The net profit exceeds the level of the same period last year and the operating performance of the mining and metallurgical group achieves restorative growth

SMM News: July 21, Mining and Metallurgical Technology Group Co., Ltd. held the first half of 2020 economic operation meeting, the meeting uses the combination of on-the-spot meeting and video conference. Xia Xiaoou, secretary of the party committee and chairman of the Mining and Metallurgical Group, attended and presided over the meeting. Han long, deputy secretary of the party committee and general manager of the group, and members of the leading group Wang Weidong, Zhan Kai, Huang Songtao, Ma Jiru, Xue Song and Zhou Zhou attended the meeting.

The economic benefits of the Mining and Metallurgical Group first suppressed and then increased in the first half of the year, the main indicators achieved restorative growth, and the net profit exceeded the level of the same period last year, reaching an all-time high in June, laying a solid foundation for accomplishing the target for the whole year.

Xia Xiaoou conveyed the spirit of the mid-year video conference of the heads of central enterprises of the State-owned assets Supervision and Administration Commission of the State Council. Xia Xiaoou pointed out that in the first half of the year, under the influence of the sudden epidemic situation and the escalation of trade frictions between China and the United States, all kinds of work of the Mining and Metallurgical Group were carried out in an orderly manner, showing a positive trend of improvement on the whole, and their achievements were better than expected. Xia Xiaoou stressed: it is necessary to be full of confidence in accomplishing the target of tasks for the whole year, and cadres at all levels should have the courage to take responsibility, dare to break through ideological shackles, have ideas, have ideas, seize opportunities, and achieve benefits in terms of business model and reform and innovation. Xia Xiaoou demanded that it is necessary to thoroughly implement the work plan of SASAC and do a good job in the work of the group in the second half of the year. First, it is necessary to conscientiously study and judge and accurately grasp the tense situation at home and abroad, accurately identify, respond scientifically, and take the initiative to seek change. Second, we should strengthen our confidence and take various effective measures to ensure that the targets and tasks for the whole year are fulfilled. Third, in accordance with the requirements of the three-year action plan deployed by SASAC, we should improve the world-class management, make up for the shortcomings, and improve the development quality of the group. Fourth, it is necessary to further deepen reform, properly implement the SASAC reform action plan, and increase efficiency through reform and innovation. Fifth, it is necessary to do a good job in the Group's 14th five-year Plan, strengthen the leading role of the plan, and formulate long-term goals from a strategic point of view. Sixth, it is necessary to combine the internal control system, low-cost (joint) control projects with risk prevention and control, and financial supervision to do a good job in group risk prevention. Seventh, it is necessary to do a good job in production safety, confidentiality, intellectual property management, regular epidemic prevention and control, and implement the special work requirements of the State-owned assets Supervision and Administration Commission. Eighth, it is necessary to do a good job in the promotion of party building and integrate it with production and management.

Han long reported the overall economic operation of the Mining and Metallurgical Group in the first half of the year and put forward work arrangements for key tasks in the second half of the year. Han long pointed out that it is necessary to continue to push forward all kinds of work in accordance with the overall work ideas and requirements at the beginning of the year, persist in making progress in the midst of stability, plan according to circumstances, highlight the focus of work, further promote the work of improving quality and efficiency, and do everything possible to recover the losses caused by the epidemic, and strive to achieve "one struggle and one guarantee", that is, strive to achieve the annual targets and tasks of all secondary business units, and ensure the steady growth of the overall operating efficiency of the group. Complete the assessment task of SASAC in an all-round way. First, it is necessary to stick to the target tasks for the whole year, and take more measures to improve quality and increase efficiency and steady growth. Second, it is necessary to seriously study and judge the situation of the industry and take the initiative to seek opportunities in danger to expand the market. Third, we should continue to increase investment in research and development and continue to strengthen the driving role of scientific and technological innovation. Fourth, we should focus on the key tasks of reform and further promote the implementation of the reform of state-owned enterprises. Fifth, it is necessary to implement benchmarking and improvement actions to continuously improve the efficiency of operation and management. Sixth, it is necessary to firmly establish bottom-line thinking and prevent and resolve major risks in production and operation.

Zhan Kai analyzed the current economic situation from the perspectives of macro-economy, industrial economy, digital economy, central enterprises and non-ferrous metals industry, and summarized and reported the operation of the group's scientific research work and engineering business in the first half of the year. in addition, the problems and causes of the group's scientific research work and engineering business in the first half of the year are analyzed, and the work priorities and plans for the second half of the year are put forward.

Huang Songtao reported on the operation of the group's science and technology industry in the first half of the year, introduced the operating characteristics of various production units, summarized the main work of the group's industrial management, analyzed the main challenges faced by the science and technology industry plate, and arranged the focus of work in the second half of the year.

Members of the functional departments of the group, second-tier management units and some cadres attended the meeting.

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