Company profile

Future of Sinochem Group

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| Quantumrun Global 1000

Sinochem Corporation, headquartered in Beijing, is a Chinese state-owned corporation under the supervision of SASAC, State-owned Assets Supervision and Administration Commission of the State Council. The conglomerate was formed in 1950 from its predecessor, China National Chemicals Import and Export Corporation. Sinochem corporation produces and trades fertilizers and chemicals along with oil exploration and production activities. Sinochem’s main businesses include energy, chemicals, agriculture, financial service, and real estate. It is the largest agricultural company in China producing seeds, fertilizers and agrochemicals, a leading chemical producer of the country, and one of the four Chinese state oil companies. Sinofert, Sinochem’s fertilizer subsidiary, engages itself throughout the whole chain of procurement and production of its products to retail and distribution.

Home Country:
Sector:
Industry:
Trading
Founded:
1950
Global employee count:
60576
Domestic employee count:
Number of domestic locations:

Financial Health

3y average revenue:
$422000000000 HKD
3y average expenses:
$5232667500 HKD
Funds in reserve:
$18548767000 HKD

Asset Performance

  1. Product/Service/Dept. name
    Oil and gas
    Product/Service revenue
    277213764000
  2. Product/Service/Dept. name
    Fertilisers
    Product/Service revenue
    32497743000
  3. Product/Service/Dept. name
    Real estate
    Product/Service revenue
    22080054000

Innovation assets and Pipeline

Total patents held:
321
Number of patents field last year:
19

All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the wholesale sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the projected economic growth within the African and Asian continents over the next two decades, spurred largely by massive population and internet penetration growth forecasts, will result in a significant increase in regional and international commerce/trade.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

*Autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically. Such technological improvements will encourage greater regional and international trade that wholesalers will manage.

*Artificial intelligence (AI) systems will take over more and more of the administrative tasks and logistics management associated with purchasing items in bulk, shipping them across borders, and delivering them to end buyers. This will result in reduced costs, layoffs of white-collar workers, and a consolidation within the marketplace since larger wholesalers will afford advanced AI systems long before their smaller competitors.

COMPANY’S FUTURE PROSPECTS

Company Headlines