Is China Baowu a state-owned enterprise or a central enterprise?

China Baowu is a state-owned enterprise and a central enterprise. Its full name is China Baowu Iron and Steel Group Co., Ltd., which is an important state-owned backbone enterprise directly managed by the central government and headquartered in Shanghai. In 2020, China Baowu was incorporated into the central enterprise by the State-owned Assets Supervision and Administration Commission of the State Council, building a world-leading demonstration enterprise and becoming a high-tech demonstration enterprise.

I. Overview of Baowu

In June, 2022, China Baowu was officially transformed from a pilot enterprise of a state-owned capital investment company to a state-owned capital investment company by the special evaluation of the State-owned Assets Supervision and Administration Commission of the State Council. At the same time, the construction of a modern industrial chain of low-carbon metallurgy was started, which marked the successful transformation from an industrial group to a state-owned capital investment company. In 2023, it ranked 44th among the world's top 500 companies and continued to rank first among global steel enterprises.

Second, the development of memorabilia.

1, 1890, the steel plant of Jiangnan Manufacturing Bureau, which was later Shanghai Steel Plant, was born in Shanghai and became the historical starting point of China Baowu.

2. 1934, Northwest Steelmaking Plant, a subsidiary of Northwest Industrial Company, was established.

3. 1938, Shanghai Steel Works and Hanyang Iron Works moved to Chongqing, and later became Taigang and Chongqing Steel respectively.

4. 1978, Baosteel project laid the first pile on the coast of the East China Sea.

5. During the period of1998, Baosteel, Shanghai Steel and Meishan were reorganized jointly, and then Bayi Steel and Shaogang were reorganized one after another.

6.20 16 The former Baosteel Group and the former Wuhan Iron and Steel Group implemented joint reorganization to establish China Baowu Iron and Steel Group Co., Ltd.

Since July 2019, China Baowu has been reorganized with Maanshan Iron and Steel Group, Taigang Group, Xingang Group and sinosteel, becoming the actual controller of Chongqing Iron and Steel Co., Ltd. and hosting Chongqing Iron and Steel Group and Kungang Company.

8. In 2020, China Bao's steel output in five years exceeded 654.38 billion tons.

9. In 2023, the asset scale will reach 1.36 trillion yuan, the steel output will reach 65438+300 million tons, and the total operating income will reach 1. 1 trillion yuan.

Three. Business development objectives

1. Committed to building a "one base and five elements" pattern based on the steel manufacturing industry, with the coordinated development of advanced materials industry, green resources industry, steel industry financial business and other related industries.

2. By building an industrial ecosystem model, we will continuously strengthen the collaborative support with the manufacturing industry and each other, and accelerate the digital transformation of the industry with digital industrialization.

3. Create an industrial space carrier, provide industrial support services, focus on supply chain finance and ecosystem finance, and provide financial services for the real industry.

abstract

China Baowu Iron and Steel Group Co., Ltd. adheres to the new development concept, iteratively upgrades the group's development strategy, takes scientific and technological innovation as the core driving force, and makes new and greater contributions to realizing the Chinese dream of the great rejuvenation of the Chinese nation.