OREANDA-NEWS. January 31, 2013. TISCO’s first board meeting of the year 2013 was held on the morning of Jan. 15, 2013 in Garden International Hotel, Taiyuan. The board meeting was chaired by Li Xiaobo, Chairman of the board. Yang Haigui and Gao Xiangming, Vice Chairman of the board, Liu Fuxing, Hou Jinping, Wang Xinping, Han Ruiping, Wang Jiguang, Chai Zhiyong and Han Zhentang, director of the board, attended the meeting. Supervisory Board member Wang Hua, Geng Lin and Zhang Hengyi sat in on the meeting. Directors and Vice directors of the committees of the Board of Directors, senior managers and persons in charge of the departments concerned also sat in on the meeting, reported the press-centre of TISCO. 
   
The meeting listened and reviewed the work report of 2012 and the working program of 2013 made by Gao Xiangming, President of TISCO; reviewed the budget performance of 2012 and the comprehensive budget (draft) of 2013.
   
The meeting held that, in the year of 2012, the company management focused on the tasks set at the beginning of the year 2012 by the Board of Directors, united and leaded the employees, overcame many difficulties and stood the test; TISCO’s production, operation and construction and the key projects construction achieved remarkable results. In the year of 2012 the output of steel is 10.13 million tons, up 2.25% over the previous year, among it, the output of stainless steel is 3.11 million tons, up 2.77% over the previous year. The realized operating revenue is 140.5 billion yuan, up 10.63% over the previous year. The realized profit is 400 million yuan, which is at the front in China steel producers. The Board of Directors fully affirmed the achievements of the year 2012 made by the company management.
    
The meeting agreed on TISCO’s comprehensive budget (draft) and main targets of 2013 put forward by Gao Xiangming, President of TISCO, that is, the output of steel is 11 million tons, among it, the output of stainless steel is 3.4 million tons; the operating revenue is 155 billion yuan, profit 1 billion yuan; no fatality, no serious injury and no major accident.
   
The meeting pointed out that, facing new challenges in 2013, the company should focus on the structure adjustment, the production and operation and the key projects construction through technological innovation, benchmarking and tapping potentials, improve the safety production and energy saving and emission reduction, strengthen the dynamic appraisal on all subsidiaries and ensure to fulfill the annual budget targets.
 
The meeting agreed on the motion about personal adjustment of the board of directors and the board of supervisors of some subsidiaries.