Baowu Chen Derong analyzes the steel market situation and deploys the next stage of work

On the morning of July 25th, Baowu held the regular work meeting for the second quarter of 2022 to implement the spirit of the seminar for the heads of central enterprises of the State-owned Assets Supervision and Administration Commission of the State Council, focusing on reviewing and summarizing the implementation of the company’s various work in the first half of the year, analyzing the current situation and compacting Target tasks, and arrange key tasks in the next stage of deployment. Baowu Party Secretary and Chairman Chen Derong attended the meeting and delivered a speech. The meeting emphasized that the best tribute to history is to write a new history; the best way to deal with crises is to turn crises into opportunities. We must not only recognize the current severe situation, effectively enhance the awareness of crisis, but also be good at turning crisis into opportunity, seize opportunities for development and steady growth, and go all out to forge ahead in the new journey of building a world-class great enterprise, so as to build a socialist modernization in an all-round way. Make new and greater contributions to strengthening the country and realizing the Chinese dream of the great rejuvenation of the Chinese nation!

At the meeting, the operation and finance department of the group made the operation management report, the safety supervision department, the energy environment department, and the science and technology innovation department made the safety, energy and environmental protection, and science and technology innovation management reports respectively, and the human resources department made the human resources management report. The iron and steel industry development center, the new material industry development center, the smart service industry development center, the resource and environment industry development center, the industrial park industry development center, and the industrial finance industry development center make management reports respectively. Zhongnan Iron and Steel Echeng Iron and Steel made a special report on the improvement of ROE (return on equity) and the “three reductions and two increases”.

During the preparation process of the regular work meeting in the second quarter, the members of the group company carefully studied and implemented the spirit of the seminar for the heads of central enterprises held by the State-owned Assets Supervision and Administration Commission of the State Council. A high degree of agreement was reached. At the meeting, the chairman made a speech on behalf of the group company.

Answer sheet for the first half of the year

Chen Derong pointed out that in the first half of the year, the external situation was extremely severe, and unexpected factors such as the continuous multi-point spread of the new crown pneumonia epidemic exceeded expectations. Baowu achieved “more than half of the time and more than half of the tasks” according to the annual assessment target, and completed the first half of the year. Steady growth decomposition Target. He first expressed his gratitude to all the cadres and employees. It is all Baowu people who love the factory like home, have strong will, firm goals and strong actions, and have made positive contributions to the stable operation of the group company and the stability of the macro economy.

Chen Derong in particular affirmed several highlights. First, in the face of the severe situation of epidemic prevention and control in Shanghai, Baosteel Co., Ltd. Baoshan Base has made great contributions to ensure the fight against the epidemic and maintain production and stable production. The staff of the group headquarters are stationed in Baowu Building, which ensures the smooth operation of the whole Baowu. Second, the company’s overall work has been affirmed by superiors, and it has been rated as an A-level enterprise in the business performance assessment of the person in charge of the central enterprise for 6 consecutive years, and the 2019-2021 tenure assessment is A-level. Baowu was officially transformed into a state-owned capital investment company to create a new low-carbon metallurgical modern industrial chain. Third, the “14th Five-Year Plan” strategic project has been fully promoted, and the Baowu upgraded version of the strategy has been steadily implemented. The advanced material industry and the iron and steel industry are developing together; the green and low-carbon development conference is held, and the ultimate energy efficiency level has been continuously improved; the “4321” smart project has been further promoted, and the promotion of “Bao Luo” has been accelerated; great progress has been made in joint reorganization; A number of overseas steel projects have made positive progress; the mixed-ownership reform and listing work is in an orderly manner. The fourth is to rapidly deploy the work of improving quality, increasing efficiency and stabilizing growth. The “three reductions and two increases” and “grasping the two ends and leading the middle” have achieved positive results. Fifth, the three-year action plan for Baowu’s reform was completed on schedule. Sixth, the achievements of party building work were further consolidated and deepened. Deeply carry out the theme activities of “Constructing a New Era of Merit and Celebrating the 20th National Congress of the Communist Party of China” General Secretary Xi Jinping’s important instructions and instructions to re-learn, implement, and improve. The Baowu talent work conference was held to implement the Baowu talent strategy in the new era.

Key tasks for the next stage

While affirming the achievements, Chen Derong pointed out that we must be soberly aware of the complex and severe situation we are currently facing. From a domestic perspective, we are facing a new round of downturn in the steel industry. Great changes unseen in a century are accelerating, and there is great uncertainty as to whether there will be long-term adverse effects on my country’s economic development. This has a long-term and profound impact on the bulk materials and steel industries. We must have a clear understanding of the current crisis.

