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Non-Energy Minerals

Baoshan Iron & Steel

  • 9.05 CNY
  • -0.04
  • -0.44%
  • China
    Apr 20, 2018
  • Ticker
    SHG(600019)
  • Prev. close
    9.09
  • Market cap (CNY)
    202,417M
  • Market cap (USD)
    32,185.40M
  • Shares
    22,268.10M

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.

Business Summary

Baoshan Iron & Steel Co., Ltd. engages in the manufacture and sale of steel products. It operates through the following business segments: Steel manufacturing, Processing and distribution, Information technology, E-commerce, Chemical industry, and Finance. Its products include cold-rolled carbon steel coils, hot-rolled carbon steel coils, and steel pipe products. The company was founded on February 3, 2000 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2017 CNYUSD
Revenue287,617.88M42,558.22M
Gross Profit38,261.41M5,661.46M
Operating income25,559.20M3,781.94M
Income before tax23,362.50M3,456.90M
Net income19,170.33M2,836.59M
EBITDA43,892.50M6,494.68M
Diluted EPS0.860.12
Dividends Per Share----
Total Assets350,234.63M53,782.95M
Total liabilities174,461.20M26,790.72M
Total equity164,354.78M25,238.75M
Operating cash flow35,067.02M5,188.79M
Currency in CNYCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 189,612.30M 187,318.50M 163,650.93M 244,920.80M 287,617.88M
Gross Profit 17,659.86M 17,525.77M 13,487.95M 25,771.38M 38,261.41M
Operating income 8,077.46M 8,514.73M 3,741.45M 15,380.30M 25,559.20M
Income before tax 7,834.95M 8,122.88M 1,684.81M 11,885.77M 23,362.50M
Net income 5,818.47M 5,792.34M 944.40M 9,075.92M 19,170.33M
EBITDA 18,393.47M 19,035.53M 14,365.20M 32,826.91M 43,892.50M
Diluted EPS 0.35 0.35 0.06 0.55 0.86
Dividends Per Share 0.10 0.18 0.06 0.21 --
Total Assets 227,551.25M 229,262.82M 234,680.26M 359,067.74M 350,234.63M
Total liabilities 105,527.05M 103,501.40M 111,148.08M 197,396.86M 174,461.20M
Total equity 110,512.19M 114,257.92M 112,803.24M 149,777.99M 164,354.78M
Operating cash flow 12,977.24M 29,023.91M 22,143.51M 23,861.66M 35,067.02M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 30,842.89M 30,400.45M 26,037.83M 36,865.90M 42,558.22M
Gross Profit 2,872.60M 2,844.30M 2,146.01M 3,879.15M 5,661.46M
Operating income 1,313.90M 1,381.88M 595.28M 2,315.07M 3,781.94M
Income before tax 1,274.45M 1,318.28M 268.06M 1,789.06M 3,456.90M
Net income 946.44M 940.05M 150.26M 1,366.12M 2,836.59M
EBITDA 2,991.93M 3,089.33M 2,285.58M 4,941.16M 6,494.68M
Diluted EPS 0.05 0.05 0.00 0.08 0.12
Dividends Per Share 0.01 0.02 0.00 0.03 --
Total Assets 37,587.55M 36,954.03M 36,140.24M 51,668.13M 53,782.95M
Total liabilities 17,431.25M 16,683.01M 17,116.55M 28,404.46M 26,790.72M
Total equity 18,254.71M 18,416.81M 17,371.44M 21,552.34M 25,238.75M
Operating cash flow 2,110.91M 4,710.37M 3,523.16M 3,591.69M 5,188.79M

Valuation Measures

Dec 2017
PER9.95
ROA5.40%
ROE12.20%
Operating margin8.88%
Profit margin6.66%

Key executives

  • General Manager & Director: Ji Xin Zou
  • Chief Financial Officer & Board Secretary: Kun Zong Wu
  • Deputy General Manager: An Liu
  • Deputy General Manager: Shuang Jie Chu
  • Securities Representative: Zhi Long Xia

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (75.4%)
  • China Securities Finance Corp. Ltd. (2.8%)
  • China Investment Corp. (Investment Management) (0.8%)
  • HuaAn Fund Management Co., Ltd. (0.3%)
  • GIC Pte Ltd. (Investment Management) (0.2%)
  • Harvest Fund Management Co., Ltd. (0.2%)
  • China Asset Management Co., Ltd. (0.1%)
  • Henderson Global Investors Ltd. (0.1%)
  • FIL Investment Management (Hong Kong) Ltd. (0.1%)
  • E Fund Management Co., Ltd. (0.1%)

Contact Details

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

Related Companies

  • Baosteel India Co. Pvt Ltd.
  • Shanghai Baosteel Industry Development Co., Ltd.
  • Guang Dong Shao Gang New Marine Engineering Materials Co., Ltd
  • Baogang Zhanjiang Iron & Steel Co., Ltd.
  • Shanghai Baosteel Arcelor Laser Welding Co. Ltd.
  • Ouye Yunshang Co. Ltd.
  • Nanchang Baojiang Steel Processing Distribution Co. Ltd.
  • Baosteel Zhanjiang Iron & Steel Co. Ltd.
  • Shanghai Baosteel Stainless Steel Trading Co., Ltd.
  • Baoshan Iron & Steel Co., Ltd. /Steel Pipe Branch/
  • Baosteel Europe GmbH
  • Shanghai Baosteel Baoshan Steel Products Trading Co., Ltd.
  • Shanghai Baosteel Yichang Steelstrip Co. Ltd.
  • Yantai Lubao Steel Tube Co. Ltd.
  • Shanghai Iron & Steel Research Institute
  • Baosteel Group Shanghai No. 5 Steel Co. /Steel Unit/
  • Baosteel Group Shanghai No. 1 Iron & Steel Co. /Steel Unit/
  • Shanghai Meishan Iron & Steel Co. Ltd.
  • Shanghai Baosteel Corp. Shengsi Mayishan Port
  • Bao-Trans Enterprises Ltd.
  • Baosteel do Brazil Ltda.
  • Baosteel Singapore Pte Ltd.
  • Baosteel International Europe GmbH
  • Bao-Island Enterprises Ltd.
  • Baosteel America, Inc.
  • Howa Trading Co., Ltd.
  • Baosteel Hong Kong Trading Co. Ltd.
  • Baosteel Australia Mining Pty. Ltd.
  • Shanghai Baosteel Chemical Co. Ltd.
  • Shanghai Baosteel International Economic & Trading Co., Ltd.

Competitors

  • Fushun Special Steel Co., Ltd. Class A
  • Metalurgica Gerdau SA Pfd
  • Magnitogorsk Iron & Steel Works PJSC
  • Ampco-Pittsburgh Corporation
  • Aperam SA
  • GrafTech International Ltd.
  • Jiangsu Shentong Valve Co., Ltd Class A
  • Khartsyzsk Tube Works PJSC
  • SCHMOLZ + BICKENBACH AG
  • Vallourec SA
  • YC Inox Co.,Ltd
  • Yieh United Steel Corp.
  • Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A
Last Updated on 20 Apr, 2018

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