Meishan Iron and Steel
{{Short description|Chinese iron and steel manufacturing company}}
{{Infobox company
| name = Meishan Iron and Steel
| logo =
| logo_size =
| logo_alt =
| logo_caption =
| logo_padding =
| image =上海宝钢南京梅山公司 - panoramio.jpg
| image_size =
| image_alt =
| image_caption =
| type = {{ubl|company limited by shares,|subsidiary}}
| industry = Iron and steel manufacturing
| founded = {{ubl|{{start date|1990|6|28|df=yes}} (as company)[http://www.jsgsj.gov.cn:58888/province/login.jsp Government database] (in Chinese)|{{start date|2001|6|26|df=yes}} (as limited company)}}
| founder = Shanghai Meishan Group
| hq_location =
| hq_location_city = Nanjing
| hq_location_country = China
| area_served =
| num_locations =
| num_locations_year =
| num_employees =
| num_employees_year =
| key_people =
| brands =
| services =
| revenue = {{decrease}} {{CNY|26.0 billion}}
| revenue_year = 2014
| operating_income = {{increase}} {{CNY|193 million}}
| income_year = 2014
| net_income = {{increase}} {{CNY|7.00 million}}
| net_income_year = 2014
| assets = {{decrease}} {{CNY|32.9 billion}}
| assets_year = 2014
| equity = {{nochange}} {{CNY|11.1 billion}}
| equity_year = 2014
| owner = {{ubl|Baoshan Iron and Steel (77.0%)|China Development Bank|Orient Asset Management|Government of Nanjing City}}
| parent = Baoshan Iron and Steel
| subsid =
| website =
| footnotes = in a consolidated basis{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201504/t20150430_85476.html|script-title=zh:上海梅山钢铁股份有限公司2014年度报告|trans-title=2014 Annual Report|date=30 April 2015|access-date=6 October 2016|work=Shanghai Meishan Iron and Steel Co., Ltd.|publisher=Shanghai Clearing House|language=Chinese}}
}}
{{Infobox Chinese
|title=Shanghai Meishan Iron and Steel Co., Ltd.
|s=上海梅山钢铁股份有限公司
|t=上海梅山鋼鐵股份有限公司
|p=Shànghǎi méishān gāngtiě gǔfèn yǒuxiàn gōngsī
|l=Shanghai Meishan Steel and Iron Company Limited by Shares
|order=st
}}
Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang ({{zh|s=梅钢}}) is a second-tier subsidiary of Baowu (formerly known as Baosteel Group) and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). The company was based in Nanjing.
In 2004, Baosteel Group decided to inject Shanghai Meishan Iron and Steel Co., Ltd. to fellow subsidiary Baoshan Iron and Steel Co., Ltd., which is also a listed company.
History
=Meishan Iron & Steel=
The steel plant at {{ill|Meishan Iron Mine|zh|梅山铁矿}}, in Yuhuatai District, Nanjing was founded in 1969{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=46890166|title=Shanghai Meishan Iron & Steel Co., Ltd.: Private Company Information - Bloomberg|website=bloomberg.com|access-date=2017-03-08}}{{cite news|url=http://www.js.xinhuanet.com/2019-04/25/c_1124413827.htm|archive-url=https://web.archive.org/web/20210518172020/http://www.js.xinhuanet.com/2019-04/25/c_1124413827.htm|url-status=dead|archive-date=May 18, 2021|script-title=zh: 在坚守与变革中砥砺前行 上海梅山钢铁股份有公司迎来建厂50周年 |date=25 April 2019|access-date=1 December 2019|website=XinhuaNet|author1=李园园|author2=王林盛|language=zh-cn}} by the Shanghai Government. The mine became a quasi-exclave of Shanghai. In 1984, the steel plant and related industries became Shanghai Meishan Metallurgical Corporation ({{zh|c=上海梅山冶金公司}}).{{cite web |url=http://www.shtong.gov.cn/node2/node2245/node4540/node56398/index.html |title=:::: 上海市地方志办公室 :::: |website=www.shtong.gov.cn |url-status=dead |archive-url=https://web.archive.org/web/20040902214805/http://www.shtong.gov.cn/node2/node2245/node4540/node56398/index.html |archive-date=2004-09-02}} The company was registered in the Government of Nanjing in 1990.
In 1994, a new holding company was formed for Meishan Group, which the mine was spin-off from Meishan Metallurgical Corporation in 1995, while the iron and steel company became Shanghai Meishan Iron and Steel Co., Ltd. ({{zh|s=梅山钢铁有限公司}}).
