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Meishan Iron and Steel

From Wikipedia, the free encyclopedia
Meishan Iron and Steel
Company type
  • company limited by shares,
  • subsidiary
IndustryIron and steel manufacturing
Founded
  • 28 June 1990 (1990-06-28) (as company)[1]
  • 26 June 2001 (2001-06-26) (as limited company)[2]
FounderShanghai Meishan Group
Headquarters
Nanjing
,
China
RevenueDecrease CN¥26.0 billion (2014)
Increase CN¥193 million (2014)
Increase CN¥7.00 million (2014)
Total assetsDecrease CN¥32.9 billion (2014)
Total equitySteady CN¥11.1 billion (2014)
Owner
ParentBaoshan Iron and Steel
Footnotes / references
in a consolidated basis[2]
Shanghai Meishan Iron and Steel Co., Ltd.
Simplified Chinese上海しゃんはい梅山うめやま钢铁股また份有限げん公司こうし
Traditional Chinese上海しゃんはい梅山うめやま鋼鐵こうてつ股また份有限げん公司こうし
Literal meaningShanghai Meishan Steel and Iron Company Limited by Shares
Transcriptions
Standard Mandarin
Hanyu PinyinShànghǎi méishān gāngtiě gǔfèn yǒuxiàn gōngsī
Shunting locomotive GKD1A owned by Meisteel.

Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang (Chinese: 梅うめ钢) 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

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Meishan Iron & Steel

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The steel plant at Meishan Iron Mine [zh], in Yuhuatai District, Nanjing was founded in 1969[3][4] 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 (Chinese: 上海しゃんはい梅山うめやま冶金やきん公司こうし).[5] 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. (Chinese: 梅山うめやま钢铁有限ゆうげん公司こうし).

The company became a subsidiary of Baosteel Group in 1998.[6] 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.[7]

The company was re-incorporated in 2001 (Chinese: 上海しゃんはい梅山うめやま钢铁股また份有限げん公司こうし) by debt-to-equity swap. In 2004, Baosteel Group floated Meishan Iron & Steel at Shanghai Stock Exchange[8][9] by selling 74.01% shares of Meishan Iron & Steel to its listed subsidiary Baoshan Iron and Steel, for a valuation of CN¥5.469 billion (CN¥7.389 billion total value times 74.01% shares). The deal was completed in 2005.[10]

In 2008, Meishan Iron & Steel signed a contract with Praxair to build two more new air separation plants in Meishan.[11]

In 2018, it was announced that the steel plant of the company would be relocated to Yancheng, Jiangsu Province in the 2020s.[12]

Former Shanghai Meishan Group

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"Shanghai Meishan (Group) Co., Ltd." (Chinese: 上海しゃんはい梅山うめやま(集あつまり团)有限ゆうげん公司こうし) was the holding company of Meishan Iron & Steel and other subsidiaries. It was founded in 1994.[5] Meishan Group merged with Baosteel Group in 1998.[6][8] The assets of Meishan Group were absorbed by "Baosteel Group Shanghai Meishan Co., Ltd." (Chinese: 宝たから钢集团上海しゃんはい梅山うめやま有限ゆうげん公司こうし) some time later. After the partial demerger in 2004, Baosteel Group Shanghai Meishan Ltd. still owned Shanghai Meishan Mining (Chinese: 上海しゃんはい梅山うめやま矿业有限ゆうげん公司こうし, incorporated in 1995) the mining company in the unlisted portion of the conglomerate. The company became part of "Nanjing Meishan Metallurgical Development" (Chinese: 南京なんきん梅山うめやま冶金やきん发展有限ゆうげん公司こうし), 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 CN¥1.366 billion,[13] much smaller in size than its sister company Meishan Iron and Steel.

Shareholders

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As of 31 December 2014[2]

Data

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Year Turnover Result Total Assets Net Assets
as Shanghai Meishan Group
1994[15] ¥2.1 billion ¥170.7 million ¥4.2 billion ¥1.7 billion
1995
1996
as Meishan Iron and Steel (in a consolidated basis)
2003[9] ¥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[16] Increase ¥14.3 billion Decrease ¥0.3 billion Increase ¥20.3 billion Increase 11.5 billion

References

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  1. ^ Government database (in Chinese)
  2. ^ a b c 上海しゃんはい梅山うめやま钢铁股また份有限げん公司こうし2014年度ねんど报告 [2014 Annual Report]. Shanghai Meishan Iron and Steel Co., Ltd. (in Chinese). Shanghai Clearing House. 30 April 2015. Retrieved 6 October 2016.
  3. ^ "Shanghai Meishan Iron & Steel Co., Ltd.: Private Company Information - Bloomberg". bloomberg.com. Retrieved 2017-03-08.
  4. ^ 李り园园; 王おう林りん盛もり (25 April 2019). 在ざい坚守与あずか变革中砥なかと砺前行ゆき 上海しゃんはい梅山うめやま钢铁股また份有公司こうし迎むかえ来らい建けん厂50周年しゅうねん. XinhuaNet (in Chinese (China)). Archived from the original on May 18, 2021. Retrieved 1 December 2019.
  5. ^ a b ":::: 上海しゃんはい市し地方ちほう志こころざし办公室しつ ::::". www.shtong.gov.cn. Archived from the original on 2004-09-02.
  6. ^ a b "Official Journal 1998 N°30" (PDF) (in Chinese). State Council of China. 22 December 1998. Retrieved 12 October 2016.
  7. ^ "关于深化しんか大型おおがた企くわだて业集团试点てん工作こうさく_范坤_新しん浪なみ博はく客きゃく".
  8. ^ a b 宝たから钢集团上海しゃんはい梅山うめやま有限ゆうげん公司こうし(简称"梅山うめやま公司こうじ") [Baosteel Group Shanghai Meishan Co., Ltd. (Meishan Co. in short)] (in Chinese). Baosteel Group. Retrieved 6 October 2016.
  9. ^ a b 关于资产收おさむ购及关联交易こうえき的てき公告こうこく [Announcement of Acquisition of Assets and Related-Parties Deal] (PDF). Baoshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 12 August 2004. Retrieved 6 October 2016.
  10. ^ "2005 Annual Report" (PDF). Boshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 29 March 2006. Retrieved 12 October 2016.
  11. ^ "Praxair China Expands Supply Agreement with Meishan Iron & Steel". Praxair. 1 April 2008. Retrieved 6 October 2016.
  12. ^ 省しょう政府せいふ与あずか宝たから武たけし集しゅう团签署しょ《战略合作がっさく协议》 梅うめ钢将从南京なんきん迁往盐城 (Press release) (in Chinese (China)). 南京なんきん投とう资与规划处. 2018-12-05. Retrieved 1 December 2019.
  13. ^ 宝たから钢集团上海しゃんはい梅山うめやま有限ゆうげん公司こうし关于披露ひろう2015年ねん年度ねんど报告的てき公告こうこく [2015 Annual Report] (in Chinese). Baosteel Group Shanghai Meishan Co., Ltd. 29 April 2016. Retrieved 6 October 2016 – via Shanghai Clearing House.
  14. ^ "2015 Annual Report" (PDF). Baoshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 31 March 2016. Retrieved 3 October 2016.
  15. ^ "96梅山うめやま债(sh129703)债券公告こうこく_新しん浪なみ财经_新しん浪なみ网".
  16. ^ "2008 Annual Report". Meishan Iron and Steel (in Chinese). Chinabond.com.cn. 24 April 2012 [Originally published in 2009]. Retrieved 7 October 2016.
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