SMM: on July 21, China Minmetals Group Co., Ltd. (hereinafter referred to as China Minmetals) held a mid-year economic situation operation analysis meeting to conscientiously study and implement General Secretary Xi Jinping's series of important speeches and instructions on overall promotion of epidemic prevention and control and economic and social development, and systematically summarized the epidemic prevention and control and production and operation work in the first half of the year. We will fully implement the decision-making arrangements of the CPC Central Committee and the State Council, conscientiously implement the spirit of the mid-year videoconference of the persons in charge of the central enterprises of the State-owned assets Supervision and Administration Commission of the State Council, analyze the internal and external Tang Fuping, chairman and secretary of the party group of China Minmetals, and Guo Wenqing, director, general manager and deputy secretary of the party group, attended the meeting and made a speech.
At the meeting, Guo Wenqing systematically summarized the work in the first half of the year and made arrangements for the key work in the second half of the year in the light of the actual operation and development of Minmetals in China.
Since the outbreak of the epidemic in the first half of 2020, China Minmetals has thoroughly implemented the decision-making and deployment of the CPC Central Committee, starting from the first time on January 23 to make a decisive decision and act quickly to issue an emergency "mobilization order." it has launched a war of scientific prevention and control and precise measures to prevent and control the epidemic. Guo Wenqing summed up that in the face of the extremely adverse effects of the double-round impact of both men's enterprises and overseas sub-enterprises, the local epidemic outbreak and the global epidemic pandemic, we firmly put people's life safety and health in the first place. with a strong sense of political responsibility, historical mission, and realistic sense of urgency, we will co-ordinate the prevention and control of the epidemic and the work of production and management. The whole group made concerted efforts to face up to the difficulties, and the prevention and control of the epidemic achieved phased strategic results. at the beginning of April, the resumption rate of all-level enterprises reached 100%, and there was not a single incident of agglomeration infection.
Guo Wenqing stressed that under the situation of sharp fluctuations in the prices of metal and mineral products in the first half of the year, China Minmetals is guided by the goal of "three steps and doubling twice", adheres to the main tone of great development, and spares no effort to stabilize operation and maintain development. the main business indicators catch up with the progress and meet expectations, and the economic operation is better than the overall level of the central enterprises. Business income increased by 10% compared with the same period last year; the income of the main industry of metal minerals reached the progress of the assessment task of the State-owned assets Supervision and Administration Commission; the asset-liability ratio decreased by 0.1 percentage point compared with the end of last year, the growth rate of the occupation of "two funds" was lower than that of revenue growth, and the operating efficiency of assets improved compared with the same period last year. The assessment task of "two benefits and three rates" has been basically completed in an all-round way, and the operation of enterprises has shown a trend of steady progress and steady improvement.
Guo Wenqing pointed out that in view of the adverse impact of the epidemic on global mines in the first half of the year, China Minmetals took "production entering the adjustment and optimization period, sales entering the analysis and observation period, and mergers and acquisitions entering the opportunity window period" as the guiding principle to reasonably coordinate the production and operation arrangements of the metal mining business. Metallurgical construction business to strengthen the allocation of resources and project management and control efforts, do everything possible to ensure that the personnel "do not break", the project "continuous grain", the organization "do not drop the line". The key projects of the Winter Olympic Games, such as the National Sled Center and the Dexin blast furnace in Indonesia, have achieved non-stop design and construction of a number of major projects related to the national economy, people's livelihood and international production capacity cooperation. We will seize the double opportunities of the policy market and effectively expand the space for growth. Fully tap the potential of hundreds of billions of internal market, accelerate the development of engineering material allocation, resource trade coordination and industry-finance coordination business, with a collaborative scale of 82.67 billion yuan in the first half of the year. Selected and deployed elite troops will strive to enter the market. In the face of serious epidemic situation at home and abroad and a decline in infrastructure investment compared with the same period last year, newly signed construction contracts totaled 468 billion yuan, an increase of 19.6% over the same period last year. Caofeidian 100 million ton International Ore Trading Center actively built its own brand in the iron ore field. "Minmetals Standard Powder" made its debut in the market and successfully delivered to its target customers.
