Baosteel(SH:600019) Ren Min Ri Bao·2025-08-12 22:29Core Viewpoint - Wuhan Iron and Steel Co., Ltd. (WISCO) has established itself as a leader in the steel industry by focusing on high-end products, technological innovation, and green transformation, contributing significantly to major national projects and the electric vehicle sector [1][3][12]. Group 1: Product Innovation and Technological Advancements - WISCO has produced over 440 million tons of steel since its inception, with more than 1,300 product varieties, including over 200 unique products [1]. - The company has achieved mass production of 0.1mm ultra-thin non-oriented silicon steel, which enhances motor efficiency by over 20% compared to previous products [5]. - WISCO's high-strength, high-precision magnetic steel for hydropower generators has a flatness error of less than 1mm/m, surpassing global standards [6]. - The company has developed eight globally first products during the 14th Five-Year Plan period, with proprietary product varieties accounting for 48% of its offerings [7]. Group 2: Reform and Internal Mechanisms - The establishment of China Baowu Steel Group through the merger of Baosteel and WISCO has revitalized the company, leading to significant operational improvements [11]. - WISCO has implemented internal market mechanisms, allowing different production units to trade based on market prices, which has fostered a profit-oriented mindset among employees [11][16]. - The company has successfully turned around loss-making operations by balancing production volume, efficiency, and quality through reform [16][17]. Group 3: Green Transformation and Sustainability - WISCO has installed solar panels that generate 45 million kWh of green electricity annually, reducing carbon emissions by 35,400 tons per year [12]. - The company aims to achieve a 40% purchase of green electricity and over 100 MW of installed solar capacity by 2030 [12]. - WISCO's production processes now incorporate over 40% recycled steel, significantly lowering carbon emissions in steel production [13][14].