Table of Content - baosteel · 2019-12-25 · Table of Content 1. Baosteel at a Glance 30 2....

29

FAC

T B

OO

K 2

004

Table of Content

1. Baosteel at a Glance 30 2. Organization Chart 32 3. Long- and Medium-term Operational Plans 33 4. Corporate Culture 34 5. Enterprise System Innovation 36 6. Production 37 7. Sales 40 8. Financial Highlights 41 9. Raw Materials 44 10. Investments 45 11. Human Resources Management 46 12. R&D 47 13. Environmental Protection 49 14. Corporate Milestone 50 15. Directors, Supervisors and Senior Management 51 16. Top Ten Shareholders 52 17. Subsidiaries 53 18. Dividends 54 Appendix: Facts of Chinese Economy 55 IR Information 56

FAC

T B

OO

K 2

004

30

FAC

T B

OO

K 2

004

Unit 2002 2003

Production

Crude steel Thousand tons 11,582 11,547

Commercial products Thousand tons 10,704 11,068

Sales

Commercial products Thousand tons 10,761 11,047

Number of Employees

Total 15,693 15,325

Credit Rating

S & P BBB (Stable)

1. Baosteel at a Glance

31

FAC

T B

OO

K 2

004

Unit 2002 2003 Unit 2002 2003

Income Statement

Income from princi-pal operations

Million in RMB 33,877 44,158 Million in USD 4,093 5,335

Net earnings Million in RMB 4,272 7,014 Million in USD 516 847

EPS RMB Yuan 0.34 0.56 US Dollar 0.04 0.07

Balance Sheet

Total assets Million in RMB 61,489 60,050 Million in USD 7,429 7,256

Total liabilities Million in RMB 30,802 24,546 Million in USD 3,721 2,966

Shareholder’s equity Million in RMB 30,687 35,504 Million in USD 3,708 4,290

Stock Information

Number of shares Million shares 12,512 12,512 Million shares 12,512 12,512

Share capital Million in RMB 12,512 12,512 Million in USD 1,512 1,512

Number of share-holders

Thousand persons

385 209Thousand persons

385 209

Price per share (end of the year)

RMB Yuan 4.12 7.07 US Dollar 0.50 0.85

32

FAC

T B

OO

K 2

004

2. Organization Chart

Shareholers’ Assembly

Board of Supervisors

Board of Directors

President

Vice Presidents

Secretariat to Board of Directors

General Administrative Office Sales Dept.

Purchasing Dept.

Manufacture Management Dept.

Equipment Dept.

Energy Dept.

Transportation Dept.

Technology Center

Training Center

Iron Making Mill

Steel Making Mill

Blooming Mill

Hot Rolling Mill

Cold Rolling Mill

Cold Rolling Thin Strip Mill

Power Plant

Steel Tube Branch

Legal Division

Auditing Division

Safety & Environmental Protection Division

Technical Renovation Management Division

Strategic Management Dept.

HR Dept.

Enterprise System Innovation Dept.

Financial Dept.

Science & Technology Development Dept.

Supervision Dept.

33

FAC

T B

OO

K 2

004

Operational Environment

Macro-economic situation & policies

Chinese economy is forming a new round of growth momentum, with fast growing sectors like automo-tive, housing construction acting as the major driving forces.

The government continues to render support to state-level enterprise groups in their effort to grow in size and strength. The strategic adjustment of state-owned capital and development of Chinese capital market will be pursued in more depth.

The government has lunched a series of policies to curb overinvestment in steel and a few other sectors.

Domestic steel industry

Chinese steel industry enjoys a prosperous market and great growth potential, especially so for high-value-added flat product producers.

A highly fragmented industry is the main obstacle for steel companies in China to lift their competitive-ness. There is still a long and arduous way to go for industry consolidation.

There exist opportunities for strategic cooperation with foreign capital as well as threats of over capac-ity, increasing imports and investment by overseas competitors.

The focus of international competition in the domestic market is mainly in the area of high-end steel products.

Global steel industry

The overcapacity concern is relieved to a certain degree in the global steel market.

Overseas steel companies are making steel investment in emerging markets like China.

The pace of global M&A and restructuring has accelerated.

Steel companies are attaching more importance to providing tailer-made services to customers.

