000708CITIC SteelSZSE

CITIC Pacific Special Steel Group Co., Ltd.

中信特钢

000708

Shenzhen Stock Exchange

BoardMain Board of Shenzhen Stock Exchange
IndustryFerrous Metal Smelting and Pressing
ListedMarch 26, 1997
Websitewww.citicsteel.com
IR Emailzxtgdm@citicsteel.com
Phone(+86)510-80675678
Sourcecninfo.com.cn
AddressCITIC Special Steel Building, No. 1 Changshan Avenue, Jiangyin City, Wuxi, Jiangsu; No. 316 Huangshi Avenue, Huangshi, Hubei

Company Overview

CITIC Pacific Special Steel Group Co., Ltd. is a specialized manufacturer of special steel materials, recognized for its significant production capacity of approximately 20 million tons annually. The company operates five production bases across China, including locations in Jiangsu, Hubei, and Shandong, as well as two raw material production bases. It also manages industrial extension plants to create a strategic industrial chain along the country's coasts and rivers, positioning itself as a key player in the ferrous metal smelting and pressing sector. The company's product portfolio encompasses six major categories: special steel bars, wire rods, specialty plates, seamless steel tubes, special metallurgy forged materials, and processed products. With a focus on quality and innovation, CITIC Pacific Special Steel serves various sectors, including energy, transportation, construction machinery, and aerospace. Its products are distributed widely across China and exported to over 80 countries, earning recognition from high-end global clients. The company has established a strong market position, particularly in the bearing steel sector, and maintains leading shares in several specialized steel markets domestically.

AI-generated from company disclosures and CNInfo data.

Company Profile

The company has consistently upheld technological advancement and innovative development, further strengthening its core competitiveness and industry leadership. This is reflected in the following key aspects: 1.Profound Heritage & Historical Legacy With origins tracing back to the Hanyeping Coal and Iron Works established in 1890 by Zhang Zhidong, Governor of Hubei and Hunan during the late Qing Dynasty, the company boasts a deep-rooted heritage and is hailed as the "Cradle of China’s Steel Industry." Decades of perseverance have forged a solid foundation and accumulated exceptional expertise, providing enduring momentum for sustainable growth. 2.Exceptional Team & Professional Leadership The management team, with diverse expertise in steel production, economic management, capital operations, and financial accounting, possesses visionary strategic insight and acute market awareness. In fiercely competitive markets, they adeptly navigate industry trends and drive agile corporate adjustments. 3.World-Class Equipment & Technological Prowess The company operates cutting-edge facilities, including China’s largest cross-section alloy steel billet continuous caster, world-leading KOCKS-controlled alloy steel bar production lines for precision rolling and cooling, advanced bright-finished material processing lines, and globally acclaimed plate, wire rod, seamless tube, and special forging production systems. 4.Comprehensive Portfolio & Diverse Solutions As one of the world’s most diversified special steel manufacturers, the company produces over 3,000 grades and 5,000 specifications across six core categories: special steel bars, wire rods, specialty plates, seamless tubes, forged materials, and processed products. Its deep-processed offerings include heat-treated materials, bright-finished products, and automotive components. From superalloys and ultra-high-strength steels to specialty stainless steels, it delivers tailored solutions for aerospace, automotive, energy, and electronics sectors. Its "Little Giants" project—featuring long certification cycles, high technical barriers, premium quality standards, and dominant niche market shares—enhances resilience against sector-specific volatility. 5.Quality Excellence & Trusted Reputation Guided by the philosophy that "quality is the lifeblood of the enterprise" and "today’s quality defines tomorrow’s market," the company enforces rigorous quality control from raw materials to finished goods. Advanced systems precisely regulate molten steel composition, temperature, and processing parameters to meet stringent performance demands. Intelligent production management ensures consistent excellence. Certifications include ISO9001, IATF16949, and approvals from Mercedes-Benz, BMW, Audi, SKF, FAW, Dongfeng, China Aerospace, and nine international marine classification societies. 6.Innovation-Driven Technological Leadership The company spearheads national key R&D initiatives such as the "863 Program" and Torch Plan, leads industry standard development, and holds numerous patents and awards for scientific advancements. 7.Strong Capital & Financial Stability Robust liquidity and prudent investment strategies fuel sustainable growth, supported by synergies from CITIC Group in finance, procurement, and sales. This ensures cost efficiency and competitive agility. 8.Customer-Centric Service Excellence Embedded in the corporate DNA, the "customer-first" ethos drives proactive demand anticipation and value creation. A dedicated Customer Research Institute integrates feedback into service enhancements. Leveraging the "Southern Jiangsu Model," state-owned enterprise governance, and global management practices, the company delivers premium quality and service while deepening client partnerships. 9.Strategic Logistics & Nationwide Coverage Coastal and riverine locations—including 100,000-ton-class Yangtze River ports at Xingcheng and Yangzhou, multiple 10,000-ton docks at Daye and Tongling, proximity to Qingdao’s mega ore terminals, and Jingjiang’s inland port—enable a multimodal logistics network (road, rail, water). Collaborations with leading logistics providers ensure extensive, flexible distribution. 10.Green Ecology & Sustainable Development Xingcheng, Daye, and Qingdao subsidiaries are recognized among China’s first "Green Factories," with Daye honored as a "National Afforestation Model." Aligned with national carbon neutrality goals, the company pioneers low-carbon metallurgy, green steel materials, clean energy, and hydrogen-related innovations, driving industry-wide sustainable transformation.

90 announcements tracked· Last: July 22, 2026

Key Financials

As of 2026-08-01T00:00:00.000+00:00
Revenue¥26.49bn
Net Profit¥1.51bn
ROE3.35%
Debt Ratio56.88%
Monetary Funds¥8.54bn
Receivables¥6.89bn
Goodwill¥18.3M
Total Shares5.05bn

Announcements

90 totalCSV

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