Shougang Group held an economic activity analysis meeting for the first half of 2025, anchoring the "six tasks" and repeatedly charging forward to ensure the completion of the annual budget target tas

On July 18th, the Shougang Group held an economic activity analysis meeting for the first half of 2025, summarizing the economic operation situation in the first half of the year, analyzing and identifying shortcomings, weaknesses, and bottlenecks, arranging and deploying work for the second half of the year, mobilizing all cadres and employees to build confidence, work hard, complete the annual target tasks, and contribute to the successful conclusion of the 14th Five Year Plan. Zhao Mingge, Secretary of the Party Committee and Chairman of the Group, delivered a speech. Qiu Yinfu, Deputy Secretary of the Party Committee and General Manager of the Group, presided over the meeting. Group leaders Zeng Li, Wang Shizhong, Wang Jianwei, Zhu Guosen, Yao Zhigang, Sun Weizhuang, Jiang Nan, Jin Hongli, Zhao Tianyang, Zou Libin, and Wu Jinmei attended the meeting.

At the meeting, the deputy general managers of the group, Zhu Guosen, Wang Jianwei, Wang Shizhong, Jiang Nan, and Zhao Tianyang, successively conducted business reports on their respective business sectors. The group's chief accountant, Sun Weizhuang, summarized and commented on the group's business situation in the first half of the year. The Strategic Development Department, Operations and Finance Department, System Optimization Department, and Technology Research Institute of the Group have successively reported on the implementation of relevant work in the first half of the year and the work arrangements for the second half of the year; Special presentations will be given by Shougang Jingtang, Shougang Engineering, Shougang Mining Investment, Shougang Fund, Shougang Water Steel, and Shougang Real Estate.

Regarding the special report, Zhao Mingge commented that the cases of the six units not only share successful experiences but also cases where business results fall short of expectations, which have reference value for other units. To learn from the experience of Shougang Jingtang Technology Innovation, Shougang Engineering Breakthrough, Shougang Mining Investment Management Innovation, and Shougang Fund Business Model Innovation; We should also learn from the unexpected communication between Shougang Water Steel and Shougang Real Estate, focus on basic management, and enhance operational management capabilities.

Zhao Mingge pointed out that in the first half of the year, facing the severe and complex market situation, the vast number of cadres and employees actively practiced the "one leading and two integrating" policy, adhered to the "eight emphases" business policy, followed the "three laws" to run enterprises, worked hard and forged ahead, ensuring a good start to the first quarter as scheduled and achieving "double over half" in the first half of the year, laying a solid foundation for the successful conclusion of the 14th Five Year Plan. The characteristics of operation in the first half of the year are mainly reflected in "five aspects": technological innovation drives product structure optimization, and comparative competitive advantages are further consolidated; Management innovation supports efficiency improvement and makes business performance more resilient; Business model innovation enhances value creation and ensures more sustainable development quality; The development level of the park has achieved a new leap, and positive progress has been made in "one highland and one fulcrum"; Deepening the reform of state-owned enterprises and improving the work style of cadres and employees has played a decisive role in promoting the work in the first half of the year.

After analyzing the bottlenecks, weaknesses, and bottlenecks in economic growth, capital operation, asset quality, and other aspects, Zhao Mingge emphasized that in the face of the still heavy and arduous tasks in the second half of the year, we must actively adapt to market changes, find opportunities in market structural changes, find growth points in facing and solving problems in enterprise development, promote stable and positive development of enterprises while adhering to established business policies, enhance the sense of security and happiness of employees and the masses, and ensure the completion of the annual budget target tasks with solid and effective work.

First, we must firmly grasp the primary task of high-quality development, anchor the annual budget target and repeatedly charge forward. The challenges posed by the market situation and the task of cost control have always been the difficulties we face. The key lies in whether we can attack and win, ultimately seizing market share. In the second half of the year, facing a complex and severe market environment, we must maintain the "two constants", unchanged business tasks and budget indicators, and unchanged business policies of "eight focuses". We must firmly grasp the primary task of high-quality development, analyze the situation and problems more objectively and fully, adhere to the principle of "doing while calculating, doing while calculating", continuously transform technological and management advantages into competitive advantages, use the certainty of internal work to hedge the uncertainty of the external environment, and strive to achieve the annual target tasks.

