Fact Book 2011

注：本实录中使用的汇率为美元/人民币＝1:6.6227

免责声明：

宝山钢铁股份有限公司对本资料所涉信息均有所保

留，其中所含内容仅供参考，并应以宝山钢铁股份有

限公司正式披露的文件为准。任何人基于对本资料

中包含的信息而采取行动所遭受的任何损失，公司

不承担任何责任。

Note: The exchange rate applied in the Fact Book is RMB6.6227 to 1 US dollar

Disclaimer: The information contained in the Fact Book is meant for informational purposes only, with the understanding that Baoshan Iron & Steel Co., Ltd. makes no warranties, either expressed or implied, concerning the completeness of the information. For full information, please refer to Baosteel’s formal disclosures. The Company shall have no liability to the readers of the Fact Book for any loss or damage incurred by using or relying on the information provided herein.

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一、概 览 2

二、组织机构图 4

三、财务数据 5

四、中长期经营规划 8

五、运营改善 10

六、生　产 13

七、销　售 19

八、原材料采购 22

九、固定资产投资 23

十、研究开发 24

十一、人力资源 26

十二、环境经营 27

十三、股东持股情况 30

十四、分　红 31

十五、公司简史 32

十六、企业文化 33

十七、企业公民 34

十八、董事、监事及高级管理人员 37

十九、子公司 38

二十、全球化营销网络 40

附录：中国经济指标 42

投资者关系信息 45

目　录Contents

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ENGLISH PAGE47-92

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一、概　览

单　位 2007 2008 2009 2010

生　产

粗　钢 千　吨 23,776 23,124 23,856 26,452

商品坯材 千　吨 23,008 23,578 22,865 25,929

销　售

商品坯材 [注1] 千　吨 22,600 22,813 22,429 23,356

员　工

人　数 人　数 40,059 43,789 42,318 42,308

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单　位 2007 2008 2009 20102010

(美元)

利润表

营业总收入 百万元人民币/美元 191,559 200,638 148,525 202,413 30,564

净利润 百万元人民币/美元 13,423 6,601 6,095 13,361 2,017

每股收益 人民币元/美元 0.73 0.37 0.33 0.74 0.11

资产负债表

总资产 百万元人民币/美元 188,336 200,021 201,143 216,065 32,625

总负债 百万元人民币/美元 93,735 102,183 99,923 104,723 15,813

所有者权益 百万元人民币/美元 94,601 97,838 101,219 111,342 16,812

股票信息 [注2]

股份数 百万股 17,512 17,512 17,512 17,512 17,512

股 本 百万元人民币/美元 17,512 17,512 17,512 17,512 2,644

股东户数 千 人 753 833 558 606 606

年末股价 人民币元/美元 17.44 4.64 9.66 6.39 0.96

注1： 根据合并口径的不同，商品坯材销量数据相应调整。

注2： 截至2010年7月2日收市，“宝钢CWB1”认股权证的行权期结束。共计113,785 份“宝钢CWB1”

认股权证行权，增加本公司股份48,088股。

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二、组织机构图

办公室 投资管理部

股东大会

监事会

副总经理

董事会秘书室

董事会

战略及风险管理委员会审计委员会

薪酬与考核委员会

总经理

制造管理部

检化验中心

战略管理部 工程技术部 设备部

不锈钢事业部

人力资源部 工程管理部 能源环保部

特钢事业部

运营改善部 工程设备部 运输部

钢管条钢事业部

企业文化部 资材备件采购部 炼铁厂

财务部 原料采购中心 炼钢厂

梅山钢铁股份有限公司

财务服务中心 营销管理部 热轧厂

宝钢股份黄石涂镀板有限公司

法律事务部 薄板销售部 厚板厂

宝钢国际经济贸易有限公司

审计部 汽车板销售部 硅钢部

海外子公司

监察部 产品发展部 冷轧厂

其他子公司

科技发展部 厚板品种管理部 冷轧薄板厂

安全保卫部 研究院（技术中心） 电厂

宝山钢铁股份有限公司组织机构图

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营业总收入

2007 20102008 2009

净利润

营业总收入及净利润 (百万元人民币)

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三、财务数据［注］

利润表

2007 2008 2009 20102010

(美元)

营业总收入 191,559 200,638 148,525 202,413 30,564

营业总成本 173,608 193,014 142,118 186,586 28,174

其中：营业税金及附加 1,252 1,219 570 525 79

销售费用 2,018 1,852 1,459 1,785 269

管理费用 5,220 5,676 4,592 5,304 801

财务费用 955 2,095 1,676 807 122

资产减值损失 810 5,893 -635 188 28

投资收益等 1,526 677 953 827 125

营业利润 19,478 8,304 7,254 16,666 2,516

营业外收支 -170 -150 41 410 62

利润总额 19,308 8,154 7,295 17,076 2,578

所得税 5,885 1,553 1,199 3,715 561

净利润 13,423 6,601 6,095 13,361 2,017

归属上市公司股东的净利润 12,718 6,459 5,816 12,889 1,946

单位：百万元人民币/美元

注： 由于公司自2007年1月1日起执行新《企业会计准则》，公司按规定对财务数据进行了追溯调整。

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总资产 (百万元人民币)所有者权益 (百万元人民币)

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资产负债表

2007 2008 2009 20102010

(美元)

流动资产 76,624 58,759 52,666 68,864 10,398

固定资产 81,552 109,187 115,466 117,737 17,778

总资产 188,336 200,021 201,143 216,065 32,625

流动负债 75,885 72,042 70,722 73,176 11,049

非流动负债 17,850 30,141 29,202 31,547 4,763

总负债 93,735 102,183 99,923 104,723 15,813

股 本 17,512 17,512 17,512 17,512 2,644

资本公积 33,646 36,807 37,314 37,566 5,672

盈余公积 15,797 16,812 17,828 20,124 3,039

未分配利润 21,621 20,935 22,584 29,674 4,481

所有者权益 94,601 97,838 101,219 111,342 16,812

归属上市公司股东的所有者权益 88,504 91,957 95,137 104,746 15,816

总资产 (百万元人民币)所有者权益 (百万元人民币)

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2010200920082007

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2010200920082007

单位：百万元人民币/美元

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1财务指标表

　 2007 2008 2009 2010

增 长(%)

营业总收入 18.01 4.74 -25.97 36.28

归属上市公司股东的净利润 -2.75 -49.21 -9.95 121.61

盈利能力(%)

总资产报酬率 12.00 5.73 4.53 8.74

净资产收益率（加权） 15.22 7.02 6.27 12.95

营业利润率 10.17 4.14 4.88 8.23

利润率 17.70 13.17 14.97 15.78

稳定性

权益/总资产(%) 46.99 48.91 50.32 51.53

流动资产/流动负债(%) 100.97 81.56 74.47 94.11

负债/净资产 1.06 1.04 0.99 0.94

EBITDA/净利息支出 18.86 8.59 13.64 20.65

周转能力

营业总收入/总资产 1.02 1.00 0.74 0.94

营业总收入/权益 2.02 2.05 1.47 1.82

营业总收入/固定资产 2.35 1.84 1.29 1.72

营业总收入/存货 4.90 5.63 5.04 5.32

营业总收入/应收帐款 30.35 38.08 26.68 30.08

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四、中长期经营规划

经营环境

宏观经济与政策 2011年，世界经济将继续保持低位增长态势，发达经济体仍未走出危机阴影，新兴经济体经济增速将趋缓。

2011年是我国“十二五”规划的开局年，我国政府将进一步提高宏观调控水平，加快经济结构调整，大力发展新兴产业，保持国内经济的稳定增长。面对国内外复杂的宏观经济形势，我国政府继续实施积极的财政政策，发挥财政政策在保增长、调结构、促和谐等方面作用的同时，推行稳健的货币政策，保持国内经济的平稳发展。

在《钢铁产业发展政策》和《钢铁产业调整和振兴规划》的指引下，我国钢铁工业结构调整力度将继续加大，其积极成效将会得到进一步体现。

国内钢铁行业 从发展态势看，我国钢铁工业正处于以结构调整为主线，努力实现由钢铁大国向钢铁强国转变的发展阶段。

从运行态势看，我国钢铁工业存在着阶段性产能过剩、供需失衡和同质化竞争加剧、资源环境紧张等发展中的不平衡和困难，国家将进一步加大推进钢铁企业兼并重组的力度，优化结构，提高行业集中度，倡导环境经营，加强节能减排，实现钢铁工业可持续发展。