Corporate Vision

Mission To become a key steel producer in the world, providing premium products and services.

Core values Pursuing enterprise value maximization to realize satisfactions for shareholders, customers, employ-ees and the society.

Strategy goal To become the most competitive steel enterprise of the world.

Medium and Long-term Corporate Stratege

3. Long- and Medium-term Operational Plans

Extension

Realizing strategic development in scale, product mix, layout pattern, and related industries to establish dominant position in the domestic flat product market.

Intension

Realizing leapfrogging development in technical renovation, IT-supported management, environment protection and corporate culture to blaze a new trail of industrialization of sustainable development.

Extension

Ability in resource controlAbility in capacity expansionAbility in capital operationAbility in international operation

Intension

Ability in responding marketAbility in system integrationAbility in learning and innovationAbility in HR development

Product positioning and customer targeting

Implementing target focusing competition strategy to maintain and strengthen dominant market position in the target markets.

Competitive strength

Establishing sustainable competitive edge in products and services by way of low cost and differentiation.

Development Strategic Boosting Core Competence Competition Strategy

Leapfrogging Development Developing Value Creation Ability Target Focus

34

FAC

T B

OO

K 2

004 Cultivating the enterprise culture

Guided by the corporate development strategy and the core management philosophy, Baosteel actively cultivates a “passionate and vigilant” corpo-rate atmosphere, a management style of “effective communication and fast response”, a team spirit of “loyalty, devotion, strictness, and constant learning” so as to build an employee group with the same value orienta-tion, and the same strategic targets. People’s way of thinking and behav-iors is undergoing silent transformation and exerting positive impact upon production, operation and management, offering strong support to the corporate strategic goal of “ building the most competitive steel producer of the world.”

Building a learning organization According to the changes in the external environment and internal man-

agement reform, management tools like 6 sigma and EVA are flexibly uti-lized to enhance the concepts of efficiency, accuracy and value; A learning organization stressing the abilities in learning , communication, response and improvement is being built in Baosteel in an effort to lift the overall quality of the staff and the core competitiveness of the company.

Exhibiting the corporate image By fully tapping multi media tools such as exhibition, outdoor advertise-

ment, product catalog, annual report, newspapers and internet, Baosteel is stepping up its effort in promoting corporate image and product brands to build trust and loyalty with customers, investors and the society at large.

4. Corporate Culture

35

FAC

T B

OO

K 2

004Honors and Awards

Madame Xie Qihua, Chairwoman of the company, was awarded “2003 CCTV Chinese Economic Figure of the Year”;

Madame Xie Qihua topped the list of “ 2003 CCTV Female Economic Figures of the Year”;

Madame Xie Qihua was rated the 16th among Fortune Top 50 Most Powerful Business Women for 2003;

The company was awarded “the National Advanced Enterprise for Excel-lent Quality and Economic Benefit” and was granted the “Special Award” for garnering the prize for three consecutive years;

The company ranked the 2nd in comprehensive competitiveness among global world-class steel producers by WSD;

The company was rated BBB with a stable outlook in its first credit rating ever by S&P, which is on a par with the then sovereignty rating;

The company was awarded VGA-“the supplier with the quickest progress in 2003” by Belgium Bekaert Group;

The company passed the ISO/TS16949 quality system certification;

The company ranked the 1st among Top 500 Chinese Companies in IT Application, as well as 4 special awards for the Best IT strategy, the Best E-business Application, the Best IT Effects and the Best ERP Application.

The company was rated by Asia Money No.1 among the Companies Valu-ing the Shareholders Most, and No.2 among the Best Managed Compa-nies, “Companies of the Best Strategy” and “Companies of the Fastest Progress in Investors Relations”.

36

FAC

T B

OO

K 2

004 ESI (Enetrprise System Innovation) Project

In order to promote transparent management and improve management efficiency,The ESI Project is constructing an enterprise operation system externally capable of full adaptation and quick response, and internally efficient communication and fast decision making, reflecting the modern management philosophy of “ being centered around and driven by customer demand”.

Three shades of meaning of ESI1. Conducting thorough reengineering on the present business process flow and provideing fast and

effective solutions on the back of operation status quo analysis against the overall ESI target;2. Reconstructing the organization to comply with the reengineered business process flow;3. Estabishing supporting IT system.

