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A new year with hopes. A new year filled with dreams On the occasion of the arrival of the New Year 2019, on behalf of staff, workers and team-mates, I have the honor to extend the New Year Greetings and whole hearted gratitude to the leaders at all levels who have cared and supported Shagang’s construction and development, industry members, domestic and international customers, as well as people from all walks of social life!

In the recent years Shagang has been focused on implementing national development strategy on steel industry with our long-term targets of “To be a high quality product supplier and to be a long-living sustainable business”. Under the key words of transformation, innovation and upgrading, we take quality, efficiency and profitability of the business as the center of all operational activities, rely on the safety production, environment protection and technical reforming, like: reducing costs and expenses, increasing profits via innovation and utilizing hidden potentials, enhancing our brand name, improving our technical level, introducing intelligent manufacturing means, adopting multi-elements development, exploring domestic and international markets. All production operations of the corporation run steady and the overall competitiveness of the business is increasing.. In the year of 2018, Shagang has achieved RMB241.0 billion of sales revenue, under which RMB33.0 billion of tax. The profitability of the corporation stays at the leading position in the steel industry. For 10 consecutive years, Shagang has been awarded as one of the World’s Top 500, ranked at 364th in 2018.

2019 is the year of staring to implement the spirit of “The 19th CPC National Congress”, also is a crucial year for Shagang to overcoming the difficulties on quality improving, safety production and environment protection, fundamental comprehensive management, reforming and innovation breakthrough. The main idea is under the guidance of high quality development and overall improvement for achieving fine and accurate operation handling for all complete processes. Take all efforts to advancing the environment protection safety, production and business, branding, fundamental management, reforming and innovation, intelligent manufacturing, team quality, enterprise propaganda and Group management control etc.; thus can improve the level of enterprise safety and environmental protection management and control, create and expand enterprise competitive advantage, enhance the corporate image furthermore. All activities will do a good sprint to complete the Group “Nine Five-Year” Planning tasks.

2019 is a year of challenge and opportunities filled with pressure and driving forces. Shagang is to study and implement seriously the spirits of the 19th National Congress of the Communist Party of China (CPC). Under the guidance and correct leadership of Party committee, as well as governments of the various levels and with cares and supports of communities and people from all walks of social life, Shagang will tackle all kinds of difficulties, be committed in further innovation and development, to be persistence in targeting higher level for achieving better performance which can be our contribution to revitalize China’s national steel industry, and to achieve the “Chinese Dream” of the great rejuvenation of the Chinese Nation!