Sinochem

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Sinochem Group

Headquarters in Beijing
Company type	State owned
Founded	1950; 74 years ago (1950)
Headquarters	Xicheng District, Beijing , China
Key people	Ning Gaoning (宁高宁) (Chairman)
Products	Petrochemical, petroleum, fertilizer
Revenue	US$ 143.2 billion (2023)[1]
Net income	US$ -3.666 billion (2023)[1]
Total assets	US$ 223.9 billion (2023)[1]
Number of employees	382,894 (2023)[1]
Subsidiaries	Syngenta
Website	www.sinochem.com

Sinochem Corporation (Chinese: 中国中化集团公司) is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil for civilian and military purposes. Its majority owned fertilizer subsidiary Sinofert is involved throughout the chain from production of the product and procurement on international markets to distribution and retail.

Sinochem Group was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation was China's largest trading firm. Sinochem Group is the key state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Sinochem's headquarters is located in Xicheng District, Beijing.

Sinochem's core businesses include energy, agriculture, chemicals, real estate and financial service. It is one of Chinese four state oil companies, China's biggest agricultural input company (fertilizer, seed and agrochemicals), China's leading chemical service company.

Sinochem currently owns more than 300 subsidiaries inside and outside China. It controls several listed companies including Sinochem International (SZSE: 600500), Sinofert (SEHK: 297) and Franshion Properties (SEHK: 817), and is the largest shareholder of Far East Horizon (SEHK: 3360). In June 2009, Sinochem Group established Sinochem Corporation as the vehicle for potential group IPO.

Sinochem Group is China's earliest^{[citation needed]} entrant in Fortune Global 500 and has been on the list 25 times, ranking 139th in 2016.^[2] Sinochem's recent revenue in 2020 was 54.2 billion renminbi.