Through the surging tides of history and the forging fires of the times, Shougang Group stands as a testament to resilience and transformation. Established in 1919, Shougang Group is both a microcosm of China’s iron and steel industry and a standard-beared for reform among industrial enterprises. The Group has participated in and witnessed the remarkable evolution of China’s iron and steel industry – from its very beginnings to its growth in scale and subsequent rise to global strength. In 2023, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) announced its evaluation results of the “Double-hundred Enterprises” program, in which Shougang Group was rated “excellent.” With a century of remarkable history and numerous achievements, Shougang has evolved into a vast, diversified enterprise group comprising nearly 500 wholly-owned subsidiaries, holding companies, and equity-participating enterprises, with total assets exceeding RMB 500 billion. The group has been listed among the Fortune Global 500 thirteen times.

Since the founding of the People’s Republic of China, the Party and the state have attached great importance to the development of Shougang Group. Dozens of Party and state leaders have visited Shougang to inspect and guide its work. In February 2014, General Secretary Xi Jinping emphasized in an important speech during an inspection tour in Beijing that “The relocation of Shougang to Caofeidian District is a concrete action and should continue to proceed unwaveringly.” On February 1, 2019, General Secretary Xi Jinping visited Shougang Park to extend his greetings and offer important instructions, providing a strong impetus for Shougang’s high-quality development. On January 4, 2022, General Secretary Xi Jinping visited the Games-time Operations Command Center for the Beijing Winter Olympics, located in Shougang Park, and extended his greetings to the operations management staff. He also gave important instructions on preparations for the Games. In March 2022, during the Two Sessions (the annual meetings of the National People’s Congress and the Chinese People’s Political Consultative Conference), General Secretary Xi Jinping commented on the Big Air Shougang venue, stating that it represents a green transformation, where the steel industry has transitioned into the sports industry.

The people of Shougang Group uphold and advance the Shougang spirit, cultural heritage, and work ethos, driving technological innovation to establish it as Shougang’s primary competitive edge and accelerating the creation of a Shougang model that embodies Chinese modernization. Shougang actively aligns itself with and serves both the national Olympic strategy and Beijing’s urban development positioning. It took the lead in implementing the relocation and restructuring of its steel industry, earning it the title of “Meritorious Shougang” from the CPC Beijing Municipal Committee and the Beijing Municipal People’s Government. Shougang has built the “Steel Dream Factory” in Caofeidian District, representing an internationally advanced standard for the 21st century, making it a pioneer among Chinese steel enterprises that have relocated from central cities to coastal regions for development. Through cross-regional joint restructuring with Shougang Tonghua Iron & Steel Co., Ltd., Shougang Shuicheng Iron & Steel (Group) Co., Ltd., Shougang Changzhi Steel Co., Ltd., Shougang Guiyang Special Steel Co., Ltd., and Shougang Yili Steel Co., Ltd., Shougang has expanded its industrial footprint to coastal areas and resource-rich regions, achieving a steel production capacity exceeding 30 million tons and refocusing its product mix to focus on high-end sheet products.

To excel and further strengthen its steel business, Shougang Group actively implements a new development philosophy, focusing on cultivating its “five major advantages” in products, quality, cost, service, and technology. This approach enables continuous enhancement of its comprehensive competitiveness through the integration of manufacturing and services. Aiming for world-class standards, Shougang Jingtang United Iron & Steel Co., Ltd. has established a demonstration process for China’s new-generation recyclable iron and steel technology. In alignment with the “dual carbon” goals (carbon peaking and carbon neutrality), Shougang Qian’an Iron & Steel Company has become the world’s first enterprise to achieve ultra-low emissions across its entire production process. By integrating itself into the national innovation system, Shougang Group has demonstrated a commitment to efficient, high-quality, intelligent, and environmentally friendly manufacturing, continuously striving to produce high-end, specialized, and differentiated products. Shougang’s three strategic products - automotive steel, electrical steel, and tinplate - have been meticulously refined through years of dedicated effort, maintaining their market share among the top three in China. Honors such as BYD’s “Best Partner Award”, BMW’s “BMW Brilliance Quality Excellence Award”, and Siemens’ “Supplier Award”, bestowed by numerous users, underscore the value of Shougang’s services. Shougang’s contributions are integral to a range of critical national equipment and major projects, including components for aeroengines, gas turbines, fourth-generation nuclear power units, the “Blue Whale 1” drilling platform, high-speed rail trains, large ships, major bridges, hydropower and wind power facilities, rockets, and spacecraft, and the West-to-East Gas Transmission Project.

