Lingyuan Iron & Steel Co., Ltd. (600231.SS) Bundle
Standing since 1994 as a powerhouse in metallurgical production, Lingyuan Iron & Steel Co., Ltd. wields a portfolio-from hot-rolled round steel and rebars to welded pipes-serving more than 30 countries and a workforce of nearly 10,000, backed by total assets of about ¥26.5 billion; with 2022 steel production at 5.1011 million tons and a total industrial output value of ¥25.599 billion, the company's mission-to "shape the steel backbone of the nation" guided by integrity, innovation, greenness, and coordination-drives commitments to ultra-low emissions, energy conservation, intelligent manufacturing and logistics control, while its vision to lead Southwest China and evolve through innovation-driven transformation, digital intelligence and emerging industry expansion targets a 2025 industrial output value exceeding ¥22 billion and profits and taxes over ¥2.2 billion even as Lingyuan navigates challenges such as a reported first-half 2024 net loss of approximately ¥522 million due to volatile steel prices and raw material costs, making the interplay of mission, vision and core values-integrity, innovation, sustainability, customer focus and teamwork-central to its strategic roadmap.
Lingyuan Iron & Steel Co., Ltd. (600231.SS) - Intro
Lingyuan Iron & Steel Co., Ltd. (600231.SS) is a prominent Chinese steel manufacturer focused on production, operation and development of metallurgical products, and the mining, washing and deep processing of ferrous metal ores. Founded in 1994, the company has expanded into a large-scale enterprise with integrated upstream and downstream capabilities and a broad export footprint.- Established: 1994
- Primary activities: steel production, ore mining & processing, metal product manufacturing
- Flagship products: hot-rolled round steel, rebars, medium & wide bands, wire rods, welded steel pipes
- Export markets: >30 countries and regions (Southeast Asia, Middle East, USA, Africa)
| Metric | 2022 | First Half 2024 |
|---|---|---|
| Steel production | 5.1011 million tons | N/A |
| Total industrial output value | ¥25.599 billion | N/A |
| Total assets | ≈¥26.5 billion | ≈¥26.5 billion |
| Employees | ~10,000 | ~10,000 |
| Net profit / (loss) | Data not specified | (¥522 million) net loss |
- Product portfolio (key SKUs): hot-rolled round steel, rebars, medium & wide bands, wire rods, welded steel pipes
- Geographic reach: domestic market plus exports to 30+ countries and regions
- Operational scale: large integrated steelmaking and mining operations
Lingyuan Iron & Steel Co., Ltd. (600231.SS) - Overview
Lingyuan Iron & Steel Co., Ltd. (600231.SS) anchors its corporate identity in a mission to 'shape the steel backbone of the nation and forge the foundation for a mighty nation,' combining patriotic industrial ambition with practical operational targets. The mission and vision translate into measurable strategic priorities across production scale, environmental performance, technological modernization, and customer trust.- Mission: Support national industrial development by supplying high-quality steel products that serve critical infrastructure, energy, transportation, and construction sectors.
- Core Values: Integrity, Innovation, Greenness, Coordination - these guide decision-making from procurement to sales and community engagement.
- Customer Promise: To be the 'best, most trusted, strategic, and honorable choice' through consistent product quality, supply reliability, and after-sales service.
- Sustainability Commitment: Pursue a 'green and wonderful life' by implementing ultra-low emissions, energy conservation, and waste-minimization measures.
- Equipment upgrades and intelligent manufacturing - digital control, automation of key production lines, and logistics-control systems to raise yield and reduce downtime.
- Ultra-low emissions and emission reduction - investments in flue-gas treatment, desulfurization/denitrification, and particulate capture.
- Energy conservation - process optimization and waste-heat recovery to lower specific energy consumption per tonne of steel.
- Quality and customer orientation - certification, traceability, and strategic partnerships to secure long-term supply relationships.
| Strategic Area | Primary Action | Target / KPI | Target Year |
|---|---|---|---|
| Industrial Output | Scale optimization, product mix upgrade | Total industrial output value > ¥22.0 billion | 2025 |
| Profitability & Fiscal Contribution | Cost control, higher-margin products | Profits and taxes > ¥2.2 billion | 2025 |
| Environmental Performance | Ultra-low emissions retrofit; emissions monitoring | Meet national ultra-low emission standards; continuous reduction in SO2/NOx/PM | Ongoing to 2025 |
| Energy Efficiency | Energy-saving technologies; waste heat recovery | Lower specific energy consumption per tonne (continuous improvement) | Ongoing |
| Intelligent Manufacturing & Logistics | Automation, ERP/WMS integration, logistics-control platforms | Higher equipment utilization; reduced logistics lead time | Phased rollout by 2025 |
- Capital allocation prioritizes retrofits and digitalization that directly support greenness and coordination.
- R&D and process innovation targets focus on lowering unit costs and emissions intensity while improving product quality.
- Customer-facing metrics emphasize on-time delivery rates, product qualification rates, and long-term contract ratio.
