Hunan Valin Iron and Steel Co., Ltd. (000932)

Hunan Valin Iron and Steel Co., Ltd. (000932)

Hunan Valin Iron and Steel Co., Ltd. (hereinafter referred to as "Valin Iron and steel") is a joint-stock limited company established with Hunan Valin Iron and Steel Group Co., Ltd. as the main sponsor, Changsha Research Institute of mining and metallurgy and other units approved by Hunan Provincial People's government. It was listed on Shenzhen stock exchange in August 1999.

Since its listing, Valin Iron and steel has adhered to the strategy of being refined and strong, and implemented the marketing concept of "deep cultivation of the industry, regional leading and half step ahead". We continued to build "lean production system with zero defect quality management as the core, marketing research and production integration system based on integrated product research and development, and marketing service system supported by information technology", established the differentiated development strategy supported by professional production pattern and cost control, and pursued the high-end position of products in market segments, It is positioned to develop from a steel manufacturer to a "comprehensive service provider of steel products pursuing customer value".

Since its establishment, Hualing iron and steel has invested more than 65 billion yuan to carry out a series of technological transformation focusing on optimizing process, adjusting product structure, saving energy, reducing consumption and enhancing competitiveness, realizing process modernization, large-scale equipment, automatic operation and lean management. The company takes cold and hot-rolled ultra-thin plate, wide and heavy plate, seamless steel pipe with complete size and caliber, fine wire rod and other characteristic products as the development focus. At present, the company has formed a series of production lines of plate, pipe and line products with advanced equipment level at home and abroad. Hualing Xiangtan Iron and Steel Co., Ltd. is the world's top manufacturing base of wide and heavy plate. Hualing Lianyuan Iron and Steel Co., Ltd. has the world's advanced thin slab continuous casting and rolling production line (CSP) and the supporting cold continuous rolling and coating processing lines. Hualing Henggang ranks the fifth in the world and the second in China in the manufacturing strength of seamless steel pipe industry, Valin ArcelorMittal automobile plate Co., Ltd. (Vama) is one of the few enterprises in China that can provide a full range of automobile steel products, producing usibor exclusively ® 1500， Ductibor ® 500 and other high-end products. The reasonable division of labor and specialized production capacity of each subsidiary of Valin have laid a solid foundation for advanced manufacturing.

Focusing on the high-end market and emerging steel field, the company has formed the ability to rapidly launch 2-3 high-end products in each main target market segment every year, deeply ploughing the industry, rapidly developing according to the personalized needs of customers, and promoting the rapid development of the enterprise through the adjustment and upgrading of products and industrial structure. In shipbuilding, marine industry, bridges, high pressure vessels, oil and gas, home appliances, military and other market segments to create a number of "invisible champion.". Valin products are widely used in a large number of super projects and key projects at home and abroad, such as Yamal project in the Arctic Circle, Shenhua Ning coal to oil project, Hong Kong Zhuhai Macao Bridge, capital new airport, combustible ice mining "Blue Whale 1" and so on. And become the main supplier of caterpillar, Sany Heavy Industry, Zoomlion, Gree, Midea and other industry benchmark enterprises. To provide products for Mercedes Benz, BMW, GAC Mitsubishi, SAIC and other high-end automobile manufacturers.

In the unprecedented market change and severe competition pattern of the iron and steel industry, Valin Iron and steel closely around the two central tasks of structural adjustment and transformation and upgrading, adhere to the two eyes inward, deepen the reform of system and mechanism, further tap the potential and create efficiency, significantly improve the business situation, and rapidly improve the profitability. In 2017, the steel output of the company was 16.66 million tons, the sales volume was 16.56 million tons, the net profit was 5.296 billion yuan, and the net profit attributable to the shareholders of the listed company was 4.121 billion yuan, which was significantly higher than the best performance in history.

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