世界钢铁行业 2011年，世界钢铁工业将保持缓慢的增长态势；全球市场的需求增速会有所下降，世界钢铁需求将继续转向亚洲和新兴国家。

公司愿景

核心价值观 诚信、合作、创新，追求企业价值最大化，实现股东、用户、供应商、员工与社会等相关利益主体的和谐发展。

使 命 成为全球一流的钢铁制造商，致力于向社会提供超值的产品和服务。

战略目标 成为全球最具竞争力的钢铁企业。

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1中长期战略

1. 实施技术领先的精品发展战略，重点发展汽车板、电工钢、不锈钢、高等级合金钢等战略产品群，优化和完善碳钢、不锈钢、特钢三大精品系列

2. 以高效运用低成本制造工艺和原料使用技术为重点，积极发展世界一流的低成本制造

3. 全面建设供应链一体化的运营体系

4. 完善以客户为中心的运营管控机制建设

5. 建设高效绿色的产品制造体系，大力提升制造能力

6. 成为集团钢铁主业核心和国内钢铁精品制造基地

1. 稳健经营、稳步发展，走品种质量、技术和服务领先的差异化道路

2. 聚焦和提升核心竞争力，实施以产品开发、产品服务、 产品组合为特征的差异化竞争战略

3. 强化自主集成为主的技术创新

4. 加强成本改善，不断提升成本竞争力

5. 坚持环境经营，加强节能减排，完善循环经济建设

6. 完善全面风险管理体系建设

精品+核心竞争力

风险控制

成为全球最具竞争力的钢铁企业

卓越运营 差异化竞争

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1 推进组织管理优化，提高管理运作效率

为发挥公司直属厂部管理、技术优势，带动罗泾厂区快速进步，同时减少管理层次，

精简机构设置，加快对市场响应速度，以“全面融合、全面覆盖”为原则，撤消中厚板分

公司，推进各项业务的整合和优化，实施总部与中厚板分公司的管理整合，对同类部门进

行合并。整合过程罗泾区域业务平稳有序，员工队伍稳定，各项生产技术经济指标逐步改

善。

绩效评价聚焦核心指标，推动经营绩效持续提升

组织绩效评价遵循“精简、聚焦”原则,重点关注利润总额、目标成本等13项关键绩效

指标。在实施对KPI按季度分析、评价和激励的基础上，围绕产品经营、成本改善、管理变

革和体系能力提升三条主线明确了21项重点工作项目，实施项目化推进，促进了公司相关领

域绩效的不断改善。为确保股份法人完成100万吨标煤的“十一五”节能责任目标，公司实

施节能工作专项推进，将公司节能目标分解、落实到具体单元，辅以动态跟踪、分析、评价

措施，提前完成“十一五”节能目标。

信息化建设

围绕“建立以客户为中心的企业机制”主线和“数字化宝钢”的要求，聚焦产销核心流

程，以“响应市场变化，支撑管理变革，提升制造能力，助推知识管理，促进环境经营，完

善数据仓库”为指导，深化大客户通道乃至EDI应用，实现宝钢在线门户改版，推广电子单

据应用；支撑原中厚板分公司整合，配套完成了相关系统适应性改造；配合工程项目，推进

硅钢L3及罗泾二步管理信息系统建设；构筑技术共享平台，升级档案信息资源管理系统；

促进固废资源化，完善环境自动监测、监视及管理系统；完善产品盈利能力、采购、营销价

值、成本、能源分析及决策支持手段，实现直属厂部数据仓库技术升级。

五、运营改善

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1风险管理与控制

按照“融入业务，进入流程，发挥作用”的原则，确定原燃料价格波动风险等14个公司

重点风险项目年度实施方案，由项目团队专项研讨风险预警指标及防范策略，风险得到有

效控制。“镍价波动风险项目”每月研判不锈钢产品市场及镍原料市场走势，原燃料价格波

动风险项目为原料采购预案的制订提供支撑。公司对营运资金风险和镍价波动风险等项

目，从风险剖析、体系设计、指标拟定和应对方案4个方面开展管理评价，制定措施持续改

进。7月起，公司正式发布《股份公司季度风险监控报告》。

标准体系认证情况

根据公司变革、管理整合后各项业务运行的基本原则和总体要求，宝钢股份第一版

《综合管理手册》正式发布。《综合管理手册》明确了公司以及各职能部门对公司不同地

区、不同行业、不同业务单元的管理原则、管理分工以及管理总要求。公司按照GB/T 23331-

2009《能源管理体系要求》和《钢铁行业能源管理体系认证实施规则》，将能源管理体系内

容纳入总部运营管理手册，各单位按照能源管理体系推进要求逐项组织实施,2010年12月通

过能源管理体系审核。

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产品认证情况

宝钢股份坚持开展第三方产品认证，采用国际先进的技术规范或者产品标准评定产品

质量，产品质量保持与国际先进水平同步。目前，宝钢股份生产的钢管、船板、核电等产品

均取得相应的产品认证，主要有国家特种设备制造许可、欧盟CE（CPD、PED）认证、日本JIS

标志认证、美国石油协会API会标认证、中国船级社等9家船级社认证等。

管线管API SPEC 5L、油套管API SPEC 5CT、钻杆API SPEC 5DP、海洋结构用厚钢板API

SPEC 2H/2W/2Y等通过了API会标使用许可认证。

锅炉管及结构管通过了PED、AD2000-WO/TRD100、 -mark认证。结构用钢板，压力容

器用钢板（含不锈钢）分别通过CPD，PED、AD2000-WO/TRD100、 -mark认证。不锈钢棒材

及锻件通过了PED、AD2000-W0/TRD100认证。

热连轧和厚板产品，如一般结构用JISG3101、建筑结构用JISG3136、焊接结构用

JISG3106，以及冷连轧碳素钢板JISG3141通过JIS标志认证。

系泊链钢棒通过了ABS、DNV等船级社认证，不锈钢锻材、结构钢棒通过了GL船级社

认证。船用钢管通过了ABS、CCS等8家船级社认证。热连轧船板通过了ABS、CCS等7家船

级社的认证，厚板船板通过了ABS、CCS等9家船级社的认证，船用压力容器钢板通过了

LR、DNV船级社认证，船用压力容器用高强度钢板通过了CCS船级社认证。另外，还通过了

ABS、LR、CCS等7家船级社的质量保证QA认证。

无缝钢管，直缝高频电阻焊钢管，直缝埋弧焊钢管，防腐蚀压力管道用管，各类管坯，

锅炉及压力容器用钢板，低温压力容器用钢板，压力容器用调质高强度钢板，焊接气瓶用

钢板及钢带，压力管道制管专用钢板，热轧不锈钢板及钢带等获国家特种设备制造许可

证。高强度调质钢板B610E、B610E-TMCP、B610CF、汽包用钢板13MnNiMoR、低温压力容器钢

板9Ni、奥氏体耐热钢无缝钢管(07Cr25Ni21NbN)等通过了锅炉压力容器标准化技术委员会

的技术评审。境内制造境外牌号的锅炉压力容器用钢板（含不锈钢）通过了全国锅炉压力

容器标准化技术委员会的技术评审。

核1、2、3级不锈钢管获得国家民用核安全设备制造许可证。轴承钢、钛及钛合金加工

产品获得全国工业产品生产许可证。化工产品酚、芳香烃、蒽醌、液体无水氨等获得全国工

业产品生产许可证。

13

FAC

T BO

OK

201

1

废钢

高炉

鱼雷铁水罐车

电炉

连铸

连铸

连铸板坯

模铸

连铸方坯

连铸圆坯

模铸坯

外运

圆坯

无缝钢管轧机

无缝钢管

线材

方坯

高速线材轧机转炉

铁矿石

烧结机组

初轧轧机 20

50M

M热连轧机

2030

MM冷连轧机

热镀锌产品

电镀锌产品

冷轧产品

电镀锡／电镀铬产品

彩涂产品

电工钢产品

1550

MM冷连轧机

1420

MM冷连轧机

1220

MM冷连轧机

1730

MM冷连轧机

1800

MM冷连轧机

1580

MM热连轧机

1880

MM热连轧机

厚板轧机

热处理

厚板

UO

E机组

UO

E钢管

初轧方坯

热轧产品

HFW机组

HFW钢管

初轧圆坯

初轧板坯

宝日汽车板

煤焦炉

六、生　产工艺流程

碳钢工艺流程图

14

FAC

T BO

OK

201

1

炼铁原辅燃料

1#烧结机

2#烧结机

3#烧结机

1#高炉

1#套筒窑

2#高炉

2#套筒窑

鱼雷罐车

扒渣

倒罐站

铸铁

不锈钢废钢

碳钢废钢

1#碳钢转炉

2#碳钢转炉

1#脱磷

脱硫

2#脱磷

1＃电炉

1＃LF精炼

LATS精炼

RH精炼

2＃电炉

2＃LF精炼

1＃AOD

2＃AOD

VOD、LTS

精炼

1#连铸

1#加热炉

2#连铸

3#连铸

4#连铸

板坯库

3#加热炉

粗轧

热卷箱

飞剪

精轧

层流冷却

卷取机

热轧成品

碳钢卷

碳钢连续酸洗机组

五机架冷连轧机组

不锈钢二十辊轧机

铁素体不锈钢

铁素体不锈钢

不锈钢热带退火酸洗机组

不锈钢卷

全氢罩式炉

（铁素体不锈钢）

热轧卷

不锈钢冷带退火酸洗机组

冷连轧不锈钢产品

传统单机架多辊冷轧不锈钢产品

不锈钢热带退火酸洗卷

碳钢热镀锌机组

碳钢热镀锌产品

碳钢连退机组

碳钢连退普冷产品

2#加热炉

不锈钢工艺流程图

15

FAC

T BO

OK

201

1

光亮退火

冷轧冷拉

剥皮

穿孔

银亮材

≤22m

m

棒材

ø18-

200m

m

棒材

ø80-

1200

mm

扁钢

100-

200(

T)

x200

-100

0(W

)

模块

200-

400(

T)

x200

-800

(W)x

L

饼环

≤ø15

00m

m

热轧卷

退火酸洗

退火酸洗

酸洗

退火酸洗

张力矫平

张力矫平

切割

中板

薄板

冷轧卷

二十辊冷轧机

炉卷轧机

棒材

研磨

热轧盘卷

ø18-

40m

m盘卷

线材

精整

酸洗

退火

VD

VO

D

VD

VD V

D L

F

小方坯CC

小方坯CC

100t

DC

LF

AO

D

LF

LF

LF

模铸

模铸

电子束炉

等离子炉

真空自耗

真空感应

电极制备

电渣

板坯CC

50t

EAF

40t

EAF

60t

EBT

40t

EBT

热连轧

初轧

粗轧机

锻造

热处理

无损探伤

无损探伤

大型锻材

热处理

矫平

钢管

AO

D

NDT

NDT

无损探伤

NDT

特殊钢工艺流程图

16

FAC

T BO

OK

201

1

主要生产设备

主要生产设备 数 量 型 号投产年份（大修年份）

生产能力（设计能力）

股份总部

1#高炉 1 4063m3 1985(1997) 325万吨/年

2#高炉 1 4706m3 1991(2006) 377万吨/年

3#高炉 1 4350m3 1994 350万吨/年

4#高炉 1 4747m3 2005 350万吨/年

1#COREX炉 1 C-3000 2007 150万吨/年

1#转炉300t 1 顶底复合吹型 1985(2007) 677.6万吨/年

2#转炉300t 1 顶底复合吹型 1985(2007)

3#转炉300t 1 顶底复合吹型 1986(2007)

250t转炉 2 顶底复合吹型 1998 288万吨/年

250t转炉 1 顶底复合吹型 2006

150t电炉 1 双炉体直流电弧炉 1996 100万吨/年

2050mm热轧带钢轧机 1 2050mm 1989 400万吨/年

1580mm热轧带钢轧机 1 1580mm 1996 279万吨/年

4200mm厚板轧机 4200mm 2008 160万吨/年

5000mm厚板轧机 1 5150mm 2005 180万吨/年

1880热连轧机 1 1880mm 2007 370万吨/年

2030mm冷轧带钢轧机 1 2030mm 1988 210万吨/年

1420mm冷轧带钢轧机 1 1420mm 1997 72.28万吨/年

1550mm冷轧带钢轧机 1 1550mm 2000(2007) 140万吨/年

1220mm冷轧带钢轧机 1 1220mm 1991(2007) 77万吨/年

1730mm冷轧带钢轧机 1 1730mm 2008 180万吨/年

高速线材轧机 1 5-25mm，120m/s 1999 40万吨/年

无缝钢管 1 21.3-177.8mm 1985 50万吨/年

中口径直缝焊管（ERW） 1 φ610 2005 30万吨/年

大口径直缝埋伏焊管机（UOE） 1 2007 50万吨/年

17

FAC

T BO

OK

201

1

主要生产设备 数 量 型 号投产年份（大修年份）

生产能力（设计能力）

不锈钢事业部

750高炉 1 750m3 1991(2001) 57.75万吨/年

2500高炉 1 2500m3 1999 175万吨/年

1#转炉（碳钢） 1 150吨顶部复吹转炉 2004 111.65万吨/年

2#转炉（碳钢） 1 150吨顶部复吹转炉 2004 111.65万吨/年

3#转炉（不锈钢） 1 120吨氩氧脱碳炉 2004 75万吨/年

4#转炉（不锈钢） 1 120吨氩氧脱碳炉 2004 75万吨/年

1#电炉 1 100吨三相交流电弧炉 2004 64.56万吨/年

2#电炉 1 100吨三相交流电弧炉 2005 66.4万吨/年

1780mm热带钢连轧机组 1 1780mm 2003 282.2万吨/年

五连轧轧机 1 五连轧冷轧轧机 2010 145万吨/年

二十辊轧机 1 不锈钢二十辊轧机 2009 13万吨/年

特殊钢事业部

炼钢生产线 2 60t/100t 2003(1997) 90万吨/年

棒线材生产线 1 φ5-φ50mm 2003 35万吨/年

棒材生产线 1 12~50mm 2005 45万吨/年

初轧生产线 1 800mm 1984 34万吨/年

梅钢股份

2＃高炉 1 1280M3 2004 108万吨/年

4＃高炉 1 3200M3 2009 246.4万吨/年

1＃转炉 1 150T 1999 150T/座

2＃转炉 1 150T 1999 150T/座

1422热连轧线 1 六机架1422热连轧线 1994 300万吨/年

1420冷轧 1 1420酸连轧机组 2009 80万吨/年

18

FAC

T BO

OK

201

1

15000

20000

25000

30000

产 量（千吨）

生 铁

2007 2008 20102009

粗 钢

商品坯材

产　量

2007 2008 2009 2010

生 铁 21,089 20,392 21,472 23,254

粗 钢 23,776 23,124 23,856 26,452

商品坯材

碳 钢 21,068 21,816 20,864 23,616

热 轧 8,460 8,240 5,8276,666

酸洗卷 739 768 719

厚 板 1,420 1,859 2,292 2,220

普冷板 3,832 3,692 4,073 4,912

热镀锌 1,328 1,404 1,793 2,574

电镀锌 470 524 612 757

彩涂板 608 606 571 609

镀锡板 576 655 554 900

镀 铬 10 70 111 168

电工钢 907 987 1,165 1,289

钢 管 1,389 1,445 1,679 1,717

钢 坯 634 577 481 777

高 线 585 525 471 602

螺纹钢 112 466 517 425

不锈钢 1,018 948 1,258 1,341

热 轧 553 489 648 589

冷 轧 449 437 602 750

特殊钢 922 815 743 970

商品坯材合计 23,008 23,578 22,865 25,927

注：表中热轧包括酸洗卷，下同。

单位：千吨

19

FAC

T BO

OK

201

1

七、销　售

销 量

2007 2008 2009 2010

碳 钢 20,935 21,333 20,658 23,356

热 轧 9,170 8,697 6,453 6,691

宽厚板 1,444 1,710 2,280 2,191

冷 轧 7,704 7,884 8,839 10,982

钢 管 1,417 1,470 1,660 1,676

钢 坯 612 592 466 795

线 材 588 532 461 601

螺纹材 0 448 499 420

不锈钢 1,011 965 1,262 1,343

热 轧 559 488 639 609

冷 轧 436 454 613 732

特殊钢 934 824 762 989

合 计 22,880 23,122 22,682 25,688

注：1. 统计口径为仅含钢铁单元的口径，不包含贸易单元。

2. 表中2007、2008、2009、2010年销量，分别包含宝日汽车板销售的冷轧产品181万吨、174.5万

吨、169万吨和182.3万吨，不包括销售给宝日汽车板的热轧产品153万吨、143.5万吨、143.7万吨和

139.6万吨。

2010年钢铁产品销售量

热 轧 26.1%

冷 轧 42.8%

钢 管 6.5%钢 坯 3.1%

螺纹材 2.3%

宽厚板 8.5%

线 材 1.6%

不锈钢 5.2%

特殊钢 3.9%

单位：千吨

20

FAC

T BO

OK

201

1 主要产品市场份额

2007 2008 2009 2010

冷轧汽车板 50% 50% 50% 51%

家电用板 37% 37% 37% 31%

管线钢 35% 31% 33% 30%

无取向电工钢 17% 18% 22% 21%

合金高压锅炉管 23% 22% 21% 22%

不锈钢工业板 27% 18% 12% 10%

分地区

2007 2008 2009 2010

境 内 18,958 20,248 20,955 23,354

境 外 3,642 2,565 1,727 2,334

东亚地区 1,566 1,160 815 1130

东南亚地区 692 541 363 448

美洲地区 546 410 216 313

欧非地区 801 454 333 443

合 计 22,600 22,813 22,682 25,688

单位：千吨

2010年钢铁产品境外销售地区分布

东南亚地区 19.2%

美洲地区 13.4%

欧非地区 19.0%

东亚地区 48.4%

21

FAC

T BO

OK

201

1

热轧及厚板 冷轧

境外

境内

钢管

不锈钢 特殊钢

钢坯 高线

2,334

23,354

3.4%4.3%

5.1% 3.9%

34.6%

42.8%

5.9%

0.7%6.9%

3.0%

34.0%

42.6%

0.1%

12.7%

境内分产品

2007 2008 2009 2010

碳 钢 17,209 18,625 19,039 21,254

热轧及厚板 10,029 10,623 7,988 8,089

冷 轧 4,988 5,299 8,147 9,987

钢 管 1,127 1,185 1,494 1,381

钢 坯 595 581 457 792

高 线 470 937 953 1,005

不锈钢 926 902 1,177 1,182

特殊钢 824 721 739 918

合 计 18,959 20,248 20,955 23,354

境外分产品

2007 2008 2009 2010

碳 钢 3,446 2,398 1,619 2,102

热轧及厚板 2,115 1,219 745 793

冷 轧 906 840 692 995

钢 管 290 286 166 295

钢 坯 17 11 9 3

高 线 118 43 7 16

不锈钢 85 63 85 161

特殊钢 110 103 23 71

合 计 3,642 2,565 1,727 2,334

单位：千吨

单位：千吨

22

FAC

T BO

OK

201

1

八、原材料采购

单位：千吨

2007 2008 2009 2010

进口原材料

铁矿石 32,732 31,792 32,908 36,468

煤 炭 792 681 1,388 1,398

碳钢废钢(含生铁) - 53 491 225

不锈钢废钢 119 37 13 0

镍 21 6 30 13

国内采购原材料

铁矿石 345 235 0 0

煤 炭 16,303 16,493 16,470 17,463

碳钢废钢(含生铁) 3,582 2,670 2,211 3,775

不锈钢废钢 135 92 130 222

镍 30 28 26 39

石灰石 4,275 4,063 3,989 4,166

铁合金 366 375 409 457

23

FAC

T BO

OK

201

1

九、固定资产投资

单位：百万元人民币/美元

项目名称 2007 2008 2009 20102010

(美元)

