide testing laboratory have successfully passed the GLP certification of the Dutch government, a member of OECD, which will play a positive role in promoting domestic pesticide chemical products to the international market.

Zhejiang Institute of Chemicals is the supporting unit of Zhejiang Base of National Southern Pesticide Creation Center and the largest research and development institution in Zhejiang Province, mainly engaged in the research and development and production of new fluorine-containing pesticides. Sinochem's chemical business is based on import and export trade and circulation services, and has established strong competitive advantages in the fields of fluorine chemical industry, natural rubber, chemical logistics, petrochemical raw materials, medicine and so on. Sinochem Group has developed into a leading comprehensive service provider of chemical products in China, which plays an active role in promoting scientific and technological progress and safe, environmental protection and harmonious development of the chemical industry. In recent years, Sinochem Group has actively extended the upstream and downstream of the industrial chain around several sub-industries, such as fluorine chemical industry, natural rubber and chemical logistics, further enhancing its market position and competitive advantage. In the field of trade and circulation with traditional advantages, such as petrochemical raw materials, we have continuously innovated business models and enriched business connotations, and the import and export share of related products has continued to maintain a leading position in China. In the field of medicine, through cooperation with world-renowned biopharmaceutical enterprises, we have improved our strength in related fields.

In the fluorine chemical business, Sinochem's fluorine chemical business has formed a complete industrial chain integrating resource development (fluorite and hydrofluoric acid), research and development, production and sales. The company is a leading manufacturer of fluorine chemicals and the most complete supplier of ODS substitutes in China. Its products cover ODS substitutes, fluoropolymers and fluorine-containing fine chemicals, among which more than ten varieties such as HFC- 134a rank first in the domestic and foreign markets. In terms of resource development, the reserves of raw fluorite ore of Sinochem Blue Sky Group Co., Ltd., a subsidiary of the company, exceed 30 million tons, ranking among the top in the domestic industry, forming a resource base to support the long-term development of fluorine chemical industry. In the field of research and development, the company provides environmentally friendly, efficient and energy-saving green products through scientific and technological innovation, creating green competitiveness and unique competitive advantages. A number of new material research topics of the company were included in the National 863 Plan, and the research report of the "Twelfth Five-Year Plan" of fluorine chemical industry was entrusted by the Ministry of Industry and Information Technology. At the same time, actively promote technical cooperation and introduction with domestic and foreign scientific research institutes, universities and international leading enterprises in fluorine chemical industry. The company has successfully cooperated with Honeywell Company of the United States to develop the international leading new environmental protection product HFC-245fa, which has enhanced its development potential in the field of energy-saving and environmental protection materials.

In the production process, Sinochem Group has several fluorine chemical products production bases in Taicang, Hangzhou, Xi and Shangyu. The company has continuously improved its technology and formed a series of ODS substitutes with advanced technology and complete varieties. The production capacity of ODS substitutes reached10.2 million tons, and the production capacity of fluoropolymer and fluorine-containing fine chemicals reached10.7 million tons. In addition, the company established a joint venture with Solvay Belgium to cooperate in the field of high-purity wet chemicals and produce high-end fluorine chemical products including electronic-grade hydrofluoric acid to meet the rapid development of high-tech industries in China.

In marketing, the company implements brand strategy, and brands such as Jinku have formed a strong influence in the industry.

In terms of rubber business, Sinochem Group has been engaged in rubber and rubber products business for nearly 60 years, covering all aspects of the industrial chain, such as natural rubber planting, production and processing, marketing and value-added services, so as to realize global integrated operation. At present, the company is the largest and most powerful rubber marketing service provider in China, and also a natural rubber industry service provider with strong core competitiveness in the international market. Its resources are all over Southeast Asia, West Africa, China, Hainan and Yunnan, and its market and main customers cover Asia, Europe and America. Sinochem International Natural Rubber, a listed company controlled by Sinochem Group, has an annual sales volume of 800,000 tons, ranking first in China and second in the world in market share.

