Baowu

Last updated
China Baowu Steel Group
Company type State-owned enterprise
IndustrySteel
PredecessorShanghai Baosteel Group Corporation
Wuhan Iron and Steel Corporation
Founded1978;47 years ago (1978)
Headquarters Shanghai, China
Key people
Hu Wangming (Chairman)
ProductsSteel, flat steel products, long steel products, wire products, plates
Revenue US$157.216 billion (2023) [1]
US$2.494 billion (2023) [1]
Total assets US$191.964 billion (2023) [1]
Owner Chinese Central Government (100%)
Number of employees
382,894 (2023) [1]
Subsidiaries see list
Website www.baowugroup.com
Footnotes /references
[2]
China Baowu Steel Group Corporation Limited
Simplified Chinese 中国 宝武 钢铁 集团 有限 公司
Traditional Chinese 中國 寶武 鋼鉄 集團 有限 公司
Literal meaningChina Baowu Steel Group Limited [Liability] Corporation
Transcriptions
Standard Mandarin
Hanyu Pinyin Zhōngguó Bǎowǔ Gāngtiě Jítuán yǒuxiàn Gōngsī

Equity investments

Baosteel Group was a minority owner of Metallurgical Corporation of China Limited for 0.65% (as at 30 June 2010). [39] Excluding the investment held by the listed subsidiary Baoshan Iron and Steel, Baosteel Group owned 0.88% stake (via Hwabao Investment) in PetroChina Pipelines, the company that runs West–East Gas Pipeline. [40]

Baosteel Group, as at 31 December 2015, still owned 15.11% stake in New China Life Insurance, a listed company in both Hong Kong and Shanghai Stock Exchange, [41] as well as China Bohai Bank for 11.67% stake, [42] China Pacific Insurance for 14.17% stake. [43]

References

general
specific
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  3. "Contact Us." Baosteel. Retrieved on November 10, 2012. "ADD:Baosteel Tower, Pu Dian Road 370, Pudong New District, Shanghai, 200122, P.R. China Postal Code:200122" - Chinese: "上海市浦东新区浦电路370号宝钢大厦"
  4. "Fitch Revises Baowu's Outlook to Positive; Affirms IDR at 'A'" . Retrieved 2023-08-21.
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  21. Publisher, Stainless Steel World (2001-11-05). "Germany and China undertake joint venture". Stainless Steel World.net. Retrieved 4 June 2021.
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  26. "Aquila Resources Pty Ltd (Aquila) is a privately held resources company with substantial interests in the bulk commodities of metallurgical coal and iron ore. | Aquila Resources". www.aquilaresources.com.au. Retrieved 7 April 2021.
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  40. "DISCLOSEABLE TRANSACTION, CONNECTED TRANSACTION" (PDF). PetroChina. archive of Hong Kong Stock Exchange. 24 December 2016. Retrieved 3 October 2016.
  41. "2015 Annual Report" (PDF). New China Life Insurance. archive of Hong Kong Stock Exchange. 17 April 2016. Retrieved 4 October 2016.
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