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Is CITIC Special Steel a state-owned enterprise or a central enterprise?
Central enterprises. The major shareholder of CITIC Special Steel is CITIC Pacific Special Steel Investment Co., Ltd., which holds more than 75% of the shares, and CITIC Group is behind it, so CITIC Special Steel after the backdoor is also a central enterprise. CITIC Pacific Special Steel Group (hereinafter referred to as CITIC Special Steel) is a specialized group company controlled by CITIC Pacific Limited, a Hong Kong listed company of China CITIC Group. Including Jiangyin Xingcheng Special Steel Co., Ltd., Hubei Xinye Iron and Steel Co., Ltd., Daye Special Steel Co., Ltd., Anhui Tongling Xinyaxing Coking Co., Ltd. and Yangzhou Taifu Special Materials Co., Ltd., Jiangyin Xingcheng Special Steel and Hubei Xinye Iron and Steel are among the top 500 in China and one of the top 500 in China. Zhongte Group has an annual output of 9 million tons of excellent special steel and advanced technology and equipment in the world. It is the world's largest special steel manufacturing group and the largest production base of high-standard bearing steel, gear steel, automobile steel, spring steel, alloy tube blank steel, high-precision medium-thick seamless steel tube, high-alloy steel and free-cutting non-quenched and tempered steel in China.
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