When the bell of the Spring Festival rang and the dawn of the New Year shone on the first day of the the Year of the Loong, with a festive atmosphere and the blessing of the New Year, all employees of Sinosteel Luonai unified their thoughts, worked hard, set sail, and rode the dragon with full enthusiasm and struggle attitude, to make a good start for the production, operation, and operation of the the Year of the Loong, and to promote the steady improvement of production and operation in 2024 with all efforts, achieving a "good start" in production and operation!

Since 2023, China Steel Luonai has deeply implemented the new mode of "one headquarters, multiple bases" operation, and successively completed unified procurement, unified sales and other work, and the reform effect has begun to show. Deeply practicing "accounting management", steadily promoting centralized procurement, collaborative efficiency improvement, cost reduction and efficiency improvement, etc. In January, the procurement center implemented three centralized purchases, achieving a cost reduction of 3.17 million yuan compared to market prices, effectively reducing procurement costs. The marketing center actively seizes market orders, increases visits to strategic and key customers, strengthens collaboration with various production lines, and ensures that each production line achieves production and efficiency. The production capacity utilization rate in January increased by an average of 4.43% compared to the previous year. The Engineering Technology Division leveraged its collaborative mechanism with various base engineering businesses, signing 21 new contracts in January and achieving a record high monthly shipment volume. The Operations and Finance Department has accelerated the construction of a cost management system under the "one headquarters, multiple bases" model. Through conducting on-site cost inspections, supervising the construction of cost management systems in various production lines, establishing and improving the monthly meeting mechanism of cost liaison officers, and other measures, the integration of business and finance has been strengthened, providing a platform for various production lines to brainstorm and learn from each other. In January, the completed cost reduction and efficiency improvement exceeded the progress target by 5.01 million yuan, effectively promoting the continuous promotion of cost reduction and efficiency improvement work throughout the year.

Simplify the road and focus on practical work. 2024 is the 75th anniversary of the founding of the People's Republic of China, a crucial year for the implementation of the 14th Five Year Plan, and an important year for China Steel Luoyang to move towards leapfrog development. At present, the global economic situation is full of uncertainty, and the industry's business situation is still complex and changing. In the future, Sinosteel Luonai will face more difficulties and challenges. All cadres and employees of Sinosteel Luonai will work together and forge ahead, firmly believing that "as long as confidence does not decline, there are always more solutions than difficulties". We will fully exert our subjective initiative, continue to leverage our own advantages, deeply understand the changes in the current industry's business development situation, adhere to the guidance of the "four modernizations" direction and the "four haves" management principle, focus on creating value, give full play to our technological leadership advantages, accelerate collaborative efficiency creation, deeply carry out benchmarking and find differences, strive to complete various annual goals and tasks, contribute new strength to the company's construction as a Baowu high-temperature non-metallic material industry platform, and present outstanding achievements to the 75th anniversary of the founding of New China!