On the evening of March 12, CITIC Special Steel (000708.SZ) released the 2023 annual report. In 2023, the company achieved operating income of 114.019 billion yuan, an increase of 15.94%, and the net profit attributable to shareholders of listed companies was 5.721 billion yuan.
In 2023, CITIC Special Steel achieved steel sales of 18.89 million tons, of which export sales reached 2.38 million tons, an increase of 50.1%. The company successfully controlled Tianjin steel pipe, and continuously optimized the variety structure, Tianjin steel pipe turned losses into wins and profits increased significantly. At the same time, CITIC Pacific successfully increased capital to hold Nanjing Iron and Steel Group, CITIC Pacific special steel plate to further enhance competitiveness, and will gradually release synergies in the field of special steel, promote complementary advantages, to meet the needs of industrial upgrading.
As one of the manufacturers of special steel materials with the largest variety and specifications in the world, CITIC Special Steel can produce more than 3,000 varieties and more than 5,000 specifications, and has "six product groups" of alloy steel bars, alloy steel wires, special steel plates, seamless steel pipes, special forged materials, extended products, and deep processing products such as tempered materials, silver bright materials, and auto parts. The variety specifications are complete and have obvious advantages, to provide users with one-stop, package of special steel material solutions.
In 2024, the company's main production and operation target is to achieve a total sales volume of 19.2 million tons, of which 2.8 million tons are exported. Facing cutting-edge technologies, CITIC Special Steel will focus on the field of new materials to carry out scientific and technological research. At the same time, adhere to the business-oriented, relying on their own advantages, as soon as possible to achieve overseas layout, deep construction of "capital + manufacturing + service" special steel industry chain ecosystem, to create the world's most competitive special steel enterprise group.