ESI in progressBaosteel established the ESI Department on April 2001, signifying the formal start of ESI project. In accordance with the design policy of “systematic planning with priority on key projects, advancing as a whole in a step-by- step fashion”, the ESI project is expected to complete in 3~4 years.

6 Sigma and lean operationIn 2003, the company promoted 6 sigma and lean operation in production process, and implemented 62 6 sigma and lean operation projects with 52 of them completed within the year, and 18 of them were evaluated over RMB97 million in economic benefit by the corporate project evaluation panel. From 2004, in order to lift the ability of continued improvement, these two tools will be further pro-moted to form an improved multi-tier organic management system with 6 sigma and lean operation as the basic framework incorporated with existing tools and concepts.

5. Enterprise System Innovation

37

FAC

T B

OO

K 2

004

8500

9000

9500

10000

10500

11000

11500

��

Liquid iron

2001 2002 2003

Commercial products in 2003

Crude steelCommercial products

��HRC��CRC

��Seamless tube��Billet

��Hi-speed wire rod

Output

2001 2002 2003

Liquid iron 10,257 10,259 10,239

Crude steel 8,581 11,582 11,547

Commercial products

HRC 3,011 3,345 3,422

CRC 3,052 4,894 5,404

Seamless tube 725 801 780

Billet 1,309 1,114 891

Hi-speed wire rod 517 550 570

Commercial product in total 8,614 10,704 11,068

6. Production

Unit: thousand tons

38

FAC

T B

OO

K 2

004

Iron Ore

Coal

Blooming Mill

Round Billet Ø140mm Continuous Seamless Tube Mill

Continuous

Seamless Tube

Wire-rodBillet

Slab / Billet / Round Billet

2030mm Continuous Cold Strip Mill

Galvanized Coil / Sheet



Cold Rolled Coil / Sheet



Color Coated Coil / Sheet

Electrical Steel Coil / Sheet1550mm Continuous Cold Strip Mill


2050 Continuous Hot Strip MillHot Rolled Coil Hot Rolled Plate

1800 Continuous Hot Strip Mill

Billet Tandem

Coke Ovens Blast FurnaceHot MetalTorpedo Car

EAF

Concaster

Concaster

SlabSend Out

Send Out

Send Out

Send Out

Send Out

Send Out

Send OutBillet / Round Billet

Ingot Casting Ingot

Convertor

Sintering

Process Flow

39

FAC

T B

OO

K 2

004

Iron Ore

Coal

Blooming Mill

Round Billet Ø140mm Continuous Seamless Tube Mill

Continuous

Seamless Tube

Wire-rodBillet

Slab / Billet / Round Billet








Color Coated Coil / Sheet

Electrical Steel Coil / Sheet1550mm Continuous Cold Strip Mill


2050 Continuous Hot Strip MillHot Rolled Coil Hot Rolled Plate

1800 Continuous Hot Strip Mill

Billet Tandem

Coke Ovens Blast FurnaceHot MetalTorpedo Car

EAF

Concaster

Concaster

SlabSend Out

Send Out

Send Out

Send Out

Send Out

Send Out

Send OutBillet / Round Billet

Ingot Casting Ingot

Convertor

Sintering

40

FAC

T B

OO

K 2

004

Export by Product

2001 2002 2003

HRC 866 705 602

CRC 321 613 498


Steel billet 17 19 18


Total 1,382 1,496 1,315

Sales by Region

2001 2002 2003

Domestic sales 7,314 9,265 9,790

Export 1,382 1,496 1,315

