On the occasion of the first anniversary of the successful listing of the company, WBEC carried out a collective signing activity of strategic cooperation projects on April 28. Chongqing Changshou District Party Committee, the People's Congress, the government, the CPPCC, the relevant departments of the Changshou District, and the main leaders of the contracting units attended the event.

The activity demonstrated the company's fundraising and investment projects and the construction of some key projects. The 30,000-ton intelligent silicon steel core project was completed and put into operation. The project implemented MES, WMS and other information systems. It is the only intelligent silicon steel core factory in the southwest region. The project undertakes silicon steel products upstream and transformer products downstream, successfully opening up the key links of the company’s industrial chain, and now has a large number of orders from the market. The first batch of bell-type furnaces for the 80,000-ton high magnetic induction oriented silicon steel project started trial production, achieving the goal of releasing production capacity ahead of schedule.

At the meeting, Mr. Yang Zemin, chairman and general manager of WBEC, reported the achievements made by the company in the past year, and also expressed his heartfelt thanks to all the related parties for their long-term care, support and help.

    Chairman Yang Zemin pointed out: This year, the company kept in mind the responsibilities entrusted to us by shareholders, worked pragmatically and diligently, and achieved good results in business performance. In 2022, we successfully coped with the huge challenges brought by adverse factors such as the wide-spread epidemic and power restrictions out of the high temperature, and achieved operating income of 2.526 billion yuan for the whole year, a year-on-year increase of 30.68%; and realized net profit attributable to the parent of 298 million yuan, a year-on-year increase of 66.59%. In the first quarter of 2023, the company achieved operating income of 571 million yuan, a year-on-year increase of 47.8%; and realized net profit attributable to the parent of 80.28 million yuan, a year-on-year increase of 128.5%. A qualified answer sheet was handed in to all shareholders.

    This year, the company kept in mind its mission as a listed company, reshaping its glory from scratch, and achieving significant results in investment and construction. The company has established the goals of building an enterprise of 10 billion market value, ranking among the top 100 enterprises in China, and building a century-old Wangbian Electric, and has preliminarily completed the construction plan of a 10 billion-level new energy materials and equipment industrial park. Major investment projects have been gradually implemented, the 30,000-ton intelligent silicon steel core project has been completed and put into operation, the first batch of bell-type furnaces for the 80,000-ton high magnetic induction oriented silicon steel project has started trial production, the intelligent complete set project has been basically completed, and the information construction has been followed up simultaneously, laying a solid foundation for the substantial year-on-year growth of key economic indicators of the year.

    This year, the company has kept in mind the country's earnest instructions on high-quality development, made innovative breakthroughs, embarked on transformation, and steadily advanced scientific and technological research and development. The construction of the national enterprise technology center has continued to advance, the R&D center has been completed and put into operation, the R&D facilities and equipment have been upgraded, and a group of outstanding talents have joined the company's R&D and innovation team. Breakthroughs have been made in the research and development of Hi-B steel, and product grades and quality have continued to improve, laying the foundation for achieving "differentiated" competition. The research and development of 10,000-ton electronic soft magnetic materials has progressed smoothly, and the first pilot line is about to enter equipment installation. The research and development of energy storage products and inflatable cabinets has achieved remarkable results. The company's new growth points have sprung up like mushrooms after rain.

    Chairman Yang Zemin said: The achievement of these results is inseparable from the all-round services and special support from the Changshou District Committee, the People's Congress, the government, the CPPCC, and the Economic Development Zone, the strong support and sincere help from strategic partners, the hard work of all employees of the company, the strong support from upstream and downstream of the supply chain, and the concern and attention of shareholders and all sectors of society.

    At the meeting, Zou Hang, member of the Party Committee and deputy general manager of CISDI, delivered a speech on behalf of the strategic cooperation units and contracted enterprises, and Dai Ming, deputy secretary of the Changshou District Committee and mayor of the district government, delivered a speech, congratulating the company on its achievements over the past year, expressing admiration for the wisdom and hard work of all employees of the company, and looking forward to the bright prospects of the company's innovative development and leapfrog development. He will always work with Wangbian Electric to fully support and help the company achieve its strategic goals as soon as possible.

    Subsequently, a centralized signing of strategic cooperation projects was carried out. We have signed agreements with Academician Wang Weihua's team, Jingentropy Technology, Chongqing University, Wuhan University of Science and Technology, and MCC SEDI to cooperate in the research and development of high magnetic induction oriented silicon steel, iron-silicon magnetic powder core materials, and silicon steel manufacturing equipment, and to carry out cooperation in the joint construction of R&D centers, laboratories, and talent teams. We have signed agreements with CECEP Qiyuan Design, National Power Investment Group Yuanda Water Co., Ltd., and Qing'an Energy Storage to cooperate in projects such as energy storage equipment product development, new energy development, and in-depth carbon emission control.

This batch of projects are key projects for the company's innovative development and green development, and are also an important support for determining the company's development speed and efficiency. The company will accelerate the progress of the projects with an enterprising spirit of seizing the moment and a sense of responsibility, strive to achieve substantive breakthroughs as soon as possible, and work tirelessly to welcome a better tomorrow for both parties to the strategic cooperation.