Non-Energy Minerals
Baoshan Iron & Steel Co., Ltd.
In the news
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- Chinese SOEs are focused on business, not politics Sep 13, 2019
- Asia awash in Chinese steel as Trump tariffs wall off US Jul 30, 2019 See more articles on 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 2019 | CNY | USD |
| Revenue | 290,790.98M | 42,083.51M |
| Gross Profit | 28,618.83M | 4,141.74M |
| Operating income | 13,183.87M | 1,907.98M |
| Income before tax | 13,692.92M | 1,981.65M |
| Net income | 12,423.23M | 1,797.90M |
| EBITDA | 32,189.65M | 4,658.51M |
| Diluted EPS | 0.56 | 0.08 |
| Dividends Per Share | 0.28 | 0.04 |
| Total Assets | 339,633.00M | 48,757.91M |
| Total liabilities | 146,939.13M | 21,094.66M |
| Total equity | 178,053.11M | 25,561.40M |
| Operating cash flow | 32,697.52M | 4,732.01M |
| Currency in CNY | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 163,650.93M | 244,920.80M | 287,617.88M | 303,881.11M | 290,790.98M |
| Gross Profit | 13,487.95M | 25,771.38M | 38,261.41M | 42,341.92M | 28,618.83M |
| Operating income | 3,721.47M | 15,393.91M | 25,617.39M | 27,716.08M | 13,183.87M |
| Income before tax | 1,684.81M | 11,885.77M | 23,362.50M | 26,229.04M | 13,692.92M |
| Net income | 944.40M | 9,075.92M | 19,170.33M | 21,448.76M | 12,423.23M |
| EBITDA | 14,390.87M | 32,840.52M | 43,950.69M | 46,900.86M | 32,189.65M |
| Diluted EPS | 0.06 | 0.55 | 0.86 | 0.97 | 0.56 |
| Dividends Per Share | 0.06 | 0.21 | 0.45 | 0.50 | 0.28 |
| Total Assets | 234,680.26M | 359,067.74M | 350,234.63M | 335,262.77M | 339,633.00M |
| Total liabilities | 111,148.08M | 197,396.86M | 174,461.20M | 144,923.46M | 146,939.13M |
| Total equity | 112,803.24M | 149,777.99M | 164,354.78M | 176,375.56M | 178,053.11M |
| Operating cash flow | 22,143.51M | 23,861.66M | 35,067.02M | 48,748.79M | 32,697.52M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 26,037.83M | 36,865.90M | 42,558.22M | 45,924.22M | 42,083.51M |
| Gross Profit | 2,146.01M | 3,879.15M | 5,661.46M | 6,398.94M | 4,141.74M |
| Operating income | 592.10M | 2,317.11M | 3,790.55M | 4,188.61M | 1,907.98M |
| Income before tax | 268.06M | 1,789.06M | 3,456.90M | 3,963.88M | 1,981.65M |
| Net income | 150.26M | 1,366.12M | 2,836.59M | 3,241.45M | 1,797.90M |
| EBITDA | 2,289.67M | 4,943.21M | 6,503.29M | 7,087.92M | 4,658.51M |
| Diluted EPS | 0.00 | 0.08 | 0.12 | 0.14 | 0.08 |
| Dividends Per Share | 0.00 | 0.03 | 0.06 | 0.07 | 0.04 |
| Total Assets | 36,140.24M | 51,668.13M | 53,782.95M | 48,831.55M | 48,757.91M |
| Total liabilities | 17,116.55M | 28,404.46M | 26,790.72M | 21,108.33M | 21,094.66M |
| Total equity | 17,371.44M | 21,552.34M | 25,238.75M | 25,689.37M | 25,561.40M |
| Operating cash flow | 3,523.16M | 3,591.69M | 5,188.79M | 7,367.19M | 4,732.01M |
Valuation Measures
| Dec 2019 | |
| PER | 10.21 |
| ROA | 3.68% |
| ROE | 7.01% |
| Operating margin | 4.53% |
| Profit margin | 4.27% |
Key executives
- Securities Representative: Zhi Long Xia
Shareholders
- China State-Owned Assets Supervision & Admn Commission (67.1%)
- China Securities Finance Corp. Ltd. (3.0%)
- Beijing State-Owned Assets Supervision & Administration (2.1%)
- GIC Pte Ltd. (Investment Management) (1.5%)
- China Investment Corp. (Investment Management) (0.8%)
- WANG YING YING /CN/ (0.5%)
- Bosera Asset Management Co., Ltd. (0.5%)
- Harvest Fund Management Co., Ltd. (0.3%)
- China Asset Management Co., Ltd. (0.3%)
- JPMorgan Asset Management (UK) 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
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- 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
- Angang Steel Co., Ltd. Class H
- Jiangsu Shagang Co., Ltd. Class A
- SGIS Songshan Co., Ltd. Class A
- AnYang lron And Steel Co.Ltd. Class A
- Bengang Steel Plates Co., Ltd. Class B
- Chongqing Iron & Steel Co., Ltd. Class H
- Hunan Valin Steel Co., Ltd. Class A
- Maanshan Iron & Steel Co. Ltd. Class H
- Sansteel MinGuang Co., Ltd., Fujian Class A
- HBIS Co., Ltd. Class A
- Xinyu Iron & Steel Co., Ltd Class A
- Beijing Shougang Co., Ltd. Class A
- Shandong Iron and Steel Co Ltd Class A
- Shandong Nanshan Aluminium Co., Ltd. Class A
- POSCO
- Aperam SA
- GrafTech International Ltd.
- Shiloh Industries, Inc.
- YC Inox Co.,Ltd
- Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A
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Last Updated on 15 Jan, 2021
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