Xinyu Iron & Steel Co.Ltd(600782) april 25 issued the annual report for 2021. In 2021, the company’s pig iron, crude steel and steel production were 9208100 tons, 10137900 tons and 9770200 tons respectively, with a year-on-year increase of 0.97%, 8.08% and 7.48% respectively. The operating revenue was 104913 billion yuan, a year-on-year increase of 44.88%; The net profit was 4.345 billion yuan, a year-on-year increase of 60.9%; The net profit deducted from non profit was RMB 4.084 billion, with a year-on-year increase of 66.53%. The company plans to pay out 5 yuan (including tax) for every 10 shares.
Xinyu Iron & Steel Co.Ltd(600782) mainly engaged in the production and sales of iron and steel products, it is an important iron and steel producer and manufacturer in China. It is a large iron and steel complex with an annual output of 10 million tons of steel. Its industry covers the fields of iron and steel smelting, steel rolling and extended processing. After long-term development, at present, the company has advanced production lines of high-speed line bar, cold and hot-rolled thin sector, wide and thick sector, excellent special steel, non oriented silicon steel, steel strand, steel wire and other high-quality steel products, mainly engaged in cold and hot-rolled thin sector, medium and thick sector, wire bar, excellent special steel, electrical steel, metal products and other high-quality steel products. The company has a reasonable product structure and complete varieties, forming a product structure dominated by sector with distinctive characteristics, The company’s high-quality sector production capacity has reached 7 million tons / year. It is an important high-quality sector production base in China. The company’s products are widely used in oil and gas equipment, aviation, railway, automobile and household appliances, shipbuilding, marine engineering, construction, bridge high-rise structure, engineering machinery, new energy and other fields and national key projects. The products are exported to more than 20 countries and regions such as the United States, the European Union, Japan and Southeast Asia.
The company announced on the same day that in order to further promote the company’s focus on the main iron and steel industry, concentrate resources, focus on the development of iron and steel materials business, and achieve higher quality development goals, the company plans to acquire the controlling shareholder’s electric furnace capacity and equity of related enterprises, and adjust the existing trade, engineering construction, inspection and maintenance and other related businesses. Specifically, the company plans to acquire the national recognized 1 million ton EAF steelmaking capacity index owned by Xinyu Iron and Steel Group Co., Ltd., the controlling shareholder of the company, in cash; And the 66.85% equity of Jiangxi Xinxu special materials Co., Ltd. held by the controlling shareholder to absorb its technical accumulation and human resources in electric arc furnace steelmaking, so as to better develop the main iron and steel industry. At the same time, the company plans to transfer the equity of four trading companies, including Xingang international trade company, construction company and mechanism company, to the controlling shareholder; Transfer 100% equity of inspection and maintenance business subsidiary.
In 2022, the company’s main production and operation objectives are to complete the overall planning of “digital smart new steel” and comprehensively start the digital transformation; Ensure that pollutants are fully discharged up to standard; The main economic and technical indicators fully catch up with and surpass the advanced level of the industry; On the basis of completing the annual objectives and tasks, the income of employees has increased.