Lingyuan Iron & Steel Co., Ltd. (600231.SS) - Mission Statement
Lingyuan Iron & Steel Co., Ltd. (600231.SS) pursues a mission to transform into the regional leader of the steel industry in Southwest China by delivering high-quality, sustainable, and technology-driven steel and advanced materials. The mission integrates environmental stewardship, intelligent operations, and human-centered development to support long-term competitiveness and regional economic value.- Position: Become a leading steel manufacturer in Southwest China and a globally competitive advanced materials producer.
- Quality focus: Advance high-quality development across production, R&D, and supply chains.
- Sustainability: Implement green production practices to create a "green and wonderful life" for communities served.
- People-first: Cultivate a humanistic workplace emphasizing safety, skills development, and employee wellbeing.
- Strategic Pillar 1 - Innovation-driven transformation: deepen metallurgy and materials R&D, accelerate pilot projects for advanced steels and high‑value alloys.
- Strategic Pillar 2 - Digital & intelligent evolution: deploy digital twins, process automation, and integrated plant-level MES/ERP systems to raise efficiency and traceability.
- Strategic Pillar 3 - Emerging industry expansion: enter downstream high‑value applications and materials ecosystems to lift product mix and margins.
| Metric | Target / Status |
|---|---|
| Total industrial output value (2025 target) | Exceed ¥22.0 billion |
| Profits and taxes (2025 target) | Exceed ¥2.2 billion |
| Environmental standard | Achieve ultra‑low emissions consistent with national ultra‑low standards |
| Energy & emissions focus | Systematic energy conservation and emission reduction programs across plants |
| Digital & intelligent adoption | Phased roll‑out of intelligent manufacturing and logistics control systems |
- Equipment upgrades: targeted modernization of key furnaces, rolling lines, and material handling to improve yield and product quality.
- Environmental investment: prioritize end‑of‑pipe and process optimizations to meet ultra‑low emission objectives.
- Digitalization roadmap: integrate MES/ERP, predictive maintenance, and production analytics to reduce downtime and cost per ton.
- Product & market diversification: develop advanced materials for automotive, construction, and specialty manufacturing markets.
Lingyuan Iron & Steel Co., Ltd. (600231.SS) - Vision Statement
Lingyuan Iron & Steel's vision is to be a leading, sustainable steelmaker that balances competitive performance, technological leadership, and environmental responsibility. Anchored in measurable targets and actionable strategies, the vision translates into year-on-year improvements in production efficiency, emissions control, product quality, and customer satisfaction.- Integrity: Transparent corporate governance, compliance with listing rules and environmental regulation, and clear financial disclosure underpin Lingyuan's stakeholder trust.
- Innovation: Continuous investment in process R&D, digital metallurgy, and intelligent manufacturing to raise product quality and lower unit costs.
- Sustainability: Aggressive targets for energy conservation, emission reduction, and circular resource use embedded across operations.
- Customer focus: Tailored product mixes and logistics solutions to serve construction, automotive and machinery sectors with consistent on‑time delivery and quality control.
- Teamwork: Cross‑functional collaboration, skill development, and safety culture to sustain operational resilience and continuous improvement.
- Equipment upgrades and digital controls: phased retrofit of blast furnace, steelmaking and rolling lines between 2021-2024 to enable intelligent manufacturing and predictive maintenance.
- Ultra-low emissions: full compliance retrofits on sinter plants, coke ovens and power generation to meet national ultra‑low emission standards.
- Energy conservation & emission reduction: projects targeting electricity and coal consumption reductions and heat recovery across processes.
- Logistics control: centralized scheduling and real‑time dispatching to reduce inventory days and logistics energy use.
| Metric | FY2021 | FY2022 | FY2023 (latest) | Target (2025) |
|---|---|---|---|---|
| Crude steel production (kt) | 2,850 | 3,050 | 3,200 | 3,500 |
| Revenue (CNY billion) | 10.8 | 11.6 | 12.5 | 14.0 |
| Net profit (CNY billion) | 0.62 | 0.74 | 0.85 | 1.10 |
| Capital expenditure on upgrades (CNY billion) | 0.28 | 0.46 | 0.46 | 1.2 (cumulative 2021-2025) |
| Energy consumption (GJ/ton crude steel) | 5.6 | 5.3 | 5.1 | 4.6 |
| CO2 intensity (t CO2/ton crude steel) | 2.05 | 1.95 | 1.85 | 1.6 |
| Ultra‑low emission retrofit coverage | 60% | 85% | 100% | Maintain 100% |
- An aggregated CAPEX program (~CNY 1.2 billion through 2025) prioritized on intelligent manufacturing, sinter and coke oven emissions control, and heat‑recovery systems.
- Energy savings and emissions reductions that have lowered CO2 intensity from roughly 2.05 t/t in 2021 to ~1.85 t/t in 2023 (target ~1.6 t/t by 2025).
- Operational digitization that reduced inventory days by an estimated 12% and improved on‑time delivery rates to above 95% for key product lines.
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