宝钢股份 22,536 28,662 17,761 13,988 2,112

其中：碳钢 17,868 21,228 10,895 10,835 1,636

基本建设 15,332 16,361 7,906 7,827 1,182

技术改造 2,306 4,258 2,989 2,785 421

不锈钢 1,699 2,418 3,266 615 93

基本建设 1,311 1,719 3,083 449 68

技术改造 370 676 183 151 23

特殊钢 1,511 3,076 2,780 1,019 154

基本建设 1,250 2,915 2,720 903 136

技术改造 251 148 60 99 15

非钢产业 1,458 1,939 820 1,519 229

基本建设 1,213 1,468 562 1,331 201

技术改造 186 648 258 117 18

24

FAC

T BO

OK

201

1 R&D投入

单 位 2007 2008 2009 2010

R&D费用投入 百万元 2,008 2,312 2,593 4,198

R&D费用投入率 百分比 1.05 1.15 1.75 2.08

研发组织和研发人员

股份公司技术中心（含各分子公司技术中心）：1114人

其中：

研究人员：801人 技术人员：241人 管理人员：72人

2010年新增国内知识产权数量

发明专利授权 实用新型授权 软件著作权

208件 682件 47件

十、研究开发

25

FAC

T BO

OK

201

1科技成果

年 份 成果数 主要成果

2007 134

一种安全环保资源化的炼钢熔渣粒化新技术

热镀铝锌机组生产工艺新技术

宝钢二高炉长寿技术研究与实践

2008 166

钢铁企业副产煤气利用与减排综合技术

抗CO2、H

2S腐蚀用3Cr系列油套管研制

宽带钢冷连轧工艺及模型控制技术研究应用

2009 105

两片易拉罐用镀锡钢板的开发与应用

（冶金科学技术奖一等奖）无取向电工钢退火涂层机组工艺装备技术自主集成与创新

（冶金科学技术奖一等奖）宝钢质量一贯过程控制(BPC)技术研究与应用

（冶金科学技术奖一等奖）

2010 251

西气东输工程技术及应用

（国家科技进步一等奖）宝钢1880mm热轧关键工艺及模型技术自主开发与集成

（冶金科学技术奖一等奖）冷连轧机板形技术研究与开发

（冶金科学技术奖三等奖）高效无取向电工钢B50AR500和B50AR350的开发

（冶金科学技术奖三等奖）

26

FAC

T BO

OK

201

1 员　工

单 位 2007 2008 2009 2010

年末员工人数 人 40,059 43,789 42,318 42,308

支付给职工以及

为职工支付的现金百万元人民币 6,542 7,093 7,544 8,025

钢铁主业 人 33,450 36,693 36,119 35,973

生产人员 人 22,207 23,916 23,483 23,999

技术人员 人 8,066 9,303 9,286 8,748

管理人员 人 3,177 3,474 3,350 3,226

非钢主业 人 6,609 7,096 6,199 6,335

股份本部（不含子公司） 人 25,464 28,186 27,321 26,966

人均营业总收入 百万元人民币 4.9 4.8 3.5 4.8

人均钢产量［注］ 吨 723 659 655 734

注： 人均钢产量＝粗钢产量/〔（年初钢铁主业人数+年末钢铁主业人数）/2〕

十一、人力资源

27

FAC

T BO

OK

201

1

十二、环境经营

为不断适应国家能源管理政策和宝钢环境经营战略要求，提升企业能源管理体系运

行水平，2010年宝钢股份总部率先开展了能源管理体系认证试点工作，并顺利通过认证，成

为国内钢铁行业首批通过国家能源管理标准认证的企业。公司各钢铁生产单元继续全部通

过ISO14001环境管理体系审核。

2010年，公司继续全面推进环境经营各项工作。技术创新紧紧贯穿于环境经营的各大

环节，明确形成了技术创新支撑环境经营工作思路，积极建设产品与制造过程的全生命周

期评价数据平台以及评价方法体系；实现产品研发由传统设计向生态设计的转变；逐步实

现低能耗、低排放和低成本的绿色制造过程；打造绿色采购到绿色使用的钢铁产品产业价

值链；在环境专项技术上实现重大突破。

2010年，公司首次编写了《绿色采购指南》，正式阐明现阶段公司的绿色采购政策，明

确了基本要求。在资材备件绿色采购方面，制定了绿色采购行动方案，制定绿色采购标准

和采购目录，对重点行业供应商明确提出环境保护的要求。

在采购政策方面，增加对供应商的环保、社会责任等方面的要求。继续推进供应商实

施环境管理体系（ISO14001）认证，对于新供应商的引入，以供应商通过环境管理体系认证

作为优先条件。对耐材等高耗能行业供应商实施了环境绩效调查，关注供应商的环境保护

以及社会责任。对部分供应商实施了第二方现场审核，审核同时对供应商环境体系进行调

查，并向供应商明确提出环境保护以及社会责任要求。推进重点承运商实施ISM/NSM管理

体系认证，在对拥有船舶承运商的选择上，要求承运商通过ISM/NSM体系认证或者其船舶

必须由通过ISM/NSM体系认证的船舶管理公司管理。在远洋运输船舶的选择上，在综合考

虑物流成本的情况下，优先应用节能型新船，以减少船舶运输燃油消耗、降低对环境的污

染。

在绿色营销方面，针对当前及今后社会经济环境和环保发展趋势，公司积极行动，以环

境经营为核心，以用户需求为导向，确立了绿色产品技术营销的行动计划，即主动开展对环

保法律法规以及用户绿色采购基准的应对工作，建立环保评估工作流程，建立团队和评价

保障机制；把握和引导市场的绿色环保产品需求，做好产品策划；运用产品全生命周期评

价结果，开展绿色环保产品的推广工作，系列化地开展绿色环保产品全生命周期评价；系

统开展钢铁产品使用效果跟踪和技术评价工作,并关注有利于环保产品推广、减少用户加

工工艺和减少长期困扰的质量异议等事项；向国内外市场推广宝钢股份的环保产品品牌。

公司进一步优化厂内物流组织，加强物流过程中的环境因素控制。简化产品包装，积

极探索包装材料无害化和减量化，实行产品绿色出行。

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0 公司从2003年开始进行环境保护成本统计与分析，环境保护成本包括费用化成本和资

本化成本两部分。近几年来公司环境保护成本如下表：

环境保护成本构成

单位：亿元

分 类 项 目 2007年 2008年 2009年 2010年

费用化项目

及费用

排污费，体系审核费，环境监测费，

环保设施运行费，环保设施折旧费，

环保人工费，有害物资运输费，绿化

费，固废处置费，新、改、扩建项目

环保改善投入，环境研发费，及其

他费用

23.26 27.83 30.72 29.68

资本化项目

及费用

新、改、扩建项目环保技改投入，“三

同时”配套环保项目投入10.84 25.61 9.75 7.23

通过加强能源、环保及固废资源的管理、实施节能节水技术，建设脱硫设施等措施，在

产能规模不断扩大、产线延伸和产品品种增加的情况下，公司自投产以来的能耗指标、新

水消耗指标、SO2及COD的排放指标、固废综合利用率指标等持续优化，余能回收总量逐年

提高，见下表。公司主要节能环保指标均达到国家清洁生产一级指标要求，在国内钢铁企

业中处于最好水平。

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1环保技术经济相对指标

项 目 单位 2005 2006 2007 2008 2009 2010

吨钢耗新水 % 100 84.27 71.35 73.03 59.97 58.99

余能回收总量 % 100 112 121 162 171 189

吨钢综合能耗 % 100 97.87 95.87 102.00 98.53 97.47

SO2

% 100 22.19 20.08 15.59 10.53 22.19

COD % 100 31.2 18.0 12.4 12.0 31.2

固废综合利用率 % 98.11 98.32 98.48 98.33 98.26 98.58

注： 表中除“固废综合利用率”外其余各指标均以2005年的相应指标值为基数。

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1

截止2010年12月31日，公司股东人数为606,180人，前10位股东持股情况如下：

名次 股东名称年末持股数量

(单位：股)

比例

(%)

1 宝钢集团有限公司 12,953,517,441 73.97

2 中国建设银行－银华核心价值优选股票型证券投资基金 151,111,102 0.86

3 交通银行－易方达 50 指数证券投资基金 71,275,729 0.41

4 UBS AG（瑞士银行） 70,928,393 0.41

5 全国社保基金一一零组合 65,090,535 0.37

6 如皋长荣矿石仓储有限公司 57,229,512 0.33

7 中国工商银行－上证50交易型开放式指数证券投资基金 53,497,602 0.31

8华润深国投信托有限公司－重阳3期证券投资集合资金

信托计划49,392,628 0.28

9 张家港保税区日祥贸易有限公司 36,631,921 0.21

10 国泰君安证券股份有限公司客户信用交易担保证券账户 35,486,560 0.20

十三、股东持股情况

股权结构图

宝钢集团 74%

国内机构 10%

自然人 13%

QFII 3%

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单 位 2007 2008 2009 20102010

(美元)

净利润［注1］ 百万元人民币/美元 9,948 5,077 5,077 11,483 1,734

每股红利 人民币元/美元 0.35 0.18 0.20 0.30 0.05

红利/净利润 ％ 62 62 69 46 46

分红收益率［注2］ ％ 2.01 3.88 2.07 4.69 4.69

注1： 表中净利润为单体法人口径

注2： 分红收益率＝每股红利/年末股票价格

十四、分　红*

每股红利 (人民币元)

2007 2008 20102009

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

* 公司2004年度股东大会审议通过《关于宝山钢铁股份有限公司现金股利政策的议案》，每年分派现

金股利不低于当年净利润的40%。

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十五、公司简史

1977年12月 成立宝钢工程指挥部/成立“上海宝山钢铁总厂”

1978年12月 宝钢工程动工典礼隆重举行

1985年９月 一号高炉点火

1991年6月 二号高炉点火

1993年7月 “上海宝山钢铁总厂”更名为“宝山钢铁（集团）公司”

1994年9月 三号高炉点火

1998年11月 宝山钢铁（集团）公司与上钢、梅钢合并，成立上海宝钢集团公司

2000年2月 成立宝山钢铁股份有限公司

2000年11月 发行人民币普通股18.77亿股

2000年12月 在上海证券交易所挂牌上市(代码：600019)

2001年6月 向上海宝钢集团公司收购三期工程，产能规模达到1100万吨

2002年12月 宽厚板轧机及配套连铸、1800冷轧带钢工程等重大项目正式开工

2004年4月 上海宝钢新日铁汽车板有限公司成立

2005年4月

公司十五规划项目正式投产

增发50亿股新股，收购上海宝钢集团公司部分资产和股权，实现钢铁业务

一体化

2005年8月 股权分置改革方案获股东大会通过并实施完成

2007年12月收购罗泾项目相关资产、拟发行100亿分离交易可转换公司债券等议案获股

东大会通过

2008年6月 发行100亿分离交易可转换公司债券

2009年5月 发行50亿第一期中期票据

2009年6月 发行50亿第二期中期票据

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十六、企业文化

以可视化管理助推基层基础管理

策划召开基层管理推进大会，以“坚持‘PDCA+认真’，强化基层管理，提升现场能力”

为主题，全面提升现场基础管理工作水平。积极推进现场可视化管理，召开员工座谈会，征

求员工意见，在满足现场管理需求和员工需求的基础上，重新梳理、整合、规范现有的可视

化管理工作，从现场整顿入手，再到定置化，最后做到可视化，逐步实现员工的行为养成，

在试点基础上在公司范围内逐步推广，全面提升基层基础管理水平。

当好东道主，迎接世博会

为迎接世博盛会，当好东道主，向全体员工发出“平安、和谐、文明迎世博”倡议书，

号召人人行动起来，共保平安、美化家园，平安、和谐、文明迎世博。用实际行动为举办一

届成功、精彩、难忘的世博会出一分力，尽一分责。作为世博游览工业景点，为迎接“世博

会”期间来自海内外的客人，世博前重点对区景观线路和参观点进行环境改善，完成一批

参观景点的绿化改造工程，绿化提升改造面积合计约10.5万m2。

世博会期间，策划组织“印象世博”主题摄影比赛，征集世博上海、世博宝钢、世博人

文、世博广角等方面摄影作品，展现城市变迁、宝钢员工的世博情怀、世博给人们带来的美

好生活以及世博园区的各类建筑等，比赛共收到计524幅作品，展现了上海世博会的人物、

景观和事件，用激情和创意展现城市发展、人文素养和世博风采。

继续推进员工行为养成活动

巩固前期工作取得的成果。结合公司重点推进的强化基层管理，现场可视化管理，培

育自主型员工，以及“平安、和谐、文明迎世博”等各项工作，开展“标准化作业行为养成最

佳实践者”活动，引导员工人人争当标准化作业行为养成最佳实践者，人人为保持和维护

宝钢人良好形象作贡献。

深入推进读书活动，营造好读书、读好书的良好氛围

推进读书活动，党员和领导人员带头读书，引导员工形成“我要读”的读书习惯，创造

“读书促进工作”的良好氛围。坚持开展党委书记推荐书目导读和交流活动，利用党支部

书记研修会平台，通过领导带头示范，在党支部书记范围内进行读书交流，通过支部书记引

导党员读书。各级党组织倡导党员养成读书习惯，设计并开展适合部门特点的读书活动。

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1 对外捐赠

2007 2008 2009 2010

帮困扶贫款 8,150 8,930 11,166 11,020

慈善捐助款 1,130 10,847 271 0

赞助费 412 2,969 27,379 1,230

其 他 50,000 42 0　 0

合 计 59,691 22,788 38,816 12,250

十七、企业公民

单位：千元

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1外界认可

一月 1月11日，在2009年度国家科学技术奖励大会上，宝钢荣获国家首次设立的“企业

创新奖”，《抗CO2、H

2S腐蚀用3Cr系列油套管研制》和《高速冷轧带钢多功能在

线检测技术》两项目分获国家技术发明二等奖和科技进步二等奖。

三月 3月15日，宝钢被美国《财富》杂志评为2009年度“全球最受尊敬的公司”，在全球

金属行业中排名第6位。

四月 4月12日，在民政部组织的2009年度中华慈善评选中，宝钢获评“2009年度中华慈

善奖•最具爱心内资企业”，这是宝钢第二次被授予中华慈善奖。

4月14日，在2009年度中国质量技术评奖中，宝钢选送的《提高高炉预处理铁水综

合合格率》、《提高马迹山港卸船码头双泊位、多系统效率》、《降低冷轧某产品

合金含量》、《提高厚板热矫设定精度》获得“全国优秀六西格玛项目”称号。

4月21日，美国《福布斯》杂志公布了2010年全球上市公司2000强企业排行榜，宝

钢股份名列第264位。

4月28日，截至3月底，宝钢股份直属厂部二氧化硫排放总量连续15个月实现减排，

减排总量超量逾1600吨。为此，宝钢股份获得了上海市环保局超量减排嘉奖。

五月 5月8日，在《董事会》杂志社评选中，宝钢股份董事会获评第六届“金圆桌奖”：

优秀董事会奖。

六月 6月2日，在首届节能中国贡献奖评选中，宝钢股份荣获“十大节能突出贡献企业

奖”，成为国内钢铁企业中唯一获此殊荣的企业。

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七月 7月1日，在世界品牌实验室发布的2010年（第七届）中国500最具价值品牌排行榜

