Recently, the transfer of assets and equity in the steel industry has become increasingly active. Baotou Iron & Steel (Group) Co., Ltd., Laiwu Iron & Steel Group, Yinshan Steel, Beijing Shougang, Jitai'an New Materials, Wuhan Iron & Steel and other enterprises have publicly transferred waste materials and some assets; At the same time, China 22mcc Group, Baosteel Group, Nantong Wire Products, Baowu Group, Echeng Iron and Steel and other enterprises have also transferred their equity holdings to accelerate industry integration. The details are as follows:
Transfer of Assets
Baotou Iron & Steel (Group) Co., LtdAssignment
6 properties of Luda Garden Villa in Weihai City, Shandong Province
On February 21, 2024, Baotou Iron and Steel (Group) Co., Ltd. transferred 6 properties of Luda Garden Villa in Weihai City, Shandong Province as a wholeThe reserve price of the transfer is 26.3 million yuan.
Baowu Equipment Intelligent Technology Co., Ltd. transferred some assets (vehicles).
On February 8, 2024, China Baowu's Baowu Equipment Intelligent Technology publicly transferred motor vehicles (34 vehicles).The reserve price for the transfer is 120920,000 yuan
Laiwu Iron and Steel Group Yinshan Steel *** transfer
Waste materials from ironworks, steelworks, and strip factories
On February 2, 2024, Laiwu Iron and Steel Group Yinshan Steel Co., Ltd. publicly transferred waste materials such as ironworks, steelworks, and strip factories, with a total reserve price of 514210,000 yuan.
Beijing Shougang Jitai'an New Materials***Assignment9 items of idle equipment
On January 24, 202, Beijing Shougang Jitai'an New Materials was publicly transferred9 items of idle equipment, the reserve price of the transfer is 235140,000 yuan。The company is an alloy steel wire producer, which belongs to the industry of steelmaking, and Shougang Group is the largest shareholder of the company, with a shareholding ratio of 35%.
Wuhan Iron & Steel***AssignmentPartial assets
On January 5, 2024, Wuhan Iron and Steel publicly transferred the spare parts assets of the six-high rolling mill, the assets of the No. 2 steam turbine generator set, the assets of the six-high rolling mill, etcThe total reserve price for the transfer is 16.8 million yuan.
Baosteel special steel long products***AssignmentPart of the assets (small spiral baler).
On January 2, 2024, Baosteel Special Steel transferred part of the assets of Baosteel Special Steel Long Products (Small Spiral Baler).The reserve price of the transfer is 170,000 yuan
Equity Transfer
Baosteel Group Nantong wire rodAssignment
Jiangsu Baosteel precision steel wire *** 51% equity
On February 4, 2024, Baosteel Group Nantong Wire Rod Products publicly transferred 51% of the equity of Jiangsu Baosteel Precision Steel Wire. According to the information, as of December 31, 2023, the company's operating income was 2176720,000 yuan, net profit of -8248470,000 yuan, with total liabilities of 37,177730,000 yuan.
Baowu Group Echeng Iron and SteelAssignment
Guodian Changyuan First Power Generation Co., Ltd. 248% equity, Huadian Hubei Power Generation***10283% equity
On February 4, 2024, Baowu Group Echeng Iron and Steel Co., Ltd. publicly transferred Guodian Changyuan First Power Generation Co., Ltd. 248% equity interest, the reserve price for the transfer is 517920,000 yuanAccording to the information, as of November 30, 2022, the company's operating income was 68,629590,000 yuan, with total liabilities of 22,041920,000 yuan
On the same day, Baowu Group Echeng Iron and Steel publicly transferred Huadian Hubei Power Generation0283% equity, the reserve price of the transfer is 1681320,000 yuan. As of November 30, 2022, the company's operating income was 121,058850,000 yuan, with total liabilities of 865,104840,000 yuan.
Anhui Masteel MiningAssignment
Maanshan Masteel Jiahua commercial concrete *** 100% equity
On January 25, 2024, Anhui Masteel Mining Resources Group publicly transferred 100% equity of Maanshan Masteel Jiahua Commercial Concrete, with a reserve price of 103.68 million yuan, and as of November 30, 2023, the company's net profit was 27940,000 yuan, with total liabilities of 8,804440,000 yuan.
China 22 Metallurgical CorporationAssignment
Equity transfer of Tangshan Stainless Steel Co., Ltd
On December 18, 2023, China 22mcc Group publicly transferred the equity of Tangshan Stainless Steel Co., Ltd., and the transfer was negotiable. The company is composed of Tangshan Iron and Steel, Kailuan, 22 Metallurgical, Chaozhou Jinfeng, Hengshui Jinghua Pipe and other enterprises of different ownership, with an annual production scale of 1.8 million tons of molten iron, 2.1 million tons of molten steel, and 1 million tons of hot-rolled medium and wide belt steel. Tangsteel is the largest shareholder of the company, with a shareholding ratio of 6889%, China 22mcc Group is the second largest shareholder, with a shareholding ratio of 2389%。
This wave of asset and equity transfer not only reflects the urgent need of state-owned steel enterprises for transformation and upgrading and high-quality development, but also the inevitable result of the market's optimization of resource allocation. In the context of intensified competition in the industry and stricter environmental protection policies, iron and steel enterprises need to continuously increase investment in technology research and development and environmental protection, improve product quality and added value, in order to adapt to changes in market demand. At the same time, through the transfer of assets and equity, enterprises can optimize the asset structure, reduce operational risks, improve economic benefits, and help promote the transformation, upgrading and high-quality development of the steel industry.