ANSTEEL(SZ:000898)2023-04-02 08:10Group 1: Financial Performance - In 2022, the company achieved a revenue of RMB 131,072 million, with a steel sales volume of 2,581.65 million tons, reflecting a year-on-year increase of 5.83% [1] - The net profit attributable to shareholders was RMB 156 million, showing a significant decline compared to the previous year due to adverse market conditions [1] - Production volumes for iron, steel, and steel products were 2,623.55 million tons, 2,658.66 million tons, and 2,508.38 million tons respectively, with increases of 3.50%, 0.45%, and 1.14% year-on-year [1] Group 2: Market Challenges and Strategies - The steel market faced a weak cycle with insufficient demand and significant price drops, leading to increased losses in the industry [1] - The company responded by enhancing market development efforts, improving product and service competitiveness, and optimizing procurement channels [1] - Focused on cost reduction and efficiency improvements, the company aimed to control inventory and reduce consumption [1] Group 3: Environmental Initiatives - In 2022, the company initiated 23 energy-saving projects, expected to reduce carbon dioxide emissions by over 800,000 tons annually [2] - Clean energy usage included trading 2.62 billion kWh of clean energy, resulting in a reduction of 420,000 tons of CO2 emissions [2] - The construction of a joint venture project for LNG production from coke oven gas is expected to further reduce CO2 emissions by 470,000 tons annually [2] Group 4: Research and Development - The company invested RMB 2.621 billion in R&D, accounting for 2% of its revenue [2] - Achievements included the global launch of four products and leading technologies in the industry [2] - Recognition included the "Steelie" award for low-carbon production excellence and a national patent award for innovative methods [2]