Shanghai Ganglian E-Commerce Holdings Co., Ltd.
上海钢联
300226
Shenzhen Stock Exchange
Company Profile
The company is one of the world's leading commodity and related industry data service providers, with annual revenue reaching nearly 800 million yuan in 2022. The company has established a good industry reputation and brand advantage, and it is a data cooperation unit for multiple national ministries and commissions, including the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the National Bureau of Statistics, and the Development Research Center of the State Council. Mysteel price indices are widely used as settlement benchmarks in the trading of many commodities, including steel, iron ore, coking coal, aluminum, copper, rare earths, methanol, propylene, C5, and cement. In 2021, the Mysteel price index made a significant breakthrough in international derivative markets with the launch of the Mysteel Shanghai Rebar Futures Contract by the Singapore Exchange. This is the first international steel derivative contract using Chinese price as the settlement index, providing global steel industry chain companies and international investors with direct access to the Chinese domestic steel market, further enhancing the international influence of the China prices. In September 2023, the FEX Global Futures Exchange in Australia officially launched futures and options contracts based on the Mysteel Iron Ore 62% Fe Fines Spot Price Index published, marking another milestone in the company's expansion into the global market. The company has industry-leading advantages in data collection, processing, and standardization systems, with years of deep cultivation in the commodity industry. It has a scientifically sound methodology, standardized workflow, and has built a replicable growth model. The company is the first commodity data service provider in China to obtain certification from the International Organization of Securities Commissions (IOSCO). Price indices for iron ore, coking coal, and steel in the steel industry chain have all passed IOSCO certification, and other commodity price indices also adhere to IOSCO principle, aligning with international best practices. The company's "Steel Price Index Compilation Guidelines" were recognized as "Shanghai Standards" in 2022, making it the first enterprise standard guiding the methodology of price index compilation in the steel industry. The implementation of these guidelines has provided a replicable and promotable enterprise standard for steel price index compilation in China. The data service for ferrous metal is the company's founding business and has accumulated core competitiveness. The standardized working model of the ferrous metal industry has been replicated in the other seven major industries, establishing a data system that applied to the entire industry chain, allowing logical relationships between industries and regions to be cross-validated for more effective assurance of data accuracy and authenticity. The company's subsidiary, Banksteel provides e-commerce services for the steel industry, offering comprehensive e-commerce solutions to various types of enterprises in the steel industry through the Banksteel platform. It is committed to empowering and optimizing traditional industries with Internet technology, aligning with the national strategic direction of supply-side structural reform in the steel industry. Currently, the platform has over 160,000 corporate users, nearly 50 service sites nationwide, partnerships with nearly 350 domestic steel mills, over 400 cooperative warehouses, and cooperation with over 3,000 logistics carriers. Banksteel has seen year-on-year growth in transaction volume, leading the industry, with a transaction volume of nearly 53 million tons and a transaction settlement amount exceeding 240 billion yuan in 2022. The company has consistently ranked among China's Top 100 Internet Companies for seven years, leading the way in the commodity sector. It is also a pioneering privately-owned enterprise hub, designated as the Ministry of Industry and Information Technology's "National Small and Medium-sized Enterprise Service Demonstration Platform," and recognized as the Ministry of Commerce's "National E-commerce Demonstration Enterprise." It stands as a prominent force in China's emerging industries.
Full description
Shanghai Ganglian E-Commerce Holdings Co. Ltd. (Referred to as “Mysteel”) is one of the world's leading providers of commodity data services and operates a domestic multi-billion-dollar B2B steel trading e-commerce platform. It fosters digital transformation and advancement within the commodities industry by leveraging industry data services and steel electronic trading solutions, propelling industry growth and innovation through data-element approaches and digital technologies, ultimately delivering added value to users from commodity and related industry data. For more than two decades, Mysteel has been deeply embedded in the commodity data service sector, encompassing nearly all significant commodities and catering to users across more than a hundred industrial chains. Internationally, it stands at the forefront due to its extensive data collection, acknowledged utility, and revenue generation. Operating as an independent third-party entity, it delivers multi-dimensional data centered on price fluctuations, widely embraced and utilized in both spot and derivative markets, thereby enhancing transparency, efficiency, and security within commodity markets. Mysteel prices have emerged as pivotal settlement benchmarks in domestic commodity trading, breaking the dominance of foreign indices and integrating into the global price framework. Beyond the spot market, the company's price indices have been adopted by several international exchanges as settlement benchmarks for derivative contracts, bolstering the global prominence of "Chinese prices." Starting from the steel industry, the company has expanded its presence to eight major industries: ferrous metals, non-ferrous metals, energy and chemicals, agricultures, construction materials, new energy, new materials, and recycled resources. Based on proprietary industry big data assets, seasoned expert analysts, unique modeling methodologies, and cutting-edge big data technology, the company's data now covers over 100 industry chains, tracks daily price changes for over 900 commodity varieties, serves over 280,000 paying customers, employs over 3,000 staff members, including over 300 analysts and research teams, as well as over 300 members in the IT development team. The company's mission is to " Generate value from commodity and associated industry data for users" through a product matrix comprising prices, data, news, analysis, consulting, and conferences, helping out clients efficiently acquire, interpret, and apply data to enhance digital capabilities, gain advantages in the complex and ever-changing market, and lead industry digital decision-making through technological innovation. The company's subsidiary, Shanghai Banksteel E-commerce Co., Ltd. (referred to as "Banksteel," stock code: 835092), is a leading Chinese steel B2B e-commerce trading platform, with transactions reaching hundreds of billions of yuan. Banksteel, rooted in steel e-commerce and powered by extensive industrial big data, seamlessly integrates industry resources across the value chain to construct a holistic service ecosystem. This ecosystem encompasses data intelligence, transaction settlement, supply chain solutions, warehousing and processing, logistics distribution, and SaaS applications. Committed to the profound fusion of cutting-edge technologies such as the Internet, Internet of Things, big data, cloud computing, 5G, and artificial intelligence with traditional industries, the company leverages technology to bridge upstream and downstream sectors, driving cost reduction and efficiency enhancements within the industry. Its overarching goal is to realize the vision and mission of “Trade steel easier and safer.”