The company formulated and implemented measures to increase income and expenditure, reduce costs and increase efficiency to cope with losses caused by the COVID-19

Since the beginning of this year, the COVID-19 has spread all over the world, bringing a huge disaster to enterprises. In order to actively respond to the current severe situation, the company has taken a series of response measures since May to maintain the normal production and operation of the company and minimize the loss from the epidemic. First, the company established a leading group of "increasing revenue and reducing expenditure, reducing cost and increasing efficiency", with the chairman and general manager of the company as the group leader, responsible for formulating specific measures of "increasing revenue and reducing expenditure, reducing cost and increasing efficiency" of the company, and responsible for the organization, leadership and implementation of the measures of "increasing revenue and reducing expenditure, reducing cost and increasing efficiency" of the company. The leading group consists of seven special working groups, including mine production, smelting production, disposal of idle assets, purchase and sale of raw materials and products, capital planning and scheduling, implementation of preferential policies, and comprehensive supervision and summary, respectively, to organize the implementation of specific measures of "opening up sources and reducing costs and increasing efficiency"; Second, extensive publicity and mobilization were carried out to create a strong atmosphere of "increasing revenue and reducing expenditure, reducing costs and increasing efficiency". All production units, government departments and affiliated enterprises of the Company mobilize all employees to participate through various forms of publicity to create a strong atmosphere where everyone in the company cares, pays attention to and participates in "increasing revenue and reducing expenditure, reducing costs and increasing efficiency"; Third, formulate and implement specific measures to "increase income and reduce expenditure, reduce costs and increase efficiency". The company formulated and proposed specific measures of "three guarantees, three reductions, two suspensions, and two tightening": to guarantee production funds, product markets, and normal production; Reduce non productive office expenses, entertainment expenses and travel expenses; Suspend investment in non productive projects and purchase of non urgent materials; Pay close attention to the collection of the old loan arrears over the years, and pay back the sales loan in a timely manner.