On August 25, Shandong Economy and Information Technology Commission and Shandong Statistics Bureau jointly released the 2015 Top 100 Enterprises of Shandong. And three subordinate enterprises of ChemChina were included in the list: Changyi Petrochemical, Huaxing Petrochemical and Zhenghe Petrochemical.
It is known that the inclusion criteria for selection of top 100 enterprises of Shandong Province is the enterprise’s operating income in 2015. With the increasing scale and continuous operating income improvement of the enterprises, the entry barrier for top 100 enterprises of Shandong has increased to 15.8 billion Yuan, higher than that of last year by 5.2 billion Yuan. The three companies of ChemChina listed this year, in the unfavorable situation of shrinking market demand and industrial overcapacity, have achieved transformation and upgrading and technological innovation to promote the integration of information technology and industrialization and constantly improve the management level of the enterprise. As a result, their enterprise development has shown a good trend