Total 8,696 10,761 11,104

7. Sales

Domestic Sales by Product

2001 2002 2003

HRC 2,172 2,699 2,738

CRC 2,764 4,256 4,995


Steel billet 1,308 1,116 855


Total 7,314 9,265 9,790

Sales by Product

2001 2002 2003

HRC 3,037 3,404 3,340

CRC 3,085 4,868 5,493


Steel billet 1,325 1,135 873


Total 8,696 10,761 11,104

Unit: thousand tons

HRC CRC Seamless tube

Steel billetHi-speed wire rod

Export

Domestic sales

41

FAC

T B

OO

K 2

004Income Statement

RMB in million USD in million

Y 2001 Y 2002 Y 2003 Y 2001 Y 2002 Y 2003

Income from principal operations 29,171 33,877 44,158 3,525 4,093 5,335

Cost of principal operations 23,165 24,456 30,537 2,799 2,955 3,690

Taxes and other expense of princi-pal operations

201 269 362 24 33 44

Profit from principal activities 5,805 9,152 13,260 701 1,106 1,602

Other operating profit 37 20 63 4 2 8

Operation expense 286 328 362 35 40 44

Administrative expense 1,593 1,940 2,135 192 234 258

Financial expense 253 790 759 31 96 92

Operation profit 3,710 6,113 10,066 448 739 1,216

Investment gains 71 1 45 9 0.2 5

Subsidy income 5 - 0 1 - 0

Non-operation revenue 23 5 4 3 1 0

Non-operation expense 100 178 163 12 21 20

Gross profit 3,710 5,942 9,952 448 718 1,202

Income tax 1,148 1,670 2,938 139 202 355

Net earnings 2,561 4,272 7,014 309 516 847

8. Financial Highlights Income from principal operations & net earnings

(USD in million)

Income from principal operations 1000

2000

3000

4000

5000

2001 2002 2003

Net earnings

42

FAC

T B

OO

K 2

004

Total assets (USD in million)

2001 2002 2003

1000

2000

3000

4000

5000

6000

7000

Balance Sheet


Y 2001 Y 2002 Y 2003 Y 2001 Y 2002 Y 2003

Current assets 7,898 11,611 11,489 954 1,403 1,267

Fixed assets 50,104 49,862 47,968 6,054 6,024 5,796

Total assets 58,042 61,489 60,050 7,013 7,429 7,256

Current liabilities 6,505 9,433 9,140 786 1,140 1,104

Long-term liabilities 23,683 21,368 15,406 2,861 2,582 1,861

Total liabilities 30,188 30,802 24,546 3,647 3,721 2,966

Capital stock 12,512 12,512 12,512 1,512 1,512 1,512

Capital reserve 11,564 11,689 11,995 1,397 1,412 1,449

Retained earnings 2,214 3,984 6,625 268 481 800

Total shareholders’ equity 27,854 30,687 35,504 3,365 3,708 4,290

Total shareholders’ equity (USD in million)

2001 2002 2003

50010001500200025003000350040004500

Cash Flow Statement


Y 2001 Y 2002 Y 2003 Y 2001 Y 2002 Y 2003

Cash from goods sold and services provided

35,763 37,777 50,945 4,321 4,564 6,155

Net cash flows from operating activities 9,038 10,790 14,545 1,092 1,304 1,757

Net cash flows from investment activities -7,936 -3,784 -7,144 -959 -457 -863

Net cash flows from financing activities -4,804 -5,072 -9,421 -580 -613 -1,138

Effect of foreign exchange fluctuation on cash 16 3 17 2 0 2

Net increase of decrease in cash and cash euivalents

-3,686 1,937 -2,003 -445 234 -242

43

FAC

T B

OO

K 2

004Financial Indexes

Y 2001 Y 2002 Y 2003

Growth (%)

Sales -5.7 16.1 30.4

Net profit -14.4 66.8 64.2

Profitability (%)

