Jinan iron and steel company ltd. was found in December 2000. It is a oversize steel complex organized by Jinan Iron and Steel Group General Corporation as main organizer, Combined with Laiwu Iron and Steel Group Limited Company, Shandong Gold Group Limited Company, Shandong Jinling Iron Ore and Shandong Fireproof Raw Material Company as joint sponsorships. Jun. 14, 2004 this company issued 220 million "A" shares and dealt at shanghai stock exchange at 29 Jun. Its stock deals code as 600022. The Company's shareholding equity is 940 million stocks. At the end of 2004, its total assets is up to 10.504 billion Yuan. Net assets 3.44 billion yuan，With 11926 employees. Among these masters or doctors are 54 persons. 0.45 ％ of the total employee, with university educational qualifications 831 persons. 6.97 ％ of the total employees. 5822 persons with Junior college or technical secondary school educational qualifications, 48.82 ％ of the total employee, 5219 persons with other educational qualifications such as Senior high school or technical school. 43.76 ％ of the total employee .
The address of the company is: 21 gongyebeilu road, Jinan. Scope of business is Iron and steel smeltering and processing，Producing and sale Steel products and grain slag. Dangerous chemicals Sale ( prohibit storage ) within Permit range, gas supply and imports and exports business.
Company has a whole technique system from raw material, sintering, pellet, Ironmaking, steelmaking to steel rolling. With a market oriented independent system from produce to sell. It mainly produces and sells iron and steel series products Prime product include carbon structure hot rolled plate, Grade A and B hull plate, High strength 09 MnNb anti sea water corrosion hull plate, AH 32 and AH 36 High strength hull plate, 09 CuPTiRE resistance to elements steel plate, High quality carbon hot rolled plate for Automobile production, Hot rolled steel for frame, Boiler plate, Pressure vessel Board, Diamond plate, Hot rolling reinforced steel bar for concrete, Round steel etc.
In 2004, this company produced 3.99 million tons pig iron, 4.9 million tons steel, 3.83 million tons steel products, Increased 33.8 %, 46.45%, 33 % than the previous year. Company is the maximal medium plate production base inland. It can produce overall weight 10% Medium plate of nationwide. It is at the first rank for Output , market share , export volume . Its cost of median plate is the undermost with the samelike companies. Its main business income All year around is 19146.889 million Yuan. With Main operational cost 18649.7546 million Yuan, Profit 1379.6431 million Yuan. Retained profits 803.7829 million yuan, Profit and retained profits are increased 838.7475 million yuan and 596.9346 Yuan, increased 64.49 % and 34.65 % than the previous year. At he end of 2004, the total assets was 10.504 billin yuan. Total indebtedness was 7.005 billion yuan, Stockholders' equity was 3.441 billion yuan. Increased 3.516 billion yuan, 1.825 billion yuan and 1.649 billion yuan more than last year and the Amplitude is 50.32 % , 35.23 % and 92.02 % more than last year. Earnings per share is as 0.86 yuan, Net assets earning rate is as 23.36.
The Company is doing its technological transformation without Intermission. For the moment it has completed the most advanced large pelletizing furnace inland, With whole metallurgy original technologies and international first rate 1750 m3 blast furnace and 120 t BOF. Inland original creation, topping technology slab hot deliver straight rolling technology and heat accumulating type walking beam heater. Inland maxima draught pressure , upmost precision heavy and medium plate mill. Formed a Inland first rate and advanced production line as 1750 m3 blast furnace - -120 Ton convertor - heavy and medium plate mill. Superior Equipment guarantees product quality, Promoted product grade. Stayed dominance for market competition.