Xinjiang Zhongtai Group's economic performance in the first three quarters is stable and improving, showing resilience

Since the beginning of this year, in the face of the severe test brought by the Covid-19 epidemic and the complex and changeable domestic and foreign environment, Xinjiang Zhongtai Group has fully implemented the new development concept, adhered to the general work principle of seeking progress while maintaining stability, and coordinated the promotion of epidemic prevention and control and economic and social development. , through measures such as increasing income and reducing expenditure, reducing costs and increasing efficiency, expanding markets, increasing income and increasing profits, etc., to ensure supply, transportation, and steady growth, and actively consolidate the positive momentum of economic operation. From January to September, the operating income was 173.2 billion yuan, a year-on-year increase of 40%. With a total profit of 3.319 billion yuan, the foundation for stable economic growth throughout the year has become more stable, and the resilience of economic development has been further strengthened.

In the third quarter, Zhongtai Group has established 16 special leading groups, including policy implementation, raw material supply guarantee, financial empowerment, and technological empowerment, closely focusing on 33 national economic stabilization policies and measures in 6 aspects, actively seeking policy funds, and actively integrate with overseas capital markets, ensure safety, stabilize production and improve efficiency with strong organizational guarantees. In particular, on August 23, Xinjiang Colinside New Energy Co., Ltd. successfully delisted 8 coalbed methane exploration rights in Fukang City, Xinjiang, marking that Xinjiang's unconventional oil and gas exploration and development has entered a new era of leap-forward development, which is also an important milestone for Zhongtai Group has taken a key step in building a new pattern of energy supply.

Entering the resin production workshop of Zhongtai Chemical Fukang energy, the company's newly developed product chloroacetate resin pilot plant successfully rolled off the production line, and the product indicators fully meet the standards of similar special resins.

"Fukang Energy has completed the research and development of 8 new special resin products such as high-impact resin, medical resin, vinyl acetate resin, paste resin glove material and more than 20 new products of special PVC pellets in recent years, relying on the unique basic conditions for research and development. The research and development of the company has formed the prototype of diversified operation.”Tang Xiangjun, Secretary of the Party Committee and Chairman of Fukang Energy, said that since the beginning of this year, Fukang Energy has paid close attention to the safety management of the chemical production process, taking the "dynamic management" mechanism as the starting point, and continuously optimizing the production operation control by building a production information + intelligent inspection platform, introducing advanced technology to improve chemical process safety management capabilities, accelerating the construction of smart parks, achieving mechanization to replace human labour, automation to reduce human labour, and improve the stable production capacity of the device. In addition, Fukang Energy has established its own amoeba business report analysis system, performance cycle improvement system, performance appraisal and incentive system, focusing on talent training and drawing corresponding business system plans to achieve a virtuous cycle of business development.

As one of the three main businesses of Zhongtai Group, the agricultural sector dares to be the main force, pioneer and lead, and adheres to the principle of "taking the lead with stability and seeking progress while maintaining stability". Since its establishment at the beginning of the year, under the leadership of the Party Committee of the Group, the Zhongtai agricultural sector has always adhered to the direction of reform and innovation and economic development, adhering to the development idea of "trade first, industry promotion, first building channels, then building bases", actively facing the impact of the epidemic under the pressure of the downward market economy, coordinating the promotion of epidemic prevention and control and economic development, focusing on safety production, project construction, business operations, and winter agricultural product supply and transportation, etc., and developing supporting development around the grain, oil, animal husbandry, and tomato industries. For the supply chain trade business, we actively operate online and offline sales platforms such as zthx.com, Xinliang Group’s Douyin Livestream Room, and Supply Chain Trade, laying a solid foundation for the annual economic goals and tasks. In the next step, the agricultural sector will also base itself on both domestic and international markets, comprehensively promote the development of agricultural resources, integrate planting, breeding, production, supply and marketing, the integration of trade, industry and agriculture, and the integration of primary, secondary and tertiary industries. The coordinated development of chain and value-added chain will create a modern agricultural industry system of Zhongtai Group.

At the same time, Zhongtai Group is actively benchmarking against world-class standards, making every effort to promote the implementation of 50 measures in 9 aspects of deepening the reform of state-owned enterprises in the autonomous region, and continuously improve the modernization of corporate governance systems and governance capabilities. Promote the in-depth integration and complementary linkage of the "three major industries" and "seven major sectors" of chemical industry, agriculture, and logistics, so that the main responsibilities and main industries will be more focused, the industrial structure will be clearer, and the construction of a modern "1+3+7+N" will be accelerated. The industrial structure of Zhongtai Group has been further optimized, its innovation capability has been continuously enhanced, and its operation quality has been greatly improved.

In the next stage, Zhongtai Group will thoroughly study and implement the spirit of the 20th National Congress of the Communist Party of China. Earnestly keep the responsibilities of stabilizing growth and promoting development in mind and shoulders in accordance with the deployment requirements of the Fifth Plenary Session of the Tenth Party Committee of the Autonomous Region. Make full use of the package of policies issued by the state and the autonomous region, relying on the advantages of Xinjiang oil and gas, coal, minerals, grain, cotton, fruits and vegetables and other characteristic resources, deeply participate in the construction of eight major industrial clusters in the autonomous region, and unswervingly promote BDO, coal-based new material upgrade demonstration, construction of integrated industrial chain project of new textile materials with an investment of hundreds of billions of yuan. Accelerate the construction of a modern industrial system with Xinjiang characteristics, benefit the people of all ethnic groups, and support high-quality development, and effectively stabilize the economic fundamentals by racing against time and working hard, and contribute to the construction of a beautiful Xinjianga in new era and new journey with state-owned enterprises forces.