Recently, Sinosteel Luonai held a business analysis meeting for the third quarter of 2024 to summarize and sort out the implementation of various key tasks since the third quarter of this year, analyze the situation, unify thinking, and consolidate consensus, and coordinate the reform, development, and stability work for the fourth quarter and next year. Xiong Jian, Secretary of the Party Committee and Chairman of Zhonggang Lonai, attended the meeting and delivered a speech. Geng Keming, Deputy General Manager of Zhonggang Lonai, presided over the meeting and put forward work requirements. Members of the leadership team of Sinosteel Luonai, assistant level leaders of the general manager, responsible persons of various functional departments, responsible persons of various business units, bases, and operational areas attended the meeting.

At the meeting, the Operations and Finance Department reported on the company's business performance from January to September, the expected situation for the fourth quarter, the next steps of business work arrangements, and key issues that need to be focused on for the company's business development. Wuhan Refractory, Marketing Center, Engineering Technology Division, and various operational units reported on the completion of their main business and development indicators within their respective areas of responsibility, deeply analyzed the existing problems in current business development, and proposed corresponding work ideas for the business tasks in the fourth quarter of 2024 and the business forecast in 2025.

In the face of the final battle of the fourth quarter and the new beginning year of Sinosteel Luonai in 2025, Xiong Jian, the Party Secretary and Chairman of the company, put forward specific requirements from seven aspects: first, we must make every effort to strengthen orders. Keeping up with market trends, vigorously expanding into new fields and markets, and taking multiple measures to grab orders; Secondly, we need to accelerate the collection of outstanding debts. Adhere to the principle of cash as king, accelerate the clearance of long aged accounts receivable, and provide sufficient cash flow guarantee for the high-quality and sustainable development of the company; Thirdly, we need to implement a comprehensive budget. Starting from the preparation of a business plan as a new task and goal, effectively manage the operating budget to ensure steady progress of all work; Fourthly, we need to deepen accounting operations. Adhere to a problem oriented approach, with the main goal of creating value, benchmark and identify weaknesses, and develop practical and effective response measures; The fifth is to tap the potential and reduce costs. Adhere to the principle of "all costs can be reduced" and enhance the consensus of cost control among all employees; Improve the level of refined management and seek benefits from production; Sixth, we need to optimize the control mode. Further optimize and clarify the positioning and responsibilities of different levels of organizations to improve operational efficiency; Seven is to jointly promote safety and environmental protection. Adhere to bottom line thinking, elevate safety and environmental protection work to a strategic level, and provide a safe and stable environment for the company's reform and development.

Other company leaders conducted problem analysis on their respective areas of responsibility and proposed specific measures and future work ideas around improving capital operation efficiency, strengthening party building leadership, and transforming management thinking.

Faced with the complex and challenging macroeconomic situation and the long-term reduction and restructuring of downstream enterprises, Xiong Jian called on all cadres and employees of the company to unify their thinking, strengthen their confidence, remember Comrade Xi Zhongxun's earnest instructions to Luo Nai, establish crisis awareness, constantly adapt to new market demands and challenges, adhere to the "four haves" management principle, further focus on business development, make improving profitability the primary task of the company's business development, deepen accounting management, enhance system response capabilities, and strengthen the company's core functions and core competitiveness; During the critical period of reform and development, leaders and cadres at all levels should establish a correct view of performance, take responsibility and fulfill their duties, and lead employees and the masses to develop and progress together with the company!