Shougang promotes the transformation of development quality towards higher efficiency, resilience, and sustainability
In the fiercely competitive situation of the steel industry, Shougang Group has developed new quality productivity according to local conditions, honed the "internal strength" of adhering to the essence of the enterprise, always put promoting high-quality development of the enterprise as the top priority, and always put improving the quality of management and assets as the top priority, continuously strengthening its strength and bones, and promoting the transformation of development quality towards higher efficiency, resilience, and sustainability.
——Shougang's high-strength, lightweight, long-life, and corrosion-resistant automotive sheet products have been put into the market, reducing carbon emissions by 1.02 million tons per year for downstream users;
——The low-noise oriented silicon steel used in Shougang's new energy transformers reduces noise by 3-4 decibels compared to traditional products, equivalent to moving from a city street to a living room;
——Shougang's tin plating continuously breaks through the thickness design limit, expanding production specifications to 0.119-0.6 millimeters, and achieving key technological breakthroughs in high-end sheet metal;
——The benefits of Shougang Energy's steel, bridge steel, ship plate and offshore steel products have significantly improved, and significant achievements have been made in building the fourth largest strategic product of medium and thick plates……
If the road is blocked and long, then the journey will come. With firm determination, innovative thinking, and pragmatic actions, Shougang has demonstrated strong business resilience in a complex market environment and embarked on a unique path of high-quality development.
Adhere to innovation leadership
Building a comparative competitive advantage
Shougang adheres to the principle of "one leading and two integrating", continuously expands and enriches its innovation epistemology and methodology, and effectively outputs and realizes value, making innovation the "golden key" for Shougang to break through development bottlenecks, a new business card for Shougang's innovation and development in the new era, and a strong engine for Shougang to embark on a new journey of high-quality development and achieve steady progress.
Products not only affect the survival and development of enterprises, but also impact their brand image and social responsibility. The domestic market share of automotive panels remains among the top three, becoming the largest supplier to major domestic automotive brands such as BMW, BAIC, and Great Wall Motors. Focusing on the national development strategy of new energy vehicles, electric steel is used for the drive motors of new energy vehicles, and the product application achieves full coverage of global leading enterprises in new energy vehicles. One out of every three new energy vehicles in China is equipped with "Shougang core". Tin plated sheet products have broken through technological barriers, and DI materials have successfully entered the US market; Cicada wing steel is used for the production of cultural and creative products such as postcards for the 20th National Congress of the Communist Party of China and admission notices for Peking University of Science and Technology. In the field of major engineering, Shougang Bridge Steel supplies national key projects such as Jinsha River Grand Bridge, Nujiang Grand Bridge, and Changtai Yangtze River Bridge, while offshore wind power steel supplies offshore wind farms such as Jiaozhou Bay in Shandong Peninsula and Qingzhou in Guangdong Province. Medium and thick plates have taken solid steps in building Shougang's fourth strategic product.
As an important component of enterprise innovation, production process innovation can significantly improve the production efficiency and product quality of enterprises. In the first half of the year, Shougang Technology Research Institute, in conjunction with various production bases, focused on the "four manufacturing" and independently developed the "intelligent scheduling decision system for precision machining processes based on large models". The accuracy of unit allocation exceeded 99.2%, and the compliance rate of scheduling rules reached 100%; Conducting research on key technologies for efficient consumption reduction before iron production at Shougang Group, and implementing technologies such as high proportion pellet smelting; High manganese steel smelting was achieved for the first time at Shougang Jingtang, with good surface quality of the products; For the first time, more than 55% of the scrap steel was poured in 9 consecutive furnaces, breaking the record for the highest number of furnaces with a large scrap steel ratio and the highest proportion of scrap steel in the industry in China. These innovative achievements not only improve product quality and production efficiency, but also reduce production costs and enhance Shougang's competitiveness in the market.
Embrace the digital wave
Building an intelligent factory
In the wave of digital transformation, Shougang actively explores the deep integration of digital technology into various aspects of production and operation, based on its own reality, to create a more convenient, accurate, and collaborative intelligent production system.
