figure: the world’s biggest plant roof-mounted ...tv. ?· roof-mounted photovoltaic power...
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Figure: the worlds biggest plant roof-mounted photovoltaic power generation facility built by Baosteel
ONE CHART TO UNDERSTAND THE ANNUAL REPORT
2015 BUSINESS PLAN
MARKET SHARE OF EACH PRODUCT
RESULTS Best in domestic industryTop 3 in global industry
Ratio in mid- and large-sized steel enterprises total output
Ratio in total profit
Cold-Rolled Automotive Sheet
Accomplished global debut of new products
Photovoltaic power generation: 39.09 million kwh
2013-2018 Green Manufacturing andDeveloping Plan released
Built a green industry chain
Won the recommendation of hazardous substance management system (QC080000) certification of British Standards Institution - an international authoritative certification organization
The body structure of No. 1 blast furnacehas been capped and installation of ancillary facilities of the blast furnace has begun. Zhanjiang No.1 blast furnace is expected tobe ignited in September 2015.
The construction of Baocloud IDC phase III project has started,which will be the biggest single-scale data center in China after completion
Standard & Poors , Moodys and Fitch rated the company A-, A3 and A- respectively, the highest credit ratings in global iron and steel industry, all with stable outlooks
IT BUSINESS Operating revenue of E-commerce:
RMB 15.1 billion Up 331% YoY, realizing an annual trade volume of 4.51 million tons
Entered the stage of steel structure construction & installation and equipment installation.
Million tons sales of newly developed product
600 Ultra-supercritical Thermal Power Unit Steel Tube Innovative Development andApplication won the first prize of national science and technology progress award
Development and Industrialization of High-grade Non-oriented Silicon Steel Manufacturing Technology won the first prize of Shanghai science and technology progress award
Research and Development of Cold-rolled Hot-dip Aluminizing and Galvanizing Unit Core Technology and Outfit won the first prize of metallurgical science and technology progress award
Most Admired Knowledge Enterprise in Asia for 3 consecutive years
application ratio ofinvention patents hit all-time high
The first-round trial production of new product models was completed successfully and brought to market
Tin-Coated Sheet Oriented Electric Steel
Non-Standard Oil Pipes
Total Profit Earnings Per ShareNet Assets Per Share
America Europe and Africa
Southeast Asia and South Asia
East Asia and Australia
Steel Product Export
RMB 187.79 Billion
6.94 Yuan/ Share
2.35 Million Tons
Steel output: 23.60 million tons Sales of steel products: 22.96 million tons
Total operating revenue: RMB 194 billion Operating cost: RMB 175.7 billion
Maintaining Top 3 worldwide with respect to profit per ton
Note: CAPEX is short for Capital Expenditure, generally referring to investments in capital or fixed assets, intangible assets and deferred assets
Sales of exclusive andleading products: 12 million tons
CAPEX : RMB 24.7 billion Including RMB16 billionfor Zhanjiang Project
CUSTOMERS FIRST CHOICE
(I) TheBoardofDirectorsand theBoardofSupervisorsofBaoshan Iron&SteelCo.,Ltd. (hereinaftertheCompany),alongwiththeirdirectors,supervisorsandseniorexecutives,herebyguaranteethattheAnnualReport is free fromfalsestatement,misleadinginformationorgravematerialomission,andassumerelevantseparateandjointresponsibilitiesinregardtothetruth,theaccuracyandtheintegrityofthecontentsoftheReport.
Table of ContentsSection I Definitions and Major Risks Warning
Section II Company Profile
Section III Accounting and Financial Highlights
Section IV Board of Directors Report
Section V Significant Events
Section VI Change of Shares and Shareholders
Section VII Preferred Stock
Section VIII Directors, Supervisors, Senior Executives and Employees
Section IX Corporate Governance
Section X Internal Control
Section XI Financial Statements
Section XII Documents Available for Reference
Section I Definitions and Major Risks Warning
Abbreviation Specific Meaning
EVI Early Vendor Involvement.
Carbon steelAn alloy of iron and carbon. Generally speaking, its carbon content between 0.04% and 2%, while most of it less than 1.4%. Steel with no other alloy elements but iron, carbon, silicon, manganese, sulphur and phosphorus as well as silicon content no more than 0.4%, manganese no more than 0.8%.
Non-oriented silicon steel
Silicon steel with no rules or directions in crystal arrangement. Its silicon and aluminum content usually between 1.5% and 4.0%, low iron loss and magnetic induction, with nominal thickness of 0.35mm, 0.50mm etc. Used in various electrical machines, generators, household appliances, relays, electromagnetic switches and etc. for electric power industry.
Oriented silicon steelSilicon steel with certain rules and directions in crystal arrangement. Silicon content usually about 3%, low iron loss and high magnetic induction, with nominal thickness of 0.20mm, 0.23mm, 0.27mm, 0.30mm, 0.35mm and etc. Used in various transformers and others aspects for electric power industry.
Low temperature high magnetic induction oriented silicon steel
Oriented silicon steel produced by low-temperature heating process.
High-strength steelDivided by tensile strength, mild steel with tensile strength less than 340 MPa, high-strength steel with tensile strength between 340 MPa and 780 Mpa, ultra-high strength steel with tensile strength over 780 MPa.
GA auto sheet Alloyed hot dip galvanized sheets.
Heavy plate TMCP Heavy plate manufactured by thermal machine control process.
Heavy plate DQ Heavy plate manufactured by direct quenching process.
Deloitte Deloitte Touche Tohmatsu Certified Public Accountants LLP (special general partnership).
II. Major risk warning
With weak recovery in 2014, global economy will remain an increase of about 3 % in 2015, facing a low increase trend in a long following period.
Chinas present economy has now entered the new normal economy. Based on the knowledge of the Companys internal and external environment
in 2015, low concentration in China iron and steel industry, hard-to-change excessive competition, and the pressure brought by the implementation of
the new environmental protection law on enterprises lack of environmental protection, the Company still needs to pay attention to the following in
production and operation: Zhanjiang Project is a tough task, the Company has to ensure the engineering safety, quality and schedule so as to guarantee
the realization of successful ignition in 159; there are still many challenges faced in the business transforming and upgrading from iron and steel
to materials, from manufacture to service, from China to Global; as an urban-based steel company, Baosteel has to take an active role in exploring
environmental protection management and clean production, environmental protection treatment and comprehensive utilization on solid, liquid and
gas, as well as innovation of metallurgy manufacturability, for further co-melting and co-existence with city.
I. Company profile
English Name Baoshan Iron & Steel Co., Ltd.