Sinoma Group revenue target, China

Sinoma Group revenue target, China
Published: 23 December 2010

China National Materials Group Corp Ltd or Sinoma Group, the parent firm of China National Material Co, aims to earn more than CNY150bn (US$22.5bn) in operating revenue in 2015, according to a plan on December 21 unveiled by Sinoma Group.

In 2015, Sinoma Group’s gross profits are expected to exceed CNY15bn, and it hopes to have over CNY150bn in total assets at the end of the same year. The state-owned group also hopes to have a 22% year-on-year growth in total assets as of Dec. 31, 2010, 42% growth in operating revenue and 43% growth in gross profits this year.