Shandong Iron and Steel Group Co., Ltd. (referred to as SISG) is an important state-owned backbone enterprise in Shandong Province. It was established in 2008 by subordinate units of Jinan Steel, Laiwu Steel, and Shandong Metallurgical Industry Corporation. Currently, it is owned by China Baowu Iron and Steel Group Co., Ltd., Shandong Provincial People's Government State owned Assets Supervision and Administration Commission, Shandong Guohui Investment Holding Group Co., Ltd., and Shandong Caixin Asset Operation Co., Ltd., holding 49% and 35.7%10.2% and 5.1% equity respectively.
The headquarters of SISG is located in Jinan, Shandong. It currently has Shandong Iron and Steel Co., Ltd., Laiwu Iron and Steel Group Co., Ltd., Shandong Jinling Mining Co., Ltd., Shandong Iron and Steel Group International Trade Co., Ltd., Shandong Iron and Steel Group Real Estate Co., Ltd., Shandong Iron and Steel Group Finance Co., Ltd., Shandong Iron and Steel Capital Holdings (Shenzhen) Co., Ltd., Shandong Refractory Materials Group Co., Ltd., and Shanxin Software Co., Ltd Shandong Iron and Steel Group Yongfeng Zibo Co., Ltd., Shandong Iron and Steel Group Zibo Zhanggang Co., Ltd. and other subsidiaries. Holding two A-share listed companies, Shandong Iron and Steel and Jinling Mining.
As of the end of 2023, SISG has a registered capital of 11.969 billion yuan, total assets of 185.836 billion yuan, and an enterprise credit rating of AAA. For five consecutive years, it has been ranked A+(extremely competitive) in the comprehensive competitiveness ranking of Chinese steel enterprises. Its main steel industry ranks 133rd among the Fortune 500 listed companies in China in 2023, 65th among the top 200 manufacturing companies in China, and 42nd among the top 100 equipment manufacturing companies in China. It has been awarded titles such as "AAA Enterprise for High Quality Development of Chinese Steel Enterprises", "Shandong Social Responsibility Enterprise", "National Circular Economy Pilot Demonstration Enterprise", "China Steel Industry Clean Production Environmentally Friendly Enterprise", "National Metallurgical Industry Green Development Benchmark Enterprise", as well as national "Green Factory" and "National Enterprise Culture Construction Special Contribution Unit".
As a leading enterprise in the steel industry chain of Shandong Province, SISG focuses on developing three main businesses: black metal mining, smelting and processing, steel trade and services, new materials, high-end equipment manufacturing and technical services, cultivating and developing emerging industries such as industrial finance, industrial park development and operation, and information technology. Adhering to the development strategy of "emphasizing both quality and scale, advancing both coastal and inland areas, and promoting green and intelligent development", focusing on the transformation and upgrading of the steel industry, SISG will strive to build Rizhao Steel Quality Base, Laiwu Steel Quality Steel Base, Linyi harbour Advanced Special Steel Base, and Dezhou Yongfeng Short Process High Quality Building Materials Base, gradually forming an annual production scale of over 30 million tons of steel, with process technology and equipment reaching the leading level in China.
The main steel products of SISG include five series: plate and strip, sheet metal, section steel, special steel, and building materials, covering key fields such as high-end equipment, marine engineering, automotive steel, power plant boilers, rail transit, white goods, petrochemical equipment, and construction machinery. They are popular nationwide and exported to more than 70 countries and regions. They have been successfully applied to the Hong Kong Zhuhai Macao Bridge, Daxing International Airport, and Beijing Winter Olympics venues Important projects such as the Arctic Yamal liquefied natural gas project. More than 30 steel products have been awarded the China Famous Brand, Shandong Famous Brand, National Metallurgical Product Physical Excellent Quality Award, and "Golden Cup Award".
SISG is committed to building a world-class enterprise, focusing on forging comparative advantages in green, intelligent, and sustainable development. Adhering to the core values of "co-creation, co-progress, and win-win", we have established strategic partnerships with over 100 large enterprise groups both domestically and internationally, working together to build and share a high-quality steel ecosystem. Adhering to ecological priority and green and low-carbon development, we have taken the lead in achieving ultra-low emission transformation of the entire process and process of steel in Shandong Province, becoming a demonstration and leader in the green transformation of steel enterprises in the province. We vigorously implement the innovation driven development strategy, with 3 national level scientific and technological innovation platforms, 16 provincial-level scientific and technological innovation platforms, and more than 20 technology-based enterprises. Every year, we obtain nearly 500 new authorized patents. In 2023, the investment intensity in scientific and technological research and development was 2.79%, with 683 new patent applications accepted, a year-on-year increase of 5.7%, of which invention patent applications accounted for 71%.
SISG effectively fulfills the political, social, and economic responsibilities of state-owned enterprises, comprehensively strengthens Party building and leadership, deepens the reconstruction of state-owned capital investment companies, deepens market-oriented reforms, and promotes the strengthening, optimization, and expansion of state-owned capital and state-owned enterprises. From 2020 to 2023, the cumulative production of steel exceeded 100 million tons, with tax payments exceeding 30 billion yuan. Actively practicing the belief and pursuit of "serving the people and benefiting employees", always adhering to the principle of development for employees, relying on employees for development, and sharing development achievements with employees, fully implementing the construction of "Happy and Harmonious New Shandong Iron and Steel", making the footsteps of Shandong Iron and Steel people in promoting high-quality development more solid, and the enthusiasm for realizing their dreams more passionately.
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