Riding a horse and unleashing its whip to fulfill its mission, embarking on a new journey like a rainbow in the first battle | Gitane achieves a "good start" in the first quarter of 2026

Recently, Beijing Shougang Gitane New Materials Corporation held a business activity analysis meeting for the first quarter of 2026. The meeting comprehensively reviewed the production and operation work of the first quarter, systematically analyzed the current industry development situation and enterprise operating results, and specially arranged and deployed more than half of the time and more than half of the key business tasks. In the first quarter of 2026, Gitane Company successfully achieved the established targets of "good start", realizing revenue, industrial output value, and profit. All operating indicators improved year-on-year and month on month, setting a record for the best performance in the first quarter since the company's relocation in 2001. This ensured a good start for the company's "15th Five Year Plan" and laid a solid foundation for high-quality development of the enterprise.
Members of the company's leadership team, functional department heads, and production operation area leaders attended the meeting, and various units made exchanges and speeches on business operations, production efficiency improvement, market expansion, and other work. Li Gang, the company's Party Secretary and Chairman, attended the meeting and delivered an important speech.

Li Gang highly recognized the achievements of various departments and work areas in the first quarter at the meeting. The "good start" of this quarter is a hard core result achieved by the company under the background of multiple challenges and dual line combat pressure, presenting five distinct characteristics:
The first is to plan ahead and deploy early, and take effective measures to tackle challenges. As early as early December last year, the company made a mobilization deployment for the opening ceremony in conjunction with the closing work of 2025, focusing on core work such as quality control and ultra-low cost control in advance. All measures were implemented and effective, laying a solid foundation for the smooth realization of the opening ceremony.
The second is the combination of multiple challenges, achieving dual victories in dual line operations. In the first quarter, we faced the objective constraints of a long Spring Festival holiday and the shortest effective working hours in previous years. At the same time, we coordinated the promotion of the shareholding system reform and the "good start" of the first quarter. All cadres and employees pressed forward and made efforts in both directions, achieving remarkable results in the simultaneous progress of the two core tasks.
The third is to further optimize the variety structure, making the profit foundation more stable. The variety structure of contract orders and production deliveries in the first quarter reached the historical best level, and the proportion of high value-added products continued to increase, laying a solid foundation for exceeding profit targets.
The fourth is the hard realization of business indicators, with performance reaching a new high for the same period. The first quarter's various business indicators not only successfully achieved the established goal of a good start, but also set the best level of first quarter business performance since the company's relocation in 2001.
The fifth is to promote the special work together and continuously enhance the development momentum. The mid maintenance of the heating furnace in the first quarter was successfully completed, and the electric fitter merged to establish a maintenance center. The professional level of equipment operation and maintenance has steadily improved; Significant progress has been made in digitalization and automation transformation, and initial results have been achieved in improving human efficiency; In the first stage of deepening reform, comprehensive mobilization and deployment will be carried out, personnel at all levels will undergo ideological and work style changes, and various deep reform work will be carried out in an orderly manner.
Unite as one! This transcript was compiled by all Gitane people
Li Gang stated that the achievement of a "good start" in the first quarter is entirely the result of the concerted efforts and hard work of all cadres and employees. It is the result of the integrated operation and coordinated efforts of the entire company under the leadership of the company's party committee.
The market competition has taken the initiative to compete for orders, fully leveraging the leading role of contract orders in driving production and operation; The manufacturing department coordinates the overall situation and scientifically schedules production, ensuring efficient and smooth operation of the entire production process; The accurate planning and precise control of the finance department provide solid financial support for improving the quality and efficiency of operations; The refining and rolling operation area ensures quality, quantity, and supply, fully guaranteeing the optimization of variety structure and the reserve of rolled bars; The wire drawing operation area strives for excellence and quality improvement, achieving high-quality delivery of all categories of coarse wire, fine wire, and strip; The diversified efforts and efforts of the business unit have made beneficial supplements to the improvement of business performance; The close collaboration and full support of various professional departments such as equipment, quality, and safety have formed a powerful force of unity, joint management, and concerted efforts.
Anchor the target! Six key work deployments to win the annual development
Grades represent the past, while hard work determines the future. Li Gang emphasized that the time scale marks the coordinates of development and outlines the journey of struggle. A good start to the first quarter is just the first step in the journey of the whole year, and the results of the first quarter are a new starting point for the operation and long-term development of Gitane throughout the year. The current market situation is still severe, and development challenges cannot be underestimated. All cadres and employees must always maintain strategic clarity and not slack off for a moment. Li Gang put forward six clear requirements regarding the key work for the second quarter and the whole year:
1. Anchor the development map and accurately seize development opportunities
We should take the 61st training session (energy security and new energy opportunities) as our development guide, deeply grasp the industry opportunities brought by energy transformation, and focus on six core tasks: precise market expansion, technological innovation value realization, extremely low cost control, digital automation transformation, production and manufacturing internal strength tempering, and high load production quality control. We should implement them one by one. Each responsible leader and the centralized control center should supervise the entire process and implement closed-loop measures to ensure that all measures are effective and practical.
2. Implement the "10+1" initiative and comprehensively enhance production and delivery capabilities
We must firmly grasp the development opportunities of photovoltaic+energy storage, oil thermal recovery efficiency improvement, gas to electricity conversion, hydrogen energy, nuclear power and other fields under the promotion of "energy security", and strictly implement the 10 key tasks of improving production and delivery capacity. All relevant units must fully implement the "10+1" work, seize market opportunities with high-quality stable production and high-quality product delivery, and build a strong competitive advantage.
3. Deepen the quality audit loop and build a solid foundation for the development of enterprises
'High quality stability, high-quality delivery' is not just a slogan, it is the foundation of Gitane's business development. This requires real and hard work, and all cadres and workers need to be honest, down-to-earth, and lead by example, working diligently with the spirit of craftsmanship, without any empty achievements. We need to comprehensively coordinate and deploy the system, and carry out quality research and audits throughout the entire chain of process technology, production operations, management systems, and tooling equipment in a pragmatic manner. The problems identified should be classified and sorted according to operational, management, and improvement categories, and managed by both the Party committee and the management team. Monthly evaluations and closed-loop effectiveness should be carried out to ensure that no troops are withdrawn until the problems are solved, and no problems are eliminated if rectification is ineffective.
4. Strictly implement and achieve results, steadily promote the first stage of deepening reform
We must strictly follow the deployment of the deepening reform plan, coordinate the efforts of each responsible leader and the centralized control center, compare the division of responsibilities at all levels, and ensure the effective implementation of the first stage of the deepening reform plan. On April 20th, the centralized control center will officially operate in a centralized manner, gradually improving the operational mechanism and optimizing the management mode to enhance operational efficiency.
5. Strengthen top-level design, coordinate and plan the second stage of deepening reform
Led by the company's party committee and coordinated by various professional departments, we will comprehensively promote the core tasks of the second stage of deepening reform, such as optimizing the enterprise functional system, extending the industrial chain, reforming the science and technology innovation mechanism of the Electric Heating Research Institute, and reforming income distribution. We must deeply understand that if business and innovation are far away from the market, and management is far away from the workshop site, it will lose its vitality. We need to use the vitality of organizations and mechanisms to thoroughly break through the closed-loop efficiency system of "market venue site", comprehensively enhance the integrated combat capability, and create an irreplaceable core competitiveness for enterprises.
6. Refining core competencies and making "innovative leadership" and "digital leadership" standard for cadres at all levels
We must make every effort to promote data collection, on-site large screens MES、ERP、CRM、PLM、HR、 Fully normalize the operation of digital systems such as large models, thoroughly break down data barriers between various systems, and achieve integration and connectivity; Management personnel at all levels should proficiently use digital tools to carry out management work, implement weekly scheduling and strict control of production line automation projects and 11 process upgrade projects to ensure effective implementation. We must make every effort to promote the transformation of management mode from "passive management" to "active planning and guidance", from mechanical passive execution to directed leadership with active planning, and lead the high-quality development of enterprises with hardcore innovative leadership and digital intelligence leadership.

