Xinyu Iron and Steel Group Co., LTD

Xinyu Iron and Steel Group Co., LTD. (referred to as "Xinyu Iron and Steel Group") is a large state-owned integrated steel enterprise with an annual production capacity of over 10 million tons, integrating ore mining and selection, steel smelting, steel rolling and extended processing. It is also a key industrial enterprise in Jiangxi Province. It has 1 listed company under its jurisdiction and 70 directly affiliated and majority-participated enterprises. In 2024, it produced 9.75 million tons of steel and achieved operating income of 41 billion yuan. Its economic benefits ranked among the top in the industry. It ranked 346th in the 2024 ranking of China's top 500 enterprises and 179th among China's top 500 manufacturing enterprises. On November 9, 2022, the State-owned Assets Supervision and Administration Commission of the State Council approved the joint reorganization of the company and Baowu. On December 23rd, the shareholders' industrial and commercial change registration was completed. Baowu officially became the controlling shareholder of the company, and Xinsteel officially became a first-level subsidiary of Baowu.