2On July 20, 2020, at the mid-year work meeting, Sinochem Petrochemical Distribution carefully reviewed and summarized the work of the first half of 2020 and analyzed the current situation and existing problems, and made arrangements for priorities in the second half of the year. Presided over by Wang Guolun, general manager of the Company, the meeting was attended by leaders of the Company, Sinochem Liaoning, and directors of each branch and each department.
Multidimensional work report
The Ethylene Pre-Sale Office first reported the work progress of ethylene pre-sale of the Company in the first half of the year from aspects of ethylene unit commencement schedule, ethylene products pre-sale, and ethylene transport capacity.
The Business Executive Department reviewed and analyzed each business department's contract performance in the first half of the year and proposed relevant suggestions on existing problems.
Zhang Tao, financial director of the Company, gave an analysis report on the operation performance in the first half of 2020. From three aspects of operation performance analysis in the first half, overall and department performance evaluation, whole-year operation forecast, he made a comprehensive and objective review on the Company's business status in the past half a year. He proposed operation measures that guarantee and promote businesses in the second half from multiple perspectives.
Each business unit and functional department director also made a supplemental report on the completion of relevant works in the first half.
Leaders delivered speeches
After each department was debriefed, leaders of the Company took turns to address the meeting. They all said that the 120 million extraordinary profit was achieved through the employees' concerted efforts despite the severe market environment under the influence of COVID-19. Each business unit's achievements were laudable, with business highlights frequently seen and the team making sustainable progress. Looking ahead, the second half of 2020 is still full of arduous tasks. How to guarantee the self-production and self-sales of all products and good sales performance of products after the ethylene project is put into production is worth pondering of every employee and the most valuable and challenging test since the establishment of the Company three years ago.
Mr. Li gave a concluding speech
At the end of the meeting, Li Bo, general Party branch secretary and general manager of the Company, gave a concluding speech.
From the outbreak of COVID-19 at the beginning of the year to the repetitive occurrence today, the entire petrochemical industry has experienced anextreme market situation. The petrochemical industrial chain was also caught in growing trouble. Under such a harsh condition, our invincible employees stood the test. They firmly played a role in the downstream export of the Sinochem Energy petrochemical industrial chain while guaranteeing the self-production and self-sales of all products from refinery plants. Operations such as planned distribution business, market business, ethylene pre-sale, and innovative reforms such as application R&D, business model innovation, value-added serviceability, and management reform deepening were unaffected by the epidemic. Li Bo fully recognized the hard-won achievements made by the Company under internal and external operation pressure. He also pointed out problems exposed during business organizational structure reform, middle-backstage system building, and the discrepancy between the quality and logistic transport capacity of 1chemic.com.
To ensure the completion of the whole-year operation budget objective, enhance both the quality and efficiency of the products, and guarantee good sales performance of ethylene products, Li Bo deployed priorities in the second half of 2020 from the following five aspects.
1. Make sure to strictly implement HSE management.
2. Fully guarantee the smooth commencement of the ethylene project.
3. Continue to promote the increase in quality and efficiency of the current operation.
4. Continue to boost the online sales quality of 1chemic.com.
5. Speed up the implementation of application R&D.
Faced with the market environment plagued by slowed growth in domestic demand and intensified competition and severe impact on the national economic development and petrochemical industry brought by COVID-19, Sinochem Petrochemical Distribution is now truly confronted with a test. Despite the difficulties and obstacles on the way ahead, firmly adhering to the spirit of “making joint efforts and forging ahead despite difficulties”, staying true to the mission and tacklingthe difficulties are what we must do to score success in the operation of 2020.