Return on total assets 4.4 7.0 11.7

Return on equity 9.2 13.9 19.8

Gross margin 19.9 27.0 30.0

Operation profit margin 12.7 18.1 22.8

Net profit margin 8.8 12.6 15.9

EBITDA margin 28.8 34.9 40.3

Sustain ability

Equity / Total assets (%) 48.0 49.9 59.1

Current assets / Current liabilities(%) 121.4 123.1 114.8

Liabilities / Equity (%) 114.0 100.4 69.1

EBITDA / Net interest expense 15.1 23.6 38.1

Turnover ratios

Sales / Total assets 0.5 0.6 0.7

Sales / Equity 1.1 1.1 1.2

Sales / Fixed assets 0.6 0.7 0.9

Sales / Inventory 8.9 10.1 10.5

Sales / Account receivable 87.7 26.0 34.5

44

FAC

T B

OO

K 2

004

2001 2002 2003

Imported Raw Materials

Iron ores 16,445 15,821 16,596

Coal – 256 1,184

Scrap 357 542 532

Raw Materials from Domestic Market

Limestone 2,290 2,266 2,296

Iron ores 422 330 336

Coal 4,198 5,318 10,615

Scrap 843 1,212 1,286

9. Raw Materials

Imported Raw Materials: Iron Ores / Coal

2001 2002 2003

Iron ores

Australia 8,516 9,148 9,979

Brazil 6,553 4,972 4,846

India 603 907 906

Canada 143 68 367

Peru 469 453 377

Venezuela 160 273 67

South Africa – – 54

Total 16,445 15,821 16,596

Coal

Australia – 71 431

New Zealand – 36 169

Viet Nam – 149 192

Canada – – 277

Russia – – 114

Total – 256 1,184

Imported iron ores in 2003

VenezuelaSouth Africa

AustraliaBrazilIndiaCanadaPeru

Unit: thousand tons

45

FAC

T B

OO

K 2

004


Y 2001 Y 2002 Y 2003 Y 2001 Y 2002 Y 2003

Gross investment 1,723 2,272 5,098 208 274 616

Including: 1800mm cold strip project - 41 933 – 5 120

Heavy plate project - 39 209 – 5 25

Technical revamping 1,484 1,449 993 179 175 120

Note: The data of Year 2001 and Year 2002 in the table are calculated with the presumption that the Company has completed the purchasing of the Phase III assets from Shanghai Baosteel Group Corporation.

10. Investments

100

200

300

400

500

600

700

Gross investment (USD in million)

2001 2002 2003

46

FAC

T B

OO

K 2

004 Labor Productivity

Unit 2001 2002 2003

Sales per person RMB in million 2.0 2.2 2.8

Added value per person RMB in million 0.7 0.9 1.5

Labor cost per ton steel RMB 169 156 220

Percentage of labor cost to sales % 5.0 5.3 5.7

Employees

2001 2002 2003

All type of employees 15,745 15,693 15,325

Production 11,258 11,379 11,032

Technical 2,976 3,120 3,111

Administrative 1,511 1,194 1,182

By the end of 2003, the average working age of the employees is 16 years, with the average age is 38 years.

11. Human Resources Management

47

FAC

T B

OO

K 2

0041) R&D Investment

Unit Y 2001 Y 2002 Y 2003

R&D investment RMB in million 302.7 327.6 442.7

Ratio to revenue % 1.0 1.0 1.0 2) R&D Institutions and Staff (by the end of 2003)Technical Center: 400 employees including: 239 researchers, 140 technical staff, 21 administrative staffScience and Technology Development Dept.: 67 employees 3) Intellectual Property Rights

Patents Practical application Copyright Total

Domestic 112 432 6 550

Overseas 2 2 4) Medium/long-term Science & Technology Development Program (2004~2009)

Developing constantly high quality and high value added new products to meet the developing social

demand;

Developing process technologies to reduce manufacture cost and maintain our cost competitiveness;

Developing new areas of application for steel products to pursue common prosperity with down-

stream customers;

Developing green steel production technology characteristic of high efficiency, low consumption and

zero emission to realize environment-friendly development;

Researching and developing new type of steel materials based on nano-technology.

12. R&D

48

FAC

T B

OO

K 2

004

5) Scientific & Technological Achievements

Year Quantity Description

2001 109

Development of Blast Furnace low silicon smelting technology

Development of low cost coal dosing specialist system

Development of low slag steel-making process

Development of multi-function RH equipment

Development of extreme-low-sulphur steel-making process

Development of wire rod for steel fiber

Development of anti-H2S pipeline steel

Development of non-API series drilling pipes

Research on the low-temperature rolling process for steel with ultra-low carbon content

2002 99

Development of the technology to improve the application rate of low-price iron ores

Research and application of new steel slag treatment facility

Research on the improvement of coal dosing for coke making

Development of new steel grade for vehicle driving mechanism

Development of steel rod for automotive suspension springs

Development of new-type coated sheets for home appliance

Development of API pipeline steel with high strength and high ductility

Development of hot-rolled steel sheets for enamelware

Development of Ø189 bore technology and relevant products

Rolling process dynamic simulation and control optimization of the cold tandem rolling mill