In terms of resource acquisition, in addition to the acquisition of Malaysia EUROMA Rubber Company, Singapore listed company GMG and Thailand TBH, Sinochem International also acquired new planting and production resources in Africa, Southeast Asia and other regions, adding 6,543,800 hectares of natural rubber planting land. In terms of long-term contract resources, in addition to the traditional Thai and Malaysian resources, the company also vigorously expanded Indonesia's high-quality resources and became the largest Indonesian rubber supplier in China market. At the same time, the development of emerging market resources in the Greater Mekong River Basin, such as Myanmar, Vietnam and Cambodia, has also achieved remarkable results.

In terms of processing, the company has continuously improved the global production capacity layout, and currently has a processing capacity of 530,000 tons in China's main natural rubber producing areas such as West Africa, Southeast Asia, Yunnan and Hainan; At the same time, the development of new products has been strengthened. The self-developed TSR 10CV constant viscose has obtained Michelin certification, which is another high-end product that has entered the procurement sequence of the top ten tire manufacturers in the world after TSR97 10 and TSR5.

In terms of marketing, the company has improved its marketing service ability to downstream customers by building an overseas marketing platform in Singapore and supporting the corresponding logistics capabilities. The company further strengthened its strategic cooperation with international tire manufacturers, signed long-term sales contracts with many top ten tire manufacturers in the world, and the marketing scale continued to expand.

In terms of chemical logistics business, Sinochem International, a listed company controlled by Sinochem Group, maintains a leading position in the domestic chemical logistics service field. Its business involves shipping, container multimodal transport, freight forwarding storage, wharf storage tanks and other fields. With the largest liquid chemical fleet and the highest safety standard in China, it can provide customers with multi-level, efficient and low-cost logistics solutions. At the same time, the company pays attention to the environmental protection, health and safety (EHS) management of chemical logistics business, and the EHS management level ranks among the international advanced ranks.

In terms of shipping, Sinochem International is a leading enterprise in China, providing domestic coastal transportation, international ocean transportation and ship management services for liquid chemicals along the Yangtze River. According to ISM rules, the company has established a comprehensive and efficient safety management system and obtained DNV ISO900 1-2000 quality management system certification. The company's ships meet the inspection standards of Shell, BP and other major oil companies and the International Chemical Distribution Association (CDI), and meet the strict qualification requirements of high-end market users. At present, it is the only shipowner in China who can carry high-end liquid chemicals such as TDI (toluene diisocyanate) and MDI (xylene diisocyanate). By the end of 20 1 1, Sinochem International controlled 47 ships with a tonnage of over 450,000 tons, and the domestic market share increased to 16%, and the market share of high-end customers reached 6 1%. As the first batch of liquid chemical shipowners to obtain the permission of direct flights between the two sides of the Taiwan Strait, the company has made positive contributions to promoting cross-strait cooperation and exchanges and maintaining the safety and stability of direct flights, and has become the leader of liquid chemical transportation between the two sides of the Taiwan Strait. At the same time, on the basis of maintaining regional market share, the company has newly opened global routes from the Far East to South America to the Middle East, and gradually moved towards the goal of shipping internationalization.

In container logistics, Sinochem International is a leading container logistics service provider in China. In recent years, based on the China market, the company has vigorously expanded its ocean route business and improved its management and service capabilities. The company now has 4600 container boxes, of which special boxes account for 25%; The operation network covers key domestic regions and major countries and regions such as Asia, America, Europe and the Middle East. Sinochem International further deepened its cooperation with Newport Company in the United States, and its international business scale grew rapidly, especially winning global bids from multinational companies such as BASF, Dow Chemical and Ubisoft, which further enhanced the brand influence of the company. At the same time, Sinochem International signed a long-term contract with the world's leading Maersk shipping company to optimize the operating costs of container tanks; Through the evaluation of CDI-MPC tank container of European Chemical Circulation Association, it became the first chemical logistics service provider in China to pass this kind of evaluation, and improved its competitiveness in the international market.

In terms of terminal storage tanks, Sinochem International and Lianyungang Port Group jointly established Lianyungang Port International Petrochemical Storage Company and Lianyungang Port International Petrochemical Port Company. It is planned to build three 50,000-ton liquid bulk cargo terminals, with a storage tank of about 800,000 cubic meters, providing services such as chemical storage, bonded goods, terminal loading and unloading, and the designed throughput is about 5 million tons.

