China Baowu Steel Group Corporation Limited (hereinafter referred to as “China Baowu”), established by consolidation and restructuring of former Baosteel Group Corporation Limited and Wuhan Iron & Steel (Group) Corporation, was officially unveiled on December 1st, 2016. On September 19th, 2019, China Baowu consolidated and restructured with Ma Steel. China Baowu is a pilot enterprise of state-owned capital investment companies with a registered capital of RMB52.79 billion, an asset scale of over RMB860 billion. In 2019, China Baowu continued in maintaining its industrial leadership position with realized steel productivity of 95.46 million tons, gross revenue of 552.2 billion yuan, and total profits of 34.53 billion yuan. Its operation scale and profitability were ranked the first in the globe, making itself 111th among Global Fortune 500 companies.
With the vision “to become a leader in global steel industry” and the mission to “jointly build high-quality steel ecosystem”, and with shared values of “integrity, innovation, synergy and sharing”, it committed itself to building leading advantages in five aspects of steel production, green development, intelligent manufacturing, service transformation and distinctive benefits through reform and development to build framework of coordinated development of related industries of new materials, intelligent services, resource and environment, industrial parks, and industrial finance etc. based on a green, premium and intelligent steel manufacturing industry, and form capacity of “a China Baowu with hundreds of millions of productivity” and “trillions of operating revenues” by building several pillar industries with RMB100 billion level operating revenues and RMB10 billion level profits and a batch of excellent enterprises with RMB10 billion level operating revenues and RMB1billion level profits.
Aimed at “leading global steel industrial development”, the iron and steel manufacturing industry focused on facilitating scale, technology and benefits leadership, and actively pushed forward intelligent manufacture through industrial restructuring and integration to enhance industry concentration to become world’s first class intelligent manufacture service provider of carbon steel, special steel and stainless steel premium products and implement strategies of green, premium, intelligent, cost-effective and scale production.
New Material Industry focuses on the development of advanced manufacturing industry and the demand by heavy apparatus of a great nation, emphasizes on industrialized production of light metal materials of magnesium, aluminum, titanium etc. needed in areas of new energy, maritime engineering and aerospace etc., special metallurgical materials, metal packaging materials, and carbon-based, silica-based and other inorganic non-metal materials, and enhances differential competitive advantages in areas of high-performance metal materials.
Intelligent service industry has based on big data, cloud computation and AI technologies, built digitalized design and consultation services and smart operational maintenance service businesses for industrial equipment, constructed third-party platform based on steel and related bulk commodities to provide integral solution schemes of full life-cycle intelligent manufacture and services in steel ecosystem.
Resource and environment industry focuses on exploitation, trading and logistics businesses of mineral resources needed by main industry of steel, innovates business models, and constructs world’s first-class mineral resource comprehensive service platform for the full supply chain. Counting on equipments, technologies and resource advantages of city plants, and oriented towards industry and city integration, city mine exploitation and resource comprehensive utilization to formulate a professional industry and an environment-friendly industry with industry and city integration.
Industrial park industry has started from efficiently using stock real estate resources in the group company to build new-type industrial parks through joint investment and cooperation with outsider advantageous enterprises to facilitate city economic transformation and upgrade, safeguard employee new career development during transformation of old steel bases, and support steel ecosystem building.
Industrial Finance is to build a professional, market-oriented and platform-based industrial finance service system to provide services of supply chain finance and asset management for steel ecosystem and further display functions and advantages of finance businesses of industrial companies in supporting real economy development.
China Baowu firmly stuck to initial aspirations and missions to strengthen the nation with industries in jointly building high-quality steel ecosystem, boosting strategic business layout of “one base, five elements” and overall arrangement of “three-step strategic plan” to speed up realization of strategic objectives of “a China Baowu with hundreds of millions of productivity and trillions of operating revenues by building several pillar industries with RMB100 billion level operating revenues and RMB10 billion level profits and a batch of excellent enterprises with RMB10 billion level operating revenue and RMB1billion level profits”, and ceaselessly strive for becoming the global steel industry leader and creating new dimensions of building and developing state-owned capital investment company.
