The company's business model
The company's steel sales are mainly through business negotiations with the market and end users through regional sales subsidiaries, obtaining product orders, forming the company's production plan after signing sales contracts, and marketing products in the way of "fixing production by sales". The advance payment method of "payment first and goods later" is adopted to sell steel products, which reduces the risk of bad debts of accounts receivable.
During the reporting period, the company quickly improved its voice in major sales areas. Focusing on optimizing the allocation of resources and narrowing the sales radius, we will further expand the sales channels in the northwest region, strengthen the docking of key units and projects, rapidly increase the market share in the northwest region, and strengthen the right to speak in the regional market. The annual sales volume in Northwest China reached 6,746,200 tons, accounting for 77.37%.