Guo Wenqing placed special emphasis on risk prevention and control under the influence of the epidemic. He pointed out that after the outbreak of the epidemic, China Minmetals resolutely launched a large-scale inspection of financial capital risks, and quickly carried out a full-level omni-directional pull-net inspection, which effectively revealed, prevented and defused all kinds of capital risks, and resolutely guarded against the bottom line of major risks.
In addition, as the first batch of central enterprises to accept the central ecological and environmental protection inspectors, China Minmetals resolutely shouldered the main responsibility for the construction of ecological civilization, set up rectification and reform leading groups and working groups, quickly formulated rectification and reform plans, and set up problem lists, responsibility lists and task lists. carry out rectification and reform in a down-to-earth manner.
Guo Wenqing made arrangements for the key work in the second half of the year. He called on enterprises to correctly grasp the general trend of development and ensure that their thoughts and actions move forward firmly in the direction guided by the CPC Central Committee. It is necessary to implement the spirit of General Secretary Xi Jinping's important speech and better shoulder the mission and responsibility of "central enterprises as pillars of the national economy and ballast stones."
Guo Wenqing demanded that China's Minmetals enterprises at all levels should strengthen their confidence, go all out, and resolutely achieve the "general goal" of their tasks for the whole year. Enterprises at all levels should make ideological preparations and work preparations for long-term epidemic prevention and control, and further improve their ability to carry out work under the normal situation. Second, we must persist in stabilizing the word, keeping the line stable and going far, and reasonably stabilize the basic operating market. At present, the overall portrait of China Minmetals basic market is to maintain a team of 200000 people, stabilize its position in the top 100 of the world's top 500, and achieve the annual profit target of 20 billion yuan. It is necessary to deeply understand and firmly stabilize this basic market, and constantly consolidate the asset quality and development foundation of enterprises. Enterprises at all levels should find the correct position and define the basic strategic orientation in the strategic guidance of "three steps and doubling twice" and in the basic portraits; third, they should strive for progress in the midst of stability, cultivate new opportunities in the crisis, and open up a new situation in the midst of changes. It is necessary to find dividends in policies, stimulate vitality in the market, add impetus to innovation, and vigorously create an environment to encourage innovation. Fourth, around the "four beams and eight pillars" business system, we should constantly improve the level of operation and development of the main business. The metal mining industry should speed up the promotion of projects on hand with stable and high production; the metallurgical construction national team should re-excel and re-start a business; the trade and logistics business should speed up the transformation and adjustment; and the financial and real estate business should develop steadily and healthily. Fifth, we should focus on basic links and key tasks, and constantly improve the level of enterprise management. It is necessary to pay close attention to reducing costs, saving expenditure and increasing efficiency, pay close attention to the implementation of reform tasks, pay close attention to project schedule management, and do a good job in the rectification and reform of central ecological and environmental protection inspectors and production safety.
In his concluding speech, Tang Fuping fully affirmed the prevention and control of the epidemic situation and the resumption of work and production of China's Minmetals in the first half of the year. He pointed out: in the first half of 2020, China Minmetals resolutely implemented the spirit of General Secretary Xi Jinping's important speech and the decision-making arrangements of the CPC Central Committee, responded quickly to the orders, persisted in "grasping with both hands and hard with both hands," and started to resume work and production earlier. The resumption of work and production has been effectively transformed into the actual results of output and output value, and phased strategic results have been achieved in epidemic prevention and control and production and management. Enterprises have shown strong development resilience in the economic downturn environment, achieved more than half of the task progress, and fully completed various assessment tasks of the State-owned assets Supervision and Administration Commission (SASAC).