Development of semi-high speed steel rolls for cold rolling

Development of the equipment and technology for the online monitoring and diagnosis of the wire rolling mill

2003 144

Research on BF slag system

Research on the optimization of coal litho type structure

Research on the metallurgical process of pipeline steel with low carbon low sulphur content

Development of non-tempered micro alloy steel for vehicle drive mechanism

Development of high strength IF steel and hot galvanized steel sheets

Development of the production process of wire rod for tire core

Development of deep drawing hot rolled and pickled steel sheets

Development of T91 high pressure boiler pipe

Rolling process dynamic simulation and control optimization of the cold tandem rolling mill

Development of complete set of hydrogen BAF equipment

Research on the application of BF dezincified slug

49

FAC

T B

OO

K 2

004Environmental policy: Construct an ecotype steel enterprise through pollution prevention, re-

sources and energy conservation and waste recycling.Environmental target: Build up an environment-friendly steel company

• Reduce energy consumption by controlling from the sources• Implement “green procurement” and “green production” based on product life cycles • Continuously reduce pollutant discharge based on recycling economic mode to realize minimum

discharge • Increase the added value of secondary resources by expanding applications, to realize win-win

between environment and economy • Plan the green belt layout scientific way, to cultivate a diversified bio-community

2001 2002 2003

Comprehensive utilization rate % 100 103 98

Air pollutants Facility 2001 2002 2003

Dust (mg/sm3)Sinter 52 43 61

Standard 100 100 100

SOx (ppm)Sinter 130 69 199


NOx (ppm)Sinter 178 192 156

Standard – – –

Water pollutant Facility 2001 2002 2003

COD (ppm)Waste-water treatment 29 45 49


13. Environmental Protection

50

FAC

T B

OO

K 2

004

14. Corporate Milestone

December 1977 Establishing Baosteel Project Headquarters/ founding of “Shanghai Baoshan Iron & Steel Works”

December 1978 Baosteel Construction Commencement Ceremony

September 1985 Blow-in of No.1 Blast Furnace

June 1991 Blow-in of No.2 Blast Furnace

July 1993 “Shanghai Baoshan Iron & Steel Works” was renamed as “Baoshan Iron & Steel (Group) Corporation”

September 1994 Blow-in of No.3 Blast Furnace

November 1998 Shanghai Baosteel Group Corporation was founded by merging Baoshan Iron & Steel (Group) Corporation with other steel companies in Shanghai and Meishan Iron & Steel Co., Ltd.

February 2000 Founding of Baoshan Iron & Steel Co., Ltd.

November 2000 Issuance of 1.877 billion A shares

December 2000 Listing at Shanghai Stock Exchange (stock code: 600019)

June 2001 Purchasing of Phase ProjectIII from Shanghai Baosteel Group Corporation

December 2002 Kicking-off of the Heavy Plate Rolling Mill Project and the supporting Con-tinuous Caster Project, 1800mm Strip Cold Rolling Project

December 2003 Signing the Joint Venture Agreement with Nippon Steel and Arcelor to make the preparations for the founding of “Shanghai Baosteel NSC / Arcelor Auto-motive Sheet Co., Ltd.”

51

FAC

T B

OO

K 2

004

Board of Directors

Position Name Board committees Position

Chairwoman Xie Qihua

Vice Chairman, President Ai Baojun Strategic Committee Member

Vice Chairman Ouyang Yingpeng Strategic Committee Member

Director, Vice President Li Haiping

Directors

Xu LejiangStrategic Committee Principal

Auditing Committee Member

He WenboEmoluments and Ap-praisal Committee

Member

Strategic Committee Member

Zhu Yiming

Independent Directors

Shan WeijianAuditing Committee Principal


Daniel LiewEmoluments and Ap-praisal Committee

Member

Gao ShangquanEmoluments and Ap-praisal Committee

Principal


Hong Ying Auditing Committee Member

15. Directors, Supervisors and Senior Management

Board of Supervisors

Chairman Zhao Ruyue

SupervisorsChen Delin

Wang Chengran

Employee Supervisor

Zhou Shichun

Zhang Jianzhong

Shan Xuyi

IndependentSupervisor

Sun Haiming

Sun Chiping

Li Qiming

Senior Management

Vice Presidents

Zhao Zhouli

Cui Jian

Zhu Junsheng

Financial SupervisorChen YingSecretary to the

Board of Directors

52

FAC

T B

OO

K 2

004 By December 31 2003, the total number of shareholders is 208,585. The shareholdings of the top ten

shareholders are as follows:

