Lanzhou Ls Heavy Equipment Co.Ltd(603169) selected into the list of state-owned enterprise governance demonstration enterprises of the state owned assets supervision and Administration Commission of the State Council

Recently, the state owned assets supervision and Administration Commission of the State Council issued the notice on printing and distributing the list of demonstration enterprises of corporate governance of state-owned enterprises, which determined that 28 group companies of central enterprises, 60 grass-roots enterprises and local state-owned enterprises, 17 provincial (District, municipal) group companies and 40 grass-roots enterprises were selected into the list of “demonstration enterprises of corporate governance of state-owned enterprises”. Lanzhou Ls Heavy Equipment Co.Ltd(603169) was on the list and won the title of “model enterprise of corporate governance of state-owned enterprises”.

Known as the “cradle and backbone of China’s Sinopec Oilfield Equipment Corporation(000852) “, the Lanzhou Ls Heavy Equipment Co.Ltd(603169) has developed steadily and effectively in recent years. As one of the leading pressure vessel manufacturing enterprises in China, Lanzhou Ls Heavy Equipment Co.Ltd(603169) has developed into an industrial base based on traditional energy equipment manufacturing and a new power driven by equipment manufacturing, product testing, inspection and maintenance services in nuclear, photovoltaic and hydrogen new energy, new materials, industrial intelligence, energy conservation and environmental protection industries The development pattern of the whole industry chain integrating after-sales, inspection and maintenance services. By 2020, the equipment body and internals installation of the four in one continuous reforming reactor used by China’s oil refining and chemical enterprises are mainly produced by Lanzhou Ls Heavy Equipment Co.Ltd(603169) .

It is worth mentioning that in 2021, the national “double carbon” policy was continuously implemented, and new energy industries such as nuclear energy, photovoltaic and hydrogen energy ushered in development opportunities, Lanzhou Ls Heavy Equipment Co.Ltd(603169) also actively transformed from traditional oil refining and chemical industry and coal chemical industry to new energy equipment manufacturing fields such as nuclear energy, photovoltaic and hydrogen energy, and achieved remarkable results.

On the morning of February 9, the first batch of two core equipment for manufacturing polycrystalline silicon materials, reduction furnace, produced by Lanzhou Ls Heavy Equipment Co.Ltd(603169) , was officially shipped to customers. This is a new breakthrough to continue to expand the polysilicon equipment array after Lanzhou Ls Heavy Equipment Co.Ltd(603169) completed the cold hydrogenation reactor and heat exchanger equipment in this field, and has become one of the few suppliers to realize the complete set production of polysilicon equipment in the Chinese market.

The good development momentum in the new energy equipment manufacturing business has also laid a solid foundation for the company’s performance growth. Its performance forecast for 2021 released recently shows that the company expects to realize a net profit of 121 million yuan to 145 million yuan in 2021, and successfully turn losses into profits.

For future development, Lanzhou Ls Heavy Equipment Co.Ltd(603169) relevant people said that in the future, the company will rely on the advantageous capacity layout of “four bases + Mobile factories”, actively expand the markets of nuclear energy, photovoltaic photothermal energy and hydrogen energy, accelerate the layout of new energy fields, and promote the transformation of the company from traditional equipment manufacturing to new energy equipment manufacturing.

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