Baosteel Group Co. is a leading steel complex in China, ranked No. 212th in 2011 Fortune Global 500. Established in 1978, it has become one of the most competitive players in the industry. Baosteel's subsidiary, Baoshan Iron & Steel Co., Ltd, was officially set up in February 2000 and listed on the Shanghai Stock Exchange later that year.
With RMB 432.1 billion in total assets and RMB 260.2 billion in owner's equity by the end of 2010, Baosteel registered a total operating revenue of RMB 273 billion and a pre-tax profit of 24.2 billion in the same year. The company employed a total of 118,500 staff by the end of 2010 and produced 44.50 million tons of steel, ranking No.3 among global steelmakers.
Notably, Baosteel attracted Post-IPO Equity investment from the Canada Pension Plan Investment Board on 01 January 2019. Continuously entering the Fortune Global 500 for eight consecutive years, Baosteel proves its strong foothold in the industry and potential for sustained growth.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Equity | Unknown | 1 | Canada Pension Plan Investment Board | 01 Jan 2019 |
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