This year is the first year when Baosteel 2013-2018 development plan is implemented and it is also the new starting point and new journey. What kind of company of the future of Baosteel? Steadiness, concentration and sustainable are the three key words. "We always pursue sound business performance, focus on the steel industry, make the best iron and steel in the world, continue to improve the innovation ability and create the most competitive steel enterprise and the listed company with the investment value sincerely. " said He Wenbo, the general manager, chairman and secretary of the Party committee of Baoshan Iron & Steel Group Co., Ltd. at Baosteel 2012 annual general meeting of stockholders which was held on April, 26 when he was introducing Baoshan Iron & Steel company's strategy to the vast investors.
Since last year, Baosteel has made significant adjustment of the related business of the company surrounding optimizing the asset structure, improving the product profitability and reducing the risk of future earnings etc: selling the stainless steel and special steel business to the group company in succession, permanently shutting down the relevant production line in Luojing Area, repurchasing Baosteel stock and raising fund to newly build Zhanjiang iron & steel project etc. He Wenbo pointed out that in the current market situation, it is difficult for Baosteel to make these decisions, but we always pursue a healthy and robust listed company and we believe these decisions are closely related to the interests of the vast investors of Baosteel, which indicates that Baosteel illuminates the core value of Baosteel brand with its actual action: good faith, love and creativity.
In which aspects is the future creativity of Baosteel reflected? He Wenbo held the opinion that as long as Baosteel grasps the general trend of the energy conservation and emission reduction, continues to practise the environmental management idea and concentrates on the carbon steel flat product production, Baosteel will play a great role in the aspects of green manufacturing, green products and green industry etc. He specially introduced the green products of Baosteel to the investors attending the meeting in details. Baosteel automobile plate promotes Chinese automobile industry to escalate, Baosteel has realized that the third generation of ultra high strength steel products QP is firstly publicly announced and successfully entered the ASP laboratory, Baosteel high-quality products have become a beautiful scenery in Italian MADE IN STEEL exhibition and Baosteel silicon steel has entered the field of the large transformer...... Every change is a leap and every leap is the verification of Baosteel pursuing the continuous innovation ability, which accomplishes Baosteel high-quality products one after another and in the end it shall become the assurance of Baosteel pursuing the sound business performance.
As a listed company,Baosteel loses no opportunity to show the future of the enterprise to the investors and have the investors see better and better development prospects of the enterprise. In the future, Baosteel will further adjust the industry structure and speed up the development of the information industry and electronic commerce industry etc. For this reason, He Wenbo briefly introduced Baosteel VSS visualization supply chain management system as well as the relevant information industry of Baosight to the investors and demonstrated the "Taobao" of Baosteel on the site ——the related functions of the trading platform of "Baostar" electronic commerce steel. It can be predicted that in the future Baosteel will have more attempts and make the investors have more expectation in addition to focusing on the iron & steel products to continue to improve profitability.
In order to have the investors know Baosteel better, we should show them true Baosteel. Therefore, He Wenbo doesn't hide the situation that there still exist some problems and especially the problems in the aspect of safety management. But he thinks that Baosteel team is hard-bitten and they have the fighting strength and ability to make the iron & steel industry stronger and better. He believes that Baosteel's sincerity and hard work will eventually make Baosteel become the most competitive iron & steel enterprise and the listed company with the investment value.
Ma Guoqiang, the general manager of Baosteel briefly introduced Baosteel's business performance last year and the business situation in the first quarter this year to the vast investors. Since this year, Baosteel has grasped the market opportunity of a rebound in demand of the steel market to continue to deepen marketing, service and technological innovation mode and improve the flexible manufacturing of the system and resource protection ability to complete 5541000 tons of iron output, 5799000 tons of steel output, 5458000 tons of commodity billets sales, realize the total consolidated profit 2.255 billion yuan with year-on-year increase of 0.75 billion yuan in the first quarter. In which, Meishan Steel makes up the deficits and get surpluses.
He Wenbo and Ma Guoqiang also answered the related questions about Zhanjiang iron & steel project construction, the profitability of Meishan Steel, the market share of Baosteel automobile plate and the future industry adjustment of Baosteel etc. which the investors are concerned with. The meeting has also reviewed and passed 12 reports and bills such as 2012 Annual Report of Board of Directors, 2012 Annual Report of Board of Supervisors, 2012 Annual Report as well as Bill on Developing the Direct Financing etc.