中。宝钢以品牌价值475.91亿元位列第18位。

7月8日，在美国《财富》杂志公布的2010年度世界500强企业排名中，宝钢以2009

年营业收入1953亿人民币（285.91亿美元），位列第276位。宝钢已连续七年进入世

界500强。

九月 9月14日，宝钢在第十九届全国发明展览会上获19项金奖。

9月16日，由润灵环球责任评级、和讯网及挪威船级社联合主办的“2010 A股上市

公司 社会责任报告与社会责任投资高峰论坛 暨上市公司社会责任报告评级”

活动中，宝钢股份获评2010年金属、非金属A股上市公司“最佳社会责任报告”。

9月29日，《理财周报》组办的中国上市公司最佳董事会评选中，宝钢股份获

评“2010中国央企控股上市公司最佳董事会（20强）”、“2010中国上市公司最佳

社会责任董事会（20强）”、“2010中国上市公司最佳治理董事会（20强）”。

十一月 11月23日，在南京大学工程管理学院、南京大学金融工程研究中心、中国上市公司

投资者关系管理研究中心共同举办的“第五届中国投资者关系年会”中，宝钢股

份获评第五届中国投资者关系IR公司百强第九名、上市公司最佳IR创新公司。

十二月 12月8日，在“2010•CCTV中国年度品牌”评选中，宝钢入选“中国年度品牌”。

12月20日，在2010中国最佳企业公民论坛暨第七届中国最佳企业公民评选中，宝

钢荣获本届中国最佳企业公民大奖。

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董事会

职 务 姓 名 董事会专门委员会职务

董事长 何文波 战略及风险管理委员会主任

董事、总经理 马国强战略及风险管理委员会

审计委员会委员

董 事

刘占英 战略及风险管理委员会

伏中哲 战略及风险管理委员会

戴志浩 战略及风险管理委员会

吴耀文战略及风险管理委员会

薪酬与考核委员会委员

独立董事

贝克伟审计委员会主任

薪酬与考核委员会委员

曾 璇薪酬与考核委员会主任

审计委员会委员

孙海鸣 审计委员会委员

谢祖墀战略及风险管理委员会

薪酬与考核委员会委员

十八、董事、监事及高级管理人员

监事会

监事会主席 李 黎

监 事

林 鞍

周桂泉

张丕军

朱可炳

高级管理人员

总经理 马国强

副总经理

李永祥

诸骏生

蒋立诚

陈 缨

楼定波

庞远林

周建峰

王 静

董事会秘书 陈 缨

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国内主要子公司

上海梅山钢铁股份公司

成立时间：2001年6月26日

主要经营范围：黑色金属冶炼及压

延加工、销售等

公司持股比例：77.04%

注册资本：70.8亿元人民币

产能规模：350万吨

2010年销售量：366万吨

员工人数：5014人

宁波宝新不锈钢有限公司

成立时间：1996年3月25日

主要经营范围：不锈钢板制造、加

工及相关技术指导、咨询

公司持股比例：54%

注册资本：31.9亿元人民币

产能规模：60万吨

2010年销售量：63万吨

员工人数：867人

宝钢新日铁汽车板有限公司

成立时间：2004年7月30日

主要经营范围：生产、销售用于汽

车、汽车零部件的冷轧钢板、热镀

锌钢板和电镀锌钢板，并从事与上

述业务相关的附带业务

公司持股比例：50%

注册资本：30亿元人民币

产能规模：215万吨

2010年销售量：182万吨（另有为股

份代委托加工量53.36万吨）

员工人数：628人

十九、子公司

烟台鲁宝钢管有限责任公司

成立时间：1992年6月3日

主要经营范围：无缝钢管的加工、

销售

公司持股比例：79.82%

注册资本：1亿元人民币

产能规模：30万吨

2010年销售量：33万吨

员工人数：752人

宝钢股份黄石涂镀板有限公司

成立时间：1992年12月11日

主要经营范围：生产、销售冷轧板、

镀铝钢板、彩涂板及相关镀层制品

公司持股比例：39.37%

注册资本：800万美元

产能规模：33万吨

2010年销售量：36万吨

员工人数：316人

上海宝钢国际经济贸易有限公司

成立时间：1985年6月13日

主要经营范围：自营和代理经国家

批准的商品和技术进出口，钢材、废

钢进口，进料加工和“三来一补”等

公司持股比例：100%

注册资本：22.5亿元人民币

员工人数：2992人

上海宝信软件股份有限公司

成立时间：2001年6月14日

主要经营范围：计算机、自动化、网

络通讯系统及软硬件产品的研究、

设计、开发、制造、集成等

公司持股比例：55.5%

注册资本：2.6亿元人民币

员工人数：1958人

南通宝钢钢铁有限公司

成立时间：1994年12月28日

主要经营范围：螺纹钢、圆钢、型

钢、钢铁半成品及其他钢铁制品的

生产销售

公司持股比例：95.8%

注册资本：6.21亿元人民币

产能规模：120万吨

2010年销售量：85万吨

员工人数：836人

宝钢集团财务有限责任公司

成立时间：1992年10月

主要经营范围：对成员单位开展存

贷款业务及内部结算业务等。

公司持股比例：62.10%

注册资本：5亿元人民币

员工人数：50人

上海宝钢化工有限公司

成立时间：2007年7月23日

主要经营范围：化工原料及产品的

生产销售

公司持股比例：100%

注册资本：21.10亿元人民币

员工人数：1335人

注： 2010年钢铁主业子公司的销售量采用普碳钢、不锈钢和特殊钢加总的方式计算得出（不含废次材）。

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1海外子公司

名 称 成立时间股本

百万人民币

公司

持股比例主营业务

宝和通商株式会社 1993 68 100% 贸易经济与代理

宝钢欧洲有限公司 1993 20 100% 进出口贸易

宝钢美洲贸易有限公司 1996 8 100% 贸易经济与代理

宝钢新加坡贸易有限公司 1997 8 100% 贸易经济与代理

宝钢巴西贸易有限公司 1995 5 100% 批发业务

宝金企业有限公司 1992 4 50% 远洋货物运输

宝运企业有限公司 1992 1 100% 远洋货物运输

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国内贸易公司

上海宝钢钢材贸易有限公司Shanghai Baosteel Steel Products Trading Co., Ltd.地址：上海市浦东新区浦电路370号12楼

邮编：200122

电话: 021-50509696

传真: 021-68404618

广州宝钢南方贸易有限公司Guangzhou Baosteel Southern Trading Co., Ltd.广东省广州市科学城科学大道191号A1栋13楼

邮编：510663

电话：020－32219999

传真：020－32219555

天津宝钢北方贸易有限公司Tianjin Baosteel Northern Trading Co., Ltd.地址：天津市空港物流加工区CBD商务区

邮编：300308

电话: 022-84905800

传真: 022-84905789

成都宝钢西部贸易有限公司Chengdu Baosteel Western Trading Co., Ltd.地址：四川省成都市天府大道1480号拉•德方斯西

11楼

邮编：610041

电话: 028-85335388

传真: 028-85335696

武汉宝钢华中贸易有限公司Wuhan Baosteel Central China Trading Co., Ltd.地址：湖北省武汉市经济技术开发区梅子路1888号

邮编：430056

电话: 027-84298800

传真: 027-84298224

二十、全球化营销网络

上海宝钢商贸有限公司Shanghai Baosteel Trading Co., Ltd.地址：上海市宝山区双城路803号9号楼16-17层

邮编：200940

电话: 021-60869800

传真: 0021-60869804-790

上海宝钢浦东国际贸易有限公司Shanghai Baosteel Pudong International Trading Co., Ltd.地址：上海市宝山区宝杨路1943号6、7楼

邮编：201900

电话: 021-36014655

传真: 021-51266533

上海宝钢宝山钢材贸易有限公司Shanghai Baosteel Baoshan Steel Products Trading Co., Ltd.地址：上海市宝山区宝杨路1943号8、9楼

邮编：201900

电话: 021-36014688

传真: 021-51266500

沈阳宝钢钢材配送有限公司Shenyang Baosteel Steel Products Distribution Co., Ltd.地址：辽宁省沈阳市大东区观泉路78号

邮编：110043

电话：024-62220699

传真：024-88210189

长春宝钢钢材贸易有限公司Changchun Baosteel Steel Products Trading Co., Ltd.地址：吉林省长春市绿园区普阳街1688号长融大厦

C座905室

邮编：130052

电话：0431-85888912

传真：0431-85889313

上海宝钢不锈钢贸易有限公司Shanghai Baosteel Stainless Steel Trading Co., Ltd.地址：上海市宝山区园和路555号

邮编：200941

电话：021-66933311

传真：021-66932879

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海外公司

宝和通商株式会社

地址：日本国东京都千代田区一番町15番地

102-0082

电话：81-3-32379121

传真：81-3-32379203

宝钢欧洲有限公司

地址：德国汉堡市Nonnenstieg大街１号

电话：49-40-419940

传真：49-40-41994120

宝钢美洲贸易有限公司

地址：85 Chestnut Ridge Road Montvale NJ 07645,

USA

电话：201-307-3355

传真：201-307-3358

宝钢新加坡贸易有限公司

地址：新加坡淡马锡林荫大道7号新达城第一大

厦#40-02/03 邮区 038987

No.7 Temask Boulevard #40-20/30 Suntec Tower

One Singapore 038987

电话：65-63336818

传真：65-63336819

宝钢巴西贸易有限公司

地址：Rua da Assembleia 10, Sala 4113, Centro CEP

20.119-900 Rio de Janeiro RJ BRASIL

电话：55-21-25311363

传真：55-21-25310298

宝金企业有限公司

地址：香港湾仔港湾道25号海港中心29楼

电话：852-39625300

传真：852-25980268

宝运企业有限公司

地址：中国香港湾仔港湾道1号会展中心29楼

电话：852-25285766

传真：852-25295117

宝华瑞矿山股份有限公司

地址：Rua da Assembleia 10, Sala 4113, Centro CEP

20.119-900 Rio de Janeiro RJ BRASIL

电话：55-21-25311363

传真：55-21-25310298

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附录：中国经济指标

国内经济指标

单位 2007 2008 2009 2010

GDP 万亿人民币 24.95 30.07 33.54 39.80

GDP增长 ％ 11.9 9.0 8.7 10.3

出口 亿美元 12,180 14,285 12,017 15,779

进口 亿美元 9,558 11,331 10,056 13,948

失业率 ％ 4.0 4.2 4.3 4.1

居民消费价格指数 上年为100 104.8 105.9 99.3 103.3

固定资产投资万亿人民币 13.72 17.23 22.48 27.81

％ 24.8 25.5 30.1 23.8

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钢铁生产

单 位 2007 2008 2009 2010

生 铁 百万吨 469 471 544 590

粗 钢 百万吨 489 500 568 627

钢 材 百万吨 565 582 692 796

长 材 百万吨 227 224 273 305

板 材 百万吨 241 259 295 356

管 材 百万吨 42 44 52 58

型 材 百万吨 45 46 61 63

其 它 百万吨 10 9 11 15

钢铁表观消费

单 位 2007 2008 2009 2010

粗 钢 百万吨 440 453 565 599

人均消费量 千 克 333 341 　420 447

钢 材 百万吨 519 538 685 770

长 材 百万吨 211 212 271 301

板 材 百万吨 226 243 298 345

管 材 百万吨 34 35 46 51

型 材 百万吨 39 42 60 61

其 它 百万吨 8 6 9 12

钢材进出口

单 位 2007 2008 2009 2010

出 口 百万吨 62.65 59.18 24.60 42.56

长 材 百万吨 16.25 12.62 2.47 5.19

板 材 百万吨 28.32 28.79 11.85 24.81

管 材 百万吨 9.34 10.64 6.26 7.31

型 材 百万吨 5.91 4.11 1.71 2.37

其 它 百万吨 2.83 3.02 2.31 2.88

进 口 百万吨 16.87 15.38 17.63 16.43

长 材 百万吨 1.06 0.96 0.86 1.13

板 材 百万吨 14.29 12.72 15.28 13.92

管 材 百万吨 0.77 1.06 0.63 0.48

型 材 百万吨 0.42 0.38 0.61 0.61

其 它 百万吨 0.33 0.25 0.25 0.29

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1 全球钢铁生产

单 位 2007 2008 2009 2010

北 美 百万吨 133 125 82 112

美 国 百万吨 98 91 58 81

欧 盟（27国） 百万吨 210 199 139 173

亚 洲 百万吨 739 749 776 881

日 本 百万吨 120 119 88 110

韩 国 百万吨 51 53 49 58

俄罗斯 百万吨 72 69 60 67

总 计 百万吨 1,328 1,306 1,199 1,395

数据来源：国家统计局、中国钢铁工业协会

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附录：投资者关系信息

证券信息

简 称 代 码 数 量 交易地

宝钢股份 600019 175.12亿股上海证券交易所

08宝钢债 126016 1亿份

截至2010年12月31日

截至2010年7月2日收市时，“宝钢CWB1”认股权证的行权期已结束。此次共计113,785

份“宝钢CWB1”认股权证行权，增加本公司股份48,088股，权证募集资金总额567,438.40

元，将按招股说明书披露内容使用。自2010年7月7日起，“宝钢CWB1”认股权证在上海证券

交易所终止上市，予以摘牌。

问　　询

宝钢服务热线：400 820 8590或021-26648888

董事会秘书室

联系地址：上海市宝山区富锦路885号宝钢指挥中心

邮政编码：201900

电　　话：86-21-26647000

传　　真：86-21-26646999

电子信箱：ir@baosteel.com

网　　址：www.baosteel.com

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I. Overview 48

II. Organization Chart 50

III. Financial Highlights 51

IV. Long- and Medium-Term Operations 54

V. Operation Improvement 56

VI. Production 59

VII. Sales 65

VIII. Raw Material Procurement 68

IX. Fixed Assets Investments 69

X. Research and Development 70

XI. Human Resources Management 72

XII. Environmental Management 73

XIII. Shareholders and Shareholdings 76

XIV. Dividends 77

XV. History 78

XVI. Corporate Culture 79

XVII. Corporate Citizenship 81

XVIII. Directors, Supervisors and Senior Management 84

XIX: Subsidiaries 85

XX. Global Marketing Network 87

Appendixes: China Economic Indicators 89

IR Information 92

Contents

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I. Overview

Unit 2007 2008 2009 2010

ProductionCrude steel Kiloton 23,776 23,124 23,856 26,452

Finished products and billets Kiloton 23,008 23,578 22,865 25,929

SalesFinished products and billets [note 1] Kiloton 22,600 22,813 22,429 23,356

EmployeesNumber Number 40,059 43,789 42,318 42,308

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Unit 2007 2008 2009 20102010

