Beijing Shougang Co., Ltd.
| Company type | subsidiary | ||||||
|---|---|---|---|---|---|---|---|
| SZSE: 000959 | |||||||
| Industry | Steel manufacturing | ||||||
| Founded | 1999 | ||||||
| Founder | Shougang Corporation | ||||||
| Headquarters | Beijing , China | ||||||
Area served | China | ||||||
Key people | Jin Wei (chairman) | ||||||
| Revenue |  CN¥17.8 billion (2015) | ||||||
| (CN¥1.6 billion) (2015) | |||||||
| (CN¥1.1 billion) (2015) | |||||||
| Total assets |  CN¥66.5 billion (2015) | ||||||
| Total equity | CN¥23.3 billion (2015) | ||||||
| Owner |
| ||||||
| Parent | Shougang Group | ||||||
| Subsidiaries | Jingtang United Iron & Steel (51%) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 北京首钢股份有限公司 | ||||||
| Traditional Chinese | 北京首鋼股份有限公司 | ||||||
| Literal meaning | Beijing Shougang Company Limited by Shares | ||||||
| |||||||
| short name | |||||||
| Simplified Chinese | 首钢股份 | ||||||
| Traditional Chinese | 首鋼股份 | ||||||
| Literal meaning | Shougang Share | ||||||
| |||||||
| Website | www | ||||||
| Footnotes / references in a consolidated basis[1] | |||||||
Beijing Shougang Co., Ltd. is a listed Chinese steel manufacturer. It also a subsidiary of Shougang Group. The shares of Beijing Shougang float in the Shenzhen Stock Exchange.
Beijing Shougang was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index) but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.
Business overview
[edit]The company operated Shougang Group's first steel plant in Shijingshan District. The plant closed in 2009.[2] On 23 April 2015 Beijing Shougang Limited acquired 51% stake of "Jingtang United Iron and Steel" from the parent company, a steel plant in Caofeidian District, Tangshan, Hebei Province, for 9.718 billion RMB cash, plus the 100% stake of a division in Guizhou Province. (Chinese: 贵州首钢产业投资有限公司)
Jingtang United Iron and Steel
[edit]Shougang Jingtang United Iron & Steel Co., Ltd. (Chinese: 首钢京唐钢铁联合有限责任公司) was a joint venture between Shougang Group (51%) and Tangsteel Group (49%). The steel plant was built on modern technology as well as acquiring equipment from overseas, such as from Siemens.[3] It was mentioned in the 11th Five-year plan.[4] In 2010 Tangsteel Group sold the minority interests to Shougang Group. After a net loss of 3.65 billion RMB and 1.76 billion RMB in 2012 and 2013 respectively, the company made a net profit of 124 million RMB in 2014.[5]
In 2015 51% stake of the steel plant was injected to Shougang Group's listed subsidiary Beijing Shougang Co., Ltd., which the subsidiary paid the parent company mostly in cash. Shougang Group retained 49% stake directly.
Equity investments
[edit]As of 31 December 2016[update]
- BAIC Motor (13.54%)
References
[edit]- ^ "2015 Annual Report" (PDF). Beijing Shougang Co., Ltd. (in Chinese). archive of Shenzhen Stock Exchange. 27 April 2016. Archived from the original (PDF) on 6 October 2016. Retrieved 4 October 2016.
- ^ "Shougang Group to Close Last Furnace in Beijing". Beijing Government Web Portal. 2009 [circa]. Archived from the original on 20 December 2016. Retrieved 4 October 2016.
- ^ "Shougang Jingtang expands tinned plate production: Siemens to supply automation and electrical equipment for strip processing and cold rolling lines". Siemens. 14 April 2011. Retrieved 4 October 2016.
- ^ 第十三章 第一节 中华人民共和国国民经济和社会发展第十一个五年规划纲要
- ^ "首钢京唐钢铁联合有限责任公司2012年度、2013年度、2014年度及2015年1-3月审计报告" [Shougang Jingtang United Iron & Steel Co., Ltd. Audit Report (1 January 2012 to 30 March 2015)] (PDF). Grant Thornton (in Chinese). archive of Shenzhen Stock Exchange. 4 August 2015. Archived from the original (PDF) on 6 October 2016. Retrieved 4 October 2016.
