Asia300

Baoshan Iron & Steel Co., Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 17, 2017
Prev close: 8.84
Nov 17, 2017
Market cap:
Market cap(USD):
195,387.5M
29,458.21M
Shares: 22,102.65M

Currency in CNY

Company profile

Market(Ticker): SHG(600019)
Sector:
Industry:
Non-Energy Minerals
Steel
Full time employees: 37,183

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 2016

  • Local currency
  • US Dollar
Revenue 185,186.78M
Gross profit 22,501.56M
Operating income 12,988.95M
Income before tax 11,188.02M
Net income 8,965.51M
EBITDA 25,291.84M
Diluted EPS 0.55
Dividends per share 0.21
Total assets 268,343.35M
Total liabilities 135,551.56M
Total equity 121,266.02M
Operating cash flow 17,594.51M

Currency in CNY

Revenue 27,874.63M
Gross profit 3,386.97M
Operating income 1,955.12M
Income before tax 1,684.04M
Net income 1,349.50M
EBITDA 3,806.97M
Diluted EPS 0.08
Dividends per share 0.03
Total assets 38,613.33M
Total liabilities 19,505.22M
Total equity 17,449.60M
Operating cash flow 2,648.35M

Currency in USD

Valuation measures

Dec 2016

PER 11.54
ROA 3.56%
ROE 7.66%
Operating margin 7.01%
Profit margin 4.84%

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(73.0%)
  • China Securities Finance Corp. Ltd.(2.8%)
  • Beijing Chengtong Financial Holding Investment Co. Ltd.(2.4%)
  • China Investment Corp. (Investment Management)(0.8%)
  • China Asset Management Co., Ltd.(0.4%)
  • Harvest Fund Management Co., Ltd.(0.2%)
  • GIC Pte Ltd. (Investment Management)(0.2%)
  • BlackRock Asset Management North Asia Ltd.(0.2%)
  • HuaAn Fund Management Co., Ltd.(0.1%)
  • Huatai-PineBridge Fund Management Co., 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.