Chen Derong demanded that we should unify our thinking, enhance our confidence, maintain our concentration, actively respond to difficulties and challenges, and seize opportunities to plan development. We must not only recognize the current situation, effectively enhance the awareness of crisis, unify our thinking, strengthen our confidence, and be prepared for “winter” or even “winter” for a long time; but we must also be good at turning crises into opportunities, seizing opportunities for development and steady growth. We must grasp the law of the development of things, and regard “overwintering” as a good opportunity for cultivation. The development of things always presents a wave-like advance and a spiral upward. As a perfectly competitive industry, the steel industry is currently experiencing cyclical fluctuations. Winter is not scary, it is also a normal season in the four seasons. The key is to cultivate the ability to survive the winter, have the confidence to survive the winter, and comprehensively improve the management ability and level through “winter training”, so that we have a strong anti-freezing ability. Adhering to development is the foundation and key to solving all problems, and enhancing confidence and determination in China’s economy with strong resilience, great potential and long-term improvement. The problem of development must be solved by development. Small development is a big problem, large development is a small problem, and no development is the biggest problem. As a state-owned central enterprise, Baowu must set an example in stabilizing growth. Confidence is more important than gold. We must improve our political position, give full play to the experience and advantages of fighting for a century in the steel industry, drive and lead the entire industry to strengthen the belief in winning, and make our contribution to stable growth. Baowu also has the experience and strength to deal with difficult challenges. On the one hand, we have experienced two industry troughs in 2008 and 2015, and accumulated experience in dealing with challenges. At the same time, after recent years of joint integration and integration, Baowu’s overall strength is stronger than before, and its system capabilities have also improved. It is necessary to maintain strategic focus, seize favorable opportunities, and advance various tasks in an orderly manner. We must adhere to the established management principles of “beyond ourselves, outperform the market, pursue excellence, and lead the world”; we must persist in benchmarking and creating first-class; we must persist in “three reductions and two increases”; we must persist in international development shake.

Regarding speeding up the construction of a world-class enterprise, Chen Derong requested to further strengthen his understanding of the importance of creating a world-class enterprise. As an enterprise included in the list of world-class demonstration enterprises, Baowu should take the lead in making breakthroughs, continuously consolidate its leading advantages, and form replicable and popularized experiences and practices. Creating a world-class enterprise is also fully in line with Baowu’s current development needs. If we truly become a world-class enterprise, it will be a good time for Baowu, no matter whether it is winter or summer. It is necessary to give full play to the leading role of creating first-class in all work. It is very important to find the difference in the standard. It is necessary to adhere to high-tech leadership, create a source of original technology, and comprehensively improve overall efficiency and corporate competitiveness.

In terms of party building, Chen Derong asked to continuously improve the quality of party building and give full play to political advantages. It is necessary to deepen the implementation of the spirit of General Secretary Xi Jinping’s important instructions and re-study, implement and improve the theme activities; do a good job in the study, publicity and implementation of the spirit of the 20th National Congress of the Communist Party of China; fully implement the requirements of the State-owned Assets Supervision and Administration Commission of the State Council on promoting high-quality development of party building; In accordance with the spirit of the Central Enterprise Talent Work Conference and the Baowu Talent Work Conference, implement the “14th Five-Year Plan” special action plan for strengthening enterprises with talents; effectively improve the ability and level to promote the integration of dare not corrupt, cannot corrupt, and do not want to corrupt.

Chen Derong also made arrangements for the decisive battle to win the three-year reform of state-owned enterprises, pay close attention to safety production, and strictly control environmental risks.

Chen Derong emphasized that the best tribute to history is to write new history; the best way to deal with crises is to turn crises into opportunities. The changes of the century and the epidemic of the century are intertwined, the new round of technological revolution and industrial transformation is developing in depth, the global industrial chain, supply chain and value chain are being restructured at an accelerated pace, and the steel industry has entered a cyclical adjustment. It has faced great challenges and brought more development opportunities for us to create a world-class enterprise. Across the sea, the true character of a hero is revealed. Let us face the difficulties and challenges, work hard to cultivate our inner strength, and go all out to forge ahead in the new journey of building a world-class great enterprise! With the unique steel and iron bones and strong will of the Iron Man, we will create new achievements, welcome the victory of the Party’s 20th National Congress with practical actions, and make new and greater contributions to building a modern socialist country in an all-round way and realizing the Chinese dream of the great rejuvenation of the Chinese nation!

Zou Jixin, member of the Standing Committee of Baowu Party Committee, Secretary of the Party Committee and Chairman of Baosteel Co., Ltd., Zhu Yonghong, member of the Standing Committee of the Party Committee, Chief Accountant and Secretary of the Board of Directors, Meng Qingyang, member of the Standing Committee of the Party Committee, Secretary of the Disciplinary Committee, and Supervision Commissioner of the State Supervisory Commission in Baowu, Wei Yao, member of the Standing Committee of the Party Committee, member of the Standing Committee and Deputy General Manager of the Party Committee Manager Gao Jianbing attended the meeting. The meeting was chaired by Hou Angui, Member of the Standing Committee of the Party Committee and Deputy General Manager. Assistant to the general manager, general counsel, chairman of the labor union of the group company, heads of business centers, functional departments, party-mass organizations, shared units and other institutions in the headquarters, and the main party and government leaders of each first-level subsidiary on the spot or via video. Attend.