Shandong Iron and Steel Group Co., Ltd. (hereinafter referred to as SISG) is a major state-owned enterprise in Shandong Province. It was established in 2008 and is currently owned by the State-owned Assets Supervision and Administration Commission of the People's Government of Shandong Province (2%), Shandong Huiji Xinsheng Investment Co., Ltd. (49%), and China Baowu Iron and Steel Group Co., Ltd. (49%).Headquartered in Jinan, Shandong Province, the company has a AAA credit rating.It has a number of subsidiaries including Shandong Iron and Steel Co., Ltd., Laiwu Iron and Steel Group Co., Ltd., Shandong Jinling Mining Co., Ltd., Shandong Iron and Steel Group Real Estate Co., Ltd., Shandong Jinling Iron Ore Co., Ltd., Shandong Iron and Steel Group Finance Co., Ltd., Shandong Iron and Steel Group Capital Holdings (Shenzhen) Co., Ltd., Shandong Refractory Group Co., Ltd., Shanxin Software Co., Ltd., Shandong Iron and Steel Group Yongfeng Zibo Co., Ltd., Shandong Iron and Steel Group Zibo Zhanggang Co., Ltd.It holds 2 A-share listed companies, Shandong Iron and Steel and Jinling Mining.
By the end of 2023, SISG has a registered capital of 11.969 billion yuan and a total asset of 178.169 billion yuan. Its crude steel output ranks 17th in the world and 10th in China, and it has been ranked among the top A+ (extremely competitive) in the comprehensive competitiveness ranking of Chinese steel enterprises for five consecutive years.SISG is ranked 221st in the 2024 Fortune China 500, 133rd in the 2023 Fortune China Top 500 Listed Companies, 65th in the 2023 Fortune China Top 200 Manufacturing Companies, and 42nd in the 2023 Fortune China Top 100 Equipment Manufacturing Companies.SISG has won the titles of "AAA Enterprise of High-quality Development of Chinese Iron and Steel Enterprises", "Shandong Social Responsibility Enterprise", "National Pilot Demonstration Enterprise of Circular Economy", "Environmentally Friendly Enterprise of Clean Production in China's Iron and Steel Industry", "National Benchmark Enterprise of Green Development in Metallurgical Industry", as well as the national-level "Green Factory" and "Special Contribution Unit for National Enterprise Culture Construction".
As a national super-large steel enterprise, a dominant enterprise in the steel industry in Shandong Province, and a strategic support force for the manufacturing strong province strategy, SISG plays a leading role in the innovation and development of the province's advanced steel material industry chain. It adheres to the development strategy of "paying equal attention to quality and scale, advancing both coastal and inland areas, and promoting both green and intelligent development", and strives to strengthen and optimize its two main businesses of "steel manufacturing" and "steel trade and service". It focuses on building Rizhao Iron and Steel Quality Base, Laiwu Quality Steel Base, Linyi Lingang Advanced Special Steel Base, Dezhou Yongfeng Short-Process High-Quality Building Materials Base, gradually forming an annual production scale of more than 20 million tons of steel, and its process technology and equipment have reached the domestic leading level.The main steel products include five series of plate and strip, plate, section steel, special steel and building materials, covering high-end equipment, marine engineering, automotive steel, power station boiler, rail transportation, white household appliances, petrochemical equipment, engineering machinery and other key areas. These steel products are sold well throughout the country and exported to more than 70 countries and regions. They have been successfully applied to important projects such as the Hong Kong-Zhuhai-Macao Bridge, Daxing International Airport, Beijing Winter Olympic Games venues, and the Arctic Yamal LNG project.More than 30 steel products have been rated as China's famous brands, Shandong famous brands, National Metallurgical Products Physical Excellent Quality Award and "Golden Cup Award".
SISG is steadfast in building a world-class enterprise and striving to forge a comparative advantage of green, intelligent and sustainable development.Adhering to the core values of "co-creation, progress, and win-win", we have formed strategic partnerships with more than 100 large enterprise groups at home and abroad to jointly build and share a high-quality steel ecosystem.We adhere to the principle of ecological priority and green low-carbon development, and take the lead in realizing the ultra-low emission transformation of the entire process of steel production in Shandong Province, becoming a demonstrator and leader of the green transformation of steel enterprises in the province.We have vigorously implemented the innovation-driven development strategy, boasting 3 national-level science and technology innovation platforms, 16 provincial-level science and technology innovation platforms, and over 20 technology-based enterprises. Each year, we receive nearly 500 newly authorized patents.In 2023, the intensity of investment in scientific and technological research and development was 2.79%, and 683 new patent applications were accepted, a year-on-year increase of 5.7%, of which 71% were invention patent applications.
SISG earnestly fulfills the political, social and economic responsibilities of state-owned enterprises, comprehensively strengthen the construction and leadership of the Communist Party of China, and promotes market-oriented reforms to boost, optimize and expand state-owned capital and state-owned enterprises.From 2020 to 2023, the cumulative production of steel will exceed 100 million tons, with a tax payment of over 30 billion yuan.We actively practice the belief and pursuit of "serving the people and promoting the well-being of employees", and always adhere to the principles of development for employees, development relying on employees, and development achievements shared by employees. We will fully implement the construction of "a Happy and Harmonious Shandong Steel" and firmly promote the high-quality development to realize our common dream.
Based on the new development stage, implementing the new development concept, and integrating into the new development pattern, SISG is in the new journey of promoting high-quality development. Based on the development strategy of "aggregating resources, opening up and sharing, building a safe and efficient steel industry ecosystem; transforming kinetic energy, innovating governance, and creating a new benchmark for the development of green and intelligent industries", SISG is anchored in the fundamental goal of "turning losses into profits and making the parent company profitable", promoting the dual-wheel drive of "production and operation + capital operation", and striving to create a modern joint venture state-owned enterprise with new development methods, new corporate governance, new operating mechanisms, and new layout structures. We will show our imperative responsibility and action in promoting Chinese path to modernization in Shandong!
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