Brief introduction of Yongxing Special Steel

Huzhou Yongxing Special Stainless Steel Co., Ltd. is an enterprise specializing in the production and research and development of stainless steel bars and wires. The company was established in July 2000. For more than 8 years, the company has always adhered to the people-oriented, market-oriented, benefit-centered, management-based, science and technology-oriented development, and gradually developed and expanded in the fierce market competition. From a humble small steel mill, it has grown into a national high-tech enterprise, a national top 500 private enterprise and a national leading stainless steel bar and wire enterprise. Due to the impact of the international financial crisis, the steel market demand in China has declined. After the third quarter, the national steel industry output has dropped sharply, the domestic steel sales price has dropped sharply, the actual profit has dropped by 70% year-on-year, steel enterprises have reduced production, and the loss-making enterprises have increased significantly, with the loss area exceeding 50%. The industry is facing severe challenges, and our company has also felt unprecedented pressure. However, the company insists on people-oriented, gives full play to the role of trade unions, and gives full play to the enthusiasm of employees. When the enterprise is in trouble, it does not lay off employees or reduce wages, ensuring the normal growth of employees' employment and wages. Last year, the decline rate of enterprises was lower than the industry average, indicating that the fundamentals of enterprises were good.