Analysis:
Brief introduction of Baosteel
Shanghai Baosteel Group Co., Ltd. (hereinafter referred to as Baosteel) is a super-large steel joint venture with Baosteel (Group) Company as the main body, Shanghai Metallurgical Holding (Group) Company and Shanghai Meishan (Group) Company as the joint reorganization.
Baoshan iron & steel has a registered capital of 45.8 billion yuan. By the end of 2003, there were 22 wholly-owned subsidiaries (including 9 overseas subsidiaries), 4 holding subsidiaries/kloc-0 (including 2 overseas subsidiaries) and 24 shareholding subsidiaries. Among wholly-owned subsidiaries and holding subsidiaries, steel subsidiary 1 1, financial subsidiary 2 and trading subsidiary 8.
Baosteel is the most competitive iron and steel enterprise in China, with an annual output of about 20 million tons of steel, leading the world in profitability, and its products sell well in domestic and foreign markets. On February 6th, 2004, Standard & Poor's announced that the credit rating of Shanghai Baosteel Group was upgraded from "BBB" to "BBB+". The early outlook of the company's credit rating is "stable". In July, 2004, Baosteel was rated as the 372nd among the top 500 enterprises in the world in 2003 by Fortune magazine, and became the first batch of top 500 enterprises in competitive industries and manufacturing in China.
Baosteel will implement the strategy of high-quality steel products, build high-quality steel bases in China, such as steel for automobiles, oil and gas exploration and transportation, stainless steel, steel for household appliances, steel for transportation equipment, steel for electrical equipment, steel for boilers and pressure vessels, steel for food and beverages, steel for metal products, steel for special materials and steel for advanced construction, and build a research and development base for new technologies, new processes and new materials in China iron and steel industry.
Baosteel implements a moderately relevant diversification strategy, and besides the main steel industry, it is also involved in many industries such as trade, finance, engineering technology, information, coal chemical industry, steel deep processing and comprehensive utilization.
With the implementation of the internationalization strategy, Baosteel has formed a global marketing network composed of nearly 20 overseas and domestic trading companies, established joint ventures and cooperation relations with international steel giants, and established a wide range of strategic cooperation alliances to realize complementary advantages and common development.
Baosteel pays attention to environmental protection, promotes clean production and strives to build a green Baosteel. Baoshan Iron and Steel Company is the first enterprise in China Metallurgical System to pass the ISO- 1400 1 environmental certification, with a greening rate of 42.7 1%, and the air quality in the factory area meets the national standard of scenic spots, making it the first national industrial tourist attraction in China.
Baosteel is eager to repay the society and fund social welfare undertakings. Baosteel Art Award and Baosteel Education Award were successively established, and a large number of outstanding literary and art workers and outstanding teachers and students won awards. Baosteel donated nearly 9 million yuan to the "Hope Project" to build 25 hope primary schools and 1 middle schools. It is Baosteel's long-term pursuit to grow together with society and repay society.
Baosteel adheres to the people-oriented, strict spirit, takes the road of learning and innovation, and pursues the world-class goal.
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