Recently, the China Enterprise Federation and the China Entrepreneur Association released the 2023 Top 500 Chinese Enterprises List, as well as the Top 500 Chinese Manufacturing Enterprises List. This ranking reveals the latest competitive landscape of enterprises in the steel industry.
In this list, there are 25 steel companies with a revenue of 100 billion yuan.
The top ten lists are: China Baowu Iron and Steel Group Co., Ltd., Hegang Group Co., Ltd., Qingshan Holding Group Co., Ltd., Ansteel Group Co., Ltd., Jingye Group Co., Ltd., Jiangsu Shagang Group Co., Ltd., Shougang Group Co., Ltd., Hangzhou Iron and Steel Group Co., Ltd., Shanghai Delong Iron and Steel Group Co., Ltd., and Beijing Jianlong Heavy Industry Group Co., Ltd. Compared to 2022, there have been some changes in the top 10 rankings!Qingshan Holdings surpassed Ansteel Group and ranked third;
Jingye Group has advanced to a full five positions, with remarkable revenue growth;
Shandong Iron and Steel Group withdrew from the top ten list;
New Shanghai Delong ranks 9th!
Jingye Group ranks 88th among the top 500 Chinese enterprises and 34th among the top 500 Chinese manufacturing enterprises, advancing by 24th and 12th respectively compared to last year. Jingye Group continuously improves its competitiveness by introducing globally leading high-precision and cutting-edge technologies – additive manufacturing technology and short process thin strip casting and rolling technology. Continuously conducting strategic layout globally and restructuring Ulanhot Steel Plant in 2014; In March 2020, it officially acquired British Steel, the second largest steel company in the UK, and became a multinational enterprise group. In September 2020, it took over Guangdong Taidu Steel Company; In October 2022, it officially acquired Guangdong Yuebei United Steel Company. Data shows that Jingye Group’s revenue in 2021 was 224.4 billion yuan, and in 2022 it was 307.4 billion yuan, which is almost a growth of nearly 100 billion yuan, indicating that the group’s development momentum is very strong.
Delong Group actively explores the overall strategic layout of “one main body, two wings” and focuses on building a new model of win-win cooperation between upstream and downstream industries in the industrial chain. Adhere to innovation as the primary driving force, increase variety, improve quality, and create a brand. Adhere to the theme of high-quality development, comprehensively benchmark, reduce costs and increase efficiency, promote green, low-carbon and energy-saving, and enhance the effectiveness of digital intelligence empowerment. Adhere to integrating into the new development pattern, make good use of both domestic and international markets and resources, and enhance overall competitiveness. Actively seeking overseas incremental markets and forming new profit growth points. Chairman Ding Liguo stated, “Strive to achieve breakthroughs in internal control, management mode, production organization, product research and development, financing and investment, personnel structure, platform upgrade, intelligent manufacturing, and international expansion, effectively promoting the improvement of the core competitiveness of enterprises
Shangang Group achieved a revenue of 266.519 billion yuan in 2021. In 2022, the revenue was only 182.668 billion yuan. In its 2022 annual report, Shangang Group listed factors such as changes in control mode, the impact of a decline in the securities market, a decline in the steel market, and a significant increase in the US dollar/RMB exchange rate, resulting in a significant year-on-year decline in profit levels.
The changes in the ranking of steel companies mentioned above also largely reflect that steel companies are in the midst of a wave of development and transformation. The Chinese steel industry
Post time: Nov-07-2023