Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| So, we have great confidence and we will closely follow the national government's policies to step up |
| So we have a big volume but also great competitiveness |
| So they are all very high-end products, very good with very good profitability |
| So for the downstream, I mean, for the manufacturing industry, it is better than construction industry |
| And second, speaking of the accounting, the work of accounting, the accounting policies or rules, and then the interpretation or understanding of the new accounting rules, everything has been done in a very good way |
| For steel industry, we want to have continuous, stable, and batch by batch production, which has the highest efficiency and most optimized cost |
| So I think for our company in the future, more competitive and market can still, maintain a good growth momentum |
| But anyway, Jinjiang base is profitable and I believe that has made a solid foundation for Jinjiang base |
| At the same time, I hope this project can get very good social effect as well as economic effect to ensure the overall success of this project |
| And also so far this project has been running very successfully |
| So, we got good results from all of our previous projects |
| In terms of green in the low carbon in the beginning half of this year, we've also made some good results, especially in terms of energy efficiency we always try to save it |
| And under the leadership of Baoshan base, the silicon steel production has been greatly improved |
| So that very well shows that our company is really leading in the cost of management and the product competitiveness |
| Therefore, we combine the capabilities of all the basis to enhance our overall ability |
| So, these are some very good results from our integration of R&D and sales and also production |
| And for steel industry I think it's good news because we want to have a efficient production, where there is need in the market instead of pursuing production for the purpose of production and reduce the cost |
| Therefore, by means of M&A, we can really share our very good resources and then we can realize our economy of scales |
| So far, I think the result is good, and our people are highly motivated for the mechanism of PSR like our Baosteel base, the synergy mechanism needs to be deepened |
| We have very excellent R&D team and we have very good technologies |
| We have the product and the profitability is very good |
| And for Baosteel, we would also have some advantages and bring into for play our advantages of our accumulation of technologies and the data and experience |
| Over the past decades of development, in talents and in technology, we have all accumulated a lot of advantages |
| And the cost of the liquid has been reduced so greatly, which supports the profit making, the turnaround in nation base and next mid- and long-term strategy |
| Another thing is we have very stable quality, which is our advantage |
| So in the past six years of BAOS was operation, you can see that we still's basic abilities have also been improved |
| And you can see here, we are selected in the first global sustainability yearbook 2023, and also one of the Best Progressive Enterprise in this industry |
| So, I think all the investors after hearing your answer can be more confident to about going data, information quality, and our internal audit and external audit teams can also be more encouraged by your comments and in the future will carry out even more effective work |
| And this year, we have been to Saudi Arabia for so many times for research and study and now we are very optimistic about this place, because speaking of energy, the cost of energy, it accounts for a higher and higher percentage for our per ton cost |
| We have set up a sick plate business unit two years ago, and now we can see very good integrated effects between different views |
| Statement |
|---|
| Zou, as we all know, the steel demand is weak in China and with this kind of situation |
| You can see from the data that, Brazil industry breaks even, and it is obvious that, the steel maker industry's profitability has gone down |
| And speaking of the outlook for the second half this year still we have a very big pressure in terms of demand |
| But if you look at the general products, those that other companies can also make then their profitability is low |
| And speaking of the domestic production, in July and August, the production was high, but in quarter four, we believe the production will go down |
| So to give you an overview of the first half of this year, I think that you're all familiar with the whole industry is experiencing a kind of a slump |
| In order to maintain profitability, it is very difficult for a lot of companies |
| And speaking of the losses of Baosteel manufacturing base, for the first half of this year, it was negative for 390 million |
| And this year, we know this industry is very difficult |
| So throughout the year, if our output is not going to be higher than last year it means in the second half of this year, we have to reduce our production |
| For this like there's low spec, it is very difficult for them to make money, because there's over supply |
| As for the big type, there can be different smaller types that have a big difference for silicon steel, they have some type that have a big profit and some also make a loss |
| These do a lot of problems as to the plans from Baosteel for silicon steel |
| But if we move late, then we will be lagging behind in the industry and do not have enough competitiveness |
| But when we calculate economic benefits, this is our big challenge |
| The cost competitiveness and the features of the products go beyond way beyond our expectation |
| As a result, so low and mid specs can see oversupply issue more obviously |
| In the beginning of this year, for example, those low emissions steel make a loss |
| I believe in the second half this year, the price will be lower than the first half of this year |
| So primarily the structural changes for example, JV brands, especially Japanese brands, their production and output has been reduced |
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