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First Board Meeting of TISCO in 2015
TISCO held its first board meeting on January 16th in Garden International Hotel. The meeting is chaired by the Chairman of board of directors Mr. Li Xiaobo, and presented by the vice chairman Mr. Gao Xiangming, and the directors Mr. Zhang Zhifang, Mr. Wang Xinping, Mr. Wang Jiguang, Mr, Chai Zhiyong, Mr. Han Zhentang and Mr. Gao Jianbin.
Chairman of board of supervision Mr. Yang Yugong, supervisor Mr. Ren Zhiwu, Mr. Guo Xiaoping, Mrs. Li Juan, Mrs. Gen Ling and Mr. Zhang Hengyi, the director and the vice director of Special committees of the board of directors, senior management and principals of related departments were in attendance as non-voting delegates.
The Summary Report of 2014 and New Plan for 2015 made by Mr. Gao Xiangming, the general manager, were listened and reviewed in the meeting. Besides, the budgets implementation in 2014 and drafted general budget plan for 2015 were reviewed.
The meeting recognized the efforts made by management level to lead TISCO staff to aim at preset target, overcome difficulties, keep innovation, and achieve praiseworthy performance in 2014, a year full of severe and complicated market challenges. The achievements made by TISCO management team were fully affirmed. TISCO’s total production in 2014 was 10.73 million tons of steel, including 3.8 million tons of stainless steel, its revenue was RMB 140 billion Yuan, profit was RMB 200 million Yuan, and tax was RMB 2.29 billion Yuan.
The goal set out for 2015 by Mr. Gao Xiangming, i.e. 11 million tons of total production, 4.3 million tons of stainless steel, RMB 120 billion Yuan of revenue and RMB 500 million Yuan of profit, was approved by the meeting.
It was pointed out in the meeting that 2015 would be a year of most challenge and tribulation. In the most difficult year for TISCO’s development and operation, we should implement in-depth the spirits of 18th CPC National Congress, the 3rd and 4th Plenary Sessions of 18th CPC Central Committee, take the value management as a principal line, deepening reform as a guide, product variety and quality as the focus, scientific and technological innovation as a support, benchmarking and potential taping as an essential channel; run the company according to law, transfer market pressure properly, motivate management level and staff to fight for survive, build up comprehensive competitiveness under new norm, and realize sustainable development. We should have good faith and brave heart to face every challenge, to achieve success in tough tasks of optimizing product variety and improving product quality, to realize the new breakthrough in reform and innovation, to deepen the effects of benchmarking and cost-cutting, to elevate production safety and environment protection, to push forward in a stronger way the transformational development, and to open a new dimension of lawfully running the company. We should essentially conduct the production and company operation; spare no effort to make our key projects to achieve expectation; strictly and dynamically evaluate the performance of each subsidiary and branch, substantially strengthen risk controlling and prevention ability, and ensure the fulfillment of our annual budget target.
The following documents were reviewed and approved by the board meeting: 2015 General Budget of TISCO Group (Draft), TISCO Group’s Proposal on Influence of New and Cancelled Land Licenses to State-owned Capital, Proposal on Setting up “Yuanjiacun Iron Mine, TISCO”, Proposal on Liquidation of “Shanxi Gangzhong Metallurgical Coking Engineering Technology Company”.