(USD)

Income StatementRevenue Million RMB/USD 191,559 200,638 148,525 202,413 30,564

Net profit Million RMB/USD 13,423 6,601 6,095 13,361 2,017

Earnings per share RMB/USD 0.73 0.37 0.33 0.74 0.11

Balance SheetTotal assets Million RMB/USD 188,336 200,021 201,143 216,065 32,625

Total liabilities Million RMB/USD 93,735 102,183 99,923 104,723 15,813

Shareholders’ equity Million RMB/USD 94,601 97,838 101,219 111,342 16,812

Stock Information [note 2]

Number of shares Million 17,512 17,512 17,512 17,512 17,512

Capital stock Million RMB/USD 17,512 17,512 17,512 17,512 2,644

Number of shareholders Thousand 753 833 558 606 606

Year-end share price RMB/USD 17.44 4.64 9.66 6.39 0.96

Note 1: The figures for sales of finished products and billets have been adjusted due to the change in scope

of consolidation.

Note 2: As at the Market Close on 2 July 2010, the exercise schedule for “Baosteel CWB1” was ended with

113,785 equity warrants exercised, and an increase of 48,088 shares of the Company.

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II. Organization Chart

Executive Office Investment Management Dept.

General Meeting of Shareholders

Board of Supervisors

Vice Presidents

Office of the Secretary to BOD

Board of DirectorsStrategy & Risk Management Committee

Auditing CommitteeRemuneration & Appraisal Committee

President

Manufacture Management Dept.

Laboratory Center

Strategic Management Dept. Engineering Technology Dept. Equipment Dept.

Stainless Steel Business Unit

HR Dept. Engineering Management Dept. Energy and Environment Dept.

Special Steel Business Unit

Operational Improvement Dept. Engineering Equipment Dept. Transportation Dept.

Bars & Tubes Business Unit

Corporate Culture Dept. Materials and Spares Procumbent Dept. Iron Works

Financial Dept. Raw Material Procurement Center Steel Works

Shanghai Meishan Iron & Steel Co., Ltd.

Financial Service Center Marketing Management Dept. Hot Rolling Mill

Baosteel Huangshi Coating Sheet Co., Ltd.

Legal Affairs Dept. Sheet Sales Dept. Heavy Plate Plant

Shanghai Baosteel International Economic & Trading Co., Ltd.

Audit Dept. Auto Plate Sales Dept. Silicon Steel Dept.

Overseas Branches

Inspection Dept. Product Development Dept. Cold Rolling Mill

Other Subsidiaries

Technological Development Dept. Heavy Plate Management Dept. Cold-rolled Sheet Plant

Security Dept. Research Institute (R&D Center) Power Plant

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Revenue

2007 20102008 2009

Net profit

Revenue & net profit (Million RMB)

0

50000

100000

150000

200000

250000

III. Financial Highlights *

Income Statement

2007 2008 2009 20102010

(USD)

Revenue 191,559 200,638 148,525 202,413 30,564

Cost 173,608 193,014 142,118 186,586 28,174

Including: Sales tax and extra charges 1,252 1,219 570 525 79

Sales expenses 2,018 1,852 1,459 1,785 269

Administrative expenses 5,220 5,676 4,592 5,304 801

Financial expenses 955 2,095 1,676 807 122

Loss from asset impairment 810 5,893 -635 188 28

Investment income etc. 1,526 677 953 827 125

Operating profit 19,478 8,304 7,254 16,666 2,516

Non-operating income and expenses -170 -150 41 410 62

Pre-tax profit 19,308 8,154 7,295 17,076 2,578

Income tax 5,885 1,553 1,199 3,715 561

Net profit 13,423 6,601 6,095 13,361 2,017

Net profit attributable to shareholders of the listed company

12,718 6,459 5,816 12,889 1,946

Unit: Million RMB/USD

* Retroactive modulations have been made to the financial data in accordance with the new Accounting

Standards for Enterprises which was adopted initially since 1 January 2007 by the Company.

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1 Balance Sheet

2007 2008 2009 20102010

(USD)

Current assets 76,624 58,759 52,666 68,864 10,398

Fixed assets 81,552 109,187 115,466 117,737 17,778

Total assets 188,336 200,021 201,143 216,065 32,625

Current liabilities 75,885 72,042 70,722 73,176 11,049

Non-current liabilities 17,850 30,141 29,202 31,547 4,763

Total liabilities 93,735 102,183 99,923 104,723 15,813

Capital stock 17,512 17,512 17,512 17,512 2,644

Capital reserves 33,646 36,807 37,314 37,566 5,672

Surplus reserves 15,797 16,812 17,828 20,124 3,039

Retained earnings 21,621 20,935 22,584 29,674 4,481

Shareholders’ equity 94,601 97,838 101,219 111,342 16,812

Shareholders’ equity attributable to shareholders of the listed company

88,504 91,957 95,137 104,746 15,816

Unit: Million RMB/USD

Total assets (Million RMB)Shareholders’ equity (Million RMB)

0

20000

40000

60000

80000

100000

120000

2010200920082007

0

50000

100000

150000

200000

250000

2010200920082007

Total assets (Million RMB)Shareholders’ equity (Million RMB)

0

20000

40000

60000

80000

100000

120000

2010200920082007

0

50000

100000

150000

200000

250000

2010200920082007

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1Financial Indicators2007 2008 2009 2010

Growth (%)

Revenue 18.01 4.74 -25.97 36.28

Net profit attributable to shareholders of the listed company

-2.75 -49.21 -9.95 121.61

Profitability (%)

Return on total assets 12.00 5.73 4.53 8.74

Return on net assets (weighted) 15.22 7.02 6.27 12.95

Operating profit 10.17 4.14 4.88 8.23

Profit rate 17.70 13.17 14.97 15.78

Stability

Equity/total assets (%) 46.99 48.91 50.32 51.53

Current assets/current liabilities (%) 100.97 81.56 74.47 94.11

Liabilities/net assets 1.06 1.04 0.99 0.94

EBITDA/net interest expenses 18.86 8.59 13.64 20.65

Turnover

Revenue/total assets 1.02 1.00 0.74 0.94

Revenue/equity 2.02 2.05 1.47 1.82

Revenue/fixed assets 2.35 1.84 1.29 1.72

Revenue/inventory 4.90 5.63 5.04 5.32

Revenue/receivables 30.35 38.08 26.68 30.08

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0 Operational Environment

Macro-economy & Policies

In 2011, the world economy is expected to continue increasing at a low speed as the developed countries are not out of the shadow of the crisis on the one hand, and the new economic entities will slow down in economic growth.

2011 marks the beginning of China’s “Twelfth Five-year Plan”. The Chinese government will strengthen its macro-economic control and intensify economic structural adjustment, with a view to improve the quality and efficiency of economic development and to maintain steady growth of domestic economy.In view of the complicated macro-economic situation both at home and abroad, the Chinese government continues to carry out positive financial policies which will help to secure economic growth, adjust the eco-nomic structure, and promote social harmony, and the government also implements pruduent monetary policy to matain stable economic development in the country.

Under the guidance of Policy for Iron and Steel Industry and Iron and Steel Industry Adjustment and Revival Plan, more and stronger measures will be taken by the government to re-structure the industry, and some of the benefits of such measures will be reflected in the growth of the iron and steel industry.

Domestic Steel Industry

Chinese steel indusry is in the process of re-structuring in which efforts have been made to turn it from a big industry into a competitive one.

The problems of over-capacity, imbalance between demand and supply, homogeneous competition, high cost in resources, and high requirement in environmental protection have marked a new devel-opment phase. Chinese government will step up the merger and restructuring of the iron and steel industry, with a view to optimize the structure to raise the industry concentration and to promote environment management through energy saving and emission reduction to realized the sustainable development.

Global Steel Industry

In 2011, the world steel industry will continue to recover slowly. Increase of the global market demand will slow down slightly, with major needs for iron and steel shifting to Asia and emerging countries.

Corporate VisionCore Value With the value of creditworthiness, cooperation and inovation, Baosteel aims at maximum enterprise

value and harmonious development of shareholders, customers, suppliers, employees, communities and other stakeholders.

Mission To become a top steel manufacturer in the world and commit itself to offering premium products and services.

Strategic Target To become the most competitive steel manufacturer in the world.

IV. Long- and Medium-Term Operations

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1. Steady operation, stable development, to pur-sue differentiated development through taking the lead in quality, technology and service

2. To focus on and promote core competitiveness, and practice a difference-oriented strategy in innovation, service and product

3. To Strengthen technical innovations featuring independent integration

4. To strengthen cost control management and enhance cost competitiveness

5. To adhere to environment management, strengthen energy saving and emission reduc-tion, and improve cycle economy

6. To improve the construction of an all-round risk control management system

1. To adopt the fine product strategy featuring leading technology, develop strategic product series such as automotive steel sheets, silicon steel, stainless steel and high grade alloy steel, and optimize three series of premium products, namely, silicon steel, stainless steel and special steel

2. To pursue world-class low-cost manufacturing through applying low-cost manufacturing tech-nology and low-cost materials

3. To further develop the integrated operational system of the chain of supply

4. To improve the customer-centered operation control mechanism

5. To construct eff icient and green production sys-tem to greatly enhance the productivity

6. To become the core company of Baosteel Group and the domestic production base for premium products

Long- and Medium-term Strategies

To become the most competitive steel manufacturer in the world

Outstanding operation

Differentiated competitive

strategyRisk control

Competitive products & core

competence

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V. Operation Improvement

Optimizing Organization and Operation Management for Higher Operation Effectiveness

To bring the advantage in management and technology of the plants directly controlled by the Company into full play and to streamline the management hierarchy and create a simple and efficient management framework that can respond quickly to the market, Medium and Heavy Plate Branch was canceled. The Company consolidated vertically regarding the similar functions of the medium and heavy plate production. The consolidation went on smoothly, and the related business and operation were streamlined and optimized.

Performance Evaluation Focusing on Key Performance Indicators, and a Continued Growth in Operation Performance

The performance evaluation in 2010 followed the principle of “Simplification and Focusing on Key Performance Indicators (KPIs)”. There are 13 KPIs. Among them, great importance was attached to the total volume of profit and the target cost with a view to direct the focus to business benefits and cost reduction. Based on quarterly analysis and assessment of KPIs, positive incentives were applied. In addition, 21 key projects were set up in line with the three major tasks of product management, cost improvement, as well as management reform and system capacity advancement. By pushing forward each one of the 21 projects, the Company witnessed a continued improvement in its operational performance. In order to ensure the fulfillment of the “Eleventh Five-year Plan” target of saving 1 million tons of standard coal, the Company carried out the energy conservation work on a project base. The objective of energy conservation was broken down into many tasks and distributed to specific units. In the meantime, the Company carried out dynamic follow-up, analysis, and evaluation to monitor the progress. As a result, the Company met the goal of energy conservation of the “Eleventh Five-year Plan” ahead of the schedule.

IT Construction

The IT construction was centered around the main thread of “Constructing a customer-centered enterprise mechanism” and the requirement of “Digital Baosteel”, and the focus is on the core procedures of manufacturing and sales. Under the guidance of “Responding to the changes of

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the market, sustaining the governance reform, enhancing manufacturing capacity, promoting knowledge management, developing environment management, and improving digital warehouse”, the Company continued developing the major-customer access and the EDI application, realized the on-line site revision, and promoted the using of electronic bills ad documents. Along with the integration of the former Medium and Heavy Plate Branch, the Company completed the adaptive revision of related systems. The Company also carried out the IT support plan for the engineering projects, such as the L3 silicon steel project, and the Luojing Phase Two Project. The Company constructed a platform facilitating the sharing of technology, and upgraded the archive information management system. It also promoted the solid waste reusing management, improved the automatic monitoring, surveillance, and management of environment. The IT system provided important support to the analysis and decision-making processes for these areas: product profitability, procurement, marketing value, cost, and resources. In the year, Baosteel realized the digital warehouse for plants directly controlled by the Company, which is an important technical upgrading.

