Grasping the New Economic Situation, Tiangong International Continues to Consolidate its Leading Market Position
Establishing a Two-Way Communication Mechanism
Tiangong International Company Limited ("Tiangong International" or the "Group") attaches great importance to two-way communication with investors, and under the premise of complying with relevant listing rules and legal requirements, the Group is committed to providing investors with regular information such as business performance and the latest development progress through different platforms. During the pandemic, for those investors and analysts based in Beijing, Shanghai and Shenzhen, the Group’s investor relations specialists took the initiative to maintain close communication with them to strengthen the confidence of all sectors and the public; in Hong Kong, the team communicated with investors through platforms such as webinars with analysts to increase stakeholders' understanding of the Group's development.
Diversified Interaction Activities
Tiangong International provides diversified communication channels. In addition to online communication, offline roadshows and company visits, it also invites investors to participate in large-scale activities of the Group, such as the Group's 40th anniversary celebration, so that participants can have a deeper understanding of the Group's milestones and future prospects. The Group also invites CFO and members of the investor relations department to communicate with investors. In addition, technicians, business managers or production leaders will be invited to provide professional explanations upon investors’ requests, and it effectively increases the knowledge and understanding of the Group from different perspectives.
Digitalized Management to Integrate Professionalism
Tiangong International is committed to achieving and maintaining high standards of corporate governance and innovation and believes that good corporate governance practices are the foundation of the Group's development and are particularly important for safeguarding the interests of shareholders. To achieve its goals, the Group continuously strengthens internal policies and procedures, provides continuous training for employees, and enhances operational transparency and accountability to all shareholders. It also strives to improve practices and maintain a corporate culture of good conduct.
The Group actively promotes digital management and invests heavily in the creation of the “Digital Tiangong” digital information system, which effectively improves the performance of networked procurement, comprehensively enhances the synergy of the industrial chain, and greatly leverages he Group’s competitiveness in the international market, it also helps improve overall management level.
Economic Recovery Drives Market Demand
In the past year, both the domestic and overseas manufacturing markets continued to recover, which further boosted the demand for Chinese die steel, high-speed steel and other products. The tool steel and cutting tools produced by the Group can widely cover the production needs of the downstream manufacturing industry. With its industry position, product competitiveness and global sales network, the process of import substitution will be accelerated during the economic recovery, and the overseas market share will also be further increased.
The Group believes that the demand for high-end products at home and abroad will continue to increase in the future, and the Group will continue to increase the investment in research and development, such as the powder metallurgy tool and die steel technology that have made breakthroughs in recent years, and keeps focusing on the high-end market through product transformation and upgrading, so as to cope with the uncertain global economic environment.
Being Attentive to Environmental Protection, Advocating Green Manufacturing
In terms of environmental management, the Group strictly complies with various legal requirements to ensure compliance with laws and regulations, and attaches great importance to the status of environmental management in production and operation, and at the same time the Group pays attention to enhancing the environmental protection awareness of all employees.
Regarding production, the Group actively adopts the industry’s advanced electric arc furnace short-process steelmaking process, giving full play to its environmental and economic advantages of low energy consumption and low emissions. By recycling scrap alloy steel, it improves the efficiency of raw material use and promotes green production. In terms of day-to-day management, each subsidiary has set up a special leading group for environmental protection and governance, and strictly promotes environmental protection work in accordance with the environmental management system certification standards.
