Beijing Shougang Co., Ltd.

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"Beijing Shougang" redirects here. For for other use, see Beijing Shougang (disambiguation).
Not to be confused with Shougang Group.
Beijing Shougang Co., Ltd.
Typesubsidiary
SZSE: 000959
IndustrySteel manufacturing
Founded1999
FounderShougang Corporation
Headquarters
Beijing
,
China
Area served
China
Key people
Jin Wei (chairman)
RevenueDecrease CN¥17.8 billion (2015)
Decrease (CN¥1.6 billion) (2015)
Decrease (CN¥1.1 billion) (2015)
Total assetsIncrease CN¥66.5 billion (2015)
Total equityDecrease CN¥23.3 billion (2015)
Owner
ParentShougang Group
SubsidiariesJingtang 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 meaningBeijing Shougang Company Limited by Shares
short name
Simplified Chinese首钢股份
Traditional Chinese首鋼股份
Literal meaningShougang Share
Websitewww.sggf.com.cn
Footnotes / references
in a consolidated basis[1]

Beijing Shougang Co., Ltd. is a Chinese listed 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 (as well as sub-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[]

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[]

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[]

As of 31 December 2016

References[]

  1. ^ "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.
  2. ^ "Shougang Group to Close Last Furnace in Beijing". Beijing Government Web Portal. 2009 [circa]. Retrieved 4 October 2016.
  3. ^ "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.
  4. ^ 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
  5. ^ "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.

External links[]

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