Risk Management and Risk Control

Guided by the principle of “integrating the proactive risk estimation into the business operation, and the business procedure”, the Company finalized 14 key risk-management projects in the year after a careful study of such factors as the price fluctuation of raw materials and fuels. Special project groups were set up to deal with the risk indicators and strategies. As a result, good control was exerted as regards various risks. For example, the “Nickel Price Fluctuation Risk Project” followed the changes of stainless steel market and the nickel raw material market closely on a monthly basis; and the Raw Material and Fuel Price Fluctuation Risk Project provided strong support for the raw material procurement planning. The Company established a regular risk monitoring mechanism involving risk forecast and warning. Management appraisal on the risk management concerning such projects as operational financial risks and nickel price fluctuation risks was conducted from four perspectives: risk analysis, system design, working out indicators, and finding solutions. The risk management system will continue to be improved based on the appraisal. From July 2010, the Company started the practice of formally publishing its “Quarter Report of Risk Monitoring”.

Standard System Certification

The first version of Baosteel’s Comprehensive Management Handbook in accordance with the basic principle and overall requirements for business operation after the Company’s reform and integration was issued. The handbook gives detailed descriptions to the rules, division of work and overall requirements regarding the governance of different regions, industries, and different business units. According to the GB/T23331-2009 Energy Management System-Requirements and Rules on the Implementation of Energy Management System Attestation in the Iron and Steel Industry, the Company included the energy management system construction into the headquarters’ operational management handbook. All units pushed forward the construction in accordance with the stipulated requirements regarding energy management system and passed the energy management system examination in December 2010.

58

FAC

T BO

OK

201

1

Products Certification

Baosteel adheres to the policy of having its products certified by the third party in accordance with the world-class technical specifications or product criteria, which ensures the world-class level of its products. Currently, main products of the Company such as steel tubes, ship plates, and steel products for nuclear power plants are recognized by international authoritative institutions. They received license of PRC for special equipment, passed CE certification of the EU (CPD, and PED), and obtained the US API logo and Japanese JIS certificate. They have also been recognized by ship classification societies in China and other eight countries.

Baosteel was certified by the American Petroleum Institute (API) to use the API logo on its pipeline tube API SPEC 5L, casing API SPEC 5CT, drill pipe API SPEC 5D, and tool joint API SPEC 7, so was heavy plate for marine structures API SPEC 2H/2W/2Y.

The boiler tubes and construction tubes of the Company were certified by the PED-CE, AD2000-WO and ü-mark. The structure steel plates and pressure vessel steel plates (excluding stainless steel plates) were certified by the CPD, the PED, the AD2000-WO/TRD100 and the ü-mark, while the stainless steel rods and forgings were certified the PED and the AD2000-WO/TRD100.

The company was certified by the JIS to use its logo on its hot-rolled steel and heavy plate products such as steel for general structures JISG3101, steel for architectural structures JISG3136, steel for welding structures JISG3106, as well as cold-rolled carbon steel plate JISG3141.

The anchor chain steel rod was approved by the ABS and the DNV, among others, and the stainless steel forgings and the structural steel bars were certified by the GL. Steel pipes for ship were approved by the ABS, CCS and other six classification societies. The hot-rolled ship plate steel manufactured by the Company was certified by the ABS, the CCS and other six classification societies, the heavy ship plate by the ABS, the CCS and other seven societies, the pressure vessel steel plate for shipbuilding by the LR and the DNV and its high strength pressure vessel steel plate for shipbuilding by the CCS. In addition, Baosteel obtained QA certificates from the ABS, LR, CCS and other four classification societies.

The seamless tubes, electric-resistance arc welding pipe, longitudinally submerged arc welding pipe, square billets, plates for boilers and pressure vessels, low-temperature pressure vessel steel plates, quenched and tempered high strength steel plates for pressure vessels, steel plates for welded gas cylinders, plates for pressure pipes, hot-rolled stainless plates, and steel bands were certified Special Equipment Manufacturing License in the country. Its quenched and tempered high strength steel plates B610E, B610E-TMCP and B610CF, the steel plate for steam drum in boiler 13MnNiMoR, the 9Ni steel plates for pressure vessels for low temperature service and austenitic heat resistant seamless steel tubes and pipes 07Cr25Ni21NbN were approved by China National Standardization Committee on Boiler and Pressure Vessel, and so was the steel plates (including stainless steel) for boilers and pressure vessels with overseas brand but produced in China.

Nuclear levels 1, 2 and 3 stainless steel pipes were approved by National Civil Nuclear Security Facility Manufacturing Licenses, while it obtained National Industrial Product Manufacturing Licenses for its ball bearing steels, titanium products and titanium alloy products. The Company also obtained National Industrial Product Manufacturing Licenses for its phenol, aromatic hydrocarbon, anthraquinone, industrial sulfur, and liquefied anhydrous ammonia.

59

FAC

T BO

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201

1

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FAC

T BO

OK

201

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61

FAC

T BO

OK

201

1

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62

FAC

T BO

OK

201

1

Main Equipment

Main Equipment Number Style No. Initiating Year (Maintenance)

Productivity(Designed capacity)

Headquarters

No. 1 blast furnace 1 4063m3 1985(1997) 3,250 kiloton/year

No. 2 blast furnace 1 4706m3 1991(2006) 3,770 kiloton/year

No. 3 blast furnace 1 4350m3 1994 3,500 kiloton/year

No. 4 blast furnace 1 4747m3 2005 3,500 kiloton/year

No. 1 COREX 1 150 Kiloton/year

No. 1 Converter 300t 1 Top-bottom Blowing 1985(2007) 6,776 kiloton/year

No. 2 Converter 300t 1 Top-bottom Blowing 1985(2007)

No. 3 Converter 300t 1 Top-bottom Blowing 1986(2007)

250t Converter 2 Top-bottom Blowing 1998 2,880 kiloton/year

250t Converter 1 Top-bottom Blowing 2006

150t EAF 1Direct current arc double furnace

1996 1,000 kiloton/year

2050mm steel strip hot rolling mill

1 2050mm 1989 4,000 kiloton/year

1580mm steel strip hot rolling mill

1 1580mm 1996 2,790 kiloton/year

4200mm heavy plate rolling mill

1 4200mm 2008 1,600 kiloton/year

5000mm heavy plate rolling mill

1 5150mm 2005 1,800 kiloton/year

1880 hot rolling mill 1 1880mm 2007 3,700 kiloton/year

2030mm steel strip cold rolling mill

1 2030mm 1988 2,100 kiloton/year

1420mm steel strip cold rolling mill

1 1420mm 1997 722.8 kiloton/year

1550mm steel strip cold rolling mill

1 1550mm 2000(2007) 1,400 kiloton/year

1220mm steel strip cold rolling mill

1 1220mm 1991(2007) 770 kiloton/year

1730mm steel strip cold rolling mill

1 1730mm

High-speed rod rolling mill 1 5-25mm, 120m/s 1999 400 kiloton/year

Seamless tube 1 21.3-177.8mm 1985 500 kiloton/year

ERW 1 Ø610 2005 300 kiloton/year

63

FAC

T BO

OK

201

1

Main Equipment Number Style No. Initiating Year (Maintenance)

Productivity(Designed capacity)

Large sized SAW straight welded pipe (UOE)

1 2007 50 kiloton/year

Stainless Steel Business Unit

750 blast furnace 1 750m3 1991(2001) 577.5 kiloton/year

2500 blast furnace 1 2500m3 1999 1,750 kiloton/year

No. 1 Converter (Carbon Steel)

1 1150-ton top blow converter 2004 1,116.5 kiloton/year

No. 2 Converter (Carbon Steel)

1 150-ton top blow converter 2004 1,116.5 kiloton/year

No. 3 Converter (Stainless Steel)

1120-ton argon oxygen decarburizing furnace

2004 750 kiloton/year

No. 4 Converter (Stainless Steel)

1120-ton argon oxygen decarburizing furnace

2004 750 kiloton/year

No. 1 refined-smelting ladle furnace

1 150 -ton 2004 1200 kiloton/year

No. 2 refined-smelting ladle furnace

1 120 -ton 2005 750 kiloton/year

1780mm steel strip hot rolling mill

1 1780mm 2003 2,822 kiloton/year

Five-stand tandem rolling mill

1Five-stand tandem cold rolling mill

2010 1,450 kiloton/year

Twenty-roller rolling mill 1Twenty-roller stainless steel rolling mill

2009 130 kiloton/year

Special Steel Business Unit

Steel-making line 2 60t/100t 2003/1997 900 kiloton/year

Steel wire and rod production line

1 ф5-ф50mm 2003 350 kiloton/year

Steel rod production line 1 12~50mm 2005 450 kiloton/year

Blooming line 1 800mm 1984 340 kiloton/year

Meisteel

No. 2 Blast furnace 1 1280M3 2004 1,080 kiloton/year

No. 4 Blast furnace 1 3200M3 2009 2,464 kiloton/year

No. 1 Converter 1 150T 1999 150 T/set

No. 2 Converter 1 150T 1999 150 T/set

1422 Continuous hot rolling line

1Six-stand 1422 continuous hot rolling line

1994 3,000 kiloton/year

1420 Cold rolling 1 1420 pickling rolling unit 2009 800 kiloton/year

64

FAC

T BO

OK

201

1 Output

2007 2008 2009 2010

Pig iron 21,089 20,392 21,472 23,254

Crude steel 23,776 23,124 23,856 26,452

Finished products and billets

Carbon steel 21,068 21,816 20,864 23,616

HRC 8,460 8,240 5,8276,666

Pickled coil 739 768 719

Heavy plate 1,420 1,859 2,292 2,220

CRC 3,832 3,692 4,073 4,912

Hot-dip galvanized steel 1,328 1,404 1,793 2,574

Electro-galvanized steel 470 524 612 757

Color-coated 608 606 571 609

Tin plate 576 655 554 900

Chrome-coated 10 70 111 168

Electric steel 907 987 1,165 1,289

Tube 1,389 1,445 1,679 1,717

Billet 634 577 481 777

High speed wire rod 585 525 471 602

Rebar 112 466 517 425

Stainless steel 1,018 948 1,258 1,341

HRC 553 489 648 589

CRC 449 437 602 750

Special steel 922 815 743 970

Total 23,008 23,578 22,865 25,927

Note: The HRC in the table includes, as in the tables below, the pickled coil.

Unit: kiloton

15000

20000

25000

30000

Output (Kiloton)

2007 2008 20102009

Pig iron

Crude steel

Finished products and billets

65

FAC

T BO

OK

201

1

VII. Sales

2007 2008 2009 2010

Carbon steel 20,935 21,333 20,658 23,356

HRC 9,170 8,697 6,453 6,691

Wide and heavy plate 1,444 1,710 2,280 2,191

CRC 7,704 7,884 8,839 10,982

Tube 1,417 1,470 1,660 1,676

Billet 612 592 466 795

Wire rod 588 532 461 601

Rebar 0 448 499 420

Stainless steel 1,011 965 1,262 1,343

HRC 559 488 639 609

CRC 436 454 613 732

Special steel 934 824 762 989

Total 22,880 23,122 22,682 25,688

Note: 1. The statistics in the table include those of iron and steel businesses in the Company only, while non-steel

businesses were excluded.

2. The 2007, 2008, 2009, and 2010 figures in the table include the 1.81 million, 1.745 million, 1.69million

and 1.823 million tons of CRC products that BNA sold in the respective years, but the 1.53 million,

1.435 million, 1.437 million and 1.396 million tons of HRC products the Company sold to the BNA in

the three respective years are not included.

Sales in 2010

HRC 26.1%

CRC 42.8%

Tube 6.5%Billet 3.1%

Rebar 2.3%

Wide and heavy plate 8.5%

Wire rod 1.6%

Stainless steel 5.2%

Special steel 3.9%

Unit: kiloton

66

FAC

T BO

OK

201

1 Market Shares of Major Products

2007 2008 2009 2010

Cold-rolled auto sheet 50% 50% 50% 51%

Home appliance sheet 37% 37% 37% 31%

Pipeline steel 35% 31% 33% 30%

Non-oriented electric steel 17% 18% 22% 21%

High-pressure alloy boiler tube 23% 22% 21% 22%

Industrial-used stainless plates 27% 18% 12% 10%

Breakdown by Region

2007 2008 2009 2010

Home 18,958 20,248 20,955 23,354

Overseas 3,642 2,565 1,727 2,334

East Asia 1,566 1,160 815 1130

Southeast Asia 692 541 363 448

America 546 410 216 313

Europe & Africa 801 454 333 443

Total 22,600 22,813 22,682 25,688

Export breakdown by region in 2010

Southeast Asia 19.2%

America 13.4%

Europe & Africa 19.0%

East Asia 48.4%

Unit: kiloton

67

FAC

T BO

OK

201

1Domestic Sales Breakdown by Product

2007 2008 2009 2010

Carbon steel 17,209 18,625 19,039 21,254

HRC & heavy plate 10,029 10,623 7,988 8,089

CRC 4,988 5,299 8,147 9,987

Steel tube 1,127 1,185 1,494 1,381

Billet 595 581 457 792

High-speed wire rod 470 937 953 1,005

Stainless steel 926 902 1,177 1,182

Special steel 824 721 739 918

Total 18,959 20,248 20,955 23,354

Overseas Sales Breakdown by Product

2007 2008 2009 2010

Carbon steel 3,446 2,398 1,619 2,102

HRC & heavy plate 2,115 1,219 745 793

CRC 906 840 692 995

Steel tube 290 286 166 295

Billet 17 11 9 3

High-speed wire rod 118 43 7 16

Stainless steel 85 63 85 161

Special steel 110 103 23 71

Total 3,642 2,565 1,727 2,334

Overseas

Domestic

2,334

23,354

3.4%4.3%

5.1% 3.9%

34.6%

42.8%

5.9%

0.7%6.9%

3.0%

34.0%

42.6%

0.1%

12.7%

HRC & heavy plate CRC

Seamless tube

Stainless steel

Special steel

Billet

High speed wire rod

Unit: kiloton

Unit: kiloton

68

FAC

T BO

OK

201

1

VIII. Raw Material Procurement

Unit: Kiloton

2007 2008 2009 2010

Imported raw materialsIron ore 32,732 31,792 32,908 36,468

Coal 792 681 1,388 1,398

Carbon steel scrap (including pig iron) - 53 491 225

Stainless steel scrap 119 37 13 0

Nickel 21 6 30 13

Raw materials purchased at homeIron ore 345 235 0 0

Coal 16,303 16,493 16,470 17,463

Carbon steel scrap (including pig iron) 3,582 2,670 2,211 3,775

Stainless steel scrap 135 92 130 222

Nickel 30 28 26 39

Limestone 4,275 4,063 3,989 4,166

Ferroalloy 366 375 409 457

69

FAC

T BO

OK

201

1

Project 2007 2008 2009 20102010

(USD)

