Major industries of Baosteel Group Co., Ltd.

Baosteel Resources Co., Ltd. (hereinafter referred to as Baosteel Resources) is a wholly-owned subsidiary of Baosteel Group, formerly known as Baosteel Trading Co., Ltd., which was established on July 2, 2006. It is one of the six business segments of Baosteel Group. The company pursues win-win international cooperation, focuses on the global allocation of mineral resources, and is committed to providing customers with high-quality products and value-added products such as ore, coal, alloy and non-ferrous metals, stainless steel raw materials, scrap steel and logistics. Baosteel Resources has established long-term strategic cooperative relations with well-known suppliers in Australia, Brazil, India, Chile and South Africa. Established strategic coal cooperation relations with many large coal production enterprises at home and abroad, and established four subsidiaries through joint ventures and participated in six coal enterprises; Establish a ferronickel production base in China, and set up Wei Bao Resources Co., Ltd. to process ferrochrome in India; In Shanghai, Zhejiang, Jiangsu and other provinces and cities, there are scrap processing and production bases, leading enterprises in the automobile dismantling industry in Shanghai and the only ship dismantling enterprise in Shanghai with national qualification for dismantling used ships.

The varieties of iron ore and metallurgical accessories operated by Baosteel Resources include: iron ore, lump ore, pellet, limestone, dolomite, serpentine, olivine and so on. Coal types include: main coking coal, fat coal, injection coal, power coal, lump coal and metallurgical coke; Stainless steel raw materials mainly include: nickel, ferronickel, chromium, ferrochrome, laterite nickel ore, chromite and so on. The types of scrap steel are: shearing materials, packaging blocks, pure scrap steel, etc.

Baosteel Resources also provides logistics services such as shipping agency, freight forwarding, railway shipping, warehousing, terminal loading and unloading, and carries out strategic cooperation with China Shipping Group and other enterprises to develop ocean transportation business. Baosteel Development Co., Ltd. (hereinafter referred to as Baosteel Development) is one of the wholly-owned subsidiaries of Baosteel Group. In order to vigorously develop producer services, improve operational efficiency and service quality in producer services and other fields, and provide strong support for the development of iron and steel industry, Baosteel Development carried out business integration and institutional restructuring of the former Baosteel Group Enterprise Development Company at the end of 2007, and established Baosteel Development.

In the new round of development strategy, Baosteel Group regards producer services as an important business segment of the overall planning. In the composition of Baosteel Group's production service industry, Baosteel's net assets account for about 40%, sales revenue accounts for about 75%, and profits account for about 60%, which is an important platform for the development of Baosteel Group's production service industry. After the integration and reorganization, Baosteel Development divided its business into three core business segments (Resource Recovery Division, Factory Operation Division and Factory Property Division) and one supporting business segment (Shanghai Zhongyun Investment Development Co., Ltd.).

The Resource Recycling Division is mainly engaged in services such as harmless disposal and comprehensive utilization of wastes generated in metallurgical production. Its main products are: slag powder, water slag, fly ash, steel slag and so on. New building materials; Magnetic materials such as iron oxide red, iron oxide phosphorus, magnetic core, etc. ; Hot metal dephosphorization agent, metallurgical pellet, molten steel heat preservation agent, etc. Used for metallurgical raw materials; As well as the recycling of waste refractories, waste oil recovery, iron oxide pigments and so on.

Factory Operation Division mainly provides services such as outsourcing of production and operation, maintenance of equipment and facilities, and packaging of metallurgical products. Over the years, it has accumulated rich professional operation experience, which has become an important auxiliary support for Baosteel's main steel industry and has the ability to provide integrated production collaborative services for large and medium-sized manufacturing enterprises and industrial parks.

The property division of the factory has passed the comprehensive conformity system demonstration of ISO 9001/ISO1ISO18001,mainly providing catering services, property management services, commuting services, greening management services, road cleaning services, industrial environmental protection services, and so on.

