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Jinchuan contributes to new chapter in China's nickel cobalt industry

Updated : January 9, 2023

On January 8, Wang Yongqian, party secretary of the CPC Jinchuan Group committee and chairman of Jinchuan Group, gave a personal interview, and introduced Jinchuan Group's implementation of the spirit of the 20th National Congress on technological innovation, digital transformation, Party building and other aspects, demonstrating Jinchuan's efforts in contributing to a new chapter in China's nickel cobalt industry.

"The 20th CPC National Congress has made new arrangements and set new requirements for the high-quality development of state-owned enterprises. Based on this, Jinchuan Group has fully integrated into the overall development of Gansu province, accelerated the implementation of the innovation driven development strategy, promoted high-quality development through scientific and technological innovation, and created a world-class enterprise," said Wang Yongqian.

To further fulfill the spirit of the 20th National Congress, Jinchuan Group has focused on technological innovation, striving to tackle major technological difficulties. As technological innovation is key to the development of Jinchuan Group and essential in facing all kinds of challenges, the company has always made it a priority, putting it at the core to lead high-quality development. By giving full play to Jinchuan's technological innovation, the company has shouldered the responsibility of being a leading enterprise in four industrial chains, namely, the nickel cobalt, copper, power battery and chlor-alkali chemical industries. It has focused on the transformation and upgrading of the whole industrial chain and the cultivation of emerging industries to enhance its core competitiveness and expand the influence of the company in the market.

Jinchuan will ensure that the total R&D investment at the end of the 14th Five-Year Plan (2021-25) period is no less than 5.5 billion yuan (about $810 million), strive to undertake more than 5 national major projects and 20 provincial key projects, and achieve a conversion rate of scientific and technological achievements of more than 65%.

Moreover, Jinchuan Group has also established a high-quality development path for the company. At present, Jinchuan is in a critical period for its high-quality development and building a first-class enterprise. It will adhere to the overall strategy of "Party building, reform, innovation driven, high quality improvement with efficiency, transformation and upgrading", implement the working policy of "scale multiplication, structure optimization, path innovation, and Party building guarantee", and focus on key indicators, such as an operating revenue of 520 billion yuan and a total industrial output value of 350 billion yuan by the end of the 14th Five-Year Plan period.

The company will continue to focus on the four projects of "upgrading the industrial base and modernizing the industrial chain", "comprehensively deepening reform", "digital transformation" and " benchmarking management improvement with world-class level", building a collaborative, vibrant, lasting and stable industrial cluster along the entire industrial chain, and a world-class multinational enterprise for nonferrous metals and related new materials.

Furthermore, Jinchuan has been promoting its digital transformation. It will continue to grasp the key period of digital transformation and upgrading of traditional industries, and systematically promote digital reform in all fields. Taking advantage of new technologies and applications of the Internet, the company will transform extensive production into precise and intensive production, and improve productivity.

In order to achieve Jinchuan's high-quality development, it will adhere to the overall leadership of the Party, and effectively transform the organizational advantages of the Party into the development advantages, innovation advantages and competitive advantages of the company.

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