The 2023 New Year Message From  Chairman Cuhui, Dai

2022 was an extraordinary year, and the year 2023 is arriving. On behalf of Hongwang Holding Group, I would like to express my sincere gratitude and greetings to all Hongwang’s friends, employees and families.

The 20th National Congress of the Communist Party of China shows the way of China’s future development. The future belongs to hard workers, and we will continue to learn from the pioneering spirit of party members and cadres, insist on scientific and technological innovation, build "green and intelligent manufacturing" system which helps industrial transformation and upgrading, and take the road of energy saving, environmental protection, and high-quality development.

Achievements come from pulling and working together, and development comes from united efforts. In the past year, facing the complex situation of global changes and the COVID-19 pandemic, all Hongwang people have strengthened our confidence, and kept being down-to-earth. We all gave full play to our advantages, and continuously enhanced anti-risk capabilities to create value for all parties.

In 2022, Hongwang Holding Group ranked 219th in “Top 500 Chinese Manufacturing Enterprises”. The sales revenue exceeded 50 billion yuan and comprehensive strength was further improved.

In 2022, we continued to expand in stainless steel, the world's first hot- rolled black feeding production line has put into production. The first overseas project of hot continuous annealing project with an annual output of 700,000 tons in Indonesia has been put into production smoothly, which has set a number of records in the industry. We have successfully developed the whole coil matte black titanium and the whole coil solid black series of new products, promoted the continuous development of colored stainless steel in the field of application.

In 2022, we actively responded to the national "double carbon" strategy and opened up a "new track" for electrical steel.Hunan Hongwang is the first high-grade electrical steel project of Hongwang Group, set with an annual capacity of 960,000 tons of oriented and non-oriented electrical steel includes 360,000 tons of high-grade non-oriented and 300,000 tons of high permeability oriented. The entire factory is designed and constructed under the standards of the Lighthouse Factory, following the low-carbon and green principles to carry out high-quality and high-performance products fit to the needs of customers. This project has reached the international first-class level in terms of technical route, equipment condition, and overall planning. Product specifications and varieties are fully covered, and all indicators are in line with advanced enterprises, making Hongwang Electrical Steel the most competitive product.

2022 is the year of the group's digital transformation and management reform. As one of the most important projects of the group, various systems of the project are gradually going online. At the same time, we have established a more scientific and reasonable management system and operation mechanism in the process of the digital revolution, created a fairer and more opened environment, and further enhanced our core competitiveness.

As the epidemic prevention and control are gradually improved, the effects of economic stabilization policies are gradually released and market confidence is gradually boosted. We believe that the New Year will usher in a period of rapid economic and social development. We are full of confidence and expectations.

In 2023, Hongwang adheres to the mission of “devote to green intelligent manufacturing, continue to create value for customers”, the vision of “dreams for all”, and promotes the core values of “reliable, pragmatic, open-minded, innovative”. We will forge ahead to realize the everlasting prosperity of Hongwang to move forward courageously, and pursue dreams fearlessly!

Wish you all a happy new year, a happy family, and all the best.
Chairman: Cuhui, Dai
January 1st, 2023