The net profit of Hangzhou Iron and Steel Co., Ltd. will increase by 44.40% in 2021 compared with the same period last year. The operating income target for 2022 is 50 billion yuan.

The 2021 annual report of Hangzhou Iron and Steel Co., Ltd. was released on April 9. the main financial data show that Hangzhou Iron and Steel shares achieved operating income of 49.961 billion yuan in 2021, an increase of 51.92% over the same period last year, and the net profit of shareholders belonging to listed companies reached 1.641 billion yuan, an increase of 44.40% over the same period last year. It maintained positive growth for the whole year of 2021, and its operating income and net profit decreased significantly in the fourth quarter.

In 2021, the company will fully seize the market opportunity, adhere to the "low-cost, high-efficiency" business strategy, closely strengthen the iron and steel industry, promote the development of the digital economy industry as a whole, and hand in high-score reports on production and operating performance. In the whole year, a total of 1.0867 million tons of coke, 3.8327 million tons of hot metal, 4.0536 million tons of slab and 3.98 million tons of hot coil were produced, and the whole plant generated 988 million kilowatt-hours of residual energy.

In addition, Hangzhou Iron and Steel Co., Ltd. has continuously deepened the "1N1 + α" product strategy, developed 21 new products in the whole year, expanded 524400 tons of new products, and increased efficiency of new products reached 39.3131 million yuan.

As a shareholding enterprise, Hangzhou Iron and Steel Co., Ltd. is engaged in the business carried out by subsidiary companies such as Ningbo Iron and Steel Co., Ltd., Hangzhou Iron and Steel Co., Ltd., Zhejiang Cloud Computing and other subsidiaries. Hangzhou Iron and Steel Co., Ltd. belongs to the iron and steel industry, the main business is the production and sales of iron and steel and its Calendering products, the business model is based on self-production and sale, in addition to some raw materials and steel trade. The company's main products are hot rolled coil, and the consumer industries are cold rolling, construction steel (steel structure), container manufacturing, pipeline manufacturing, automobile manufacturing, shipbuilding, knife mold and other industries.

Ningbo Iron and Steel, a subsidiary of Hangzhou Iron and Steel Co., Ltd., currently has two blast furnaces of 2500 cubic meters, with a total pig iron production capacity of 4 million tons, three converters with a total crude steel production capacity of 4.41 million tons, and a 1780mm hot continuous rolling production line with a steel production capacity of 4 million tons. The main products of Ningbo Iron and Steel are hot rolled coils, which are mainly used in engineering construction, home appliances, automobile structures, containers, mechanical processing, etc. The products are mainly sold in Zhejiang, radiating Shanghai, Jiangsu, Guangdong and other regions.

The production and operation goal of Hangzhou Iron and Steel Co., Ltd. in 2022 is to achieve operating income of 50 billion yuan, 4.25 million tons of hot metal, 4.4 million tons of slab and 4.3 million tons of hot coil.