The performance of Baotou Iron and Steel Co., Ltd. increased by 201.05% to 799.11% in 2021 compared with the same period last year.

Baotou Iron and Steel Co., Ltd. previously announced that the company expects to achieve net profit of 2.44 billion yuan to 3.65 billion yuan belonging to shareholders of listed companies in 2021, an increase of 201.05% to 799.11% over the previous year.

The net profit in the first quarter was 734 million yuan, the cumulative net profit in the first half of the year was 2.768 billion yuan, the net profit in the third quarter was 1.013 billion yuan, and the cumulative net profit in the first three quarters was 3.778 billion yuan.

According to the previously released operating data report, Baotou Steel produced 1.105 million tons of pipe in the first three quarters, with sales of 1.1814 million tons, plate production of 6.8668 million tons and sales of 7.0916 million tons, profile production of 1.3578 million tons and sales of 1.4354 million tons, and wire and bar production of 1.9703 million tons and sales of 2.139 million tons. The output in the first three quarters remained good.

When analyzing the reasons for the pre-increase in performance in 2021, Baotou Iron and Steel Co., Ltd. said that in 2021, the iron and steel and rare earth industries are running well, the prices of steel and rare earths are higher than the same period last year, and the company seizes the market opportunity and aims at high-benefit development. actively respond to the impact of rising prices at the end of raw materials and the downward pressure on the iron and steel market in the fourth quarter, constantly innovate and optimize production organization, increase cost reduction and increase efficiency, and vigorously adjust the product structure. Continuously improve the level of operation and management and the level of efficiency, profitability is significantly enhanced, and business performance in 2021 increased significantly compared with the same period last year.

According to the previous announcement, Baotou Steel Co., Ltd. invested in Tianjin Baotou Steel North China Iron and Steel sales Co., Ltd., Baotou Steel South China Iron and Steel sales Co., Ltd., Baogang Northwest Iron and Steel sales Co., Ltd., Baogang Southwest Steel sales Co., Ltd., Baotou Steel Huazhong Iron and Steel sales Co., Ltd., and other five companies in order to promote the company's product sales at the beginning of 2021.

At the same time, Baotou Iron and Steel Co., Ltd. has also signed a "rare earth concentrate supply contract" with Northern rare Earth, and plans to adjust the sales price of rare earth concentrate from January 1, 2021, so as to ensure the stability and continuity of the company's mineral resources development and profits.

In addition, Baotou Steel has an active layout in the iron and steel business sector. in June 2021, Baotou Steel signed a cooperation framework agreement with Baowu carbon material Technology Co., Ltd., relying on existing coking resources, in order to further develop deep processing products, to achieve the transformation and upgrading of the coking industry, it is proposed to jointly invest in the construction of 300000 tons of tar deep processing project with Baowu carbon materials. In August, Baotou Steel Co., Ltd. and Baoshan Iron and Steel Co., Ltd. carried out cooperation in steel pipe, signed a cooperation framework agreement, and made joint efforts to optimize the allocation of resources, achieve business focus and improve the level of professional management.

Baotou Iron and Steel Co., Ltd. is the largest listed iron and steel company in western China. At present, it has a supporting capacity of 17.5 million tons of iron, steel and materials, and the overall equipment level has reached the international first-class level, forming a production pattern of four high-quality lines of "plate, pipe, rail and line". In terms of plate, it has CSP, wide and thick plate, international advanced 2250 mm hot continuous rolling and supporting cold rolling and galvanizing production lines, with a production capacity of 9.7 million tons, which is the largest plate production base in the central and western regions; seamless steel pipe, with a diameter of 159mm, 460mm and other five seamless pipe production lines with a production capacity of more than 1.7 million tons, is one of the seamless pipe production bases with the most complete varieties and specifications in China. In terms of heavy rail profiles, it has two advanced large-scale universal steel rolling production lines and waste heat quenching production lines with a production capacity of 2.1 million tons, which is the high-speed rail production base with the highest equipment level and the largest capacity in the world; in terms of wire rod, it has five production lines such as wire bar and strip steel with a production capacity of 3.2 million tons, which is an important high-end bar production base in northwest China.