Baoshan Iron & Steel Co Ltd
Baoshan Iron & Steel Co., Ltd. Information Release
Performance highlights in Annual Report I. High-end products strategy characterized by technical leading In 2014, Baosteel launched the world debut of 5 new products, including new generation of advanced ultra-high strength steel- QP steel (QP1180CR) and debut products supply doubled. The company continued to maintain the advantage of technical leading in the fields of auto sheet, home appliances sheet, oriented silicon steel, oil-gas pipes etc. The Company achieved the sales of newly developed products of 1.32 million tons, with the invention patents proportion of 63.4%, creating a new record in the history. In 2014, Baosteel successfully developed and promoted 81 new grade products to the market. II. Focus on customer value and differential marketing Baosteel has established over 100 marketing branches in China, with the business covering 25 provinces, municipalities and autonomous regions. The Company owns nearly 60 service centers. In 2014, both the sales of strategic and advantageous products exceeded 12 million tons. The proportion of export maintained 10%. III. Fast development of diversified business E-Commerce business IV. Pioneer of domestic environmentally friendly enterprises The Company implements the concept of environmental management in the whole management process, and has advantages in the technical research and application of low-carbon economy and green product manufacturing. In 2014, the total energy consumption decreased 45.4 tons of standard coal YoY. The Company released the new round development planning of green manufacturing and the environmental protection commitment, and achieved the photovoltaic power generation of 39.02 million kwh, and the key environmental protection facilities with the functions and states in industrial leading positions. Profit distribution plan In 2015, the Company’s operating policy is: “one-body(steel business), two-wings(E-commerce and IT business), three-bases coordination(Shanghai headquarters, Meishan Steel and Zhanjiang Steel), seeking development with innovation and reform; differential competition, cost improvement and lean operation, maintain superior performance”. I. Promote E-commerce business to a new level The establishment of Ouye Clouding Co., Ltd. and its subsidiaries symbolizes that the Company’s steel E-commerce business will achieve greater investment and development. In 2015, the Company will speed up the industrialized development of E-commerce business, established the warehousing information cloud platform that covers the whole country; further attract social resources to speed up the distribution of E-commerce logistics networks; explore to expand the bank finance and financing business of the platform; construct the credit database based on the E-commerce platform, improve the modes of mortgage financial business and risk control and reinforce the management and control of financing risks. II. Ensure “Sep. 2015” successful ignition of Zhanjiang Steel It is close to launch the ignition of No. 1 blast furnace in Zhanjiang Steel. Focusing on the ignition issue, the Company will elaborately plan various production preparation work to ensue the timely and safe commissioning, profoundly practice the management and control mode of “factories and departments in Zhanjiang Steel are managed and supported by Shanghai headquarters”, to provide complete management support and ensure the authentically simple and high-efficiency production operation of Zhanjiang Steel. III. Implement environmental management and construct clean factories The Company will reinforce the management and control of environmental protection risks, and includes the management and control of environmental risks into business process in combination with the environmental management requirements in Shanghai, Nanjing, Zhanjiang and other different plots, to upgrade the Company’s emergency treatment ability of sudden events; promote environmental protection planning projects, implements 20 greening transformation projects, newly increase 200,000 m2 greening space to upgrade the factory appearance and boundary environment. IV. Explore and promote intelligent manufacturing The Company will gradually achieve the transformation of the decision analysis from database to big data center, transformation of supply chain from local coordination to overall optimization, transmission of equipment from automation to intelligence by deep integration of new technologies such as internet, cloud computing and big data with full supply chain, to explore the intelligent manufacturing development of steel industry. In 2015, the Company’s overall operation objective is: “achieve the total operating revenue of RMB 190 billion, ensure “Sep. 2015″ successful ignition of No.1 blast furnace of Zhanjiang Steel, complete the sales of unique and leading products at least 12 million tons, comprehensive energy consumption at least 85000 tons of standard coal and the total profit per ton ranking the top three in the world.” For any relevant material, please visit the Company’s Website: http://bg.baosteel.com/ End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=MPQDXEROJY Document title: Baoshan Iron & Steel Co., Ltd. Information Release Key word(s): Miscellaneous 01/04/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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