Type | state-owned enterprise |
---|---|
Predecessor |
|
Founded | 2004 |
Founder | Liaoning and Heilongjiang Governments |
Headquarters | Dalian, Liaoning , China |
Revenue | CN¥20.791 billion (2014) |
CN¥154.787 million (2014) | |
CN¥97.323 billion (2014) | |
Total assets | CN¥51.818 billion (2014) |
Total equity | CN¥6.453 billion (2014) |
Owner |
|
Parent | State-owned Assets Supervision & Administration Commission of Liaoning Government |
Subsidiaries |
|
Website | dtsteel.com |
Footnotes /references in a consolidated basis [1] |
Dongbei Special Steel Group Co., Ltd. | |||||||
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Simplified Chinese | 东北特殊钢集团有限责任公司 | ||||||
Traditional Chinese | 東北特殊鋼集團有限責任公司 | ||||||
|
Dongbei Special Steel Group Co.,Ltd. is a state-owned enterprise based in Dalian,Liaoning Province (the south most city of Northeastern China or Dongbei). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Liaoning (46.1230%) and Heilongjiang (14.5191%),as well as a subsidiary of Liaoning SASAC (22.6839%) and China Orient Asset Management (16.6740%). [1]
The company was formed by the merger of Dalian Special Steel (aka Liaoning Special Steel Group) and Beiman Special Steel Group (literally North Manchuria Special Steel) in 2004. Dongbei Special Steel became the holding company of the two steel maker,plus Fushun Special Steel,a subsidiary of Liaoning Special Steel Group. [1]
In 2016 the enterprise defaulted [2] several times. Chairman Yang Hua committed suicide in March 2016,four days before the first default. [3]
Dongbei Special Steel owned 38.58% stake in Fushun Special Steel (Chinese :抚顺特殊钢股份有限公司),based in Fushun,Liaoning,as the largest shareholder. The shares of the company float in Shanghai Stock Exchange. [4]
China Baowu Steel Group Corp.,Ltd.,commonly known as Baowu,is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong,Shanghai,China. The company was formed by Baosteel Group absorbing its smaller state-owned peer,Wuhan Iron and Steel Corporation in 2016.
Wuhan Iron and Steel Corporation (WISCO) is a Chinese state-owned enterprise. It started to operate in 1958 in Qingshan,Wuhan,Hubei,China.
The China Shipbuilding Industry Corporation (CSIC) was one of the two largest shipbuilding conglomerates in China,the other was the China State Shipbuilding Corporation (CSSC). It was formed by the Government of the People's Republic of China on 1 July 1999 from companies spun off from CSSC,and is 100% owned by State-owned Assets Supervision and Administration Commission (SASAC) of State Council. Headquartered in Beijing,the CSIC handles shipbuilding activities in the north and the west of China,while the China State Shipbuilding Corporation (CSSC) deals with those in the east and the south of the country.
China National Coal Group Co.,Ltd.,known as China Coal Group,is a Chinese coal mining conglomerate that was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. It was the second largest state-owned coal mining enterprise in the mainland China,and the third largest in the world,just after Shenhua Group in 2008,according to a website quoting Xinhua News Agency. It is engaged in coal production and sales,coal chemicals,coal mining equipment manufacturing,coal mine design and related engineering services.
China Pacific Insurance (Group) Co.,Ltd. (CPIC) known as Pacific Insurance,is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation,which was founded in 1991 approved by the People's Bank of China. Its headquarters is in Shanghai.
Magang (Group) Holding Co.,Ltd.,or known as Masteel Group,is one of the major Chinese iron and steel enterprises. Since 2019,it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's State-owned Assets Supervision and Administration Commission (SASAC). It is headquartered in Ma'anshan,Anhui province. The group produced iron and steel via its listed subsidiary Maanshan Iron and Steel Company Limited,which was a listed company since 1993. However,the group had a significant part remained unlisted.
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China,directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs),including appointing top executives and approving any mergers or sales of stock or assets,as well as drafting laws related to SOEs.
