The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) recently announced the winners of the 4th Yixing Innovation and Creativity Competition for Central Enterprises. A project by Beijing Beiye Functional Materials Co., Ltd.'s project titled "Key Technologies and Industrialization of Honeycomb Seals and High-temperature Alloy Foils for 'Two Engines'" was awarded first prize, fully demonstrating Shougang Group's formidable capabilities in technological innovation.

Shougang Group places great emphasis on innovation, adhering to its principle of "One Leadership, Two Integrations" principle. With technological innovation as the guiding force, the Group promotes the deep integration of technological innovation with management innovation and business model innovations. Focusing on material innovation, process improvement, and equipment upgrading, the Group is intensifying its efforts to tackle technological challenges, accelerating the transformation and application of technological innovation achievements, making greater breakthroughs in core technologies, and achieving positive progress in the construction of major projects. In 2024, Shougang refined its "One Institute, Multiple Centers" R&D system, targeting major national needs and key sectors. By intensifying its technological research efforts, the Group has undertaken 13 major national, provincial, and municipal-level science and technology projects, formulated or revised 52 international, national, and industry standards, and won 19 provincial, ministerial-level, and above science and technology awards, demonstrating "Shougang's Responsibility" in the nation's pursuit of strength and rejuvenation.

Looking ahead, Shougang Group will strengthen its mission as a key player in innovation, fostering the deep integration of technological innovation with industrial development. The Group will continue to stay abreast of cutting-edge technological advancements, serve the economic construction sector, and respond to national demands, constantly enhancing its innovative capabilities. It will play an even greater role in advancing high-level technological self-reliance and self-improvement, building a modernized industrial system, and developing new, high-quality productive forces, thereby making an even greater contribution to strengthening China's technological prowess.

This year's "Yixing" Innovation and Creativity Competition for Central Enterprises reportedly received a total of 5,067 project submissions from various industries nationwide. Of these submissions, 691 projects advanced to the matchmaking and roadshow sessions. Ultimately, the competition awarded 20 first prizes, 30 second prizes, 50 third prizes, and 100 excellence awards.