As for warehousing and freight forwarding, Sinochem International has national first-class freight forwarding, customs declaration and other related qualifications, and has branches in major ports across the country. In addition, the company has chemical warehouses with complete business qualifications in major coastal port cities such as Tianjin, Dalian, Shanghai and Guangzhou, providing domestic and foreign customers with all kinds of chemical warehousing and logistics services including container dangerous goods.

In the financial field, Sinochem Group provides a variety of financial products and services to the market, and its foreign trade trust, Far East Leasing, Nuoan Fund, Hong Zhong Life Insurance and other enterprises all have strong market position and industry influence in their respective fields. Sinochem Group is one of the central enterprises whose main business includes hotel and real estate development and operation approved by the State Council State-owned Assets Supervision and Administration Commission. It mainly operates through its Hong Kong-listed holding company, China Jinmao (formerly Fangxing Real Estate).

China Jinmao adheres to the high-end positioning and boutique route, focusing on the development opportunities of first-tier cities, second-tier central cities with strong regional radiation and famous tourist attractions and resorts. Its core business includes the development and operation of urban complexes, Grade A office buildings and high-end hotels. It is a leading high-end commercial real estate developer and operator in China.

At present, China Jinmao has entered nine cities including Beijing, Shanghai, Shenzhen, Zhuhai, Sanya, Lijiang, Changsha, Qingdao and Chongqing, and the holding scale and operational efficiency of high-end office buildings and hotels are in the leading position in China.

While paying attention to the quality of development projects, the company pays more attention to the sustainable development of resources and environment, and incorporates the development of green and low-carbon buildings into its corporate strategy. On 20 1 1 year, China Jinmao completed the first carbon trading project of voluntary emission reduction standard "Panda Standard" in China, and was the first China enterprise to participate in the transaction. At present, the company has obtained green building certification for 6 projects, won the title of "National Demonstration Project" for 2 projects, and won the "National Jing Rui Science and Technology Award" for 4 projects, among which Beijing Jinmaofu Primary School became the first green school in China to be certified by the national green label Samsung and LEED schools.

For seven consecutive years (2005-20 1 1), Jinmao brand under Sinochem Group was selected as the "Top 500 Most Valuable Brands in China" published by the World Brand Lab, with a brand value of about 5 billion yuan.

In terms of project development, the company has successively developed landmark commercial real estate projects such as Shanghai Jinmao Building, Beijing chemsunny world trade center, Shanghai Port International Passenger Transport Center and Shanghai International Shipping Service Center. In addition, a number of high-grade residential projects have been developed, such as Beijing Jinmao Mansion, Shanghai Jinmao Yishu, Shanghai JASON ZHANG Riverside Garden, Haiyi Villa, every garden in Zhuhai and Lijiang Jinmao Snow Mountain Language. And participated in the first-class land development of Meixi Lake International New City Project in Changsha, and accumulated rich project experience. The company also successfully entered the Qingdao and Chongqing markets.

Changsha Meixi Lake International New City Project is located in the core area of Changsha Dahexi Pilot Area, with a total area of about 1 1452 mu, including high-end residential buildings, super five-star hotels, 5A-class office buildings, serviced apartments, cultural and artistic centers, scientific and technological innovation centers and many other top formats. According to the overall plan of Hunan provincial government to build Meixi Lake International New City, it will be built into "a national green and low-carbon demonstration new city in China and a model of two-oriented society in central China".

Beijing Jinmaofu Project has a total construction area of about 370,000 square meters, and is known as the "out-of-print gold plot" in Beijing. At the same time, it was introduced into Beijing No.2 Experimental Primary School, and the product value was greatly improved, and it won the single-disc sales champion of 20 1 1 Beijing.

