In the first quarter of this year, Baotai's net profit increased by 16.36% year-on-year

Since the beginning of this year, China's foreign titanium industry has experienced abnormal fluctuations. Baoji Titanium Co., Ltd. has not flinched in the face of pressure and difficulties, tapped its internal potential, improved efficiency through reform and innovation, and seized the market. In the first quarter of this year, operating income was 1.827 billion yuan. Among them, net profit was 159 million yuan, a year-on-year increase of 16.36%.

It is understood that this year Baoti Co., Ltd. insists on relying on scientific and technological progress to comprehensively improve product quality, reduce production costs, and keep production process technology consistent with international advanced levels. Each production unit has improved efficiency through technological innovation. The wire rod production workshop has improved the efficiency by 3 to 5 times by improving the alloy wire drawing method. The water cooling device of the rolling mill roll has also been modified, which has increased the roll life by 1.5 times and reduced the equipment failure rate by 75%; The metal composite material production workshop adopts innovative processing technology, so that the one-time pass rate of each process reaches more than 98%, and the occurrence rate of quality objections is less than 1%. The company's production positions generally adopt a new diversified assessment method of "working hours + attendance + consumables + additional rewards and punishments" to give full play to the positive incentive role of those who work more and those with high skills, further stimulating workers 'enthusiasm and creative vitality. Most production units exceeded their production tasks in the first quarter and achieved a good start. Not only that, Baoti's hydrogen energy project won the second prize in Beijing City Science and Technology Progress Award. The project has completely independent intellectual property rights and its technical level has reached the international advanced and China's leading level.

Continued reform and innovation have made Baoti's products more excellent and favored by many customers. Currently, the company has become a "gold supplier" and "excellent supplier" to many well-known companies in China. It has also been awarded the Cooperation Award, Qualified Supplier and Delivery Performance Award by French engine manufacturer Safran Group.