Shougang Group Co., Ltd. , formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing , its Shijingshan district operations were moved out of the city prior to it hosting the 2008 Summer Olympics due to concerns over pollution.
13-564: Its subsidiary and listed company, Beijing Shougang Co., Ltd. ( SZSE : 000959 ), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of China Hong Kong , Shougang Concord International ( SEHK : 697 ), Shougang Concord Century ( SEHK : 103 ), and Shougang Concord Grand ( SEHK : 730 ). The word "Shougang" ( Chinese : 首钢 )
26-490: Is an abbreviation of its Chinese name ( Chinese : 首 都 钢 铁公司 ; pinyin : Shǒu dū gāng tiě gōngsī ; lit. 'Capital Steel and Iron Corporation'), meaning "Capital Steel". Some publications also use Capital Iron and Steel Corporation as the translation of the name. The predecessor of Shougang, Shijingshan Steel Plant , was founded in 1919 in Shijingshan District , with accelerated growth since
39-546: Is currently served by 4 metro lines of the Beijing Subway system: In 2017, the regional GDP of the district was 53.54 billion yuan, with GDP per capita at 87.5 thousand yuan. The district is the location of hosting the 2008 Summer Olympics BMX and track-cycling events at the location of the Laoshan Velodrome , as well as hosting the 2022 Winter Olympics Big Air snowboarding and freestyle skiing events at
52-544: The Shenzhen Stock Exchange . Beijing Shougang was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index ) but not in SZSE Component Index , making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization. The company operated Shougang Group's first steel plant in Shijingshan District . The plant closed in 2009. On 23 April 2015 Beijing Shougang Limited acquired 51% stake of "Jingtang United Iron and Steel" from
65-421: The founding of People's Republic of China in 1949. It was renamed Shougang in 1967. Shougang focuses its business mainly on steel industry, the corporation also runs on mining, machinery and equipment development, electronics, building, real estate, and related services, in addition, they also developed business with overseas companies in order to form Shougang as a leading multi-diverse corporation. The steel mill
78-412: The northeast and east, Fengtai to the south, and Mentougou to the west. The district consists of 9 subdistricts of Beijing's city proper. Although the hills around Yunju Temple may also be called Shijingshan , they have Chinese characters different from those of the district and hence are unrelated to Shijingshan District . It is 86 square kilometres (33 sq mi) in area, making it one of
91-519: The pacific coast of Southern Perú and is known as Shougang Hierro Perú. It operates the Marcona Mine in the Marcona District , an open-pit iron mine acquired in 1992. There have been continuing labor troubles. Beijing Shougang Co., Ltd. Beijing Shougang Co., Ltd. is a listed Chinese steel manufacturer. It also a subsidiary of Shougang Group . The shares of Beijing Shougang float in
104-462: The parent company mostly in cash. Shougang Group retained 49% stake directly. As of 31 December 2016 Shijingshan District Shijingshan District ( Chinese : 石景山区 ; pinyin : Shíjǐngshān Qū ) is an urban district of the city of Beijing . It lies to the west of the urban core of Beijing, and is part of the Western Hills area, bordering the districts of Haidian to
117-614: The parent company, a steel plant in Caofeidian District , Tangshan , Hebei Province, for 9.718 billion RMB cash, plus the 100% stake of a division in Guizhou Province. ( Chinese : 贵州首钢产业投资有限公司 ) Shougang Jingtang United Iron & Steel Co., Ltd. ( Chinese : 首钢京唐钢铁联合有限责任公司 ) was a joint venture between Shougang Group (51%) and Tangsteel Group (49%). The steel plant was built on modern technology as well as acquiring equipment from overseas, such as from Siemens . It
130-447: The smaller districts in the greater urban part of Beijing (the immense Mentougou District to the west of it dwarfs Shijingshan District), and is home to 489,439 inhabitants (2000 Census). Its postal code is 100043. There are 9 subdistricts in the district: The western stretch of the 5th Ring Road lies in this area. The Beijing subway serves this area. China National Highway 109 runs through Shijingshan. Shijingshan District
143-582: The venues of 2022 Winter Olympics , was built inside the former factory in 2019. The venue has become a simple of China's urban renewal. Railway station Xinshougang (Shougang Park) opened on December 31, 2021. Shougang Park also serves as one of the two venues of the China International Fair for Trade in Services , the annual trade fair in Beijing every September. The company has current operations in
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#1733129216744156-407: Was mentioned in the 11th Five-year plan . In 2010 Tangsteel Group sold the minority interests to Shougang Group. After a net loss of 3.65 billion RMB and 1.76 billion RMB in 2012 and 2013 respectively, the company made a net profit of 124 million RMB in 2014. In 2015 51% stake of the steel plant was injected to Shougang Group's listed subsidiary Beijing Shougang Co., Ltd., which the subsidiary paid
169-478: Was one of the largest sources of pollution in Beijing, and discussions to relocate it began in 2004 and continued off and on thereafter. The mill was relocated to Caofeidian District in Tangshan over the period 2005 to 2010, with the old site in Beijing being turned into Shougang Park . The park was planned by Arup Group , and uses sustainable construction and sponge city design concepts. Big Air Shougang , one of
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