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Liuzhou Iron and Steel Group Creates a New-Record High Profit Exceeding CNY 8 Billion
Date:2018-11-05  Source:Liuzhou Daily

Recently, just as Liuzhou’s enterprises went full steam ahead to make a final sprint in Q4 of 2018, Liuzhou Iron and Steel Group Co., Ltd. (“Liuzhou Steel”) frequently reported that in the first three quarters, its production and operation had made steady progresses better than expected, further revealing high-quality development benefits with a cumulative profit of CNY 8.418 billion, achieving the best level since the plant was established 60 years ago.

Since the beginning of this year, Liuzhou Steel, under such positive factors as the continuous deepening of the supply-side structural reform, has seized the favorable market timing to optimize its production organization mode and promote the high-quality business development based on the principle of “benefit first”. Liuzhou Steel, through giving full play to its unique advantages in steel rolling capacity, which outweighs its steel-making capacity, flexibly organized production to maximize the production and operation benefits, and realized a cumulative revenue of CNY 65.345 billion, a year-on-year increase of 31%, and paid taxes amounting to CNY 3.129 billion, a year-on-year increase of 201.15%.

Focusing on diversified industries, Liuzhou Steel strives to boost the formation of the development pattern with two wings in full strength respectively of iron & steel as the main industry and diversified industries which brought about to it an accumulated revenue of CNY 27.587 billion with a profit of CNY 557 million in the first three quarters; focusing on risk prevention and control, it carries out audits on company projects involving production and operation, continuously improves the "blacklist" management system and restrains discredited enterprises’ delinquent conducts to enhance its sustainable development ability as an enterprise; focusing on energy saving and environmental protection by successively completing the shedization project of coking coal site, the expansion and transformation of coking wastewater biochemical system and the project construction of deep purification of sintering desulfurization flue gas to realize "zero" environmental pollution accident, discharge of wastewater and waste gas up to standards, associating production and ecology together for more benefits.

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