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baosteel.com

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Investments

3

Portfolio Exits

1

Partners & Customers

10

About Baosteel Group

China Baowu Steel Group, dba Baosteel Group, is a state-owned iron and steel company. Its subsidiaries include Baoshan Iron and Steel (SSE: 600019), Xinjiang Ba Yi Iron and Steel (SSE: 600581), Shanghai Baosight Software (SSE: 600845), and SGIS Songshan (SZSE: 000717).

Baosteel Group Headquarter Location

Baosteel Tower 370 Pudian Road

Shanghai, Shanghai, 200122,

China

+86 021-58350000

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Latest Baosteel Group News

Chinese Steel Giant Baowu Debuts in Top 50 of Fortune Global 500; Evergrande Exits Chinese Steel Giant Baowu Debuts in Top 50 of...

Aug 3, 2022

(Yicai Global) Aug. 3 -- China Baowu Steel Group, the world’s largest steelmaker, has made the top 50 of the Fortune Global 500 for the first time, while debt-laden real estate giant China Evergrande dropped out of this year’s rankings. Having expanded through mergers and acquisitions, Baowu ranked 44th in the world with revenue of USD150.7 billion, up 28 places from last year, according to the list that global media group Fortune released today. Since it was formed in 2016 by the merger of Shanghai-based Baosteel Group and Wuhan-based Wuhan Steel Group, Baowu has acquired a number of steel companies in recent years, including Magang Group Holding and Taiyuan Iron and Steel Group. Its crude steel production has ranked first in the world for two consecutive years. Liaoning Ansteel Group, another Chinese state-owned producer, rose the most on the list after last year merging with Liaoning province’s Bensteel Group, ranking 217th with USD59.4 billion in revenue, up 183 places from last year. But with the real estate sector in a slump, the number of Chinese property companies on the list has dropped to five from eight in 2021. Besides Evergrande, Sunac China and China Resources Land are also out of this year’s rankings. American retail giant Walmart maintained its first place in the Global 500 with revenue of USD572.8 billion, followed by US e-commerce giant Amazon and Chinese power company State Grid. China National Petroleum and Sinopec Group, China’s two biggest energy firms, ranked fourth and fifth, respectively. A total of 145 Chinese companies made the Global 500 this year, accounting for 31 percent of total revenues, surpassing the United States for the first time, with US businesses accounting for 30 percent of total revenue. Rebounding from the Covid-19 pandemic, total revenue at the top 500 firms reached USD37.8 trillion, climbing 19 percent from 2021, making it the biggest annual increase ever, Fortune added. Editor: Peter Thomas

Baosteel Group Investments

3 Investments

Baosteel Group has made 3 investments. Their latest investment was in Ouyeel as part of their Series B on June 6, 2019.

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Baosteel Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/27/2019

Series B

Ouyeel

$293.72M

Yes

3

9/18/2017

Secondary Market

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$99M

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10

3/1/2016

Seed

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10

Date

6/27/2019

9/18/2017

3/1/2016

Round

Series B

Secondary Market

Seed

Company

Ouyeel

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Amount

$293.72M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

Baosteel Group Portfolio Exits

1 Portfolio Exit

Baosteel Group has 1 portfolio exit. Their latest portfolio exit was Shanghai Rural Commercial Bank on August 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/19/2021

IPO

$99M

Public

3

Date

8/19/2021

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

3

Baosteel Group Acquisitions

1 Acquisition

Baosteel Group acquired 1 company. Their latest acquisition was Baomarc on April 24, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/24/2017

Private Equity

$99M

$10M

Corporate Majority

2

Date

4/24/2017

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

$10M

Note

Corporate Majority

Sources

2

Baosteel Group Partners & Customers

10 Partners and customers

Baosteel Group has 10 strategic partners and customers. Baosteel Group recently partnered with Fortescue on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/11/2020

Partner

Australia

Fortescue Metals Group Ltd. Fortescue signs 12 Memoranda of Understanding at the China International Import Expo

Through this multifaceted approach , Fortescue Metals Group has forged strong partnerships with customers and businesses in China that have significantly contributed to China 's remarkable urbanisation and development and our Company 's contribution to the economic prosperity of Australia and Western Australia .

1

5/13/2020

Vendor

United Kingdom

Rio Tinto, Baosteel carry out Rmb deal on Contour as new banks join network

Supply chain data firm Chinsay , which became an order partner for Contour last month , provided the corporate workflow and data for the process .

1

8/9/2019

Vendor

Russian Federation

Mechel : Signs Long-Term Contract with China's Baosteel Resources

Shanghai , China - August 09 , 2019 - Mechel , one of the leading Russian mining and metals companies , reports signing a major contract for coking coal supplies with Baosteel Resources which is part of China Baowu Steel , China 's largest steelmaking group .

2

4/12/2017

Vendor

Russian Federation

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10

6/24/2016

Partner

Germany

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10

Date

9/11/2020

5/13/2020

8/9/2019

4/12/2017

6/24/2016

Type

Partner

Vendor

Vendor

Vendor

Partner

Business Partner

Country

Australia

United Kingdom

Russian Federation

Russian Federation

Germany

News Snippet

Fortescue Metals Group Ltd. Fortescue signs 12 Memoranda of Understanding at the China International Import Expo

Through this multifaceted approach , Fortescue Metals Group has forged strong partnerships with customers and businesses in China that have significantly contributed to China 's remarkable urbanisation and development and our Company 's contribution to the economic prosperity of Australia and Western Australia .

Rio Tinto, Baosteel carry out Rmb deal on Contour as new banks join network

Supply chain data firm Chinsay , which became an order partner for Contour last month , provided the corporate workflow and data for the process .

Mechel : Signs Long-Term Contract with China's Baosteel Resources

Shanghai , China - August 09 , 2019 - Mechel , one of the leading Russian mining and metals companies , reports signing a major contract for coking coal supplies with Baosteel Resources which is part of China Baowu Steel , China 's largest steelmaking group .

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Sources

1

1

2

10

10

Baosteel Group Team

1 Team Member

Baosteel Group has 1 team member, including former Chief Financial Officer, Yuanmei Ma.

Name

Work History

Title

Status

Yuanmei Ma

Chief Financial Officer

Former

Name

Yuanmei Ma

Work History

Title

Chief Financial Officer

Status

Former

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