The supporting business sector (Shanghai Zhongyun Investment Development Co., Ltd.), as an important supporting business sector outside the three core business divisions of Baosteel Development, is positioned as three centers: the fund settlement center, the fund value-added operation center and the accounting bookkeeping center, which is responsible for the accounting outsourcing business and fund settlement of all units within the company, as well as the value-added operation of idle funds after centralized management of the company, so as to realize the scale benefit of funds.

Baosteel Development is integrating its business, deeply adjusting and reorganizing its existing business, focusing on core industries and improving its core competitiveness. Through the common development with the steel industry, we will achieve the development goals of specialization, marketization and socialization, strive to build a modern production service platform, and grow into the most competitive industrial service provider in China. Shanghai Baosteel Engineering Technology Co., Ltd. (referred to as Baosteel Engineering) is a wholly-owned subsidiary of Baosteel Group Co., Ltd., and is the main enterprise of Baosteel to develop engineering technology service industry. Committed to the research, application and promotion of advanced steel technology and metallurgical equipment export, the service field extends from the steel industry to non-ferrous, light industry, chemical industry, machinery, transportation, energy, environmental protection and other industries. With more than ten subsidiaries with first-class metallurgical equipment design and manufacturing capabilities, it has become an engineering technology enterprise with the advantages of complete engineering design, complete equipment design and manufacturing, and integrated equipment supply in the national metallurgical industry. Baosteel's project integrates "scientific research and development, design and manufacturing, complete supply and general contracting", and has successively completed the design of major projects such as Shanghai No.1 Steel Stainless Steel, Ningbo Baoxin Stainless Steel Cold Rolling, Pugang Special Steel and WISCO Stainless Steel Long Profile. The technical transformation project of stainless steel and carbon steel hot rolled coil in Baosteel Group No.1 Iron and Steel Company, which was explored and designed by Baosteel, won the "2007 National Quality Project Gold Award". Baosteel project has core technologies in blast furnace coal injection and waste heat recovery, top-bottom combined blowing, secondary refining, steel slag treatment, dust removal in iron and steel plants, wastewater treatment in cold rolling plants, continuous strip steel treatment, oil well pipe processing line, light steel structure and so on, and enjoys a high reputation in the industry.

Baosteel Engineering is moving towards a world-class engineering company that provides comprehensive solutions for modern iron and steel enterprises, and fully supports Baosteel's new round of large-scale expansion. In 2007, it undertook the overall design of Luo Jing relocation project of Pugang, technical assembly and complete sets of equipment of COREX furnace coal injection system engineering, medium plate relocation project of Xinjiang Bayi Steel, lime kiln project and other projects, which provided strong support for Baosteel's new round of development.

At the same time, Baosteel actively explored the market outside the group, and established strategic cooperative relations with large domestic steel enterprises such as Shaogang, Angang, Baotou Steel and Handan Iron and Steel Co., Ltd., and successively won the bid for projects such as Shaogang RH, Baotou Steel RH, Anyang Steel RH and Hunan Rambo calcium carbide furnace general contracting. And achieved new breakthroughs in overseas business, and successively signed contracts for modern 300-ton RH, LF refining unit, JSW slag treatment and other projects in India, successfully entering overseas markets. Shanghai Baosteel Chemical Co., Ltd. (hereinafter referred to as Baosteel Chemical Co., Ltd.) is a resource-using industry that cooperates with the development of Baosteel's main steel industry and is an important part of Baosteel's strategic development. Baosteel Chemical Industry is the core enterprise of Baosteel Coal Chemical Industry, mainly engaged in the production, sales and scientific research of metallurgical and chemical products. While supporting the development of Baosteel's main steel industry, it also explored the downstream coal chemical industry with high technical content and high added value.

Baosteel Chemical now has three production bases, namely Shanghai Baoshan, Nanjing Meishan and Suzhou Bao Hua Carbon Black Co., Ltd., and Shanxi Taihua Baoyuan Chemical Co., Ltd., which is a shareholder. From the enterprise scale, economic strength, technical and economic indicators and product quality, after more than 20 years of construction and development, Baosteel Chemical has become the largest and most competitive coal chemical enterprise in China.

