Songshan's profit in 2017 increased by 2381.13 per cent compared with the same period last year at Shaoguan Iron and Steel Co., Ltd., at 2.517 billion yuan.-Shanghai Metals Market

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Songshan's profit in 2017 increased by 2381.13 per cent compared with the same period last year at Shaoguan Iron and Steel Co., Ltd., at 2.517 billion yuan.

Translation 10:35:49AM Mar 06, 2018 Source:SMM

SMM3, March 6: on March 6, Songshan of Shaogang released its annual report for 2017. in 2017, the net profit attributed to shareholders of listed companies was 2.517 billion yuan, an increase of 2381.1339 percent over the same period last year, and the operating income was 26.038 billion yuan, an increase of 86.35 percent over the same period last year. For details, see:

During the reporting period, in order to achieve the company's production and business objectives, the company mainly took the following measures:

1. We will strengthen the capacity-building of the management system, improve management efficiency and management level, promote the capacity-building of the comprehensive management system, and build a comprehensive benchmarking system. Constantly improve and optimize the management, technology and operation of Guangdong Shaogang Songshan Co., Ltd. 2017 annual report abstract 6 as a standard, all-round improvement of the overall operating capacity of the company.

2. Optimize the production organization, give full play to the production efficiency of the production line rely on the three major control centers, to achieve centralized control and control of production, equipment, energy, logistics, security and give full play to synergies. The first is to firmly establish the idea of "a chess game in the iron area," take the blast furnace as the center, continuously optimize the coal blending structure by improving the guarantee ability of resources, and implement accurate coal blending, so as to further stabilize the quality of raw fuel into the furnace. The goal of natural, stable and high yield in the iron area of the whole year has been achieved. The second is to promote technological and technological innovation and fully release steelmaking capacity.

3. Continuously promote the "zero fault" management mode, ensure the stable state of the equipment, promote the "zero fault management mode" of the equipment, change the management concept of spare parts procurement, and improve the efficiency of equipment procurement. Strengthen the quality training of maintenance, management and technical staff, and escort the efficient production organization.

4. We will deepen the construction of the production, marketing and research system, speed up the development of new products and technological innovation, work closely around the needs of users, enter the market, get close to users, and implement the joint operation mechanism of production, marketing and research for industrial wire rod and special steel. Rapidly promote the automotive steel, bearing steel, industrial wire product research and development and market development capabilities, constantly improve the proportion of high-end products of industrial wire rod, promote product transformation and upgrading.

5. Customer-centered, market-oriented, improve marketing, procurement management to continue to build a "customer-centric" service system, continue to enhance the value of service around customer needs, Improve the level of pre-sale, in-sale and after-sale customer service in an all-round way. Optimize sales channels and gradually improve the daily, ten-day and monthly pricing mechanism, leading the Guangdong market. Further improve the supplier access, evaluation and assessment mechanism to ensure high-quality supply; improve the low-inventory operation mechanism, further strengthen cooperation with Baowu Group, domestic and foreign large mines, to form a stable, efficient and high-quality supply channels. Build an overall, efficient and low-cost procurement system.

7. Optimize the capital structure, expand financing channels, and achieve the goal of safe, efficient and low-cost funds.

Key Words:  Steel  rebar  iron ore  steel price 

Songshan's profit in 2017 increased by 2381.13 per cent compared with the same period last year at Shaoguan Iron and Steel Co., Ltd., at 2.517 billion yuan.

Translation 10:35:49AM Mar 06, 2018 Source:SMM

SMM3, March 6: on March 6, Songshan of Shaogang released its annual report for 2017. in 2017, the net profit attributed to shareholders of listed companies was 2.517 billion yuan, an increase of 2381.1339 percent over the same period last year, and the operating income was 26.038 billion yuan, an increase of 86.35 percent over the same period last year. For details, see:

During the reporting period, in order to achieve the company's production and business objectives, the company mainly took the following measures:

1. We will strengthen the capacity-building of the management system, improve management efficiency and management level, promote the capacity-building of the comprehensive management system, and build a comprehensive benchmarking system. Constantly improve and optimize the management, technology and operation of Guangdong Shaogang Songshan Co., Ltd. 2017 annual report abstract 6 as a standard, all-round improvement of the overall operating capacity of the company.

2. Optimize the production organization, give full play to the production efficiency of the production line rely on the three major control centers, to achieve centralized control and control of production, equipment, energy, logistics, security and give full play to synergies. The first is to firmly establish the idea of "a chess game in the iron area," take the blast furnace as the center, continuously optimize the coal blending structure by improving the guarantee ability of resources, and implement accurate coal blending, so as to further stabilize the quality of raw fuel into the furnace. The goal of natural, stable and high yield in the iron area of the whole year has been achieved. The second is to promote technological and technological innovation and fully release steelmaking capacity.

3. Continuously promote the "zero fault" management mode, ensure the stable state of the equipment, promote the "zero fault management mode" of the equipment, change the management concept of spare parts procurement, and improve the efficiency of equipment procurement. Strengthen the quality training of maintenance, management and technical staff, and escort the efficient production organization.

4. We will deepen the construction of the production, marketing and research system, speed up the development of new products and technological innovation, work closely around the needs of users, enter the market, get close to users, and implement the joint operation mechanism of production, marketing and research for industrial wire rod and special steel. Rapidly promote the automotive steel, bearing steel, industrial wire product research and development and market development capabilities, constantly improve the proportion of high-end products of industrial wire rod, promote product transformation and upgrading.

5. Customer-centered, market-oriented, improve marketing, procurement management to continue to build a "customer-centric" service system, continue to enhance the value of service around customer needs, Improve the level of pre-sale, in-sale and after-sale customer service in an all-round way. Optimize sales channels and gradually improve the daily, ten-day and monthly pricing mechanism, leading the Guangdong market. Further improve the supplier access, evaluation and assessment mechanism to ensure high-quality supply; improve the low-inventory operation mechanism, further strengthen cooperation with Baowu Group, domestic and foreign large mines, to form a stable, efficient and high-quality supply channels. Build an overall, efficient and low-cost procurement system.

7. Optimize the capital structure, expand financing channels, and achieve the goal of safe, efficient and low-cost funds.

Key Words:  Steel  rebar  iron ore  steel price