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Baowu annual Conference: Hold high the banner, unite and strive, go all out to speed up the construction of a world-class great enterprise!

March 6, 2023

Latest company news about Baowu annual Conference: Hold high the banner, unite and strive, go all out to speed up the construction of a world-class great enterprise!

In his speech, Chen Derong first reviewed the major work in 2022. He said that 2022 will be a milestone year in the history of the Party and the country, as well as an extremely important year in Baowu's history. The CPC Central Committee, taking into account the overall strategy for the great rejuvenation of the Chinese nation and the profound changes unseen in the world in a century, successfully convened the Party's 20th National Congress and drew up a grand blueprint for comprehensively building a modern socialist country. In particular, we have iteratively upgraded the company's mission, vision and strategic objectives, become the first batch of central enterprises to be converted into state-owned capital investment companies, assume the responsibilities of the new low-carbon metallurgy modern industrial chain leader, enter the Fortune Global 500 top 50 for the first time, and embark on a new journey to build a world-class great enterprise. We conscientiously studied, propagated and implemented the Party's 20 Guiding Principles, and always studied deeply and practiced earnestly. We are on a new journey to build a world-class great enterprise. We will give full play to the leading role and strategic support of the state-owned economy. We will be the star of steady economic growth, the forerunner of scientific and technological innovation, the leader of the construction of a modern industrial chain of new low-carbon metallurgy, the practice of optimizing the layout and restructuring of the state-owned economy, and the demonstration of the reform of state-owned assets and state-owned enterprises. We have comprehensively strengthened Party leadership and Party building. The year 2022 is not easy for Baowu people. We have shoulded heavy burdens and faced difficulties head on. With firm faith, we have started a new journey of world-class development.


Chen Derong analyzed the next stage of the situation and tasks, and clear the overall work requirements. He pointed out that the Party's 20 major institutions have outlined a blueprint for building a strong socialist country in all respects, defined the goals and tasks for the development of the Party and the country in a new era and a new journey, and made a major conclusion that "high-quality development is the primary task for comprehensively building a modern socialist country." As for the reform and development of state assets and state-owned enterprises, it is required to "accelerate the optimization of the layout and structural adjustment of the state economy, promote state capital and state-owned enterprises to become stronger, better and bigger, enhance the core competitiveness of enterprises," "promote entrepreneurship, and accelerate the construction of world-class enterprises." The Central Economic Work Conference pointed out that China's development is now standing at a new and higher historical starting point. We should strengthen our confidence in economic work and make new achievements in promoting high-quality development with a new atmosphere and innovation. The Meeting of heads of Enterprises of the Central Committee called on us to further strengthen, improve and expand state capital and state-owned enterprises, accelerate the building of world-class enterprises in all respects, and take the lead in promoting overall economic improvement and achieving effective improvement in quality and reasonable growth in quantity. In light of the new requirements of the Central Committee of the Communist Party of China (CPC) on strategic deployment, we have many problems that need to be resolved in order to achieve our goal of building a world-class enterprise. The main performance is: first, the overall operation efficiency is not high, there is no scale effect based on professional integration, which is the most urgent problem Baowu is facing now. Second, high-tech transformation is a long and arduous task. Scientific and technological innovation is still in the upgrading stage from "follow" "parallel" to "lead", and has not shown the role of the source of original technology. Third, the layout of industrial structure is not reasonable, the quality of development is not ideal. Fourth, international development lags behind. It is still only a domestic enterprise with limited resource allocation and low efficiency. Fifth, the state - owned capital investment company "shape but lack of spirit". Sixth, high-quality Party building is not leading high-quality development.

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