As one of the multi-sectors of Baosteel Group, under the new development situation, Baosteel Chemical takes "safety, environmental protection, quality, cost, benefit and development" as its business philosophy, based on the comprehensive utilization of coking by-products, closely follows the expansion of steel business scale and layout, makes full use of social resources, and takes the road of "expanding product scale, strengthening chemical products and seeking industrial upgrading" to achieve the goal of building a world-class coal chemical enterprise. The original value of the company's fixed assets is 6.8 billion, and the total assets are 4.8 billion. It has a processing capacity of 2.8 billion cubic meters of coke oven gas, 750,000 tons of tar and 210.5 million tons of crude benzene. The tar processing capacity ranks fifth in the world and first in China, and it has the scale advantage of developing into a world-class coal chemical enterprise.

The main products of Baosteel Chemical are coke oven gas, benzene, naphthalene, phenol, quinoline, oil, coumarone, ammonium sulfate, carbazole, anthraquinone, pitch coke and carbon black, which are widely used in the fields of construction, medicine, pesticides, plastics, tires and dyes. Huabao Trust Co., Ltd. (Huabao Trust for short) was established on 1998. It is the main enterprise for Baosteel to develop its financial industry, with a registered capital of 654.38+0 billion yuan (including 654.38+0.5 million US dollars). It holds Huabao Industrial Fund Management Co., Ltd. (referred to as Huabao Industrial Fund) and Huabao Securities Brokerage Co., Ltd. (referred to as Huabao Securities).

2007 is the first year of Warburg Trust's six-year development strategic plan. With specialization and differentiation as the basic strategy and asset management and trust services as the core, the company strengthened capacity building, brand building and channel building, and achieved large-scale development in the fields of asset management, asset securitization, structured securities investment and private equity fund custody, enterprise annuity and employee welfare plan. In 2007, Warburg Trust's consolidated operating income exceeded 210.92 billion yuan, and its consolidated profit reached10.5/kloc-0.80 billion yuan, an increase of 30 1% compared with 378 million yuan in 2006. The assets under consolidated management reached 6,543.8+0.25 billion yuan, which is the operating performance of the company since its establishment.

In the asset management business, the same type of stock account managed by Huabao Trust ranks in the top 20 among all 245 partial stock funds, becoming the investment consultant of the first phase of ICBC FOF products and the capital preservation strategy products of Industrial Bank, and stepping onto the mainstream stage of asset management.

In terms of channel construction, Warburg Trust has strengthened cooperation with seven domestic commercial banks and foreign banks, and successively issued various wealth management products such as FOF, new share subscription and capital preservation strategy, among which "Enhanced Fund Optimization" and "Delibao Sky Blue New Shares Free Play" won the title of the first top ten bank wealth management products in China in 2007.

In the asset securitization business, Huabao Trust served as the project trustee of Shanghai Pudong Development Bank and ICBC, and the issuance scale exceeded 8.4 billion, accounting for 47% of the asset securitization share in the domestic market that year.

In terms of enterprise annuity business, eight Fortune 500 enterprises and a number of well-known domestic enterprises have become clients of Huabao Trust's "freehand life" collective welfare plan and enterprise annuity business, and Fujian Province has entrusted the enterprise annuities of more than 100 enterprises in three cities to Huabao Trust for management.

Warburg Trust's operating performance and standardized management have been widely recognized. In April 2007, it was approved by the China Banking Regulatory Commission and became the first trust company to pass the "re-registration". In the selection of outstanding trust companies held by shanghai securities news and Securities Times in Shanghai and Shenzhen respectively, they won the titles of "Best Trust Company in China" and "Best Trust Company", and all the selected projects of the company were shortlisted, and won the awards of "Best Securities Trust Plan", "Best Public Trust Plan", "Most Respected Trust Manager" and "Best Trust Manager".