The Shanghai Port International Passenger Transport Center and Shanghai International Shipping Service Center being developed by Sinochem Group are located in the north Bund area of Huangpu River, forming a riverside area twice the length of the Bund. Among them, Shanghai Port International Passenger Transport Center is a comprehensive business development project integrating cruise terminal and business office, and will become the future shipping and transportation hub of Shanghai. Focusing on shipping transactions and business needs, Shanghai International Shipping Service Center strengthens the business and supporting functions of shipping services and realizes a modern office and business district featuring shipping centers. At present, the project has been listed as a major project in Shanghai and has become a key project in Shanghai's strategy of building an international shipping center.

Jinmao Yishu Project, located in Chongming Island, Shanghai, was planned by Shanghai as one of the three demonstration areas of low-carbon economy practice during the Twelfth Five-Year Plan period. The project is located in a high-end low-density community, with a total construction area of about 6.5438+0.7 million square meters and a greening rate of over 50%. 20 1 1, this project has won the monthly sales champion of similar projects in Shanghai for many times.

Sinochem Group actively invests in developing new products such as tourism real estate. The Jinmao Snow Mountain Language Project in Lijiang, Yunnan Province, with the construction concept of "pure heart vacation", will build a high-end holiday complex integrating high-end hotels, boutique commercial streets and low-density houses, which will become another important tourism and holiday resource in Lijiang after completion.

In property leasing, the company owns and operates three high-grade office buildings in Beijing and Shanghai. Among them, chemsunny World Trade Center in Beijing and Jinmao Tower in Shanghai are both landmark buildings in the core business district in China, and their operating quality and occupancy rate are always in the forefront of the market.

In Beijing, chemsunny World Trade Center is a new landmark of West Chang 'an Avenue. Its unique overall design style and high-end supporting facilities are unique in the high-end office market in Beijing. Sinochem Building, located in the prosperous section of West Chang 'an Avenue, is a pure office building integrating intelligent office and humanized service. At present, both office buildings are fully rented, and the rent level is in the forefront of the region.

In Shanghai, Jinmao Tower is located in Lujiazui Financial and Trade Zone, Pudong. It is one of the landmark buildings in China and a model of the perfect combination of China traditional architectural style and world high-tech architectural technology. Its occupancy rate and rent level keep ahead in the region.

On 20 1 1 in the TOP20 list of top office buildings in China jointly released by China Office Industry Association and China Office Research Center (CORC), chemsunny World Trade Center and Jinmao Tower were both selected, and Jinmao in China became the only real estate enterprise with two top office buildings on the list.

In terms of hotel management, the seven high-end hotels operated by the company are located in prime locations and famous scenic spots in first-tier cities in China; In addition, the company is promoting the development and construction of two high-end resort hotels in Chongming, Shanghai and Lijiang, Yunnan.

Grand Hyatt Jinmao Hotel, located on the 88th floor of Jinmao Tower in the core area of Lujiazui, Shanghai, has won more than 65,438+000 hotel awards at home and abroad since its opening. With its high-end supporting facilities and excellent service, it enjoys the reputation of "the first luxury hotel" in Shanghai.

The Westin Jinmao Hotel, located in Beijing's Lufthansa business district, hosted many foreign heads of government, sports people and business elites such as former US President George Bush during the Beijing Olympic Games. The hotel is widely praised by the industry for its unique concept of "personalization, intuition and vitality".

In Shenzhen, JW Jinmao Marriott Hotel is one of the local ultra-luxury five-star business hotels, and was rated as "the best convention and exhibition tourism reception hotel" by Shenzhen Convention and Exhibition Industry Association.

In Yalong Bay National Tourism Resort in Sanya, Hainan, the company owns two high-star resort hotels, The Ritz-Carlton Sanya and Hilton Sanya, leading the local high-end market.

In addition, the brand influence and market position of Renaissance Beijing Wangfujing Hotel Jinmao Store located in Wangfujing Street and Yishengyuan International Conference Center located in Shunyi District of Beijing have been continuously improved year by year. Sinochem's financial business covers financial leasing, trust, securities investment funds, life insurance, finance companies, financial futures and other non-bank financial business areas, and has built a relatively complete framework for the development of non-bank financial business, forming companies with strong competitiveness and influence in the industry such as Far East Hong Xin, Foreign Trade Trust, Nuoan Fund, Hong Zhong Insurance, Tong Guan Futures and Baoying Fund.