Shougang Zhixin has been selected as a pilot unit for digital transformation by the State Council; Shougang Jingtang has been selected as a "Digital Leading Enterprise" and an "Excellent Intelligent Factory" by the Ministry of Industry and Information Technology; Shougang Cold Rolling has been selected as a "lighthouse factory" in the world, and has developed 67 digital use cases such as intelligent scheduling and knowledge graph. Customer satisfaction continues to improve, and the production and manufacturing cycle has been shortened by 18%. In terms of marketing and procurement, Shougang has built a smart marketing platform and achieved database integration with more than 20 key customers such as BMW. The sales proportion of high-end leading products has increased by 12 percentage points; We have developed an integrated management platform for production and sales at Shougang Iron and Steel, which has increased the efficiency of production and sales collaboration by 60% and reduced inventory by 15.3%. In the field of logistics, Shougang Jingtang has joined hands with China Mobile and ZTE to launch a 5G private network transformation, enhancing the independence of the 5G private network and the high reliability of carrying business; By applying technologies such as 5G, IoT, and artificial intelligence, a full scenario logistics scheduling model has been established, achieving intelligent coverage of the entire process including automatic planning of transportation plans, intelligent allocation of transportation tasks, and intelligent scheduling of transportation vehicles.
By laying a solid foundation for industrial upgrading, improving operational management efficiency, and enhancing value creation, Shougang Group has achieved outstanding results in its digital transformation. At the beginning of the year, the big model of molten iron temperature drop was unveiled in CCTV News. The big model of marketing customer service improved service efficiency, optimized customer experience, helped precision marketing, and promoted business growth; The intelligent new area of the integrated logistics control platform in the factory has only been in trial operation for 3 months, achieving an average efficiency improvement of 11%; The construction of a digital scheduling integrated control platform has reduced the delay of unplanned downtime scheduling control from 40 minutes to 2 minutes. These digital application scenarios have enabled Shougang to achieve a leap in production efficiency and management level.
Practice the concept of green and low-carbon
Take on social responsibility
Under the national "dual carbon" strategy, green and low-carbon is not only an inevitable trend for the sustainable development of the steel industry, but also a new track to crack the "internal competition". Shougang adheres to the development path of "leading technology, green and low-carbon", fully leverages the leading role of technological innovation, drives comprehensive innovation through technological innovation, and effectively transforms technological advantages into product advantages, service advantages, brand advantages and competitive advantages.
Shougang integrates the concept of green development into its strategic planning and production operations. Shougang Group has effectively promoted the implementation of 39 carbon reduction measures projects in the first half of the year, focusing on national policies, low-carbon action plans, and customer needs, and has been accelerating the promotion of nearly zero carbon emission smelting high-quality steel demonstration projects. Shougang Qiangang has become the world's first steel enterprise to achieve full process ultra-low emissions; Shougang Jingtang has built the world's first "combustion heat electricity water salt" five effect integrated high-efficiency recycling system. Shougang Langze's innovation is even more disruptive - it has built the world's first full process industrial exhaust gas to fuel ethanol project, achieving efficient and clean utilization of steel industry exhaust gas. These breakthroughs have led the traditional high emission steel industry towards green and low-carbon development.
Green has become the foundation of Shougang's high-quality development. Shougang actively builds a smart carbon management platform, striving to seize opportunities, meet challenges, and enhance core competitiveness on the low-carbon track. Shougang collaborates with customers to build a green and low-carbon steel supply chain, continuously consolidating its low-carbon first mover advantage, and establishing a pricing system for low-carbon automotive products. In the first half of the year, we officially signed a memorandum of strategic cooperation on "green steel" with FAW Volkswagen, and jointly held a 40% traceable circular material low-carbon project launch event with Zhongshan Qinglian, expanding our industry influence. Successfully developed weather resistant steel for power tower structures with a 50% high scrap ratio and achieved application transformation, setting an example for the application of hot-rolled green steel products in the industry.
In terms of energy conservation and emission reduction, Shougang has also achieved remarkable results. Shougang Group's No. 2 2650 cubic meter blast furnace and No. 8 360 square meter sintering machine have won the "champion furnace" in the national key large-scale steel production equipment energy-saving and consumption reduction benchmarking competition, and multiple energy-saving renovation projects have promoted the deepening and implementation of ultimate energy efficiency. Shougang has made positive contributions to environmental protection by continuously reducing energy consumption and pollutant emissions through technological innovation and equipment upgrades.
Pay attention to strengthening the chain, supplementing the chain, and extending the chain
Building an industrial ecosystem
Strengthening, supplementing, and extending chains is an important strategy for China's current economic development and industrial upgrading. During the development process, Shougang has strengthened cooperation with upstream and downstream enterprises, built a complete industrial ecosystem, enhanced industrial synergy, and improved the enterprise's ability to resist risks.
Shougang focuses on key missing links in the industrial chain and continues to make efforts. Shougang Jingtang actively develops a relatively complete product matrix of hydrogen pipeline steel in the field of hydrogen energy. B/X42/X52/X60/X65MH full series hydrogen pipeline steel has broken through six key technical bottlenecks such as hydrogen embrittlement damage and low temperature toughness. It has presided over the compilation of the national standard "Steel Plates and Strips for Hydrogen Transport and Storage Pipelines", further improving the industry standard system, filling in the soft environment shortcomings of the industry chain from the standard level, and ensuring the healthy development of the industry chain.
