New Year s Message(29631)

President Li Xiaobo; Secretary of the Party Committee Yang Haigui; General Manager Hu Yuting

All staff members and their family members:

Filled with the joy of struggle and harvest, we farewell the year of 2010 with innumerable great achievements; bringing new hopes and dreams, we enter the year of 2011 that full of hopes. On the occasion of New year, the company leadership express a festival wishes and sincere greetings to all employees and their family members! Wish all of you a happy New Year, happy family and succeed in everything!

As of the past 2010, faced the complex and fickle business environment, with all staff and workers great efferts, the company made a significant progress in business performance. Expected annual steel production can reach 9.7 million tons, including stainless steel 2.75 million tons, and kept company s leadership position in global stainless steel industry; operation revenue achieved 11.1 billion yuan with realized profit of 2.5 billion yuan. The company competitiveness got further promoted.

In the past year, the company comprehensively promoted "three transformations", stainless steel seamless steel tube, high strength precision strip and profiles projects were put into production in succession, Tianguan stainless steel project progressed smoothly, merger and reorganization work made headway; the domestic market share of more than 20 varieties like railway industry used steel, duplex steel, heat-resistant steel, high grades silicon steel and etc kept the first, stainless steel based energy-saving, high-efficiency and long life products group became increasingly rich; with Burma nickel ore project formally signed, Yuan Jucun iron ore project and LinXian coal project carried forward, Engineering Technology Co., Ltd, New material Business Department emerged as the times required, the company's development strength was enhanced continuously.

In the past year, the company comprehensively promoted harmonious development, the projects like cold-rolled waste mixed acid regeneration, sintering flue gas desulfurization and denitration in acid, blast furnace slag superfine powder and etc were put into production smoothly, every energy-saving enviromental protection indexes maintain the leading level in the industry, green development level was improved continuously; In the difficult situation of management environment, the company intensified the investment to people's livelihood projects, the worker lives got new improvement; scientific level of the company party construction was unceasingly enhanced, the party's political advantage was increasingly becoming one of the core competitiveness of the enterprise.

Through many storms man will get a strong will; after mountains there is still a long way to run. During "the twelveth five-year plan" period, opportunities and challenges are co-existing, struggle and glory are growing together. TISCO will continue to promote the "three transformations", adhere to the strengthen the main business, with diverse development, extension development and green development, speed up the construction of the world's most competitive stainless steel enterprises, up to 2015, business income expecting to reach over 200 billion yuan, become the domestic first-class, the world famous large enterprise group.

In 2011, the company shall focus on the development strategy from top to bottom, working solidly to reach new heights and comprehensively realize the annual budget target (steel production of 10.26 million tons, including stainless steel 3 million tons; operating income 120 billion yuan), open a good beginning, start a good step for "the twelveth five-year " development.

We shall unswervingly strengthen steel industry, accelerate the product structure adjustment and technical upgrade project, continue to improve the innovation ability, form a serialization of hit products group mainly on stainless steel, cold rolled silicon steel, high-strength and ductility carbon steel, make a highly competitive production base with high-end high-quality products.

We shall unswervingly promote extension development, continue to conduct strategic investment both at home and abroad, develop stainless steel deep processing industry, create a stability, low cost global supply chain and distinctive industrial chain.

We shall unswervingly promote pluralistic development, develop the company brand, capital, management, culture and other advantages, speed up the training, introduce the high-end talents, actively seek industrial and financial investment opportunities and realize the coordinated development with the main business.

We shall unswervingly promote green development, accelerate to realize the convertion from the company s small cycle economy to the city's big circulation economy, constantly form a complete circular economy industry chain, construct a demonstration factory of metallurgical industry recycling economy and energy saving and emission reduction.

We shall unswervingly promote the intergrowth of enterprise and staff with more safe working environment, the broader business platform and more good salary treatment, give employees a safe work and happy life, realize harmonious enterprise co-construction and sharing.

ladies and gentalmen, the forward road are rugged, but the way is under feet, we have the ability and the confidence to continue striding forward, writing a new chapter of TISCO s higher level transformation development!

Together, let us wish TISCO a better tomorrow!

New Year s Message

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