No Name of ShareholderShare held end of the year

(Million shares)Percentage (%)

1 Shanghai Baosteel Group Corporation 10,635 85.00

2 UBS Ltd. 87.5 0.70

3 Hua An Innovation Securities Investment Fund

39.2 0.31

4 Ke Rui Securities Investment Fund 33.2 0.27

5 Tong Sheng Securities Investment Fund 32.0 0.26

6 Tong Yi Securities Investment Fund 29.8 0.24

7 Yin Feng Securities Investment Fund 25.1 0.20

8 Tian Yuan Securities Investment Fund 22.5 0.18

9 Bo Shi Value Growth Securities Investment Fund

16.0 0.13

10 E-fund Strategic Growth Securities Invest-ment Fund

15.6 0.13

16. Top Ten Shareholders

53

FAC

T B

OO

K 2

004

NameCapital Stock

(RMB in million)Equity owned by

the CompanyPrincipal Business

Shanghai Baosteel Yichang Steel Sheet Co., Ltd.

446 90%Cold rolled thin steel sheet (coil), tin-plate sheet (coil) etc.

Yantai Lubao Steel Tube Co., Ltd.

10 79.82% Seamless steel tube etc.

Unit: RMB in million

NameYear 2003

Total assets Net profitIncome from prin-

cipal operationsSales volume

(thousand tons)

Shanghai Baosteel Yichang Steel Sheet Co., Ltd.

184 16 662 803

Yantai Lubao Steel Tube Co., Ltd. 47 3 584 181

17. Subsidiaries

54

FAC

T B

OO

K 2

004

Unit 2001 2002 2003 Unit 2001 2002 2003

Net profit Million in RMB

2,561 4,272 6,976Million in USD

309 516 843

EPS RMB Yuan 0.20 0.34 0.56 US Dollar 0.02 0.04 0.07

Dividends Million in RMB

1,564 2,502 3,128Million in USD

189 302 378

Dividend per share RMB Yuan 0.125 0.20 0.25 US Dollar 0.01 0.02 0.03

Payout ratio 61% 59% 45% 61% 59% 45%

18. Dividends EPS & Dividend per share (US Dollar)

2001 2002 2003

0

0.01

0.02

0.03

0.04

0.05

0.06

0.07

EPS

Dividend per share

61%

59%45%

55

FAC

T B

OO

K 2

004

Unit 2001 2002 2003

GDP RMB in trillion 9.6 10.2 11.7

GDP growth 7.3% 8.0% 9.1%

Balance of current items USD in billion 23 30 26

Export USD in billion 266 326 438

Import USD in billion 244 295 413

Unemployment 3.6% 4.0% 4.3%

Consumer price index 0.7% -0.8% 1.2%

Steel production

Unit 2001 2002 2003

Pig iron Million tons 156 171 202

Crude steel Million tons 152 182 220

Import-export of steel

Unit 2001 2002 2003

Export Million tons 4.7 5.5 5.7

Import Million tons 17.2 24.5 36.7

Appendix: Facts of Chinese Economy

56

FAC

T B

OO

K 2

004

Appendix: IR Information

About Shares By December 31, 2003, the number of total outstanding shares is 12.512 billion, including 10,635 billion state-owned shares, and 1,877 billion ne-gotiable shares that are listed at Shanghai Stock Exchange, with stock code: 600019.

For More Information, Please Contact: The Board of Directors’ office

Address: Guoyuan, Fujin Road, Baoshan District, Shanghai

Zip code: 201900

Tel: 86-21-26647000

Fax: 86-21-26646999

E-mail: [email protected]

Website: www.baosteel.com

Table of Content - baosteel · 2019-12-25 · Table of Content 1. Baosteel at a Glance 30 2....

Documents

Transcript of Table of Content - baosteel · 2019-12-25 · Table of Content 1. Baosteel at a Glance 30 2....