Panzhihua Vanadium and Titanium Co., Ltd. takes multiple measures to enhance the value of Vanadium and Titanium Industry

Since the beginning of this year, due to the dual impact of weakening market demand and expansion of China's production capacity, the vanadium and titanium market has continued to be sluggish. Panzhihua Vanadium and Titanium Co., Ltd.(000629) Co., Ltd. actively responded to challenges, took the initiative to innovate and seek change, and made every effort to overcome the negative impact of profit-reducing factors and concentrated on improving the value of the Vanadium and Titanium industry.

Carry out ideological and conceptual attacks. The company attaches great importance to ideological and political work. Through linkage between upper and lower levels to "learn", accurate interpretation and "speak", and collective wisdom and efforts to "do", it promotes in-depth education on situation and tasks, unifies ideas, and builds consensus. Hold meetings in a timely manner to focus on discussing problems existing in production and operation, safety and environmental protection, procurement cost reduction, outsourcing and other work, thoroughly analyze the reasons, deploy key tasks, and formulate specific measures to form a good situation in which development is pursued under the above-mentioned lead. A major discussion on "how to see, how to do, and how to do" was carried out among all employees, and 747 measures (suggestions) were collected and adopted.

Carry out key tasks to reduce costs and increase efficiency. The company keeps a close eye on the annual cost reduction goal and implements cost control for all employees, all factors, and the whole process. A special rationalization suggestion collection activity was launched to collect "I offer a plan to reduce costs and increase efficiency" to encourage employees to share experiences and promote small reforms to "blow the bran and see the rice". Reduce management expenses and reduce non-essential expenses. Taking consumption quotas as the starting point, we will benchmark the advanced industry, make up for shortcomings and consolidate the long board, and gradually narrow the gap. Comprehensively sort out labor projects, integrate similar businesses in the region, and achieve maximum cost reduction. Adhere to economic supply guarantees and take multiple measures to ensure that the purchase price of auxiliary materials outperforms the market. Carry out in-depth special water conservation work, formulate a water conservation work list containing 52 specific measures, establish water conservation goals based on the average of the optimal level for three consecutive months in 2023, and vigorously promote water conservation work. For projects that have unsatisfactory cost reduction and efficiency improvement effects, we will thoroughly explore the reasons and correct them in a timely manner.

Carry out collaborative efforts in production, marketing, research and finance. Establish a leading group and two special coordination groups to clarify key work contents. The production end optimizes the product structure guided by market demand, balances resources, improves the profitability of key production lines, and maximizes resource efficiency; improves the automation and intelligence level of production lines, improves production efficiency, and ensures product quality; improves key production lines. Research capabilities, promote new projects to reach production capacity and efficiency. The sales end is market-oriented, actively responds to customer needs, and provides technical services to support sales models; deeply cultivates regional markets, grasps orders, flexibly adjusts marketing strategies, and strives to expand the market and increase benefits. The science and technology side will focus on the research and development of key technologies, focus on strategic forward-looking new technologies and new products to break through key technology bottlenecks, improve the integration of products and markets, and optimize the adaptability of processes and production lines. The financial side highlights value guidance, responds to market changes at both ends of purchase and sales, plays a synergistic role, subdivides accounting units, consolidates the cost foundation of the entire industry chain, and serves business needs.