Citic Pacific Special Steel Group Co.Ltd(000708) executive vice president Wang Wenjin talks about future development: maintaining the advantages of three brands and building three product bases

Citic Pacific Special Steel Group Co.Ltd(000708) ( Citic Pacific Special Steel Group Co.Ltd(000708) ) on the afternoon of March 11, the 2021 annual performance presentation was held, which was broadcast live on panorama Citic Pacific Special Steel Group Co.Ltd(000708) chairman Qian Gang, director and executive vice president Wang Wenjin, chief accountant Ni Youmei, Secretary of the board of directors Wang Haiyong, and special guest Liu Jianjun, Secretary General of China Special Steel Enterprise Association attended the briefing and answered the concerns of investors.

Citic Pacific Special Steel Group Co.Ltd(000708) director and executive vice president Wang Wenjin said in response to investors’ questions about future product structure planning that for the future development of the company, the company should continue to maintain the advantages of the three major brand products and build three major product bases.

Specifically, the company should maintain its advantages in the three brand fields of bearing steel, automobile steel and energy steel, and maintain the stock advantage of the company. In addition, the company will build three new bases, namely wire and bar base, wire base and steel pipe base. From this perspective, the company’s future planning is very clear.

Statistics show that Citic Pacific Special Steel Group Co.Ltd(000708) is a professional manufacturer of special steel materials. The company has six product groups: alloy steel bar, special medium and thick sector, special seamless steel pipe, special metallurgical forging, alloy steel wire rod and alloy steel round billet, as well as deep-processing product series such as quenched and tempered material, silver bright material and auto parts. The products sell well all over the country and are exported to the United States, Japan, the European Union More than 60 countries and regions, including Southeast Asia, are favored by users in high-end fields outside China. The production and sales volume of bearing steel produced by the company has led the world for 11 consecutive years, and the Chinese market share of high-end automotive steel, engineering machinery steel, wind power steel, marine mooring chain steel, mining chain steel, high-end round billet and other materials is leading.

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