Beijing Shougang Co., Ltd. is a listed Chinese steel manufacturer. It also a subsidiary of

Shougang Group Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its the Shijingshan district operations were moved out of the city prior to the Olympics due to concerns over pollution. Its subs ...

. 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 The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE. Constituents The full list of all constituent stocks can be found aSZSE Related indices * ...

, 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 Shijingshan District () is an urban district of the municipality of Beijing. It lies to the west of the urban core of Beijing, and is part of the Western Hills area, bordering the districts of Haidian to the northeast and east, Fengtai to the so ...

. The plant closed in 2009. 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 Tangshan () is a coastal, industrial prefecture-level city in the northeast of Hebei province. It is located in the eastern part of Hebei Province and the northeastern part of the North China Plain. It is located in the central area of the Boha ...

, Hebei Province, for 9.718 billion

RMB The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...

cash, plus the 100% stake of a division in

Guizhou Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to the ...

Province. ()

Jingtang United Iron and Steel

Shougang Jingtang United Iron & Steel Co., Ltd. () was a joint venture between Shougang Group (51%) and

Tangsteel Group Tangshan Iron and Steel Group Company Limited, or Tangsteel, founded in 1943 and headquartered in Tangshan, Hebei, is one of the largest steel manufacturing state-owned enterprise in China. Its subsidiary and listed company, Tangshan Iron and ...

(49%). The steel plant was built on modern technology as well as acquiring equipment from overseas, such as from Siemens. It was mentioned in the 11th Five-year plan. 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. 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

BAIC Motor BAIC Motor Corporation Limited is a Chinese automaker headquartered in Beijing. The H shares (foreigner share in offshore market) of the company were traded in the Hong Kong Stock Exchange. It was part of BAIC Group, itself a subsidiary of Beiji ...

(13.54%)

References

External links

* {{Steel companies of the People's Republic of China Companies listed on the Shenzhen Stock Exchange Chinese companies established in 1999 Steel companies of China Companies owned by the provincial government of China Manufacturing companies based in Beijing Manufacturing companies established in 1999