Baoshan Iron & Steel Co., Ltd. 22,536 28,662 17,761 13,988 2,112

Including: Carbon steel 17,868 21,228 10,895 10,835 1,636

Infrastructure 15,332 16,361 7,906 7,827 1,182

Technical revamping 2,306 4,258 2,989 2,785 421

Stainless Steel 1,699 2,418 3,266 615 93

Infrastructure 1,311 1,719 3,083 449 68

Technical revamping 370 676 183 151 23

Special Steel 1,511 3,076 2,780 1,019 154

Infrastructure 1,250 2,915 2,720 903 136

Technical revamping 251 148 60 99 15

Other industries 1,458 1,939 820 1,519 229

Infrastructure 1,213 1,468 562 1,331 201

Technical revamping 186 648 258 117 18

IX. Fixed Assets Investments

Unit: Million RMB/USD

70

FAC

T BO

OK

201

1

X. Research and Development

R&D InvestmentUnit 2007 2008 2009 2010

R&D investment Million RMB 2,007.6 2,311.6 2,593.4 4,197.6

R&D expenditure /revenue % 1.05 1.15 1.75 2.08

R&D Organization and R&D PersonnelBaosteel Technical Center (including technical centers in subsidiaries): 1114 Including: Research staff 801; Technical staff 241; Administrative staff 72

Intellectual Property Rights in China in 2010Invention patents Practical new-pattern patents Software copyrights

208 682 47

71

FAC

T BO

OK

201

1Scientific and Technological AchievementsYear Total Major achievements

2007 134

A new safe and environment-friendly technique for steel slag granulation

A new technique for production process of the hot-dip galvanizing unit

Theory and practice on prolonging the life of Baosteel No.2 Furnace

2008 166

Comprehensive technologies for steel makers’ utilization and emission reduction of by-product gasDevelopment of 3Cr series of Oil Tubing with CO2 and H2S Corrosion Resistant Prop-ertyStudy and application of wide strip tandem cold rolling technique and its model control technology

2009 105

Two-piece SPTE Tin-coated Plates: Development and Application (First prize, Metallurgical Science and Technology Award of China)Innovation of Processing Technology of Annealing and Coating Set for Non-oriented Electrical Steel(First prize, Metallurgical Science and Technology Award of China)Baosteel BPC: techniques and applications (First prize, Metallurgical Science and Technology Award of China)

2010 251

Project of natural gas transmission from West to East China—Engineering and applica-tion (First prize, National Awards for Science and Technology)the Independent Integration and Innovation of Process Technologies for Baosteel's 1880mm Hot Rolling Mill (First prize, China Metallurgical Science and Technology Award)R&D on Cold Rolling Mill Flatness Technology(Third prize, China Metallurgical Science and Technology Award)High-efficiency non-oriented electric steel B50AR500 and B50AR350 (Third prize, China Metallurgical Science and Technology Award)

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EmployeesUnit 2007 2008 2009 2010

Number of employees at year-end Person 40,059 43,789 42,318 42,308

Cash paid to employees and for employees Million RMB 6,542 7,093 7,544 8,025

Steel industry Person 33,450 36,693 36,119 35,973

Production staff Person 22,207 23,916 23,483 23,999

Technical staff Person 8,066 9,303 9,286 8,748

Administrative staff Person 3,177 3,474 3,350 3,226

Other industries Person 6,609 7,096 6,199 6,335

Baosteel (excluding subsidiaries) Person 25,464 28,186 27,321 26,966

Sales revenue per capita Million RMB 4.9 4.8 3.5 4.8

Output per capita * Ton 723 659 655 734

* Output per capita = crude steel output/[(employees of steel industry at beginning of the year +

employees of steel industry at year-end)/2]

XI. Human Resources Management

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In view of the national energy management policy and Baosteel’s strategic environment manage-ment, the Company took proactive measures to elevate its energy management system. In 2010, it initiated the pilot program of applying for energy management system certification, and became one of the first in the steel industry to have passed the natinal energy management system authentifica-tion. Currently, all steelmaking units of the Company have been certified to ISO14001 for environ-ment management.

In 2010, the Company integrated technological innovation into environment management and formed a clear idea of technology-driven environment management. The digital platform and the appraisal system for the Life Cycle Assessment (LCA) were created under this guiding idea. The product R&D has gradually changed from traditional to ecological mode, with a view to eventually realize green production featuring low energy consumption, low emission and low cost. Baosteel also took the lead in advocating the idea of green procurement and green utilization of steel prod-ucts, and made breakthroughs in environment-friendly technologies.

In 2010, the Company compiled its first Handbook for Green Procurement, expounding on the Company’s green procurement policy for the current phase, and stating concrete requirements. As for material and spare part procurement, specific schemes were stipulated, including green procure-ment standards and a green procurement catalog, and requirements for key suppliers regarding environmental protection were clearly stated.

The Company elevated its requirement for suppliers in terms of environmental protection and social responsibility. Suppliers were further encouraged to attain the certification of ISO14001 for environment management. When looking for new suppliers, priority was given to those certified for environmental management. The Company investigated the environmental performance of its high consumption suppliers such as the suppliers of high endurance materials. For some suppliers, an onsite examination by a second party was made, coupled with an environmental investigation. The Company made clear requirements for suppliers regarding environmental protection and social responsibilities. As for the carriers, the Company chooses to work with those who have passed the ISM/NSM certification. When choosing the ocean shipping, it takes a comprehensive consideration of logistic cost and gives priority to the new energy-saving ship, as a part of the effort to reduce the energy consumption during shipment to protect the environment.

In line with the trend for environmental protection, the Company took the environment manage-ment as it core and customer needs as its orientation and devised a plan of green sales, addressing the legal requirements for environmental protection and users’ demand for green products proac-tively. Concrete measures of green sales include: a) defining environmental protection evaluation process, and constructing the evaluation guarantee mechanism; b) investigating and guiding the mar-ket needs for green products, and designing new products accordingly; c) promoting green products based on the product LCA, and conducting a series of product LCA; d) systematically investigating users’ evaluation of the steel products, finding solutions to the quality issues put forward by users such as enhancing the environment-friendly feature, and simplifying the processing procedure for the users; e) promoting Baosteel’s environment-friendly products in domestic and international markets.

XII. Environmental Management

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1 The Company further promoted the optimization of interior logistic, enforcing more control over environment-related factors. In terms of green packing, it took initiative in minimizing packing materi-als and exploring packing materials without negative features.

Cost statistics concerning environmental protection have been collected analyses conducted since 2003. The cost includes compensation cost and capitalized cost.

Cost for Environmental ProtectionUnit: RMB 0.1 billion

Category Items 2007 2008 2009 2010

Compensation projects and cost

Pollution discharge fee, fee for system ap-proval, environmental monitoring fee, facility operation fee, facility depreciation charge, labour fee, fee for transporting hazardous substances, fee for landscaping, fee for disposal of solid waste, investment on new projects and updating and expanding existing projects, research investment, and others

23.26 27.83 30.72 29.68

Capitalized projects and cost

Investment on new environmental protection projects and on updating and expanding exist-ing projects and other supporting projects

10.84 25.61 9.75 7.23

By intensifying the energy management and implementing the technologies for energy saving and water saving, and for desulfurization, the energy and fresh water consumption indices of the com-pany are keeping ameliorating and the aggregate amount of the recycled residue energy is keeping increasing annually in the conditions of the expanding the scope of production and the extending of the production lines and the increase of the product categories. The Company’s major indicators for energy saving and environmental protection have all met the national Level 1 requirements for clean production, the best performance among its domestic peers.

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1Technical and Economic Relative Indexes for Environment Protection

Index Unit 2005 2006 2007 2008 2009 2010

Fresh water consumption per ton of steel

% 100 84.27 71.35 73.03 59.97 58.99

Aggregate amount of the recycled residue energy

% 100 112 121 162 171 189

General energy consumption per ton of steel

% 100 97.87 95.87 102.00 98.53 97.47

SO2 % 100 22.19 20.08 15.59 10.53 22.19

COD % 100 31.2 18.0 12.4 12.0 31.2

Overall utilization ratio of industrial solid secondary resources

% 98.11 98.32 98.48 98.33 98.26 98.58

* Except “Overall utilization ratio of industrial solid secondary resources”, all of the other items are stated in

relative terms with 2005 as base period.

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1 As at 31 December 2010, Baosteel’s shareholders totaled 606,180, and the top 10 shareholders and their shareholdings are as follows:

No. NameYear-end

shareholdings (Unit: share)

Percentage (%)

1 BAOSTEEL GROUP CORPORATION 12,953,517,441 73.97

2CHINA CONSTRUCTION BANK-YINHUA SELECTED CORE VALUE SECURITIES INVESTMENT FUND

151,111,102 0.86

3BANK OF COMMUNICATION—E FUND 50 INDEX SECURITIES INVESTMENT FUND

71,275,729 0.41

4 UBS AG 70,928,393 0.41

5NATIONAL COUNCIL FOR SOCIAL SECURITY FUND—0 COMBO

65,090,535 0.37

6 RUGAO CHANGRONG ORE STORAGE LIMITED 57,229,512 0.33

7INDUSTRIAL AND COMMERCIAL BANK OF CHINA—SHANG-HAI STOCK EXCHANGE 50 ETF FUND

53,497,602 0.31

8CHINA RESOURCES SZITIC TRUST CO., LTD—CHONGYANG NO. 3 SECURITIES INVESTMENT COLLECTION FUND TRUST PROGRAM

49,392,628 0.28

9ZHANGJIAGANG FREE TRADE ZONE RIXIANG INTERNA-TIONAL TRADE CO.,LTD.

36,631,921 0.21

10GUOTAI JUNAN SECURITIES CO., LTD-CLIENT SECURITY AC-COUNT

35,486,560 0.20

XIII. Shareholders and ShareholdingsShareholding Structure

Baosteel Group Corporation 74%

Domestic Institutional Investors 10%

Retail Investers 13%

QFII 3%

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Dividends per share (RMB)

2006 2007 20092008

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

Unit 2007 2008 2009 20102010

(USD)

Net profit [Note1] Million RMB/USD 9,948 5,077 5,077 11,483 1,734

Dividend per share RMB/USD 0.35 0.18 0.20 0.30 0.05

Dividend/net profit % 62 62 69 46 46

Dividend yield [Note2] % 2.01 3.88 2.07 4.69 4.69

Notes 1: The net profit in the table is non-consolidated;

Notes 2: Dividend yield = Dividends per share/year-end stock price.

XIV. Dividends *

* The 2004 Annual General Shareholders’ Meeting approved the “Proposal on Cash Dividends Policy of

Baoshan Iron & Steel Co., Ltd” which states that yearly distribution of cash dividend shall be no less than

40% of the net profit of the year.

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December 1977Baosteel project headquarters was set up; Shanghai Baoshan Iron & Steel General Plant was founded.

December 1978 The construction commencement ceremony for Baosteel project was held.

September 1985 No.1 Blast Furnace was ignited.

June 1991 No.2 Blast Furnace was ignited.

July 1993 Renamed “Baoshan Iron & Steel (Group) Corporation”.

September 1994 No.3 Blast Furnace was ignited.

November 1998Baoshan Iron & Steel (Group) Corporation merged with the former Shanghai Metal-lurgical Holding Group Corporation and the former Shanghai Meishan Group Co., Ltd. to set up Shanghai Baosteel Group Corporation.

February 2000 Baoshan Iron & Steel Co., Ltd. was established.

November 2000 RMB1.877 billion common shares were issued.

December 2000 Listed at Shanghai Stock Exchange (Code: 600019)

June 2001Purchased the third-phase project assets of Shanghai Baosteel Group Corporation; capacity reached 11 million tons.

December 2002The opening ceremonies for Wide and Heavy Plate Mill Project and 1800 Cold Rolling Strip Steel Project were held.

April 2004 BNA Automotive Steel Sheets Co., Ltd. was established.

April 2005

Baosteel’s projects on the list of its Tenth Five-Year Plan were put into operation.

Issued 5 billion new shares and acquired from Shanghai Baosteel Group Corporation part of its assets and successfully integrated its steel industry.

August 2005Baosteel’s SGM approved the proposal for non-tradable shares reform and the reform had been completed.

December 2007Baosteel’s SGM approved the proposal on acquisition of Luojing Project and its related assets and issuing 10 billion convertible bonds with call warrants.

June 2008 RMB 10 billion convertible bonds with call warrants were issued.

May 2009 Issued the first sum of 5 billion Medium-term Notes.

June 2009 Issued the second sum of 5 billion Medium-term Notes.

XV: History

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Strengthening the Grass-root Management through Visualized Site Management

The Company held its grass-root management intensification conference, proposing the theme of “‘PDCA + Diligence’, strengthening grass-root management and enhancing the onsite management”. In order to improve its onsite visualized management, the Company held meetings with employees and listened to their opinions. Based on the requirements for the onsite management and employ-ees needs, the Company reviewed, and reorganized the existing visualized management work. The Company made gradual progress from improving the onsite management work to implementing the fixed position management, and finally realizing the visualized management. During this course, the employees are expected to gradually form good habits. This type of management, after being tried out in some experimental units, is extended to all the other units of the Company. As a result, the overall base division management will be raised to a new level.

A Good Host to Welcome Shanghai World Expo

To meet the World Expo as a good host, the Company made the initiatives to the whole employees: Encouraging them to make joint efforts to create a secure, beautiful, harmonious and courteous Expo, and taking full duty to host a successful, exciting and memorable Expo. Since being selected as an industrial tourist spot during the Shanghai World Expo period, the Company had been making preparations to welcome visitors from at home and abroad. In preparing for the Expo, it improved the landscape along the tour route, and completed the landscaping of about 105,000 square meters.

