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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 2019 CNYUSD
Revenue290,790.98M42,083.51M
Gross Profit28,618.83M4,141.74M
Operating income13,183.87M1,907.98M
Income before tax13,692.92M1,981.65M
Net income12,423.23M1,797.90M
EBITDA32,189.65M4,658.51M
Diluted EPS0.560.08
Dividends Per Share0.280.04
Total Assets339,633.00M48,757.91M
Total liabilities146,939.13M21,094.66M
Total equity178,053.11M25,561.40M
Operating cash flow32,697.52M4,732.01M
Currency in CNYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER10.21
ROA3.68%
ROE7.01%
Operating margin4.53%
Profit margin4.27%

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%)
  • HuaAn Fund Management Co., Ltd. (0.2%)
  • Huatai-PineBridge Fund Management Co., Ltd. (0.2%)
  • Bosera Asset Management Co., Ltd. (0.2%)
  • China Asset 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

  • 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
  • Shiloh Industries, Inc.
  • YC Inox Co.,Ltd
  • Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A
Last Updated on 7 May, 2021

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