Beijing Shougang Co., Ltd.

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" 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 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

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]. Archived from the original on 20 December 2016. 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.
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