On March 28th, Hu Wangming, Secretary of the Party Committee and Chairman of Baowu, visited Sinosteel Luonai for research. He went deep into the production line, visited and comforted frontline cadres and employees, understood the production and operation situation, and had discussions and exchanges with the enterprise leadership team. Hu Wangming emphasized the need to deepen benchmarking, adhere to the dual wheel drive of reform and innovation, focus on enhancing value creation capabilities, and achieve continuous development.

During the research period, Hu Wangming and his delegation visited the magnesium production line to understand the production operation and product management situation, and visited the Red Education Base to see the exhibition "Never Forget the Original Aspiration and Eternal Belief - Luonai Employees Remembering Comrade Xi Zhongxun".

After listening to the work report of Sinosteel Luonai, Hu Wangming said that after more than a year and a half, he felt a great change coming to Sinosteel Luonai again. The reform direction of Sinosteel Luonai in the past two years is very correct. It should adopt a new business model of "manufacturing+service", leverage its scientific research advantages, accelerate the transformation of scientific and technological achievements, form product market advantages, and achieve enterprise development. Through everyone's efforts, the reform has shown initial results.

Hu Wangming pointed out that the Second Party Congress of Baowu has clearly defined "reform" and "innovation" as the core driving forces, continuously enhancing core functions and improving core competitiveness. Sinosteel Luonai needs to change its mindset, benchmark and improve its capabilities. Adhere to strategic orientation, demand orientation, and problem orientation, thoroughly benchmark and identify differences, carefully search for problems, and focus on improving efficiency and creating value through reform and innovation. Strengthen collaboration. To fully leverage Baowu's system advantages, it is necessary to strengthen collaboration in various aspects such as bidding management and product innovation. We must firmly establish market awareness and use our own development to help enhance the competitiveness of the group's main steel business. Vigorously promote the "three reductions and three improvements". This job is very targeted for old enterprises, requiring good accounting management, adhering to the principle of "cash is king", preventing business risks, and improving labor efficiency. Strengthen the construction of the Party. This year, we will focus on thoroughly implementing the spirit of the Central Eight point Regulation through learning and education. Never forget the original intention, keep in mind the mission, inherit the red genes, carry on the red bloodline, and use spiritual strength to inspire enthusiasm for work. Hu Wangming emphasized that through this round of reform, Sinosteel Luonai will truly achieve technological innovation, management innovation, and business model innovation, and pave the way for the development of a steel refractory enterprise.

Wang Jiming, member of the Baowu Party Committee and Deputy General Manager, and Fei Peng, as well as heads of relevant business development departments, headquarters functional departments, and subsidiaries of the group, participated in the research.