On September 20th, 2023, at the 2023 Top 500 Chinese Enterprises Summit Forum, the Entrepreneurs Association of china enterprise confederation and China released the list of Top 500 Chinese Enterprises for the 22nd time in a row. The list shows that State Grid ranks first in revenue, which is the third consecutive year that State Grid has won the championship. China ranks second in oil revenue and third in China Petrochemical revenue. China Construction, China Industrial and Commercial Bank, China Construction Bank, China Agricultural Bank, China Ping An Insurance, China Sinochem and China Railway entered the top ten.
Sinopec group, formerly known as sinopec group, was founded in July 1983. 1In July, 1998, according to the deployment of the CPC Central Committee to implement the strategic restructuring of petrochemical industry, China Petrochemical Group Company reorganized on the basis of sinopec group. On August 20 18, it was restructured into sinopec group.
Corporate vision of China Petrochemical
Committed to becoming a sustainable enterprise. Fully implement the development strategy of "value-oriented, innovation-driven, resource pooling, open cooperation, green and low carbon", quickly adapt to environmental changes, speed up the transformation of modes and structures, improve quality, increase efficiency and upgrade, so that the company can strive to maintain sustained profit growth and capacity improvement in the leading competitive field and future business environment, and ensure the company's long-term prosperity.
Committed to becoming a company that is satisfied by stakeholders. Pay more attention to technological progress and people-oriented, strive to provide high-quality products, technologies and services, show a good image of social responsibility, satisfy employees, customers, shareholders, the public and the people in the country (region) where the business is located, and strive to become a highly responsible and respected excellent enterprise.
Committed to becoming a green and efficient energy and chemical enterprise. Focusing on energy and chemical industry, we will do a good job in strategic layout and business structure optimization, while developing traditional businesses, we will continue to develop and efficiently utilize emerging industries such as shale gas, geothermal energy and biomass energy. Develop green and low-carbon production technology, research and produce new environmental protection materials, promote clean utilization of coal resources, and strive to become a green and efficient energy and chemical enterprise.
Committed to becoming a world-class enterprise. World-class enterprises need not only first-class scale, but also first-class quality and efficiency, first-class corporate culture management and brand image, first-class marketization and international competitiveness. According to the standards of world-class enterprises, China Petrochemical should make unremitting efforts to become an advanced enterprise with standardized governance, efficient management, advanced culture, high degree of marketization, strong international operation ability, and world-class technology, talents and brands.
Above content reference: Sinopec official website-Company Profile