The company became a subsidiary of Baosteel Group in 1998. Meishan Iron and Steel was listed as one of the 512 most important state-owned enterprises in 1997, in the iron and steel industry segment that consist of 47 companies.{{Cite web|url=http://blog.sina.com.cn/s/blog_544a7adf0100mwmj.html|title = 关于深化大型企业集团试点工作_范坤_新浪博客}}
The company was re-incorporated in 2001 ({{zh|s=上海梅山钢铁股份有限公司}}) by debt-to-equity swap. In 2004, Baosteel Group floated Meishan Iron & Steel at Shanghai Stock Exchange{{cite web|url=http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2004-08-12/600019_20040812_3.pdf|script-title=zh:关于资产收购及关联交易的公告|trans-title=Announcement of Acquisition of Assets and Related-Parties Deal|date=12 August 2004|access-date=6 October 2016|work=Baoshan Iron and Steel|publisher=archive of Shanghai Stock Exchange|language=Chinese}} by selling 74.01% shares of Meishan Iron & Steel to its listed subsidiary Baoshan Iron and Steel, for a valuation of {{CNY|link=yes|5.469 billion}} ({{CNY|7.389 billion}} total value times 74.01% shares). The deal was completed in 2005.{{cite web|url=http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2006-03-29/600019_2005_n.pdf|title=2005 Annual Report|date=29 March 2006|access-date=12 October 2016|work=Boshan Iron and Steel|publisher=archive of Shanghai Stock Exchange|language=Chinese}}
In 2008, Meishan Iron & Steel signed a contract with Praxair to build two more new air separation plants in Meishan.{{cite web|url=http://www.praxair.com/news/2008/praxair-china-expands-supply-agreement-with-meishan-iron-steel|title=Praxair China Expands Supply Agreement with Meishan Iron & Steel|date=1 April 2008|access-date=6 October 2016|publisher=Praxair}}
In 2018, it was announced that the steel plant of the company would be relocated to Yancheng, Jiangsu Province in the 2020s.{{cite press release|url=http://jxw.nanjing.gov.cn/jxzl/201812/t20181205_1267731.html|script-title=zh:省政府与宝武集团签署《战略合作协议》 梅钢将从南京迁往盐城|publisher=南京投资与规划处|language=zh-cn|date=2018-12-05|accessdate=1 December 2019}}
=Former Shanghai Meishan Group=
"Shanghai Meishan (Group) Co., Ltd." ({{zh|s=上海梅山(集团)有限公司}}) was the holding company of Meishan Iron & Steel and other subsidiaries. It was founded in 1994. Meishan Group merged with Baosteel Group in 1998.{{cite web|url=http://www.gov.cn/gongbao/shuju/1998/gwyb199830.pdf|title=Official Journal 1998 N°30|date=22 December 1998|access-date=12 October 2016|publisher=State Council of China|language=Chinese}}{{cite web|url=http://baosteel.com/group/05steel/ShowArticle.asp?ArticleID=4640|script-title=zh:宝钢集团上海梅山有限公司(简称"梅山公司")|trans-title=Baosteel Group Shanghai Meishan Co., Ltd. (Meishan Co. in short)|access-date=6 October 2016|publisher=Baosteel Group|language=Chinese}} The assets of Meishan Group were absorbed by "Baosteel Group Shanghai Meishan Co., Ltd." ({{zh|s=宝钢集团上海梅山有限公司}}) some time later. After the partial demerger in 2004, Baosteel Group Shanghai Meishan Ltd. still owned Shanghai Meishan Mining ({{zh|s=上海梅山矿业有限公司}}, incorporated in 1995) the mining company in the unlisted portion of the conglomerate. The company became part of "Nanjing Meishan Metallurgical Development" ({{zh|s=南京梅山冶金发展有限公司}}), a subsidiary of "Baosteel Group Shanghai Meishan Co., Ltd." in 2010. As of 31 December 2015, "Baosteel Group Shanghai Meishan Co., Ltd." had net assets of just {{CNY|link=yes|1.366 billion}},{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201604/t20160429_148933.html|script-title=zh:宝钢集团上海梅山有限公司关于披露2015年年度报告的公告|trans-title=2015 Annual Report|date=29 April 2016|access-date=6 October 2016|publisher=Baosteel Group Shanghai Meishan Co., Ltd.|via=Shanghai Clearing House|language=Chinese}} much smaller in size than its sister company Meishan Iron and Steel.
Shareholders
- Baoshan Iron and Steel (77.04%){{cite web|url=http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2016-03-31/600019_2015_n.pdf|title=2015 Annual Report|date=31 March 2016|access-date=3 October 2016|work=Baoshan Iron and Steel|publisher=archive of Shanghai Stock Exchange|language=Chinese}}
- a wholly owned subsidiary of China Development Bank (9.14%)
- China Orient Asset Management (7.02%)
- a subsidiary of the Government of Nanjing (6.80%)
Data
| class="wikitable sortable" style="text-align:center;" | ||||
| Year | Turnover | Result | Total Assets | Net Assets |
|---|---|---|---|---|
| colspan=5|as Shanghai Meishan Group | ||||
| 1994{{Cite web|url=http://money.finance.sina.com.cn/bond/notice/sh129703.html|title = 96梅山债(sh129703)债券公告_新浪财经_新浪网}} | ¥2.1 billion | ¥170.7 million | ¥4.2 billion | ¥1.7 billion |
| 1995 | ||||
| 1996 | ||||
| colspan=5|as Meishan Iron and Steel (in a consolidated basis) | ||||
| 2003 | ¥6.0 billion | ¥585.0 million | ¥11.6 billion | ¥6.1 billion |
| 2004 | ||||
| 2005 | ||||
| 2006 | ||||
| 2007 | ¥13.0 billion | ¥1.1 billion | ¥13.9 billion | ¥11.2 billion |
| 2008{{cite web|url=http://www.chinabond.com.cn/CMS5_G20306002Resource?info=13743196;res=13353168924921597983491;download=|title=2008 Annual Report|date=24 April 2012|orig-year=Originally published in 2009|access-date=7 October 2016|work=Meishan Iron and Steel|publisher=Chinabond.com.cn|language=Chinese}} | {{increase}} ¥14.3 billion | {{decrease}} ¥0.3 billion | {{increase}} ¥20.3 billion | {{increase}} 11.5 billion |
References
{{reflist|30em}}
External links
- [http://bg.baosteel.com/ Official website of Baoshan Iron and Steel Co., Ltd.] {{in lang|zh}}
- [http://www.bsmeishan.com Official website of Baosteel Group Shanghai Meishan Co., Ltd.] {{in lang|zh}}
{{Steel companies of the People's Republic of China}}
{{authority control}}
Category:Chinese companies established in 1990
Category:Steel companies of China
Category:Manufacturing companies based in Nanjing
Category:China Orient Asset Management
Category:Companies owned by provincial governments of China
Category:Government-owned companies of China