Zhuzhou CRRC Times Electric Co. Ltd.,abbreviated as TEC,is a Chinese train manufacturer. It is headquartered in Zhuzhou,Hunan Province. The company is a prominent maker of traction systems for locomotives and for electric multiple units (“EMU”) and urban transit train applications,which generates about 70 percent of the company's total sales.
Shengjing Bank is a commercial bank,with its headquarters in Shenyang,Liaoning Province,China. It was established in 1996 as Shenyang City Commercial Bank and opened in Shenyang City only. It changed its name to Shengjing Bank in 2007 and has since opened branches in Beijing,Tianjin,Dalian,Yingkou,Huludao,Shanghai,Anshan,Changchun,Benxi,Panjin,Chaoyang,Fushun,Jinzhou,Fuxin,Dandong and Liaoyang.
This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE),although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives,SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives. The role of the Chinese Communist Party (CCP) in SOEs has varied at different periods but has increased during the rule of CCP General Secretary Xi Jinping,with the Party formally taking a commanding role in all SOEs as of 2020. For example,Lai Xiaomin,the former president of China Huarong Asset Management,which is a famous state-owned enterprise,announced in 2015 that during the operation of China Huarong Asset Management,the Committee of China Communist Party will play a central role,and party members will play an exemplary role.
Guangxi Non-ferrous Metals Group Co.,Ltd. was a state-owned enterprise of China,based in Nanning,Guangxi Zhuang Autonomous Region. It was managed by the State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Guangxi.
Fushun Special Steel Co.,Ltd. (FSSS) is a Chinese steel maker based in Fushun,Liaoning Province. State enterprise Dongbei Special Steel was the largest shareholder of the company. The rest of the shares float in Shanghai Stock Exchange.
Dongbei Special Steel Group Beiman Special Steel Co.,Ltd. is a state-owned steel maker based in Qiqihar,Heilongjiang Province. Bei-man was the acronym of North Manchuria. The company is a subsidiary of Dongbei Special Steel.
Benxi Steel Group Corp.,Ltd. known as Benxi Steel Group is a Chinese holding company based in Benxi,Liaoning Province,for two steel making group.
Shanghai Meishan Iron and Steel Co.,Ltd.,known as Meishan Iron and Steel,or Meisteel or Meigang is a second-tier subsidiary of Baowu and a first-tier subsidiary of listed company Baoshan Iron and Steel Co.,Ltd. (Baosteel). The company was based in Nanjing.
Baosteel Group Guangdong Shaoguan Iron and Steel Co.,Ltd. known as Shaoguan Iron and Steel or SGIS or Shaogang or Shaosteel is a Chinese steel maker.
Xinjiang Ba Yi Iron and Steel Co.,Ltd. known as Ba Yi Iron &Steel or 8 1 Iron &Steel or August 1 Iron &Steel or BYIS or Bagang or Basteel,is a Chinese steel maker based in Ürümqi,Xinjiang. The company was a second-tier subsidiary of China Baowu Steel Group,via Ba Yi Iron and Steel Group. The rest of the shares of the company float in Shanghai Stock Exchange. Xinjiang government is the minority shareholder of the holding company:Ba Yi Iron and Steel Group.
China Orient Asset Management Co.,Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans.
Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe or its aberration TPCO,is the largest stemless steel pipe maker of China as well as one of the largest in the world.
Shanxi Jincheng Anthracite Mining Group Co.,Ltd. (JAMG) is a Chinese state-owned coal mining conglomerate based in Jincheng,Shanxi. It was owned by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government. JAMG was ranked 386th in 2016 Fortune Global 500. The company also known as Jin Coal Group in China,which "Jin" was the short name of both Jincheng and Shanxi Province,as both named after the ancient Jin. Jincheng was located in one of the 13 important coal mining sites of China,namely "Jin East",which fellow state-owned enterprise Yangquan Coal Industry Group and Lu'an Mining Industry Group were also located in "Jin East".