Taiyuan Iron and Steel Group
| Taigang Group | |
| Formerly | Taiyuan Iron & Steel Corporation |
| Company type | state-owned enterprise |
| Industry | Conglomerate |
| Founded |
|
| Headquarters | , China |
Area served | China, exported worldwide |
| Products | Steel, iron ore, coke, real estate |
| Revenue |  CN¥90.835 billion (2015) |
| (CN¥5.139 billion) (2015) | |
| (CN¥3.357 billion) (2015) | |
| Total assets | CN¥125.827 billion (2015) |
| Total equity | CN¥28.875 billion (2015) |
| Owner | Shanxi Government (100%) |
| Parent | Shanxi SASAC |
| Subsidiaries |
|
| Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1] | |
| Taiyuan Iron and Steel (Group) Co., Ltd. | |||
|---|---|---|---|
| Simplified Chinese | 太原钢铁(集团)有限公司 | ||
| Traditional Chinese | 太原鋼鐵(集團)有限公司 | ||
| |||
| Taigang Group | |||
| Simplified Chinese | 太钢集团 | ||
| Traditional Chinese | 太鋼集團 | ||
| Literal meaning | Taisteel Group | ||
| |||
Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO) known as Taigang Group is a Chinese steel maker based in Taiyuan, Shanxi Province. The company was the parent of Linfen Iron and Steel and Shanxi Taigang Stainless Steel Co., Ltd. (SZSE: 000825).
Taigang Stainless Steel was ranked the 1681st in 2016 Forbes Global 2000 list.[2] It was a constituent of SZSE 200 Index (mid cap index).
According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 38th in 2015 the world ranking by production volume, for 10.256 million metric tons.[3]
History
The predecessor of Taiyuan steel plant was founded in 1934, in the Warlord Era by Yan Xishan. In 1949 it was under control of the Communist Party of China during Chinese Civil War. In 1996 it was incorporated as Taiyuan Iron and Steel (Group) Co., Ltd.. In 1998, a subsidiary was incorporated and listed on Shenzhen Stock Exchange (Shanxi Taigang Stainless Steel Co., Ltd.). Stainless steel CN¥0.1 coins were made by Taigang Stainless Steel. In 2006, Taigang Group injected most steel manufacturing assets to the publicly traded subsidiaries,[4] except Linfen Iron and Steel, in Linfen, Shanxi and several subsidiaries.
Equity investments
Taiyuan Iron and Steel Group, as at 31 December 2015, also owned a minority stake in Guangshen Railway (SSE: 601333, for 0.43% stake),[5] Jinduicheng Molybdenum (SSE: 601958 for 0.54% stake),[6] China Everbright Bank (SSE: 601818) and Shanxi Securities (SZSE: 002500, for 12.58% stake).[7] Taiyuan Iron and Steel Group also owned 16.67% stake in China Niobium Investment Holdings, which the holding owned 15% Companhia Brasileira de Metalurgia e Mineração. Taiyuan Iron and Steel Group also owned 40% stake in CNMC Nickel, which owned a nickel mine in Myanmar.
Subsidiaries and joint ventures
Taigang Stainless Steel had two joint ventures Tianjin TISCO & TPCO Stainless Steel with Tianjin Pipe Corporation (TPCO) in a 65–35 ratio (TPCO held the stake via a non wholly owned subsidiary), as well as Tianjin TPCO & TISCO Welding Pipe in a 50–50 ratio.
Financial data
| Taiyuan Iron and Steel Group | Taigang Stainless Steel | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Revenue | Profit | Assets | Equity | stake % | Revenue | Profit | Profit to group | Assets | Equity | Equity to group |
| 2015 | 90.835 billion |
(3.357 billion) |
125.827 billion |
28.875 billion |
63.49% | 67.913 billion |
(3.711 billion) |
(2.356 billion) |
72.448 billion |
21.282 billion |
13.512 billion
|
References
- ^ "2015 Annual Report". Taiyuan Iron and Steel Group (in Chinese). Shanghai Stock Exchange. 30 April 2016. Retrieved 27 November 2016.
- ^ http://www.forbes.com/companies/shanxi-taigang-stainless/
- ^ https://www.worldsteel.org/statistics/top-producers.html
- ^ "历史沿革" (in Chinese). Taiyuan Iron and Steel Group. Retrieved 27 November 2016.
{{cite web}}: Unknown parameter|trans_title=ignored (|trans-title=suggested) (help) - ^ "2015 Annual Report" (PDF). Guangshen Railway. Hong Kong Stock Exchange. 29 March 2016. Retrieved 29 November 2016.
- ^ "2015 Annual Report" (PDF). Jinduicheng Molybdenum (in Chinese). Shanghai Stock Exchange. 12 April 2016. Retrieved 29 November 2016.
- ^ "2015 Annual Report" (PDF). Shanxi Securities (in Chinese). Shenzhen Stock Exchange. 22 April 2016. Retrieved 29 November 2016.
