A shares: WISCO 600005

Associated enterprise: Wuhan Iron and Steel (Group) Company

WISCO has a complete steel production process such as ironmaking, steelmaking and rolling at the advanced level in the world today, and there are more than 500 varieties of steel products in 7 categories. The main products are cold-rolled sheet, cold-rolled silicon steel, hot-rolled coil, medium plate, large profile, high-speed wire rod, bar and so on. The total production capacity of commercial materials is100000 tons, of which 80% are all kinds of plates that sell well in the market. More than 65,438+000 kinds of products have won national, provincial and ministerial quality certificates, silicon steel products have won the title of famous brand in China and the most influential brand in China steel industry, heavy rail and medium plate products have won the title of famous brand in Hubei province, and 39 kinds of steel products have won the "Golden Cup Award" in metallurgical industry. The physical quality of products has reached the international advanced level, and the output rate is 64.07%.

With the continuous expansion of the production scale of China iron and steel industry, the domestic clean coal supply is increasingly tight. By investing in Pingmei Group, the company will strengthen its influence on upstream coal resources, and the shortage of resource coal that restricts steel production in the future is expected to be alleviated to a greater extent, which has a positive effect on ensuring the main production of steel.

The Company was approved by the National Economic System Reform Commission 1997, and was reorganized by Wuhan Iron and Steel (Group) Co., Ltd. (hereinafter referred to as "WISCO") according to the requirements of the Company Law of People's Republic of China (PRC) and the Special Provisions of the State Council on Overseas Stock Issuance and Listing of Limited by Share Ltd., WISCO invested all the operating assets of its subordinate cold-rolled sheet mills (including painting belt workshops) and cold-rolled silicon steel sheet mills into the company, with net assets of 2,723,804,600 yuan (appraised value, confirmed by the State Administration of State-owned Assets), and converted them into 654,38+0,770,480 shares of state-owned legal person. 1997165438+1October 7, the company was formally established. As a sponsor, a joint-stock company was established by way of fundraising on June 5438+0997+165438+1October 7. WISCO converted all the operating assets of its subordinate cold-rolled sheet mills (including coated strip mills) and cold-rolled silicon steel sheet mills into 65,438+0,770,480 state-owned legal person shares. 1999 issued 320 million shares of public shares on July 5, of which 490 1000 shares were allocated to securities investment funds, and the company's total share capital reached 2,090.48 million shares. Its 320 million public shares were listed and traded on the Shanghai Stock Exchange on August 3rd, 1999.

Since listing, the company's main business has been outstanding and its profits have grown steadily. It has continuously maintained the position of the top 50 listed companies in China and the top 20 comprehensive economic benefits, and has become one of the top ten listed companies in Shanghai and Shenzhen stock markets.

WISCO adheres to Scientific Outlook on Development, vigorously advocates people-oriented corporate culture, and strengthens management innovation. It has successively won the honorary titles of National Quality Management Award, National Advanced Unit for Implementing Customer Satisfaction Project, Advanced Unit for Opening Factory Affairs of Central Enterprise Working Committee, and National Home of Model Workers.

The company is planning its future development from a high starting point. With the projects under construction such as No.3 silicon steel and No.3 hot rolling coming into production, WISCO will continue to consolidate its position as the largest chief supplier of silicon steel with the most complete variety in China, and at the same time end the passive situation of China's long-term dependence on imports for automobile plates and household appliances, especially high-end automobile plates, greatly optimize the product structure and further enhance the company's core competitiveness.

WISCO hopes to continue to write the glorious chapter of "China Iron and Steel High-end Product Leader".

1999

WISCO shares are listed on the Shanghai Stock Exchange. WISCO was identified as one of 39 key state-owned enterprises. "No.4 Sintering" was put into production, and No.8 coke oven was completed and put into production. WISCO realizes full continuous casting. Pressure vessel steel and low-carbon wire rod won the "Golden Cup Award" for the physical quality of metallurgical products. WISCO was awarded "National Advanced Unit of Spiritual Civilization Construction" and "Outstanding Contribution Award of China Enterprise Management". WISCO merged Hainan Pengda Steel Plate Company.

In 2000,

WISCO shares rank in 1999 top 50 listed companies 15. WISCO's debt-to-equity swap was 2,265.438+0.89 billion yuan. WISCO establishes postdoctoral research center.

In 2003

WISCO has achieved a comprehensive victory of "focusing on prevention and control on one hand and production and operation on the other". The output of WISCO steel has exceeded "double 8 million" ten thousand tons.

In 2006

WISCO's 11th Five-Year Development Plan has been approved by the state. With the approval of the Ministry of Commerce, WISCO established WISCO (Europe) Trading Co., Ltd. and Wuhe Co., Ltd. in Germany and Japan respectively. WISCO's second silicon steel project was completed and put into operation. WISCO steel plate for hull structure was rated as "China Famous Brand". The State Council SASAC adjusts and enriches the leadership of WISCO. Comrade Hu, Wang Ling and Ma Qilong are members of the Standing Committee of the Party Committee of WISCO (Group) Company. At the same time, Wang Ling Wuhan Iron and Steel (Group) Company was removed from the post of Deputy General Manager. Wuhan Iron and Steel Co., Ltd. was jointly rated as Top 20 10 Listed Companies in China 100 (seventh place) by Buffett magazine, World Enterprise Competitiveness Laboratory and world economists, ranking 57th.