Is it true that Baotou Steel turned losses into profits through scientific and technological innovation?

Baotou Steel was once the first five-year plan project, known as the eldest son of the Republic of China, and Premier Zhou Enlai personally held a groundbreaking ceremony for it. However, today, overcapacity and losses are also the situation that Baotou Steel has to face. Only through transformation and upgrading can we continue the pride and glory of * * * and the eldest son of the country.

This year's "Eleventh" holiday, a new product of Baotou Steel-composite steel pipe was put into production. This kind of composite seamless steel pipe combines two materials through hot rolling process, which has both toughness and wear resistance. 80% of the seamless steel pipes in the new Beijing airport under construction come from this production line.

In recent years, Baotou Steel's investment in scientific and technological innovation has remained above 65.438+0.5 billion yuan every year. In the past five years, Baotou Steel has implemented 290 R&D projects and applied for 300 national patents. Innovative achievements have promoted the transformation and upgrading of products and given enterprises a new way of life. In 20 15, Baotou steel lost 8.3 billion yuan in the whole year, and turned losses into profits in the first half of this year.