Mineral resources are an important guarantee for national security and economic development. In terms of ensuring iron ore production resources, Shougang Mining, as an important raw material supply base, has exceeded the budget schedule in terms of operating income, profit, concentrate powder and other major economic indicators. Open pit mining is firmly committed to increasing the total output and maximizing the service life of open-pit mining; Fully implement the resource supply guarantee work plan for underground mining production, ensuring smooth and stable connection between production and expansion projects; The comprehensive utilization of resources industry enhances the "all-weather" shipping capacity between supply and demand, and the production and sales of building materials products are prosperous. Shougang International coordinates production, transportation, and sales, allocates resources reasonably, and effectively ensures stable supply of base resources, providing strong support for the stable production of the main steel industry.
Under the new development pattern of domestic circulation as the main body and domestic and international dual circulation promoting each other, Shougang International Steel Trade continues to expand its export channels, achieving a dual improvement in both quantity and quality of steel exports; Shougang Engineering's overseas project expansion has achieved initial results, with a significant increase in export contracts; Building a first-class service brand in the service industry and continuously enhancing core competitiveness. By expanding overseas markets, Shougang has not only expanded its product sales scope, but also enhanced its brand's international influence and further improved its industrial chain layout.
Integration of production and finance mutually empowers each other
Development of dual wheel drive
The integration of industry and finance refers to the internal combination or fusion of industry and finance in economic operation through equity participation, shareholding, controlling stake, and personnel involvement, in order to achieve common development goals and overall benefits. Shougang actively explores the development model of integrating industry and finance, providing stronger impetus for enterprise development through the deep integration of financial services and the real economy.
Continuously improving financial service capabilities and enhancing the quality and efficiency of capital operations. In the first half of the year, Shougang Fund continued to promote precise investment in the industry, and Science Fiction Fund invested 70 million yuan in the Yunjing Intelligent Project, attracting its subsidiary to settle in Rongshi Square. Assisting in the listing and issuance of Steel Net on the Hong Kong stock market on March 10, 2025, has established a benchmark paradigm of "moistening the real economy with the water of funds". The construction of the humanoid robot industry base at the Winter Olympics Square is accelerating, introducing representative enterprises such as Zhongke Wenge and Yingshi Technology, and holding a series of industrial activities such as the "Humanoid Robot Industry Investment and Financing Roadshow" and the "Robot Related Data Standard Compilation and Research Launch Meeting" to assist in project investment and the development of enterprises entering the park. Since the 14th Five Year Plan, Shougang Fund has gradually shifted from early financial investment to "strategic investment+infrastructure real estate investment+asset lean operation". Special funds have been established with government departments such as Tongzhou, Shijingshan, and Shunyi to continuously increase management scale and social influence. The comprehensive financing cost has decreased from 3.27% at the beginning of the period to 3%, providing a solid guarantee for safe and stable income acquisition.
The integration of production and finance can better coordinate the relationship between production and finance, and promote the coordinated development of business modules between industry and finance. Shouhui Industry Finance continuously strengthens its "finance+technology+sharing" attributes, providing comprehensive and efficient supply chain finance solutions around downstream sales scale of industrial chain resources. Since the 14th Five Year Plan, the scale of Beijing ticket has repeatedly reached new highs, with more than 1000 new upstream and downstream enterprises in the industrial chain, and a total of 4850 platform enterprises. The circulation level has exceeded 10 levels, becoming the first Beijing municipal enterprise; Innovatively launched "Arrival Pass", "Invoice Pass", and "Factoring Pass", covering the full range of supply chain finance services, effectively completing the group's strategic deployment. The Shougang Jingpiao business has initially built an ecological chain circle around the application of Shougang Jingpiao, providing solid liquidity support for group member units and enriching the group's financial toolbox.
To promote the transformation of development quality, we cannot passively defend, but actively reconstruct the dimension of competition. Shougang Group adheres to the essence of the enterprise and has achieved outstanding results in technological innovation, digital transformation, green and low-carbon development, strengthening and extending chains, integrating production and finance, and improving asset quality. Looking towards the future, Shougang will continue to uphold the development concept of innovation, coordination, green, openness, and sharing, with the strategic path of "one leading and two integrating", forging "hard core strength" in technological innovation, activating "smart momentum" in digital transformation, seizing "development opportunities" in green and low-carbon, achieving "deep empowerment" in industry finance collaboration, building a "win-win pattern" in expanding the industrial ecosystem, and promoting high-quality development.