At the analysis meeting on the economic activities of the group in the first half of the year, what aspects of Guizhou Steel were mentioned

In 2025, Zhongyuan Special Steel firmly implemented the requirements of the Party Group of the Group Company, adopting a fighting attitude of "starting the battle with determination and sprinting from the very beginning". It focused on its goals, faced challenges head-on, and honed its skills. By adopting new measures, it achieved new performance and demonstrated a new atmosphere. In the first quarter, its operating revenue increased by 26.65% year-on-year, and its total profit reached the budget target. Its main business indicators achieved a "good start".

Serving national strategies and demonstrating "new achievements"

Zhongyuan Special Steel remains steadfast in its commitment to serving national major strategies, closely focusing on advanced high-end materials and key equipment, strengthening integrated development and collaborative progress, and accelerating the creation of new productive forces.
High-strength non-magnetic products helped China's first 10,000-meter scientific exploration well set a record, receiving high praise from customers; the localization substitution project for "700,000-ton EVA-LDPE device reactor intercooler" was successfully initiated; and special product revenue increased significantly.

Market development accelerates

We will continue to focus on our primary responsibilities and core business, actively adjust our marketing strategies, establish a dual-dimensional networked marketing system encompassing both regions and industries, concentrate on our core products, implement a market penetration plan akin to "a spark setting a prairie on fire", and spare no effort to expand into new market territories.
Collaborating with its subsidiary, Guizhou Gaofeng, to exhibit at the Beijing Petroleum Exhibition further enhanced the company's brand awareness; in the first quarter, over 600 million yuan of new contracts were signed, and 57 new customers were developed.

Scientific and technological innovation builds "hard power"

Adhering to the principle of "technology first, research and development first", we take technological innovation as the core driving force, continuously optimize the list of technological innovation systems, strengthen research and development investment, and carry out key technological breakthroughs such as vertical continuous casting common technology. The research and development investment has significantly increased compared to the same period last year.
We strengthened the development of new products, innovated and practiced the new model of "R&D + Market", promoted the deep integration of technology and market, successfully launched one new product, and the company was awarded as "Henan Province's Innovative Leading Enterprise".

Transformation and upgrading focus on "increasing efficiency"

Adhering to differentiation, professionalization, and high-end development, we have promoted the upgrading of our product structure, continuously expanding and optimizing key products such as medium and high alloy continuous casting billets, high-quality mold steel, and high-strength non-magnetic materials. In the first quarter, revenue from key products increased by 34.63% year-on-year, while revenue from strategic emerging industries increased by 58.55% year-on-year.
Focusing on "researching new capabilities, expanding markets, reducing costs, strengthening management, and increasing benefits", and reinforcing the guarantees of "safety, monitoring, and incentives", we have achieved an increase in both the quantity and profitability of profitable products, with notable cost reduction results.

Strengthening management to stimulate "new vitality"
We must maintain the pace of reform and persist in meticulously and effectively finalizing the actions to deepen and enhance reform, seeking efficiency through management. Focusing on lean management, we have strengthened production delivery, achieving progress targets for key product processes and output, breaking production records eight times. QCD continues to improve, with breakthroughs in the number of continuous casting furnaces for key continuous casting products, and the product yield rate continues to increase.