Established in February 2003, Huabao Industrial Fund is the second officially opened Sino-foreign joint venture fund management company in China. It is jointly funded by Huabao Trust and Societe Generale Asset Management Co., Ltd., with a registered capital of RMB 65.438+0.5 billion, of which China Insurance Trust holds 565.438+0% and Societe Generale Assets holds 49%. In 2007, in the "TOP 10 Diamond Fund" selection (the second session), Baokang's flexible allocation, income growth and advanced growth were selected into the diamond fund at the same time, becoming the fund company that won the most "Diamond Fund" awards at the same time. In the same year, he obtained QDII qualification and designed new QDII products.

Warburg Securities started business on March 8, 2002, registered in Shanghai, with a registered capital of RMB 500 million. There are Shanghai Sales Department, Beijing Sales Department, Hangzhou Sales Department, Zhoushan Sales Department, Fuzhou Sales Department and Shenzhen Sales Department. Business scope: Acting as an agent for buying and selling securities, paying principal and interest, paying dividends, acting as an agent for securities custody, authentication, and acting as an agent for registering and opening accounts. In 2007, based on the principles of smooth transition, standardized development, solid foundation and adjustment of layout, Huabao Securities grasped the market opportunity, properly solved the problems left over from history, set up a research institute, and completed the third-party custody of customer assets and account settlement.

Baosteel Group Finance Co., Ltd. (hereinafter referred to as Finance Company) is a national non-bank financial institution approved by the People's Bank of China, which mainly provides a variety of financial services, including centralized cash management, loans, discounts, fund settlement and entrusted wealth management. For group members. 20 12165438+1October12, the unveiling ceremony and signing ceremony of the joint center for scanning electron beam application and analysis technology established by Zeiss (Shanghai) International Trading Co., Ltd. and Baosteel Group were held grandly.

Zhang Pijun, President of Academia Sinica, Assistant to General Manager of Baosteel Group Corporation, Maximilian Foerst, President and Executive Director of Zeiss (Shanghai) International Trading Co., Ltd., Zhang Yuxin, Vice President of Microscopy Department, and Pi Xiaoyu, General Manager of Zeiss Electron Microscope in China attended the unveiling ceremony.

* * * The establishment of "Joint Center for Application and Analysis of Scanning Electron Microscope" is an important measure for Baosteel to carry out material research globally. In the future, the joint center will specialize in cutting-edge research on microstructure analysis, failure analysis, quality control and new product research and development of steel materials, and cooperate with Zeiss on subject research and research and development of high-tech steel grades.

In this cooperation project, China designated strategic partner of Zeiss Electron Microscope Tong Nano Technology Co., Ltd. played an important role. As the main window to promote Zeiss electron microbeam application technology in China, Opal and its top expert team provided three tungsten scanning electron microscopes, a Zeiss high-end field emission electron microscope and a number of comprehensive and effective detection solutions for Baosteel's testing laboratory on 20 1 1. Ou Bo's excellent service and strong technical strength have laid a solid foundation for Baosteel and Zeiss to establish a joint technology center.

The establishment of the technology joint center will integrate the advantages of the two companies, expand the progress in research and technology, and establish a new platform for cooperation in the field of scanning electron beam application analysis technology. In the future, Zeiss will cooperate with Academia Sinica of Baosteel Group in the field of scanning electron microbeam application analysis technology, and give full play to the role of Zeiss scanning electron microscope technology in Baosteel product development.

After the signing ceremony, the guests attending the unveiling ceremony visited the Science and Technology Joint Center and took a group photo. In 2005,No. 10 andNo. 17, Baosteel Group Co., Ltd. was changed from the administrative department for industry and commerce to a wholly state-owned company and registered as Baosteel Group Co., Ltd. according to the relevant provisions of the Company Law.

Liu Dongsheng, director of the Enterprise Reform Bureau of the State Council State-owned Assets Supervision and Administration Commission, specially explained the newly added word "Limited": This shows that Baosteel has changed from a wholly state-owned enterprise to a wholly state-owned company, from being regulated by the Enterprise Law in the past to being regulated by the Company Law. Baosteel is the first central enterprise to establish the board of directors of a wholly state-owned company with more than half of external directors.

