At 14:00 on January 12, the 2019 Summary Conference of Board of Directors of Tsingshan Industry was held at the Tsingshan Headquarters Building in Wenzhou. XIANG Guangda, the chairman of board of directors of Tsingshan Industry, and more than 150 executives from its groups and subsidiaries gathered together to summarize and review the work in 2019 and draw the blueprint for the enterprise’s development in 2020.

At the conference, XIANG made an important speech. While summing up and affirming the good achievements in Tsingshan’s development, he emphasized three key points for the future development of the enterprise. First, we should always adhere to the main business. Tsingshan would always focus in stainless steel and nickel, continuing its business cultivation and efforts, and further enhancing the competitiveness. Second, we should strengthen the construction of management team and improve the organizational capacity of Tsingshan. As the business grows, Tsingshan will face more and more management challenges. It is an important long-term task for Tsingshan to improve team efficiency and maintain the original fighting spirit. Third, we should stick to the path of sustainable development. Sustainable development is a long-term and complex process. Tsingshan not only needs to continuously encourage innovation in the aspects of business concept, management and technology, but also to strengthen the spirit of cooperation, conduct in-depth exchanges and cooperation with more excellent enterprises, and give play to each other’s advantages. Only in this way, Tsingshan can make further progress and move towards a higher level.

A comprehensive summary on Tsingshan enterprises’ work in 2019 was made at the conference. The global business of Tsingshan enterprises achieved a brilliant performance in 2019: the annual production of stainless steel crude steel of 10.65 million tons, nickel equivalent of 330000 tons, and sales revenue of 262.6 billion yuan. In 2019, Tsingshan ranked the 361st among Fortune Global 500 enterprises, demonstrating to the world the strength of Chinese private enterprises. Over the past year, Tsingshan had led the high-quality development of enterprises with scientific and technological innovation. The Morowali Industrial Park and Weda Bay Industrial Park located in Indonesia were increasingly perfected; the domestic production bases were becoming stronger and better; the development of new energy industries was accelerated. The development of supporting industry chains including steel pipe, shipping and bulk trade was thriving, and the cultural construction was constantly coruscating new vitality and delivering positive energy to forge ahead.

The executives of each group presented at the meeting also made a speech, summarizing and reporting the shortcomings and achievements of the past year, and the consideration of the development plan for the coming year. This conference provided all with the chance to make a long-term plan, keep up the spirits, unit and inspire people, and pointed out the direction for this year’s enterprise development.