Sansteel Minguang Co., Ltd., Fujian
三钢闽光
002110
Shenzhen Stock Exchange
Company Profile
(1) Fine business management. The company has actively promoted automation, information technology and process optimization as well as established an efficient management system to realize "management institutionalization, system formalization, form computerization". The company has continued the fine cost management by solidly promoting the "benchmark potential", "cost reduced in the whole process” and strong cost competitiveness. (2) Stronger product competitiveness. The company has attached great importance to the system and brand building. Its brand of "Minguang" is the first steel brand in Fujian Province occupying a market share over 65% in the construction steel market with strong bargaining capability and competitive advantage. The company intensively cultivated in Fujian region for many years, has a stable sales channels with excellent product quality, a complete range of variety specifications complete, meticulous services and high customer recognition, whose products are the first choice of key projects in Fujian. The company is also a main supplier of China's major nuclear power projects.
Full description
The company takes iron and steel as its main business, supplemented by supporting, extension and other ancillary industries. The company currently has major steel production bases such as Sanming headquarters, Quanzhou Mingguang, and Luoyuan Mingguang, with an annual steel capacity of more than 12 million tons. It is the largest iron and steel production base in Fujian Province. The main products include five series: "Minguang" brand building materials, metal product materials, medium thick plates, high-quality round steel, and H-shaped steel.In August 2009, "Minguang" brand deformed steel bar and wire rod were approved by Shanghai Futures Exchange and registered as the steel delivery brand of "last Futures Exchange".The company ranked 330th on the 2024 Fortune China 500 list. The company has received an A-class rating for information disclosure work assessment on the Shenzhen Stock Exchange for six consecutive years (2018-2023). In 2024, the company produced 11.4107 million tons of steel, an increase of 1.51% year-on-year; 10.0244 million tons of pig iron, an increase of 2.46% year-on-year; 11.0679 million tons of steel, a year-on-year decrease of 0.07%; 1.01 million tons of coke, a year-on-year increase of 32.42%; 13.5367 million tons of sintered ore were put into the furnace, an increase of 9.00% year-on-year; 1.2579 million tons of pellets, a year-on-year decrease of 14.72%; The operating revenue was 46.058 billion yuan, a year-on-year decrease of 3.93%, the total profit was -16.07 billion yuan, a year-on-year decrease of 81.82%, and the net profit attributable to shareholders of the listed company was -12.77 billion yuan, a year-on-year decrease of 91.21%; The basic earnings per share were -0.53 yuan, a year-on-year decrease of 96.30%. As of December 31, 2024, the total assets of the company were 51.646 billion yuan, and the equity attributable to the parent company was 19.165 billion yuan.