The net profit of Benxi Iron and Steel Co., Ltd. in 2021 increased by 550.77% compared with the same period last year. Pig iron output decreased 2.3% compared with the same period last year. Crude steel increased by 1.24%.

Benxi Steel recently released an updated version of the 2020 annual report. Data in the annual report show that Benxi Steel's operating income in 2021 was 77.912 billion yuan, an increase of 60.03 percent over the same period last year, and the net profit of shareholders belonging to listed companies reached 2.501 billion yuan, an increase of 550.77 percent over the same period last year.

Benxi Steel said that the company's main business and business model remained unchanged in 2021, but the company seized the favorable opportunity of Saddle Ben reorganization in 2021 to carry out three-year action on state-owned enterprise reform and three system reforms in order to achieve the goal of "five promotions and two reductions", conscientiously implement the "5-year 1" work pattern and "1-year 4" key tasks, continue to promote the reform and innovation of the management mechanism, and carry out the "general plant system". Continuously improve the management efficiency and efficiency, build a technological innovation system, create innovative platforms such as "Liaoning Benxi Iron and Steel Industry Industry-University-Research Alliance", and implement the "R & D personnel science and technology project delisting system" to achieve accurate incentives. Continue to carry out in-depth exchange of standards, adhere to the direction of market-oriented reform, all work has achieved more gratifying business results.

Benxi Iron and Steel Co., Ltd. is mainly engaged in the business of iron and steel smelting, Calendering, power generation, coal chemical industry, special steel profiles, railways, import and export trade, scientific research, product sales, etc., and introduced the world's advanced equipment technology to upgrade the main iron and steel industry. basically built a high-quality steel base, formed more than 60 varieties, more than 7500 product series, the proportion of high value-added and high-tech products reached more than 80%. Leading products such as automobile watch panels, home appliance panels, oil pipeline steel, container plates and ship plates are widely used in automobiles, home appliances, petrochemicals, aerospace, machinery manufacturing, energy transportation, building decoration and metal products and other fields. and exported to more than 60 countries and regions.

In 2021, Benxi Steel completed 9.838 million tons of plate pig iron, down 2.3 percent from the same period last year; crude steel completed 10.438 million tons, an increase of 1.24 percent over the same period last year; hot-rolled plates completed 13.217 million tons, an increase of 8.02 percent over the same period last year; cold-rolled plates completed 6.1078 million tons, an increase of 8.1 percent over the same period last year; special steel products completed 622000 tons, down 13.7 percent from the same period last year.

With regard to the production and operation target for 2022, Benxi Steel said that it will strive to achieve 10.59 million tons of pig iron, 11.29 million tons of crude steel, 14.5 million tons of hot-rolled plate, 6.3 million tons of cold-rolled plate and 340000 tons of special steel.