Wuhan Iron and Steel Co., Ltd.




Not to be confused with with Wuhan Iron and Steel Corporation, ex-parent company of WGGF (now sister company).






























































Wuhan Iron and Steel Co., Ltd.
Type
 subsidiary
Traded as
SSE: 600005 (former code)
Industry Iron and steel
Founded

  • 1955 (predecessor)

  • 1997 (incorporation)
Headquarters
Wuhan
,
China
Area served
 China
Revenue
DecreaseCN¥58.338 billion (2015)
Operating income
Decrease(CN¥7.935 billion) (2015)
Net income
Decrease(CN¥7.515 billion) (2015)
Total assets
Decrease CN¥94.456 billion (2015)
Total equity
Decrease CN¥28.291 billion (2015)
Owner Baoshan Iron & Steel (100%)
Parent
















Baoshan Iron & Steel (direct)
Baowu Steel Group (intermediate)
SASAC (intermediate)
State Council (ultimate)
Website wggf.wisco.com.cn

Footnotes / references
in consolidated financial statement[1]




















































Wuhan Iron and Steel Company Limited
Simplified Chinese 武汉钢铁有限公司
Traditional Chinese 武漢鋼鐵有限公司
Hanyu Pinyin Wǔhàn gāngtiě yǒuxiàn gōngsī








Alternative Chinese name
Simplified Chinese 武钢有限
Traditional Chinese 武鋼有限
Hanyu Pinyin Wǔgāng yǒuxiàn

Literal meaning Wu[han] Steel Limited







Second alternative Chinese name
Simplified Chinese 武钢股份
Hanyu Pinyin Wǔgāng gǔfèn










Wuhan Iron and Steel Co., Ltd. known as WISCO (and formerly WGGF, abb. of pinyin: Wǔgāng gǔfèn), is a subsidiary of listed steel maker Baoshan Iron and Steel; Wuhan Iron and Steel Co., Ltd. was a subsidiary of state-owned Wuhan Iron and Steel Corporation until 2016. The main business was the steel plant in Qingshan District, Wuhan, while the parent company had transformed from steel making company to holding company and M&A vehicle.


On 21–22 September 2016, a merger between Baosteel Group and Wuhan Iron and Steel Corporation was announced. Wuhan Iron and Steel Company Limited would be takeover by the listed counterpart of Baosteel Group in an all-share deal,[2] while all the rights of Wuhan Iron and Steel Corporation would be transferred to Baosteel Group, as both corporation were supervised by the same entity State-owned Assets Supervision and Administration Commission of the State Council.


On 7 July 2016, after a heavy net loss in 2015, Wuhan Iron and Steel Corporation also announced the group would reduce their production capacity by 4.42 million metric tons, which Wuhan Iron and Steel Co Ltd would be cut 1.40 million metric tons, or about 31.7% of the group total.[3]



Stock market


Wuhan Iron and Steel Co., Ltd. was a component of SSE 50 Index, which was removed in 2011.[4] In 2015, the company was added to CSI 300 Index.[5] The company was a component CSI 300 Index and its sub-index CSI 100 Index, which was removed from the both indexes in 2013.[6]



References





  1. ^ "2015年年度报告" [2015 Annual Report] (PDF). Wuhan Iron and Steel Co., Ltd. (in Chinese). Shanghai Stock Exchange. 26 April 2016. Retrieved 21 April 2017..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"""""""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "China's Top Steel Mills Step Closer to Creating Arcelor Rival". Bloomberg. 21 September 2016. Retrieved 3 October 2016.


  3. ^ "武汉钢铁(集团)公司关于化解过剩产能实施脱困发展的公告" (PDF). Wuhan Iron and Steel Corporation. 7 July 2016. Retrieved 3 October 2016.


  4. ^ "Adjustment list for SSE 180, SSE 50, SSE 380 and other SSE index". Shanghai Stock Exchange. 13 June 2011. Retrieved 3 October 2016.


  5. ^ "上证180、上证50、沪深300和中证100等指数调整样本股" (Press release) (in Chinese). China Securties Index. 1 June 2015. Retrieved 12 July 2017.


  6. ^ "关于调整沪深300和中证香港100等指数样本股的公告" (Press release) (in Chinese). China Securties Index. 2 December 2013. Retrieved 12 July 2017.




External links



  • Official website (in Chinese)














-

Popular posts from this blog

Bressuire

Image
Subprefecture and commune in Nouvelle-Aquitaine, France Bressuire Subprefecture and commune Chateau de Bressuire and the Eglise Notre-Dame Coat of arms Location of Bressuire Bressuire Show map of France Bressuire Show map of Nouvelle-Aquitaine Coordinates: 46°50′27″N 0°29′14″W  /  46.8408°N 0.4872°W  / 46.8408; -0.4872 Coordinates: 46°50′27″N 0°29′14″W  /  46.8408°N 0.4872°W  / 46.8408; -0.4872 Country France Region Nouvelle-Aquitaine Department Deux-Sèvres Arrondissement Bressuire Canton Bressuire Government  • Mayor .mw-parser-output .nobold{font-weight:normal} (2014–20) Jean Michel Bernier Area 1 180.59 km 2 (69.73 sq mi) Population (2014) 2 19,300  • Density 110/km 2 (280/sq mi) Time zone UTC+01:00 (CET)  • Summer (DST) UTC+02:00 (CEST) INSEE/Postal code 79049 /79300 Elevation 98–236 m (322–774 ft) (avg. 173 m or 568 ft) 1 French Land Register data, which exclude...
Read more

Vorschmack

Image
Vorschmack Ukrainian Jewish-style vorschmack served on rye bread Course Hors d'oeuvre Region or state Eastern Europe Associated national cuisine Ashkenazi Jewish, Finnish, German, Ukrainian, Polish, Russian Main ingredients Ground meat and/or fish Cookbook: Vorschmack   Media: Vorschmack Vorschmack or forshmak (Yiddish: פֿאָרשמאַק ‎, from archaic German Vorschmack , "foretaste" [1] or "appetizer" [2] ) is an originally East European dish made of salty minced fish or meat. Different variants of this dish are especially common in Ashkenazi Jewish and Finnish cuisine. Some varieties are also known in Russian and Polish cuisine. Contents 1 In Jewish cuisine 2 In Russian cuisine 3 In Polish cuisine 4 In Finnish cuisine 5 See also 6 References In Jewish cuisine According to Gil Marks, the German name points to the possible Germanic origin of this dish. [1] William Pokhlyobkin descr...
Read more

Quarantine

Image
For other uses, see Quarantine (disambiguation). Signal flag "Lima" called the "Yellow Jack" which when flown in harbor means ship is under quarantine. A simple yellow flag (also called the "Yellow Jack") had historically been used to signal quarantine (it stands for Q among signal flags), but now indicates the opposite, as a signal of a ship free of disease that requests boarding and inspection. A quarantine is used to separate and restrict the movement of people; it is 'a restraint upon the activities or communication of persons or the transport of goods designed to prevent the spread of disease or pests', for a certain period of time. [1] This is often used in connection to disease and illness, such as those who may possibly have been exposed to a communicable disease. [2] The term is often erroneously used to mean medical isolation, which is "to separate ill persons who have a communicable disease from those who are healthy...
Read more