Shanghai Ganglian E-Commerce Holdings Co., Ltd.

Shanghai Ganglian E-Commerce Holdings Co., Ltd. (Mysteel) is a prominent provider of commodity data services and operates a significant B2B steel trading e-commerce platform in China. Established in 2011 and listed on the ChiNext board of the Shenzhen Stock Exchange, the company focuses on facilitating digital transformation within the commodities sector through advanced data services and electronic trading solutions. Mysteel aims to enhance industry growth and innovation by delivering valuable insights and data-driven solutions to its users. Mysteel's operations span eight major industries, including ferrous and non-ferrous metals, energy and chemicals, agriculture, construction materials, new energy, new materials, and recycled resources. The company serves over 280,000 paying customers and employs more than 3,000 staff, including a dedicated team of analysts and IT professionals. Its subsidiary, Banksteel, is a leading e-commerce platform in the steel sector, providing comprehensive solutions that integrate industry resources and technology. Mysteel's price indices are recognized as key benchmarks in domestic and international commodity trading, reinforcing its position as a leader in the global commodity data service market.

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.