Shandong Iron and Steel Group Co., Ltd. was incorporated on March 17, 2008, and is a limited liability company that jointly performs the duties of investor as the State-owned Assets Supervision and Administration Commission of the Shandong Provincial People’s Government and the Shandong Social Security Fund Council.
It has Shandong Iron and Steel Co., Ltd., Jigang Group Co., Ltd., Laiwu Iron and Steel Group Co., Ltd., Shandong Iron and Steel Group Finance Co., Ltd., Shansteel Financial Holdings (Shenzhen) Co., Ltd., Shandong Vocational College of Industry, Shandong Iron and Steel Group Mining Co., Ltd., Shandong Refractories Group Co., Ltd., Shandong Iron and Steel Group Zibo Zhanggang Co., Ltd. and other subsidiaries (units), Shandong Iron and Steel, Jinling Mining 2 A-share listed companies. As of the end of 2018, the registered capital was 11.193 billion yuan, and the total assets were 316.443 billion yuan. There were 48,000 employees in state-owned holding companies, and the corporate credit rating was AAA. In the past three years, the performance of production and operations has steadily improved. In 2016 and 2017, operating income increased from 98.8 billion yuan to 135.2 billion yuan, and total profit increased from -13 billion yuan to 3.920 billion yuan. In 2018, total operating income was 155.837 billion yuan. The total profit was 7.018 billion yuan and the net profit was 4.545 billion yuan, an increase of 15.23%, 79.03% and 158.68% year-on-year, respectively, the best level since its establishment.