Agrichem.com Chinese website reported: Sinochem International (Holdings) Co., Ltd. (hereinafter referred to as Sinochem International) today released the 2017 first half report. During the reporting period, the company realized operating income of 24.885 billion yuan, a year-on-year increase of 26.81%, and realized net profit attributable to shareholders of listed companies of 371 million yuan, a year-on-year increase of 163.32%.

Sinochem International stated that the profit in the first half of the year was mainly derived from the core chemical business and achieved a year-on-year increase of 163.32%, of which:

In the first half of 2017, the price of natural rubber fluctuated sharply. The company's natural rubber business was progressing in an orderly manner around the integration of the new business platform and achieved significant results. At the same time, it benefited from the gradual advancement of its own brand building and the in-depth work of reducing costs and increasing efficiency. Implementation, effective use of futures hedging tools, and overall performance turned losses into profits.

The chemical intermediates business grasped the market rhythm and leveraged the synergistic advantages of the chlorine-consuming industry chain. The epichlorohydrin and caustic soda businesses achieved a profit growth of 20%.

Pesticide business actively seizes market opportunities and strengthens collaboration with multinational companies. At the same time, the 9625 product is created and launched, and a project-based innovation mechanism integrating research, production and marketing has been established. Sales of new products have greatly exceeded expectations.

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