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Non-Energy Minerals

Baoshan Iron & Steel Co., Ltd.

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 2020 CNYUSD
Revenue283,155.49M41,023.74M
Gross Profit27,537.31M3,989.62M
Operating income14,827.67M2,148.24M
Income before tax14,740.93M2,135.67M
Net income12,676.77M1,836.61M
EBITDA33,240.08M4,815.84M
Diluted EPS0.570.08
Dividends Per Share0.300.04
Total Assets356,636.55M54,533.25M
Total liabilities155,673.31M23,803.98M
Total equity184,371.28M28,192.19M
Operating cash flow30,635.97M4,438.55M
Currency in CNYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 244,920.80M 287,617.88M 303,881.11M 291,164.59M 283,155.49M
Gross Profit 25,771.38M 38,261.41M 42,341.92M 28,858.48M 27,537.31M
Operating income 15,393.91M 25,617.39M 27,716.08M 13,993.87M 14,827.67M
Income before tax 11,885.77M 23,362.50M 26,229.04M 14,475.87M 14,740.93M
Net income 9,075.92M 19,170.33M 21,448.76M 12,563.01M 12,676.77M
EBITDA 32,840.52M 43,950.69M 46,900.86M 33,036.02M 33,240.08M
Diluted EPS 0.55 0.86 0.97 0.56 0.57
Dividends Per Share 0.21 0.45 0.50 0.28 0.30
Total Assets 359,067.74M 350,234.63M 335,262.77M 347,527.24M 356,636.55M
Total liabilities 197,396.86M 174,461.20M 144,923.46M 154,853.44M 155,673.31M
Total equity 149,777.99M 164,354.78M 176,375.56M 177,977.61M 184,371.28M
Operating cash flow 23,861.66M 35,067.02M 48,748.79M 36,090.85M 30,635.97M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 36,865.90M 42,558.22M 45,924.22M 42,137.58M 41,023.74M
Gross Profit 3,879.15M 5,661.46M 6,398.94M 4,176.42M 3,989.62M
Operating income 2,317.11M 3,790.55M 4,188.61M 2,025.20M 2,148.24M
Income before tax 1,789.06M 3,456.90M 3,963.88M 2,094.96M 2,135.67M
Net income 1,366.12M 2,836.59M 3,241.45M 1,818.13M 1,836.61M
EBITDA 4,943.21M 6,503.29M 7,087.92M 4,781.00M 4,815.84M
Diluted EPS 0.08 0.12 0.14 0.08 0.08
Dividends Per Share 0.03 0.06 0.07 0.04 0.04
Total Assets 51,668.13M 53,782.95M 48,831.55M 49,891.21M 54,533.25M
Total liabilities 28,404.46M 26,790.72M 21,108.33M 22,230.85M 23,803.98M
Total equity 21,552.34M 25,238.75M 25,689.37M 25,550.57M 28,192.19M
Operating cash flow 3,591.69M 5,188.79M 7,367.19M 5,223.09M 4,438.55M

Valuation Measures

Dec 2020
PER10.39
ROA3.60%
ROE6.99%
Operating margin5.23%
Profit margin4.47%

Key executives

  • Securities Representative: Zhi Long Xia

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (65.4%)
  • China Securities Finance Corp. Ltd. (3.0%)
  • Baoshan Iron & Steel Co., Ltd. (1.9%)
  • Beijing Shouxi Investment Management Co. Ltd. (1.8%)
  • China Investment Corp. (Investment Management) (0.8%)
  • GIC Pte Ltd. (Investment Management) (0.4%)
  • WANG YING YING /CN/ (0.3%)
  • Guotai Asset Management Co., Ltd. (0.3%)
  • Huatai-PineBridge Fund Management Co., Ltd. (0.3%)
  • HuaAn Fund Management Co., Ltd. (0.2%)

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 Laser Tailor Welding International GmbH
  • Po Wan Enterprise Co., Ltd.
  • Shengsi Baosteel Majishan Port Shipping Co., Ltd.
  • Shanghai Baosteel Asset Management Co., Ltd.
  • Baoli Steel Pipe (Thailand) Co., Ltd.
  • Desheng Nickel Co., Ltd.
  • BGM Co., Ltd. (South Korea)
  • Yantai Lubao Steel Pipe Co., Ltd.
  • Baosteel Resources Holding (Shanghai) Co., Ltd.
  • Wuhan Iron & Steel Co. Ltd. /2/
  • 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.
  • 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
  • Baogang Huangshi Coating Sheet Co., Ltd.
  • Shanghai Baosteel Baoshan Steel Products Trading Co., Ltd.
  • Shanghai Baosteel Yichang Steelstrip Co. Ltd.
  • Yantai Lubao Steel Tube Co. Ltd.
  • Baosteel Group Finance 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.

Competitors

  • POSCO
  • JFE Holdings, Inc.
  • SSAB AB Class A
  • thyssenkrupp AG
  • Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A
Last Updated on 21 Oct, 2021

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