In 2020, China Minmetals also ushered in the 70th anniversary of its establishment in the complex situation of co-ordinating epidemic prevention and control and resumption of production. Over the past 70 years, China Minmetals has experienced two historical periods of planned economy and reform and opening up, and has always shared joys and sorrows with the great motherland in the numerous and complicated internal and external situations. from a metal mineral products import and export trade enterprise that does not produce one ton of ore, it has gradually grown into China's largest and most internationalized metal mineral enterprise group. Starting from a small hutong in Beijing, it has stepped onto the world stage of the metal mining industry. The current world political and economic pattern coincides with the "great change that has not happened in a century", at the historical intersection of the country's goal of "two hundred years", and in the important period when enterprises realize "three steps and double" in an all-round way. China Minmetals, which has a unique competitive advantage in the whole metal mining industry chain and global operation, has also encountered extremely complex and severe challenges with arduous tasks and heavy responsibilities.
Tang Fuping stressed that in the face of the current complex situation and tasks, China Minmetals should conscientiously study and understand and resolutely implement the spirit of General Secretary Xi Jinping's important speech on comprehensively promoting epidemic prevention and control and economic and social development, quickly unify thinking and action with the party Central Committee's scientific judgment and overall deployment of the situation, set development goals, maintain strategic determination, thoroughly implement the new concept of development, and adhere to high-quality development. Unswervingly become stronger, better and bigger, and take the actual results of enterprise development as the most realistic and direct test for the implementation of the "two maintenance", which really reflects that the "pillar" of a big country can "withstand" at a critical moment. The economic "ballast stone" is "stable" in a special period.
Tang Fuping made overall requirements for the work in the second half of the year. He pointed out that the short-term impact of the epidemic is currently weakening, but the epidemic has also accelerated the process of "anti-globalization," profound changes will take place in the international political and economic pattern, and profound changes will also take place in the industry market and competitive environment of China's Minmetals. This change is likely to run through the whole "14th five-year Plan". In the face of the "14th five-year Plan", when China is marching towards a critical period of basically realizing socialist modernization and Minmetals is building a world-class enterprise, enterprises should proceed from the overall situation and always aim at high-quality development. we will continue to do a good job in the two long-term topics of structural optimization and reform and innovation, and constantly enhance competitiveness, innovation, control, influence and anti-risk ability.
He stressed: in the second half of the year, China Minmetals should adhere to the general tone of "striving for progress in the midst of stability" and adhere to the annual business targets and tasks. Enterprises at all levels should live up to expectations and stand the test, give full play to the main role of the market, consolidate target responsibilities, transmit operational pressure at various levels, rigidly implement contractual assessment tasks, and complete all kinds of work of reform and development with high quality. Party organizations at all levels should fully implement the requirements of the principal responsibility for administering the party strictly, implement the responsibility system for party building work, and turn the results of party building into development achievements. Managers at all levels should know how to bear the heavy load, stand the test, earnestly enhance the ability to deal with the crisis and resolve the crisis, grasp the real ability of production, operation and management, and the true ability of strategic planning and development in the changing situation.
At the end of the meeting, emphasis was placed on doing a good job in flood fighting, rescue and disaster relief work. The meeting pointed out that recently, the country has entered a critical period of "seven under eight" flood control, the situation of flood control and disaster relief is very grim, China's five mining sites have a long line and a wide range of areas, and the safety of personnel and assets of some enterprises and projects have been severely challenged. It is necessary to thoroughly implement General Secretary Xi Jinping's important instructions, always adhere to the supremacy of the people and life, and enterprises at all levels should consolidate their responsibilities and have the courage to shoulder them. It is necessary to strengthen the inspection and investigation of key areas, key industries, key enterprises, and weak links, such as tailings reservoirs, construction, and dangerous chemicals; strengthen monitoring and early warning, strengthen material preparation, and formulate targeted pre-plans; do a good job of 24-hour emergency duty in flood season, and ensure that dangerous situations are discovered, dealt with, and reported in time.
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