Li Hongli, Deputy Secretary of the Party Committee and General Manager, presided over the meeting and represented the company to summarize and analyze the business activities of the first quarter. He emphasized that we must always maintain strategic clarity and not be arrogant or impatient. We should be good at seizing national policy opportunities, adhere to the principle of "asking" in the market and "falling" on the spot, be good at seizing opportunities in the structural changes of market demand, and strive to transform positive factors from all aspects into development achievements. We must always have firm confidence in development, inherit and develop successful experiences, prioritize promoting high-quality development of enterprises, and prioritize improving operational and asset quality.
Exchange and Speech - Experience Sharing

Yao Wencong, First Deputy Minister of the Marketing Department

Wang Zhiqiang, Secretary of the Party Branch and Chief of Operations in the Refining and Rolling Operation Area

Xiao Xiaofeng, Secretary of the Party Branch and Chief of Operations in the Wire Drawing Operation Area

Yang Zhi, First Vice President of the Electric Heating Research Institute

Fan Tao, Deputy Director of the Industry Chain Extension Division
To achieve victory in the first battle, it is even more important to ride a horse and whip, and to bravely lead the way on a journey of thousands of miles. Standing at the historic new starting point of the 70th anniversary of the factory and the stock reform, all Gitane employees must adopt a "proactive, responsible, serious, and pragmatic" style, seize the opportunity, continue to tackle challenges, and strive to achieve the annual task goals, writing a new chapter of high-quality development with practical achievements!
