Beijing Shougang Co., Ltd.

"Beijing Shougang" redirects here. For other uses, see Beijing Shougang (disambiguation).

Not to be confused with Shougang Group.

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 Co., Ltd.

Company type	subsidiary
Traded as	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)
Operating income	(CN¥1.6 billion) (2015)
Net income	(CN¥1.1 billion) (2015)
Total assets	CN¥66.5 billion (2015)
Total equity	CN¥23.3 billion (2015)
Owner	Shougang Group (79.40%)
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
Transcriptions Standard Mandarin Hanyu Pinyin Běijīng shǒugāng gǔfèn yǒuxiàn gōngsī
short name
Simplified Chinese	首钢股份
Traditional Chinese	首鋼股份
Literal meaning	Shougang Share
Transcriptions Standard Mandarin Hanyu Pinyin shǒugāng gǔfènī
Website	www.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^[update]

• BAIC Motor (13.54%)