Shandong Taishan, a leading company in the steel industry, has announced its goals for 2023. The company aims to achieve a net profit margin of 5%, with sales revenue of RMB 110 billion (approximately US$16.8 billion). This is a significant increase from last year's figures, which were reported as a 4% net profit margin and RMB 99.7 billion (US$15.3 billion) in sales revenue.
The company's strategy for achieving these targets includes investments in technology and research and development. Taishan plans to invest heavily in new technologies that will enable it to produce high-quality products at lower costs, while also improving efficiency and reducing waste.
In addition to investing in technology, Taishan is also committed to sustainable practices. The company has set a goal of producing zero emissions by 2030, and has already taken steps towards achieving this goal through the implementation of renewable energy sources and other sustainable initiatives.
Overall, Shandong Taishan's goals for 2023 represent a clear vision for the future of the company. By investing in technology, sustainability, and efficient production processes, Taishan hopes to continue its success in the competitive steel industry.