Emphasize checks and balances and make effective decisions.

Xie Qihua said that "improving the pilot work of the board of directors" is an opportunity for Baosteel's development. She said that Baosteel will further standardize the rights and responsibilities of investors, the board of directors, the board of supervisors and managers, and form a coordinated and effective governance mechanism in which the authority, the decision-making body, the supervision body and the managers have their own responsibilities.

The parent companies of most central enterprises are still state-owned enterprises registered in accordance with the enterprise law, and basically no standardized board of directors has been established. The first step of Baosteel out of the pilot project is of great significance.

Liu Dongsheng said that as long as there is a good board of directors, pay attention to checks and balances, and make effective decisions, wholly state-owned companies will certainly promote the process of various reforms such as the shareholding system, better represent the interests of shareholders, improve the dynamic mechanism of restructuring central enterprises, and standardize the exercise of shareholders' rights by central enterprises over listed companies controlled by them.

At the pilot work meeting of the board of directors of Baosteel Group Co., Ltd. held on June 5438+07, the State Council sasac director Li Rongrong said that the board of directors of Baosteel should earnestly fulfill its obligations and responsibilities: First, it should be responsible to the investors and pursue the return on investment on their behalf; Second, safeguard the legitimate rights and interests of employees, creditors, users, suppliers and other stakeholders in accordance with the law, and assume due social responsibilities; Third, provide necessary and true information to SASAC in time to ensure the transparency of Baosteel and the board of directors.

Orientation of SASAC

Li Rongrong divided the authority of the board of directors of a wholly state-owned company into two aspects: one is major decision-making and strategic monitoring; The second is to manage managers.

With the establishment of more than half of Baosteel's external directors and a standardized board of directors, Li Rongrong announced that SASAC would no longer be responsible for this evaluation.

Because salary is linked to performance appraisal, it determines the salary of managers. In the future, Baosteel's board of directors will also be responsible for the selection and appointment of relevant management personnel. Li Rongrong said that in order to give full play to the role of the board of directors, SASAC will delegate some functions and powers of investors to the standardized board of directors of wholly state-owned companies.

Relevant persons said that in the past, the board of directors and managers of wholly state-owned enterprises were highly overlapped, and it was difficult to separate the decision-making power from the execution power. The management of managers by the board of directors eventually became "selecting, assessing, rewarding and punishing oneself". Under the condition that the board of directors is not perfect, many things of SASAC "have to be managed offside". Improve the board of directors of wholly state-owned companies. As long as the board of directors is in place, SASAC can position itself, which is of great significance to establish and improve the state-owned assets supervision system.

"leading enterprise"

Li Rongrong said that the Fifth Plenary Session of the 16th CPC Central Committee put forward the main goal of China's national economic and social development during the 11th Five-Year Plan period, one of which was to form a group of "advantageous enterprises with independent intellectual property rights and well-known brands and strong international competitiveness".

He said that Baosteel should make "due contributions" to this national goal. As a measure to deepen the reform of state-owned enterprises, the pilot project of Baosteel's board of directors has a strong demonstration and driving role. Baosteel should take the lead in establishing a relatively perfect modern enterprise system.

Xie Qihua said that in the past 20 years, Baosteel has basically built a high-quality steel base with the highest degree of modernization, the most advanced technology and the largest scale in China, and has become a research and development base for new technologies, new processes and new materials in China's steel industry, ranking among the world's top 500 and international advanced steel enterprises. During the Eleventh Five-Year Plan period, Baosteel will enter a new period of strategic development, with the goal that the comprehensive competitiveness of the main steel industry will enter the top three in the world. "Perfecting the operation mechanism of the board of directors and coordinating the institutional form of enterprises with the inherent requirements of the system will be the basic requirement to ensure the sustainable development of enterprises".