Asia300

Baoshan Iron & Steel Co., Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 24, 2017
Prev close: 6.05
Apr 24, 2017
Market cap:
Market cap(USD):
133,721.09M
19,427.45M
Shares: 22,102.65M

Currency in CNY

Company profile

Market(Ticker): SHG(600019)
Sector:
Industry:
Non-Energy Minerals
Steel
Full time employees: 38,089

Business summary

Baoshan Iron & Steel Co., Ltd. engages in the manufacture and sale of iron and steel products. Its products include carbon steel, stainless steel, and special steel. The carbon steel consists of bar, heavy plate, hot rolled steel sheet, cold rolled steel sheet, wire rods, and pipe tube. The stainless steel covers hot rolled steel sheet and cold rolled steel sheet. The special steel supplied in forms of cake, ring, rod, tube, wire, strip, forging, and casting. The company was founded on February 3, 2000 and is headquartered in Shanghai, China.

Company background

Baoshan Iron & Steel is China's leading steelmaker, based in Shanghai. It is a subsidiary of state-owned holding company Baosteel Group, and is listed on the Shanghai Stock Exchange. Established in 1977, Baosteel Group launched a steel plant with technical assistance from Japan's Nippon Steel, now Nippon Steel & Sumitomo Metal, and other steelmakers. It founded Baoshan Iron & Steel and listed its stocks in 2000. Baosteel Group owns some 80% of the company.

Its main plant is located in the Baoshan district of Shanghai. In September, the company's new steel plant will start operations in Zhanjiang, Guangdong Province, with an annual production capacity of 10 million tons. It will be the first large steel plant in the province, which is home to many factories of electronics and auto makers, and will also be positioned as a supply center for Southeast Asia. It has about 38,000 employees.

Chen Derong, president of Baosteel Group, joined the company in 2014 after he served as party secretary of Wenzhou and vice governor of Zhejiang province.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 163,650.93M
Gross profit 13,487.95M
Operating income 4,362.99M
Income before tax 1,776.10M
Net income 1,012.87M
EBITDA 14,985.44M
Diluted EPS 0.06
Dividends per share 0.06
Total assets 234,680.26M
Total liabilities 111,148.08M
Total equity 112,803.24M
Operating cash flow 22,143.51M

Currency in CNY

Revenue 26,037.83M
Gross profit 2,146.01M
Operating income 694.17M
Income before tax 282.58M
Net income 161.15M
EBITDA 2,384.27M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 36,140.24M
Total liabilities 17,116.55M
Total equity 17,371.44M
Operating cash flow 3,523.16M

Currency in USD

Valuation measures

Dec 2015

PER 93
ROA 0.43%
ROE 0.89%
Operating margin 2.66%
Profit margin 0.61%

Key executive

  • Deputy General Manager: Jing Wang
  • Deputy General Manager: Shuang Jie Chu
  • Deputy General Manager: Xi Wei Zhi
  • Securities Affairs Representative: Hong Yu

Share holders

  • China State-Owned Assets Supervision & Admn Commission(57.6%)
  • Beijing Kuailu Industry & Trade Co. Ltd.(2.0%)
  • Beijing Chengtong Financial Holding Investment Co. Ltd.(1.8%)
  • China Investment Corp. (Investment Company)(0.5%)
  • HuaAn Fund Management Co., Ltd.(0.1%)
  • Ping An Pension Insurance Co. Ltd.(0.1%)
  • Yinhua Fund Management Co., Ltd.(0.1%)
  • E Fund Management Co., Ltd.(0.1%)
  • China Asset Management Co., Ltd.(0.1%)
  • FIL Investment Management (Hong Kong) Ltd.(0.1%)

Address

  • Website: http://www.baosteel.com
  • Address: Baosteel Administrative Center, 885 Fujin Road, Shanghai, 201900, China
  • Phone: +86.21.2664.7000

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.