Shougang Group has seized the historic opportunity presented by the Winter Olympics to drive urban renewal, accelerate the functional transformation of Beijing’s old industrial areas, and embark on a path to revitalization, creating a new landmark for urban revitalization in the new era. Marked by iconic structures such as the Big Air Shougang, the office space for the 2022 Beijing Winter Olympics Organizing Committee, and the “four ice rinks,” Shougang has fulfilled its responsibilities and commitments with distinction, earning the accolade of a “Dual Olympic Enterprise”. It has showcased to the world a new image of how the Olympic Movement can drive urban development, as well as the successful revitalization and adaptive reuse of traditional old industrial areas. The CPC Central Committee and the State Council have conferred upon Shougang Group the title of “Entity with Outstanding Contribution to Beijing 2022 Olympic and Paralympic Winter Games”. These ongoing urban renewal and transformation efforts - highlighted by projects such as the westward extension of Chang’an Avenue, the New Shougang Bridge, the Jin’an Bridge Transportation Hub, the Shijingshan Cultural Landscape Area, and the Industrial Heritage Park - are continually painting a new and vibrant picture of the area. With the settlement of over 900 enterprises themselves here in sectors such as sci-fi, Internet 3.0, artificial intelligence, and aerospace, and with the hosting of various significant conferences and major events like the China International Fair for Trade in Services (CIFTIS) and the China Science Fiction Convention, an industrial ecosystem driven by of new-quality productive forces known as “1+3+X” has taken shape. This has brought forth new highlights in Shougang’s endeavor to establish itself as a pivotal area for building Beijing into an international science and technology innovation center. Seizing the opportunity for the coordinated development of the “two parks and one river” initiative, diverse offerings across industries, including catering, hotels, retail, exhibitions, and experiences, have emerged, forming a distinctive consumption ecosystem that integrates industrial charm, technological sophistication, cultural richness, and international flair. Shougang has become a key part of the construction of Beijing’s “Two Zones” (the National Integrated Demonstration Zone for Greater Openness in the Services Sector and the China (Beijing) Pilot Free Trade Zone), has been selected as one of the “National Night Culture and Tourism Consumption Agglomeration Zones,” and has achieved new successes in establishing itself as a key contributor to building Beijing as an international consumption center city.

Shougang Group is also actively advancing the development and construction of the Caofeidian Park and the Shougang Qinhuangdao Park, playing an exemplary role in the coordinated development of the Beijing-Tianjin-Hebei region.

Embracing its new development philosophy, Shougang Group is continuously deepening its industrial focus and integration of industry with finance, vigorously advancing the development of new industries. In the financial services sector, Shougang Fund conducts business across five primary directions: funds of funds, equity investment, infrastructure real estate, industrial integration and mergers and acquisitions, and internal investment banking. The deposit and loan scale, as well as the financial qualifications of Shougang Group Finance Co., Ltd., continue to improve. The Shougang Group’s treasury management system has officially gone live, marking the first time a municipal state-owned enterprise in Beijing has established a digital treasury system. Capital Industrial Financial Services Group Limited has successfully developed a supply chain finance platform, becoming a state-owned enterprise in Beijing capable of issuing multi-level transferable creditor’s rights certificates within the supply chain.

Focusing on urban renewal, addressing government priorities, and meeting the needs of the general public, Shougang Group is committed to becoming a comprehensive urban service provider. Shougang’s environmental and parking industries have witnessed rapid development, while its real estate sector, prefabricated construction, automated information technology, green building materials, as well as “specialized, refined, distinctive, and innovative” materials and technologies, each boast unique characteristics.

Actively engaging in international operations, Shougang Group began exploring overseas ventures at the dawn of the Reform and Opening-up era. In 1992, it established Shougang Holding (Hong Kong) Limited in Hong Kong and, in the same year, acquired Hierro Peru, gaining permanent mining rights over 670 square kilometers in Marcona, Peru. After over three decades of exploration and development in transnational operations, Shougang Group has now formed an overseas layout primarily centered on mineral resources and international trade, with listed company capital operations and financial services serving as key linkages. Its overseas enterprises are distributed across 15 countries and regions, including Peru, Hong Kong, and Singapore, with assets outside of mainland China totaling nearly RMB 60 billion.

Today, Shougang Group is attracting global attention. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Shougang’s people are forging ahead with determination and courage on the new journey of high-quality development. They are striving to build Shougang into a world-class, comprehensive, and large-scale enterprise group, elevating technological innovation to become Shougang’s primary competitive advantage and accelerating the creation of a Shougang model that embodies Chinese modernization.