Sinosteel New Materials Co., Ltd.

Company Profile

1. Leading Advantage in Party Building Adhering to the principle of 'seeking progress while maintaining stability, promoting stability through progress, prioritizing foundational elements before addressing challenges,' and guided by the 'Four Modernizations' as our strategic direction, we embrace the 'Four Imperatives' as our operational framework. By implementing the strategy of 'One Strengthening, Two Optimizations, Three Breakthroughs,' the Party Committee proactively addresses significant issues, adopts innovative concepts, courageously embraces new missions, and spearheads the development of world-class enterprises in new materials through exemplary party building. We will build upon past achievements to craft a new chapter of high-quality development in this new era. 2. Advantages in Technological Innovation and Application As a national high-tech enterprise evolved from scientific research institutes, the company boasts a team of seasoned technical experts and possesses robust research and development capabilities across various domains, including manganese-based new materials, magnetic materials, metal products, mining cement, and metallurgical equipment. The company has repeatedly received provincial and municipal Science and Technology Progress Awards. It places significant emphasis on R&D in science and technology, supported by a strong technological research team overseeing 17 key scientific projects at the corporate level for 2024. As of the report's conclusion, numerous government initiatives are progressing as planned at all levels—comprising one project from the Ministry of Science and Technology, one from the Ministry of Industry and Information Technology, two from the National Development and Reform Commission, six from the National Defense Science and Industry Administration, along with three provincial or municipal projects. During this reporting period, we successfully completed several notable projects: Anhui Province’s "Triple One Creation" initiative titled "Maanshan Yushan Key Electronic Material Major Emerging Industry Special," Maanshan's science innovation project focusing on "Key Technology Research and Industrialization of Graphene Nanocomposite Catalyst," Zhengzhou’s special project concerning "Researching Non-Circular Springs with High-Strength Shaped Spring Wire," as well as military-related work such as “XX Seal Ring Development” which underwent final acceptance testing. Throughout this period, we secured acceptance for 29 patents—including 20 invention patents—and were granted a total of 32 patents comprising 21 invention patents. By the end of this reporting period, our portfolio included 649 valid patents overall; among them were 203 invention patents. 3. Platform construction and market brand advantage The company is a leading enterprise in manganese based new materials, magnetic materials, inspection and testing, metal products, etc., with a state-level enterprise technology center, it is a national technology innovation demonstration enterprise, the fourth batch of national specialized and special new "little giant" enterprises of the Ministry of Industry and Information Technology, and the seventh batch of national manufacturing individual champion demonstration enterprises. It has six national important innovation platforms, including the National Metal Products Quality Supervision and Inspection Center, the National and local Joint engineering research Center of Magnetic Materials and their Application Technology, and postdoctoral workstations, and eight provincial and ministerial innovation platforms, and has undertaken nearly 30 provincial and ministerial level and above scientific research projects in recent years. In 2023, it was selected into the list of national service-oriented manufacturing demonstration platforms, awarded the national "green factory", and won the honors of "Top 50 specialized and special new" enterprises and Top 100 manufacturing enterprises in Anhui Province. 4. Management and institutional advantages As a listed company held by a central enterprise, a perfect governance structure should be built for the board of directors of the affiliated enterprises; Complete market-oriented operation, the implementation of equity diversification and mixed ownership reform of the subordinate enterprise, the implementation of mid - and long-term incentive programs such as employee stock ownership and equity incentive, realize the interests of the company and employees, make the decision-making mechanism flexible and improve work efficiency; Good selection and employment mechanism, the company's management team at all levels is young and strong, after years of experience with senior industry background and rich management and operation experience, can timely and accurately grasp the industry dynamics, seize market opportunities, and formulate development plans. Since the company was "selected as a science reform demonstration enterprise" in April 2020, it has been awarded the outstanding Enterprise of Science Reform Demonstration Action by SASAC of The State Council for three consecutive times. Through the implementation of comprehensive reform measures such as optimizing corporate governance, increasing delegation of power, strengthening market-oriented mechanism, implementing medium and long-term incentives, encouraging exploration and innovation, and strengthening Party leadership, It will make new and greater contributions to accelerating the construction of a world-class new material enterprise and promoting Chinese-style modernization in an all-round way. 5. Advantages of corporate culture The company attaches great importance to the construction of corporate culture, combined with the company's strategic development planning, with "building a world-class new material enterprise" as the corporate vision, "affecting the dream, attracting the world" as the corporate mission, in the spirit of enterprise, business philosophy, management concept, innovation concept, talent concept, social responsibility concept and so on have been refined and clear, and through effective communication methods, Make the corporate culture concept into the thoughts of employees, give full play to the positive incentive role of corporate culture, and provide a strong spiritual motivation and cultural support for the high-quality development of the company.