Jinhang Titanium Industry has achieved good Economic benefits

In the first half of the year, Jinhang Titanium Industry deeply implemented the new development concept, actively integrated into the new development pattern, closely around the requirements of China Color Oriental development strategy, and committed to building a new type of science and technology enterprises. the company stimulated the vitality of its employees through deepening reform and realized a profit of 5 million yuan. for the first time since it was put into production in 2009, the results of the reform gradually appeared, and the reform dividend was released at an accelerated pace.

In October 2020, Xi Zhengping, party committee secretary and chairman of China Nonferrous Group, went to Jinhang Titanium Company for on-site research and guidance, stressed that the company should overcome technical difficulties, solve practical industrial problems, and keep a close eye on the military market. Focus on promoting the healthy development of the titanium industry. The main leaders of China Color Oriental personally supervised the key work of the titanium industry of Jinhang, the strong support of functional departments, equity incentives and other reform measures were implemented on the ground. driven by various favorable conditions, all cadres and workers in the titanium industry of Jinhang were in high spirits and made concerted efforts to achieve the "acceleration" around the business target for the whole year.

Seize market opportunities and enhance competitiveness. Pay close attention to the annual sales plan, seize high-quality contracts, strengthen communication with key customers, and strive to win incremental orders from old customers. Military sales business has maintained a momentum of sustained growth, with important-use contracts increasing by 90% in the first half of the year compared with the same period last year; at the same time, strengthen the trend analysis of sponge titanium raw materials, and decisively lock the price when the product raw materials are low, laying a foundation for increasing profits. Among the 16 categories of products sold this year, the gross profit contribution of niobium, titanium and titanium alloy products is going hand in hand. We will strengthen scientific research to tackle key problems, and achieve remarkable efficiency through innovation. Taking the "military writ" as an important starting point, set up a technical research team to optimize and improve the process, the yield of niobium-titanium alloy products for superconductivity increased by 4% compared with last year's average yield, the unit manufacturing cost decreased by 28% compared with the same period last year, and the cost decreased significantly, effectively hedging the profit reduction impact brought about by the appreciation of the RMB. Relying on the "military writ" to tackle key problems, the process improvement work of "increasing yield and reducing cost" was organized and carried out. The melting and casting workshop adopted fine operation measures such as ending smelting to reduce electrode plates, and the yield of four types of ingots increased by 1.2% on average; by increasing return forging in high temperature areas, the forging workshop reduced the number of fires and grinding, and the average yield of six major products increased by 3.6%, with a total efficiency of nearly 2 million yuan.

Pay close attention to scientific and technological innovation and cultivate new momentum. Rely on the technical team to closely focus on the market demand for research and development, and strive to increase the categories of superior products and train new economic growth points; Among the five internal and external projects currently in operation, the high-strength and thin-walled precision titanium alloy strip has mastered and optimized the process through four rounds of process tests, providing a total of 620 kilograms of qualified samples. at present, the problems of surface "white spot" and roughness interval control are being solved to achieve batch shipment in the third quarter. Titanium-aluminum-niobium alloy bar for additional material manufacturing has successively broken through the difficulties of melting, casting and forging process, provided 430 kg of samples to users, passed the evaluation test, received 2 tons of new orders, and is expected to exceed the design target of the project. the 100 kg sample order of high-performance titanium alloy tube has passed two rounds of process tests, and the products that meet the requirements of users have been prepared and sent to users for follow-up test and evaluation.

We will deepen reform and stimulate internal vitality. Since the beginning of this year, China Oriental has decided to use Jinhang titanium industry as a pilot project to implement equity incentives. In the implementation of equity incentives, set up a special performance award, the incentive object can be based on their investment behavior and the special contribution to the development of the company to obtain the special performance award, including the achievement of corporate performance goals and personal assessment goals. Through the implementation of equity incentive policy, the company can further mobilize the enthusiasm and creativity of technical and management personnel, make excellent managers and technical personnel "retain", enhance the company's core competitiveness, improve the benefit-sharing and risk-sharing mechanism among employees, companies and shareholders, and fully mobilize the initiative and enthusiasm of the core backbone.

Optimize the company structure and improve the management level. Conscientiously implement the "Sanding" work requirements, adjust and reduce the auxiliary management staff, so as to make the post workload more reasonable; According to the changes in production, revise the company's performance appraisal system, implement the "ladder system" output performance appraisal, encourage the production workshop to achieve stable production and overproduction to achieve the target task, and implement the "double incentive" system for overproduction, so as to constantly stimulate the vitality of workers and improve efficiency. In the first half of the year, the output of the melting and casting workshop increased by 145% compared with the same period last year, and the output of the forging workshop increased by 57% compared with the same period last year. Plan in advance around the key work in the aspects of process preparation, spare parts reserve, equipment maintenance, etc., to ensure the reliable delivery of important use orders and the continuity of production. The pilot project of single-row examination is carried out in "one post, one department", and the piece-by-piece examination is carried out in the melting and casting machine plus posts. when the number of machining posts is reduced by 3, the monthly machine increase is close to that before reduction, and good results are obtained. Make full use of the group's special award policy to reduce losses and increase profits, set up special key areas "development awards" and "benefit awards" for sales staff in the marketing department, and significantly improve the quantity and quality of orders, laying a foundation for the company's continued profitability.

The study and education of party history will promote the development of the company. Since the launch of the party history study and education, Jinhang titanium industry has effectively transformed the learning results into work motivation and work achievements by strengthening thematic learning and carrying out reading class activities, studying history and focusing on goals, tasks and key work. Highlight the leading role of party building, lead the company not to forget the original ideal and ambition, bear in mind the mission, strengthen the will, cheer up the spirit, actively seize the market opportunity, and strive to resolve the contradictions and problems in the production and operation work, with the "1x N" model, realize the effective integration of party building and business work, and provide political guarantee for the healthy development of the company.

Jinhang titanium industry has made remarkable achievements, and the cruel market has honed their strong and unyielding will, harmonious and warm environment and nutritious soil, nourishing their infinite potential for continuous exploration and innovation and enterprising courage.