Wuhan Iron and Steel Group
Release time: July 13, 2018
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WISCO has the world's advanced level of iron and steel production, steel-making, rolling and other complete steel production process, a total of 7 categories of steel products, more than 500 varieties. The main products are cold-rolled sheet, cold-rolled silicon steel, hot-rolled coil, medium and heavy plate, large-scale material, high-speed wire rod, bar and so on. The total production capacity of commercial materials is 10 million tons, 80% of which are all kinds of popular plates in the market. More than 100 products of the company have been awarded the national, provincial and ministerial high-quality product certificates. Silicon steel products have been awarded the Chinese famous brand and the most influential brand in China's iron and steel industry. The heavy rail and plate products have won the Hubei provincial famous brand title. 39 steel products have won the "gold cup award" in the metallurgical industry. The product quality has reached the international advanced level, and the output ratio is 64.07%.
With the continuous expansion of the production scale of China's steel industry, the supply of domestic refined coal for smelting is becoming increasingly tense. Through the investment in Pingmei Group, the company will strengthen its influence on the upstream coal resources and restrict the scarce resources of iron and steel production. Coal is expected to be relieved to a greater extent in the future, which has a positive role in ensuring the main production of iron and steel.
The company is in accordance with the company law of the people's Republic of China and《 Special provisions of the State Council on overseas share offering and listing of joint stock limited companies 》By the state Economic system reform With the approval of Document No. 164  of the committee, Wuhan Iron and steel (Group) Co., Ltd. (hereinafter referred to as "WISCO") is a joint-stock company established by means of promotion and establishment. According to the reorganization plan, WISCO invested all the operating assets of its subordinate cold-rolled sheet plant (including coated strip steel workshop) and cold-rolled silicon steel sheet plant into the company, with net assets of 2723.8046 million yuan (the evaluation value was confirmed by the state owned assets supervision and Administration Bureau), which was converted into 1770.48 million shares of state-owned corporate shares. On November 7, 1997, the company was formally established. As a sponsor, a joint stock company established by way of offering on November 7, 1997. WISCO converted all operating assets of its subordinate cold-rolled sheet plant (including coated strip steel workshop) and cold-rolled silicon steel sheet plant into 1770.48 million state-owned corporate shares. After issuing 320 million public shares on July 5, 1999, 49.01 million shares were allocated to the securities investment fund, and the total share capital of the company reached 209048 million shares. Its 320 million public shares were listed on the Shanghai Stock Exchange on August 3, 1999.
Since its listing, the company's main business has been outstanding, and its profits have increased steadily. It has continuously maintained the position of China's top 50 listed companies and the top 20 comprehensive economic benefits, and has become one of the top ten listed companies in Shanghai and Shenzhen.
WISCO adheres to the scientific outlook on development, vigorously advocates the people-oriented enterprise culture, and strengthens management innovation. It has successively won the national quality management award, the national advanced unit of implementing customer satisfaction project, the advanced unit of factory affairs disclosure of the central enterprise working committee, and the national model worker's home.
The company is planning its future development from a high starting point. With the three silicon steel, three hot rolling and other construction projects about to be put into operation, WISCO will continue to consolidate its position as the leading supplier of domestic silicon steel with the most complete varieties and the largest scale. At the same time, it will end the passive situation that China's car and household appliance boards, especially high-end car panels, have been relying on imports for a long time, greatly optimize the product structure and further enhance the company's core competitiveness.
WISCO hopes to continue to write the brilliant chapter of "the leader of China's high-end steel products".
WISCO shares are listed on the Shanghai Stock Exchange. WISCO has been identified as one of the 39 national key enterprises. The "four burners" were put into operation, and the No.8 coke oven was completed and put into operation. WISCO has realized full continuous casting. Pressure vessel steel and low carbon wire rod won "gold cup award" for metallurgical product quality. WISCO won the title of "national advanced unit of spiritual civilization construction" and "outstanding contribution award of Chinese enterprise management". WISCO merged Hainan Pengda steel plate company.
WISCO shares ranked 15th among the top 50 listed companies in 1999. WISCO's debt to equity swap was 2.218.9 billion yuan. WISCO has set up a post doctoral research station.
WISCO has won an all-round victory in "prevention and control of SARS" and production and management at the same time. WISCO's steel production has broken through "double 8 million tons".
The 11th Five Year Plan of WISCO has been approved by the state. WISCO has been approved by the Ministry of Commerce of the people's Republic of China to establish WISCO (Europe) Trading Co., Ltd. and Wuhe Co., Ltd. in Germany and Japan. The second silicon steel project of WISCO was completed and put into operation. The steel plate for hull structure of WISCO was selected as "China famous brand". The state owned assets supervision and Administration Commission of the State Council adjusted and enriched the leading group of WISCO. Hu Wangming, Wang Ling and Ma Qilong were appointed members of the Standing Committee of the Party committee of Wuhan Iron and steel (Group) company. At the same time, Wang Ling was removed from the post of deputy general manager of Wuhan Iron and steel (Group) company. Wuhan Iron and Steel Co., Ltd World Economist Weekly It was jointly rated as one of the top 100 listed companies in 2010 (the seventh session), ranking 57th.