OREANDA-NEWS. January 17, 2014. The first meeting of the year 2014 of TISCO Board of Directors was convened in Garden International Hotel, Taiyuan. The meeting was chaired by Chairman of the Board Li Xiaobo. Vice Chairmen Yang Haigui and Gao Xiangming, Directors Hou Jinping, Zhou Yizhou, Zhang Zhifang,Wang Xinping, Han Ruiping, Wang Jiguang, Chai Zhiyong ,Han Zhentang and Gao Jianbin attended the meeting.
 
Chairman of the Board of Supervisors Zhao Zichuan, Supervisors Wang Hua, Zhang Hui, Geng Lin,Zhang Hengyi attended the meeting. Directors and Vice Directors of the specialist commissions under the board of directors, senior management, the general counsel and persons in charge of Planning and Financial Department of TISCO also attended the meeting.
 
The meeting listened to and deliberated on the report on 2013 performance and 2014 work arrangement made by TISCO President Gao Xiangming,deliberated on the report on 2013 budget performance and 2014 comprehensive budget(draft).
 
It was agreed on the meeting that, around the targets set out by board of directors for 2013, the corporate executives of TISCO united and led employees, overcame the difficulties and withstood the serious tests. TISCO’s production, operation and construction and the key projects construction made remarkable achievements. The output of steel was 9.98 million tons, among it, stainless steel output was 3.22 million tons, up by 3.54 percent over the previous year; operating revenue was 146 billion yuan, up 3.91% over the previous  year; the profits was 500 million yuan, up 25% over the previous year; tax was 2.14 billion yuan, up 7% over the previous year. TISCO Board of Directors fully recognized the achievements made by TISCO’s managers in 2013.
 
The meeting agreed on TISCO’s 2014 overall budget (draft) and main targets put forward by TISCO President Gao Xiangming. The main targets of TISCO in 2014 are: steel output 11.2 million tons, among it, 4 million tons of stainless steel; operating revenue 150 billion yuan and profit 1 billion yuan.
 
The meeting pointed out that when facing the new challenges, we should thoroughly implement the spirit of the 18th National Congress of the Community Party of China and the Third Plenary Session of the 18th National Congress of the Community Party of China, deepen the reforms, improve the operating performance and the comprehensive competitiveness of TISCO by technological innovation, improving the product quality, benchmarking and tapping potentials, lay special stress on safety production, production and management, capacity buildup of the key projects, strengthen the quality management, improve the product quality, intensify the dynamic evaluation on the subsidiaries and improve the risk prevention and control capacity to realize the goals of annual budget.