Baowu News

[ 2018-09-04 ]

Recently, Baosteel issued its semi annual report for 2018. In the first half of this year, the operating performance of Baosteel rose sharply, achieving operating profit of 14.08 billion yuan, an increase of 65% over the same period of the year, the best level since the listing. The total cost reduction is 3.12 billion yuan, 156% of the annual target. The sales volume of the company's unique products and new trial products increased significantly.

In 2017, Baosteel created the best annual performance since listing. In 2018, Baosteel will continue to take the vision of "becoming the most competitive steel enterprise and the most valuable listed company in the world", take "creating and enjoying life-changing" as its mission, and strive to improve the efficiency of human resources and create a new capability of multi manufacturing base management mode on the basis of tamping the capacity of cost change, technology leading, service first, intelligent manufacturing and urban steel plants. .

In the first half of this year, Baosteel's cost reduction achieved remarkable results. Compared with 2017, the company achieved a cost reduction of 3.12 billion yuan in the first half of the year, exceeding the annual target time schedule. At the same time, manufacturing capacity has been steadily improving. In the first half of the year, the annual sales plan of superior products and exclusive products reached 55.1% and 66.0%, and the yield of cold rolled ultra-high strength steel in Baoshan base reached the historical optimum. Dongshan base has 780DP batch production capacity. This year, the technical superiority of Baosteel has been effectively consolidated. B18P080 thin-gauge oriented silicon steel and other three products achieved the first launch, 8 landmark technology achieved research and development breakthroughs, "high-efficiency energy-saving and environmental protection sintering technology and equipment research  development and application" project won the second prize of national scientific and technological progress. It also blossoms in intelligent manufacturing. This year, Baosteel started 32 intelligent equipment revamping projects, with equipment management system, PSCS system switching on-line as a representative, Baowu information integration work carried out according to the schedule. A new round of smart manufacturing special planning starts revision. Capital structure is continuously optimized. At the end of June, the ratio of assets and liabilities was 49.9%, which was lower than 0.3 percentage points at the beginning of the year, and the net interest liabilities decreased by 15.8% to 9.44 billion yuan.

Source:Baowu News Centre