Afternoon, October 30th, Baosteel Co., Ltd. held its on-line results statement meeting of 3rd quarter of 2013. General manager of Baosteel Group Corporation, Chairman and party secretary of Baosteel Co., Ltd. He Wenbo, CFO and secretary of the Board of Directors of Baosteel Co., Ltd. Zhu Kebing, etc. expressed during on-line communication with investors that it was long-term high attention and support from investors for development of the company that had enhanced the confidence of all Baosteel people in facing market challenge and overcoming difficulties. Baosteel Co., Ltd. would firmly carry out set development plan and strategic route, strenuously improve management results, foster new profit growth points in a continuous way, enhance comprehensive competitiveness and realize sustainable development.

He Wenbo remarked that competitiveness of Baosteel Co., Ltd. was not only determined by its scale of production. Baosteel had long been domestic most profitable iron and steel enterprise for many years, thus it would further focus on enhancement of its competitiveness and its capacity of profit growth, firmly carry out the corporate development plan and strategic route, rather than only seek expansion of its scale of production. Baosteel Co., Ltd. would not only stick to product and service innovation in iron and steel core business to strengthen its core position, but also speed up development efforts in information industry and E-commerce to implement its already formulated strategy of "one body, two wings". Implementation of a strategy needs time not only to display its effectiveness, but also for recognition by the market. Baosteel Co., Ltd. would strenuously carry out the strategy, and enhance its market value with greatest efforts.

At last, He Wenbo expressed that Baosteel Co., Ltd. would continue its communication in more active ways through various channels and formats with the media, institutional investors of dealers, funds etc. and minority shareholders about corporate management dynamics and live up to values of the company.




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