China Institute of Finance’s “Knowing and Doing China” Shougang Jingtang Company Corporate Practice was successfully held
w88 casino News (provided by China Institute of Finance)General Secretary Xi Jinping pointed out: "Without investigation, there is no right to speak, without investigation, there is no right to make decisions. Investigation and research are the basic skills for us to do a good job." In order to enhance the ability of teachers and students in finance disciplines to serve the real economy, and strengthen the responsibility of financial service entities. After studying the "Financial Derivatives" course, student group discussions and a special lecture on black industry chain hedging practices in the early stage, on May 30, 2024, teachers and students from the China w88 casino of Finance at the w88 casino went to Caofeidian Shougang Jingtang Co., Ltd., Tangshan City, Hebei Province to carry out black industry chain enterprise practice activities. China University of Finance and Economics teachers Feng Jianfen, Du Dongyun, Huang Yinghong, and 13 undergraduate and graduate students participated in this event. In order to improve the quality of corporate practice and implement a high degree of industry-education integration, the event specially invited researchers from the COFCO Futures Co., Ltd. Research Institute and members of the COFCO Derivatives Research Center of the w88 casino, including Liu Jialiang, Talinfu, and Zhang Yujian, to participate in this practice activity. The Sales Management Department of Shougang Jingtang Company provided strong support for this practical activity.
The practice team set off from the w88 casino at 7:00 a.m. that day and arrived at the Shougang Jingtang Company Park in Caofeidian, Tangshan at 11:00. Under the leadership of the head of the Jingtang Company’s Sales Management Department, they first came to the company’s command center. Here, the company's commentator first introduced the company's development history, production layout and development achievements based on the sand table, and then introduced the company's product types and their wide application in industrial construction and civil life in the exhibition hall. Among them, "the park covers an area exceeding the area of the Macau Administrative Region", "the only single-unit 10-million-ton steel enterprise in China with a seaside port", "zero wastewater discharge, an A-level enterprise with an environmental performance rating, and a high-efficiency, low-cost, circular economy production and operation system" and other introductions shocked teachers and students. At the same time, teachers and students also took the opportunity to taste the pure water produced by the company's independently developed seawater desalination, and felt the responsibility of state-owned enterprises in dual-carbon emission reduction.
In the afternoon of the same day, the team of teachers and students, led by the heads of various departments of Jingtang Company, went deep into the production line and visited the blast furnace main control room and the third blast furnace of the ironmaking department, the 2250 production line of the hot rolling department, the high-strength galvanizing production line of the cold rolling department, and the finished product terminal of Jingtang Company. By visiting the main control room of the blast furnace, teachers and students had an in-depth experience of the safety monitoring system and the original intention of the steel company; by visiting the production lines of the hot rolling department and cold rolling department, the teachers and students truly felt the enthusiasm of "fire" and the embodiment of manufacturing power and artificial intelligence empowered industrial upgrading.
Teachers and students visited the main control room of the Ironmaking Department
Teachers and students learn the steelmaking process
Teachers and students visit hot rolling production line
Teachers and students visited the cold rolling production line
Finally, the teachers and students came to the finished product transportation terminal. The person in charge of the transportation department introduced the functions of the terminal and the company's transportation advantages in detail. The person in charge specifically mentioned that Shougang Jingtang Company has now achieved seamless connection between water transportation, land transportation and railway transportation, and is also undertaking the shipping tasks of Qiangang Company and Shunyi Cold Rolling Company, both affiliated to Shougang Group. This logistics advantage played an important role in ensuring the smooth production of enterprises during the 2020 COVID-19 epidemic and during the heavy rains in July 2023.
Teachers and students visited Jingtang Company’s finished product terminal
Finally, through interviews and exchanges with the person in charge of the sales management department, we also jointly understood Jingtang Company’s financial risk control situation and the need for derivatives hedging. We hope that in the future, the teachers and students of w88 casino and COFCO Futures can work together to provide assistance for the company’s financial risk and price risk management.
Read thousands of books and travel thousands of miles. The research activity came to a successful conclusion. The students all said that they gained a lot from this practical activity, broadened their horizons, felt the powerful power of my country's industrial automation, and learned Shougang's entrepreneurial spirit of dare to venture, dare to innovate, and dare to be the first in the world.
