Company Profile of Wuhan Iron and Steel Co., Ltd.

Wuhan Iron and Steel Company Limited

A shares: Wuhan Iron and Steel Co., Ltd. 600005

Affiliated enterprises: Wuhan Iron and Steel (Group) Company

Wuhan Iron and Steel Co., Ltd. The company has a complete steel production process including iron-making, steel-making, and steel-rolling that is advanced in the world today. Its steel products include 7 categories and more than 500 varieties. The main products include cold-rolled sheets, cold-rolled silicon steel, hot-rolled coils, medium and thick plates, large-sized steel products, high-speed wire rods, bars, etc. The total production capacity of commercial steel products is 10 million tons, of which 80% are various types of plates that are popular in the market. More than 100 products of the company have won national, provincial and ministry quality product certificates. Silicon steel products have been awarded the title of China Famous Brand and the Most Influential Brand in China's Steel Industry. Heavy rail and plates have been awarded the title of Hubei Province Famous Brand. 39 steel products have been awarded the title of Metallurgical Industry "Gold Cup Award", the physical quality of the product reaches the international advanced level and the output ratio is 64.07%.

With the continuous expansion of the production scale of my country's steel industry, the supply of domestic smelting clean coal is becoming increasingly tight. Through the investment in Pingmei Group, the company will strengthen its influence on upstream coal resources and restrict the growth of steel production. The shortage of coal resources is expected to be alleviated to a greater extent in the future, which will play a positive role in ensuring the production of the main steel industry.

The company was restructured by the National Economic Structural Reform Commission in accordance with the requirements of the "Company Law of the People's Republic of China" and the "Special Regulations of the State Council on Overseas Raising of Shares and Listing of Joint Stock Companies" [ Approved by Document No. 164 of 1997, Wuhan Iron and Steel (Group) Company (hereinafter referred to as "Wuhan Iron and Steel") as the sponsor, is a joint-stock company established through sponsorship. According to the reorganization plan, Wuhan Iron and Steel will invest all operating assets of its subordinate cold-rolled sheet plants (including coated strip steel workshops) and cold-rolled silicon steel sheet plants into the company, with net assets of 2.7238046 million yuan (appraised value and approved by the state-owned assets (confirmed by the Bureau), converted into 1.77048 million state-owned legal person shares. On November 7, 1997, the company was officially established. As a promoter, it is a joint-stock company established on November 7, 1997 by way of raising funds. Wuhan Iron and Steel will convert all operating assets invested in its affiliated cold-rolled sheet plants (including coated strip steel workshops) and cold-rolled silicon steel sheet plants into 1.77048 million state-owned legal person shares. After issuing 320 million public shares on July 5, 1999, of which 49.01 million shares were allotted to securities investment funds, 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 3, 1999.

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

Wuhan Iron and Steel Co., Ltd. adheres to the scientific outlook on development, vigorously advocates a people-oriented corporate culture, and strengthens management innovation. It has successively won the National Quality Management Award, the National Advanced Unit for Implementing Customer Satisfaction Projects, the Advanced Unit of the Central Enterprise Working Committee for Factory Affairs Disclosure, National model employee home and other honorary titles.

The company is planning its future development from a high starting point. With projects under construction such as tri-silicon steel and tri-hot rolling about to be put into production, Wuhan Iron and Steel Co., Ltd. will continue to consolidate its position as the chief supplier of the most complete varieties and largest scale of domestic silicon steel. At the same time, it will end the use of panels for cars and home appliances in my country, especially for high-end The passive situation of long-term dependence on imports for passenger car panels has greatly optimized the product structure and further enhanced the company's core competitiveness.

Wuhan Iron and Steel Co., Ltd. hopes to continue to write a glorious chapter as "China's leader in high-end steel products".

In 1999

Wuhan Iron and Steel Co., Ltd. was listed on the Shanghai Stock Exchange. Wuhan Iron and Steel was identified as one of the 39 important state-owned enterprises. "Fourth burning" was put into operation, and No. 8 coke oven was completed and put into operation. Wuhan Iron and Steel Co., Ltd. has achieved full continuous casting. Pressure vessel steel and low carbon wire rod won the "Gold Cup Award" for the physical quality of metallurgical products. WISCO won the title of “National Advanced Unit for Spiritual Civilization Construction” and “China Enterprise Management Outstanding Contribution Award”. Wuhan Iron and Steel merged with Hainan Pengda Steel Plate Company.

2000

Wuhan Iron and Steel Co., Ltd. ranked 15th among the top 50 listed companies in 1999. Wuhan Iron and Steel's debt-to-equity swap amounted to RMB 2.2189 billion. Wuhan Iron and Steel Co., Ltd. established a postdoctoral research workstation.

In 2003

Wuhan Iron and Steel achieved comprehensive success in “preventing and controlling SARS with one hand and focusing on production and operation with the other”. Wuhan Iron and Steel's steel production exceeded "double 8 million" tons.

2006

The “Eleventh Five-Year Plan” Development Plan of Wuhan Iron and Steel Co., Ltd. was approved by the state. WISCO was approved by the Ministry of Commerce to establish wholly-owned WISCO (Europe) Trading Co., Ltd. and WISCO Co., Ltd. in Germany and Japan respectively. Wuhan Iron and Steel's di-silicon steel project was completed and put into operation. WISCO's steel plates for ship hull structures were selected as "Chinese Famous Brands". The State-owned Assets Supervision and Administration Commission of the State Council adjusted and enriched the leadership team of Wuhan Iron and Steel Co., Ltd. Comrades Hu Wangming, Wang Ling and Ma Qilong are appointed as members of the Standing Committee of the Party Committee of Wuhan Iron and Steel (Group) Company. At the same time, Comrade Wang Ling was removed from the post of deputy general manager of Wuhan Iron and Steel (Group) Company. Wuhan Iron and Steel Co., Ltd. was jointly rated by Buffett Magazine, World Enterprise Competitiveness Laboratory, and World Economist Weekly as one of the top 100 listed companies in China in 2010 (the seventh session), ranking 57th.