Introduction to Fujian Sangang (Group) Co., Ltd.

Fujian Sangang (Group) Co., Ltd. (hereinafter referred to as Sangang Group), formerly known as Fujian Sanming Iron and Steel Works, was established in 1958.In March 2000, Fujian Provincial People's Government approved the establishment of Fujian Sangang Group Corporation.Fujian Sangang (Group) Co., Ltd.The controlling shareholder is Fujian Metallurgical (Holdings) Co., Ltd., which accounts for 94.4906% of the total share capital of Sangang Group.At present, Sangang Group has formed a large-scale enterprise group with an annual output of 12 million tons of steel products, with the iron and steel industry as the main body, and the diversified industries are cross-industry, cross-regional, and cross-ownership.It owns Sanming headquarters, Quanzhou Minguang, Luoyuan Minguang and Zhangzhou four steel production bases in Minguang.As of December 2019, Sangang has 15,900 employees, total assets of 43.609 billion yuan, 16 wholly-owned and holding subsidiaries (of which Fujian Sangang Minguang Co., Ltd. is a listed company), and 2 compact enterprises.

Since 1988, Sansteel Group has entered the Top 500 Chinese Enterprises for many consecutive years, ranking 311th in the 'Top 500 Chinese Enterprises 2019', and 142nd in the 'Top 500 Chinese Manufacturing Enterprises 2019'.Sansteel Group has successively won the National Labor Award issued on May 1, the National Civilized Unit, the National Advanced Grassroots Party Organization, the National Labor Model Harmonious Enterprise, the National Quality Management Advanced Enterprise, the first batch of national intellectual property advantage enterprises and China Railway Group Iron and Steel Industry Advanced technology work unit, advanced group of national iron and steel industry, the first 'Fujian Provincial Government Quality Award', advanced unit of enterprise (institution) information application in Fujian Province, demonstration unit of corporate culture construction in Fujian Province, customer satisfaction enterprise in Fujian Province, enterprise in Fujian Province Excellent credit enterprise (AAA level) and other honorary titles.

In recent years, Sansteel Group has deeply implemented the national supply-side structural reform, adhered to innovation-driven, strengthened structural adjustment, and actively promoted the transformation of the company into a steel manufacturing service-oriented enterprise, striving to create the most competitive first-class enterprise in the entire industry.In 2019, Sansteel Group produced 12.404 million tons of steel, realized an operating income of 56.726 billion yuan, and a total profit and tax of 7.05 billion yuan.The main technical and economic indicators maintain the advanced level of similar enterprises.