The restructuring plan repairs and restores business operation functions in multiple ways. The restructuring party participating in this restructuring is Chongqing Changshou Steel Co., Ltd., whose shareholders are Siyuan Joint Fund and Chongqing Zhanxin Fund. Siyuan Joint Fund is China's first steel industry restructuring fund formed by China Baowu Iron and Steel Group and a number of well-known enterprises. It became the largest shareholder of Chongqing Iron and Steel after the restructuring party conditionally transferred 2,096,981,600 shares according to the plan. The transfer conditions include: the restructuring provided 100 million yuan of working capital to the listed company as a cash condition for the transfer of 2,096,981,600 shares of Chongqing Iron and Steel Group; the restructuring party promised to use no less than 3.9 billion yuan of capital to purchase pre-iron assets disposed of by managers through public auctions; the restructuring party proposed Business plan; during the implementation of the restructuring plan, the restructuring will provide loans to Chongqing Iron and Steel with an annual interest rate of not more than 6%. At the same time, using the total share capital of Chongqing Steel's A shares as a base, the capital reserve fund transfers shares at the rate of 11.50 shares for every 10 shares transferred. The transferred shares are not distributed to the original shareholders, and all of them are used to repay debts and pay restructuring expenses in accordance with the provisions of this restructuring plan. The medium- to long-term plan will rebuild established steel companies in the southwest, and product technology upgrades are worth looking forward to. The business plan in the company's restructuring plan is divided into three stages. In the near term (2018), Chongqing Iron & Steel is expected to generate 5.75 million tons/year of crude steel production capacity, 5.1 million tons/year of steel production, and sales of 470,000 tons/year of billets. In the medium term (2019 to 2021), Chongqing Iron & Steel has fully utilized 8 million tons of crude steel production capacity through measures such as transformation to increase production capacity of 1,780 mm hot rolling, adding production lines for electric furnaces and building materials products, and remodeling old rods/lines. The long-term upgrade stage (5 years and later after the completion of this restructuring) combines the steel situation in the Chongqing automobile industry and home appliance industry to build high-quality cold-rolled galvanizing projects and high-quality bar projects, simultaneously supporting steelmaking and hot rolling, and finally forming an industrial collaborative cluster effect with the Chongqing automobile and home appliance industry. Based on the guaranteed amount of regional steel scrap, short process electric furnace transformation is further implemented for the long process process of blast furnace converters in Chongqing Iron and Steel. Based on the crude steel production capacity of 8.3 million tons/year after completion, steel production is 7.78 million tons/year, and steel billet sales is 160,000 tons/year. Detailed planning for the short, medium, and long term will enable Heavy Steel to gradually make a steady transition from a steel company that has resumed profit functions to a high-quality modern steel company. The company's 2018-2019 EPS is expected to be 0.13 yuan, 0.20 yuan, and 0.22 yuan respectively, and the corresponding PE is 19.85x, 12.90x, and 11.73x, giving it a “buy” rating. Risk warning: the resumption of electric furnace production exceeded expectations, steel prices pulled back