Inner Mongolia Baotou Steel Union Co.Ltd(600010) 4 / 14 disclosure of 2021 annual report. During the reporting period, the company achieved a total operating revenue of 86.183 billion yuan, a year-on-year increase of 45.42%; The net profit attributable to the shareholders of the listed company was about 2.866 billion yuan, a year-on-year increase of 606.09%. The company plans to distribute a cash dividend of 0.19 yuan (including tax) to all shareholders for every 10 shares
The annual report shows that during the reporting period, the company produced 15.059 million tons of iron, a year-on-year increase of 73300 tons; Steel production was 164473 million tons, an increase of 836700 tons year-on-year; The production of commodity blank materials was 154457 million tons, with a year-on-year increase of 760700 tons; Production of 170400 tons of rare earth concentrate; The production of fluorite is 100500 tons.
From the perspective of the industry, Inner Mongolia Baotou Steel Union Co.Ltd(600010) pointed out that the accelerated pace of merger and reorganization of the iron and steel industry in 2021 is conducive to deepening the supply side structural reform, improving the concentration of the iron and steel industry, promoting the layout optimization and structural adjustment of the iron and steel industry, and promoting the high-quality development of the iron and steel industry. In 2022, the concentration of iron and steel industry is expected to further improve, and the high-quality development of China’s iron and steel industry is steady. According to the relevant data of China Iron and Steel Association, the carbon emission of China’s iron and steel industry is as high as 1.8 billion tons, accounting for about 15% of the total carbon emission, second only to thermal power among the 31 categories of manufacturing industry. The iron and steel industry will face the international challenges from the “relative constraint” of carbon emission intensity to the “absolute constraint” of total carbon emission, as well as the “low-carbon economy”. Low-carbon transformation is imperative.