Second, we must firmly grasp the strategic path of "one leading and two integrating", anchor the requirements for the development of new quality productive forces, and repeatedly charge forward. The development of new quality productivity in enterprises means constantly moving towards the path of high-tech, high-efficiency, and high-quality development. The path of "one leading and two integrating" is the way for Shougang to develop new quality productivity, which should be integrated throughout the work. We need to accelerate the pace of technological innovation, make breakthroughs in key core technologies, and create our own diamond; We need to accelerate the pace of management innovation, adhere to prioritizing the allocation of the most important investment and talent resources towards the "four strategic directions", especially when planning for the "15th Five Year Plan" work, we should pay attention to finding our own growth mechanism, development opportunities, and industrial development confidence; To accelerate the pace of business model innovation, find a profit model that suits oneself, pursue profitable income and cash flow profits, and ensure the achievement of the annual revenue target.

Third, we must firmly grasp the established business policy, anchor continuous improvement of asset quality, and repeatedly charge forward. In terms of improving asset quality, we must continue to work tirelessly and not have the idea of taking a breath or resting our feet. Improving asset quality should be taken as the testing standard for implementing the "Eight Emphases" business policy. We need to intensify efforts to implement the "Three Ones" debt restructuring work and further reduce interest bearing liabilities; We need to strengthen the control of the "two funds" from the perspective of survival and development, and establish a robust risk prevention system; We need to strengthen the governance of operating loss making enterprises and insolvent enterprises, adhere to exit as a productive force, and lay a solid foundation for a good start to the 15th Five Year Plan.

Fourth, we must firmly grasp the mission of "one high ground, one fulcrum" and anchor the "two abilities" to enhance our repeated charge. The development and construction of Shougang Industrial Park has a great responsibility and a glorious mission. Currently, the development positioning and industrial positioning are clear, ushering in unprecedented major development opportunities. The development of the park has reached a new level. We must fully implement the decisions and arrangements of the Municipal Party Committee and Government, seize the opportunities of the coordinated development of "two parks and one river", complete the service guarantee work of "one meeting, one site" for the Service Trade Fair with high standards, plan and construct the exhibition town, accelerate the implementation of relevant policies and measures for the Beijing Future Digital Space Innovation Pilot Zone, continuously improve the "two capabilities", and achieve healthy and sustainable development of the park.

Fifth, we must firmly grasp the responsibilities and missions of state-owned enterprises, anchor the reform action plan, and repeatedly charge forward. We must complete all tasks related to the deepening and upgrading of state-owned enterprise reform with quality and on time. To fully implement the requirements of state-owned asset supervision, corporate governance should operate in a standardized manner, strengthen the institutionalization and long-term effectiveness of market-oriented operation mechanisms, further enhance risk control and compliance management, fully integrate compliance management into all aspects of enterprise operation and management, and firmly guard the bottom line of risk prevention and control.

Sixth, we must firmly grasp the overall requirements of Party building in the new era, anchor the requirements for various tasks of comprehensively and strictly governing the Party, and repeatedly charge forward. We must continue to promote the in-depth implementation of the spirit of the Central Eight point Regulation in learning and education, deepen the concentrated rectification of unhealthy practices and corruption around the masses, and use a good work style to unite and work towards entrepreneurship. We must solidly carry out the inspection and rectification work, making the rectification process a process of promoting the steady development of production and operation, and providing strong guarantees to ensure the completion of the annual budget target tasks.

Zhao Mingge also put forward clear requirements for ensuring the service of major events, preparing the "15th Five Year Plan", and ensuring safety and flood prevention.

Qiu Yinfu emphasized the need to conscientiously implement the spirit of this meeting, unify thinking, strengthen confidence, accurately understand and grasp the current work tasks and specific requirements of Shougang's development, further refine work measures, and effectively implement the spirit of the meeting. Party organizations at all levels should tighten their responsibilities, adhere to the principle of "two hands and two promotions", continue to consolidate the achievements of learning and education, do a good job in rectifying inspection and patrol problems, and concentrate the wisdom and strength of the majority of employees with a good work style. They should firmly anchor the goals and tasks set at the beginning of the year, adhere to the "eight focuses" business policy, ensure the successful completion of various goals and tasks this year, and provide strong support for the successful conclusion of the group's "14th Five Year Plan" and the good start of the "15th Five Year Plan".

The heads of various departments at the headquarters of the group, as well as the heads of various platform companies and their subordinate units, directly managed units, and relevant department heads, attended the meeting at the main venue and video sub venue respectively.