Chongqing Iron & Steel Company Limited(601005) : the net profit in 2021 increased by 256.22% year-on-year. It is planned to achieve a revenue of 42 billion yuan in 2022

Chongqing Iron & Steel Company Limited(601005) 3 on the evening of March 30, the annual report of 2021 was released. The company achieved an operating revenue of 39.849 billion yuan in 2021, an increase of 62.72% year-on-year; The net profit attributable to the shareholders of the listed company was 2.274 billion yuan, a year-on-year increase of 256.22%; The basic earnings per share is 0.26 yuan.

The annual report shows that during the reporting period, the company achieved the output of iron, steel and commercial billets of 6.7446 million tons, 7.1155 million tons and 7.1565 million tons respectively. The output of iron and commercial billets increased by 5.74% and 5.59% year-on-year, the best level in history; The sales volume of commercial blank materials was 7.1405 million tons, with a year-on-year increase of 4.61%.

The company said that the increase in operating revenue was mainly due to the rise in the sales price of commodity blank materials. In 2021, the sales price of the company’s commodity blank was 4652 yuan / ton, with a year-on-year increase of 34.72%.

Chongqing Iron & Steel Company Limited(601005) mainly produces and sells hot-rolled sheet, medium and heavy sector, rebar, wire rod, billet, iron and steel by-products and coke coal chemical products. It has rich production lines and complete products. Its products take into account medium sector, thick sector, hot coil, long material and other varieties. It has extensive cooperation with central enterprises such as China Construction Science and engineering Chengdu Co., Ltd., China Railway Materials Chengdu Co., Ltd. and China transportation materials. It is the only large-scale iron and steel company that sells its products in Chongqing and the southwest region in line with the national policy.

The annual report shows that looking forward to the future, the pace of green and low-carbon transformation of iron and steel enterprises will be accelerated in 2022, and green and low-carbon development will be the key task that the iron and steel industry must continue to promote in the future. In the context of “double carbon”, the core of the supply side reform of the iron and steel industry, whether it is “double control of capacity and output” or “double control of total carbon emission and intensity”, lies in “carbon reduction”, and it is expected that the industry will usher in a new round of structural optimization.

Chongqing Iron & Steel Company Limited(601005) committed to building a high-quality green intelligent iron and steel enterprise integrated into China Baowu, the company will seek the ultimate benefits with scale improvement, build a smart factory with scientific and technological innovation, and strive to promote the company to achieve the goal of high-quality development.

In the business plan, Chongqing Iron & Steel Company Limited(601005) revealed that it is planned to achieve iron output of 7.22 million tons, steel output of 7.12 million tons, commodity blank output of 7 million tons and operating income of 42 billion yuan in 2022. The company will adhere to market orientation, give play to brand effect and improve marketing ability; Promote the implementation of planning, accelerate project construction, and consolidate the foundation of digital intelligence heavy steel; Comprehensively deepen reform, promote innovation and development, and accelerate transformation and upgrading.

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