宝钢股份(600019) - 宝山钢铁股份有限公司投资者关系活动记录表

Financial Performance - In 2023, Baosteel achieved a total profit of CNY 15.09 billion, maintaining the leading position in the domestic industry [3] - In Q1 2024, despite a challenging industry environment, the company reported a profit of CNY 2.79 billion, continuing to lead the domestic market [3] Export Strategy - Baosteel's export volume accounted for approximately 10% of total production, with a historical high of 5.84 million tons in 2022 [4][5] - The Asian market represented two-thirds of the export volume, with Southeast Asia being a significant contributor [5] - The company plans to strengthen cooperation with regions like South America and the Middle East in response to U.S. tariff increases on Chinese steel products [5] Cost Control and Efficiency - Baosteel has implemented effective cost control measures to withstand industry pressures, focusing on internal cost reduction and cross-departmental collaboration [6][7] - The company emphasizes that cost reduction efforts will not compromise product quality, maintaining a strong commitment to quality standards [6][7] Technological Innovation - Baosteel aims to maintain its technological leadership through proactive R&D investments and collaboration with top universities and research institutions [10][11] - The company has initiated an AI strategy for 2024, focusing on enhancing decision-making capabilities and optimizing processes through advanced data analytics [12][13] International Investment and Risk Management - The West Simandou project in Guinea is expected to significantly enhance Baosteel's resource supply capabilities, with an annual iron ore supply of 12 million tons anticipated by 2026 [16][17] - The project will support Baosteel's transition to a green and low-carbon production model, addressing the scarcity of high-grade iron ore resources [16][17] Market Dynamics and Future Outlook - The steel industry is experiencing structural adjustments, with increased competition in high-value products like automotive steel and oriented silicon steel [9] - Baosteel is adapting its strategies to maintain competitiveness in the evolving market landscape, focusing on high-end, green, and intelligent manufacturing [9][10]