In terms of financial leasing, in recent years, Sinochem Group's financial leasing business has been firmly in the leading position in the same industry in China. Far East Hong Xin Co., Ltd. (hereinafter referred to as "Far East Hong Xin"), a subsidiary of the Group, adheres to the industrial operation service strategy around six business areas, such as medical treatment, printing, shipping, construction, industrial equipment and education, and takes the development road of "market operation, specialized operation, compound method, systematic operation and group promotion", and steadily promotes the development strategy, and the enterprise value is continuously improved. As the first innovative financial enterprise in China to be listed overseas on the basis of financial leasing, Far East Hong Xin has been listed on Hang Seng Hong Kong Stock China Enterprise Index (HSCC) and Morgan Stanley China Enterprise Index (MSCI) successively, which has been highly recognized by the capital market.

Far East Hong Xin has about 5,000 customers, 1 1000 projects and a team of 1600 people, which has established a leading position in China's financial leasing industry.

In terms of trust business, Sinochem Group's specialized agency engaged in trust business is China Foreign Economic and Trade Trust Co., Ltd. (hereinafter referred to as "Foreign Trade Trust"), with a registered capital of 2.2 billion yuan, which is one of the trust companies directly supervised by the CBRC.

By the end of 20 1 1, the scale of trust assets managed by foreign trade trust exceeded 230 billion yuan, and the scale of collective trust products reached120 billion yuan. While vigorously expanding its business, Foreign Trade Trust strictly controls its business risks, and was awarded the 2B regulatory rating by China Banking Regulatory Commission on 20 1 1 (20 10).

The wealth management center established by Foreign Trade Trust 20 1 1 has made great efforts to expand the direct sales channels, and the high-end wealth management concept with the "five elements of wealth" as the core has won the recognition of the industry and high-end customers, and the scale of direct sales and the number of customers have greatly increased. Recently, foreign trade trust has obtained the qualification of stock index futures trading business, and the company's securities investment trust business has officially entered the field of financial derivatives investment.

In terms of securities investment funds, Sinochem invested in two fund management companies, Nuoan Fund and Baoying Fund. Among them, Nuoan Fund, as the main sponsor of the company, manages 65,438+08 open-end fund products. By the end of 2065,438+065,438+0, the total assets under management exceeded 46 billion yuan.

The products of Nuoan Fund are complete in style and have their own characteristics. The open-end funds managed by Nuoan Fund include stock funds, hybrid funds, index funds, bond funds and monetary funds. In May 2008, the company obtained QDII qualification and was allowed to engage in overseas securities investment management business, and successfully issued the Nuoan Global Gold Securities Investment Fund on 2011. The company is also one of the first fund companies to obtain the qualification of special account financing.

In life insurance, Hong Zhong Life Insurance Co., Ltd. (Hong Zhong Insurance for short) is the first Sino-foreign joint venture life insurance company in China. Manulife Insurance (International) Co., Ltd., a subsidiary of Sinochem Group and Canada Manulife Finance, was established on June 1996 65438. At present, the company has nearly15,000 employees and marketers, providing professional financial and insurance services to nearly 650,000 customers.

Hong Zhong Insurance has been deeply involved in China insurance market for more than ten years, and is committed to providing reliable, credible and far-sighted insurance products and services to the public. At present, Hong Zhong Insurance has developed steadily in nearly 50 cities, including Shanghai, Beijing, Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian, Chongqing, Liaoning, Tianjin and Hubei, and its business performance has maintained a leading position among joint venture life insurance companies.

In terms of financial business, Sinochem Group Finance Co., Ltd. (hereinafter referred to as "Sinochem Finance Company") is one of the financial companies directly supervised by CBRC, and was established in 2008. Sinochem Finance Company aims at "relying on the Group, serving the Group, standardizing operation and innovating development" and provides professional and high-quality financial support and services around the industrial chain and value chain of Sinochem Group. Now it has developed into a comprehensive financial service platform integrating six functions: settlement service, financing service, financial intermediary service, preservation and appreciation of financial assets, financial equity management and risk control.