During the running period of the Expo, the Company designed and organized the photography contest named “Image Expo” around such themes as Expo and Shanghai, Expo and Baosteel, Expo and Humanity, and Expo Moment. The contest gave expression to the urban evolvement, the pas-sion for Shanghai World Expo, and the beautiful life brought by Expo. 524 works were submitted by people who were inspired to recapture the city’s development and the beautiful Expo with photos.

XVI. Corporate Culture

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1 Continuing to Shape the Employees’ Behavior

The Company carried out various work to cultivate good employee behavior, such as the key pro-gram to intensify the base division management and visualized management, the program to cultivate self-management employees, and the program of “making joint efforts to create a secure, beautiful, harmonious and courteous Expo” and so on, with good results. To cement the good behaviors, the Company initiated another activity called “Best Practice Person in Cultivating the Standard Opera-tion Behavior”, which encourages all employees to cultivate good behavior and to maintain the good image of Baosteel.

Carrying out Reading Activities to Nurture the Love for Reading Good Books

The Party members and the Company leaders set good examples in reading. Employees are encour-aged to cultivate the habit of “Wanting to read”. The Company promotes the idea that “Reading has a positive impact on working”. The secretary of CPC Committee gives book recommendations and employees read the books and then exchange their ideas. The Company also makes good use of the Study Platform for Secretaries of Party Branches, and promotes the reading and communication among the members of Secretaries of Party Branches. The Secretaries of Party Branches take the lead in promoting the reading habit among the Party members. Reading activities are designed in accordance with the characteristics of each unit to nurture the habit of reading.

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1Donations

2007 2008 2009 2010

Poverty relieving funds 8,150 8,930 11,166 11,020

Charity donations 1,130 10,847 271 0

Grants in aid 412 2,969 27,379 1,230

Others 50,000 42 0 0

Total 59,691 22,788 38,816 12,250

XVII. Corporate Citizenship

Unit: Thousand RMB

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1 Honors and Awards

January Jan, 11: In National Science and Technology Award Conference: the two projects of Baosteel “R&D and Manufacture of 3Cr Series CO2 and H2S Corrosion Resistant Oil Tubing and Casing” and “Multi-functional On-line Detection Technology for High Speed Cold-rolled Strip” were awarded the second prizes of National Technological Invention and Scientific & Technological Progress Respectively.

March March, 15: Baosteel was listed on Fourtune’s “Global Most Admired Company” in 2009.

April April 12: The office of China Charity Award by the Ministry of Civil Affairs promulgated the list of the 2009 China Charity Award winners. Baosteel is awarded with the Most Caring Domestic Enterprise, which is Baosteel’s second China Charity Award.

April 14: 2009 China Quality Technology Award was disclosed, and Baosteel’s all 4 programs were awarded as National Excellent 6 Sigma Program. The 4 programs selected by Baosteel are Integrated Qualif ication Rate Enhancement of BF Hot-metal Pretreatment, Efficiency Enhancement of Unloading Dock Double Berth and Multi-system in Majishan Harbor, Re-duction of Cold Rolling Product Alloy Content and Accuracy Enhancement of Heavy Plate Hot Strengthening Setting.

April 21: The Forbes Global 2000 issued its 2010 list and Baosteel ranked No. 264 in the an-nual ranking of the top 2000 listed companies in the world by the Forbes magazine.

April 28: By the end of March, the directly subordinate plants of Baosteel Co., Ltd. have achieved continuous pollution reduction of sulphur dioxide for 15 months. Compared to the planned value, the actual pollution reduction exceeds 1600 tons. Therefore, Baosteel Co., Ltd. has won Shanghai EPA Excessive Pollution Reduction Award.

May May 8: In the assessment carried out by the Magazine “Directors & Boards”, Baosteel BOD was honored with “Gold Prize of Round Table”.

June June 2: The First Energy Efficiency China Contribution Award was unveiled. Baosteel Co., Ltd. received the Top 10 Outstanding Contribution Enterprise Award and became the only enterprise among domestic steelmakers to receive this honor.

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July July 1: The list of the China’s Top 500 Brands in 2010 was announced by the World Brand Laboratory. Baosteel ranked the 18th with a brand value of CNY57.591 billion, the best among Shanghai brands.

July 8: U.S magazine Fortune published the enterprise ranking list of top 500, among which Baosteel with a revenue of 195.3 billion Yuan (28.591 billion US dollars) in 2009 ranked 276th. In seven consecutive years, Baosteel has ranked among world top 500.

September September 14: Baosteel’s 19 inventions received Gold Medals in the 19th China Invention Exhibition.

September 16: Baosteel was honored with “Best Social Responsibility Report 2010” among Metal and Non-metal A Share Listed Company in “2010 A Share Listed Company Social Responsibility Report and Social Responsibility Investment Summit & Rating of Social Re-sponsibility Reports by Listed Companies” co-sponsored by Ruling Global Responsibility Rating, Hexun.com, and Det Norske Veritas.

September 29: In the Chinese Listed Company BOD Appraisal organized by MoneyWeek, Baosteel won the honors of “2010 Best Board of Directors of the Central-enterprises-hold-ing listed companies (Top 20)”, “2010 Best Board of Directors in Assuming Social Responsi-bilities (Top 20)”, and “2010 Best Board of Directors in Management (Top 20)”

November November 23: The Fifth China Investors Relationship Annual Conference was jointed held by the School of Management and Engineering of Nanjing University, the Financial Engineer-ing Research Center of Nanjing University, and the Research Center on the IRM of Listed Companies in China. Baosteel ranked No. 9 in the “Top 100 Chinese Companies Excelling in IR Management”, and was honored as “2010 Best Listed Company in IR Creativity”.

December December 8: In the “2010•CCTV China Brand of the Year”, Baosteel was selected as “China Brand of the Year”.

December 20: 2010 China’s Best Corporate Citizen Forum and the seventh China Best Corporate Citizen Award Presentation Ceremony was held in Beijing. Baosteel was awarded Best Corporate Citizenship Awards of this year.

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XVIII: Directors, Supervisors and Senior Management

Board of Supervisors

Chairman Li Li

Supervisors

Lin An

Zhou Guiquan

Zhang Pijun

Zhu Kebing

Other Senior ManagementPresident Ma Guoqiang

Vice Presidents

Li Yongxiang

Zhu Junsheng

Jiang Licheng

Chen Ying

Lou Dingbo

Pang Yuanlin

Zhou Jianfeng

Wang Jing

Secretary to the BOD Chen Ying

Board of Directors

Position Name Position in BOD’s Special Committees

Chairman He Wenbo Chairman of Strategy and Risk Management Committee

Director &President

Ma GuoqiangMember of Strategy and Risk Management Committee

Member of Auditing Committee

Directors

Liu Zhanying Member of Strategy and Risk Management Committee

Fu Zhongzhe Member of Strategy and Risk Management Committee

Dai Zhihao Member of Strategy and Risk Management Committee

Wu YaowenMember of Strategy and Risk Management Committee

Member of Remuneration and Appraisal Committee

Independent Directors

Buck PeiChairman of Auditing Committee

Member of Remuneration and Appraisal Committee

Katherine TsangChairwoman of Remuneration and Appraisal Committee

Member of Auditing Committee

Sun Haiming Member of Auditing Committee

Edward C. TseMember of Strategy and Risk Management Committee

Member of Remuneration and Appraisal Committee

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Subsidiaries in China

SHANGHAI MEISHAN IRON & STEEL

CO., LTD.

Date of establishment: 26 June 2001

Major businesses: Smelting, mangling,

Processing and sales of ferrous metals

Shareholding of the Company: 77.04%

Registered capital: Rmb7.08 billion

Capacity: 3.50 million tons

Sales volume in 2010: 3.66 million tons

Staff: 5014

NINGBO BAOXIN STAINLESS STEEL

CO., LTD.

Date of establishment: 25 March 1996

Major businesses: production and

processing of stainless plates and related

technical consultation and services

Shareholding of the Company: 54%

Registered capital: Rmb3.19 billion

Capacity: 0.6 million tons

Sales volume in 2010: 0.63 million tons

Staff: 867

BAOSTEEL-NSC/ARCELOR

AUTOMOTIVE STEEL SHEETS CO., LTD

Date of establishment: 30 July 2004

Major businesses: production and sales

of cold-rolled coils, hot dip galvanized

sheets and zinc electro-galvanized sheets

used on autos and auto parts and related

businesses

Shareholding of the Company: 50%

Registered capital: Rmb3 billion

Capacity: 2.15 million tons

Sales volume in 2010: 1.82 million tons

(plus entrusted manufacturing volume

533.6 thousand tons)

Staff: 628

YANTAI LUBAO STEEL TUBE CO., LTD.

Date of establishment: 3 June 1992

Major businesses: production and sales

of seamless steel tubes

Shareholding of the Company: 79.82%

Registered capital: Rmb0.1 billion

Capacity: 0.3 million tons

Sales volume in 2010: 0.33 million tons

Staff: 752

XIX: Subsidiaries

BAOSTEEL HUANGSHI COATED

SHEET CO., LTD.

Date of establishment: 11 December

1992

Major businesses: production and sales

of cold rolled coils, aluminum galvanized

steel sheets, color-coated steel sheets

and related galvanized steel products

Shareholding of the Company: 39.37%

Registered capital: USD8 million

Capacity: 0.33 million tons

Sales volume in 2010: 0.36 million tons

Staff: 316

SHANGHAI BAOSTEEL

INTERNATIONAL ECONOMIC &

TRADING CO., LTD.

Date of establishment: 13 June 1985

Major businesses: directly engaged in

and act as agency in the exportation

of commodities and technologies that

have obtained state approval and the

importation of steel materials and scraps

and also in raw material processing and

compensation trades (processing raw

material on clients’ demands or with

given samples and assembling parts for

clients)

Shareholding of the Company: 100%

Registered capital: Rmb2.25 billion

Staff: 2,992

SHANGHAI BAOSIGHT SOFTWARE

CO., LTD.

Date of establishment: 14 June 2001

Major businesses: research, designing,

development, manufacturing and

integration of computer software and

hardware, automation as well as network

communication products

Shareholding of the Company: 55.5%

Registered capital: Rmb0.26 billion

Staff: 1,958

BAOSTEEL NANTONG STEEL & IRON

CO., LTD.

Date of establishment: 28 December

1994

Major businesses: production and sales

of thread steel, round steel, section steel,

semi-inished steel products, and other

steel wares.

Shareholding of the Company: 95.8%

Registered capital: Rmb0.621 billion

Capacity: 1.20 million tons

Sales volume in 2010: 0.85 million tons

Staff: 836

BAOSTEEL GROUP FINANCE CO., LTD.

Date of establishment: October 1992

Major businesses: Deposits and loan

services for member companies and

internal balancing services

Shareholding: 62.10%

Registered capital: Rmb0.5 billion

Staff: 50

SHANGHAI BAOSTEEL CHEMICAL

INDUSTRY CO., LTD.

Date of establishment: 23 July 2007

Major businesses: production and sales

of chemical raw materials and products

Shareholding of the Company: 100%

Registered capital: Rmb2.11 billion

Staff: 1335

Note: The sales volume of the iron

and steel in the Company’s

subsidiaries was calculated

by adding the sales volume

carbon steel, stainless

steel and special steel (not

including the waste and

secondary materials).

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1 Subsidiaries Overseas

NameDate of

establishmentCapital stock (RMB million)

Shareholding of the Company

Principal operation

HOWA Trading Co., Ltd. 1993 68 100%Trading business and agency

Baosteel Europe GMBH 1993 20 100%Import and export business

Baosteel America. Inc. 1996 8 100%Trading business and agency

Baosteel Singapore Pte Ltd. 1997 8 100%Trading business and agency

Baosteel Do Brasil LTDA. 1995 5 100% Wholesale business

Bao-Island Enterprises Ltd. 1992 4 50%Marine cargo transportation

Bao-Trans Enterprises Ltd. 1992 1 100%Marine cargo transportation

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Domestic Dealers

SHANGHAI BAOSTEEL STEEL MATERIALS TRADING CO., LTD.Address: 12/F, No. 370, Pudian Rd., Pudong District, ShanghaiZip Code: 200120Tel: 021-50509696Fax: 021-68404618

GUANGZHOU BAOSTEEL SOUTHERN TRADING CO., LTD.Address: 13/F, Building A1, No. 191, Science Avenue, Guangzhou, Guangdong Zip Code: 510663 Tel: 020-32219999Fax: 020-32219555

TIANJIN BAOSTEEL NORTHERN TRADING CO., LTD.Address: CBD Business District, Processing Area of Logistics, Air Harbour, TianjinZip Code: 300308Tel: 022-84905800Fax: 022-84905789

CHENGDU BAOSTEEL WESTERN TRADING CO., LTD.Address: 11/F, West Building, La Defense, 1480 Tianfu Avenue, Chengdu, Sichuan ProvinceZip Code: 610041Tel: 028-85335388Fax: 028-85335696

WUHAN BAOSTEEL CENTRAL CHINA TRADING CO., LTD.Address: No. 1888, Meizi Rd., Ecnomic and Technical Development Area, Wuhan, HubeiZip Code: 430056Tel: 027-84298800Fax: 027-84298224

SHANGHAI BAOSTEEL COMMERCE & TRADING CO., LTD.Address:16&17/Fs, Buillding 9, No. 803 Shuangcheng Rd., Baoshan Distirct, ShanghaiZip Code: 200940Tel: 021-56121212Fax: 021-56126584

XX. Global Marketing Network

SHANGHAI STEEL PUDONG INTERNATIONAL TRADING CO., LTD. Address: 6&7/Fs, No.1943, Baoyang Rd., Baoshan District, ShanghaiZip Code: 201900Tel: 021-36014655Fax: 021-51266533

SHANGHAI BAOSTEEL MATERIALS TRADING CO., LTD.Address: 8&9/Fs, No.1943, Baoyang Rd., Baoshan District, ShanghaiZip Code: 201900Tel: 021-36014688Fax: 021-51266500

SHENYANG BAOSTEEL STEEL PRODUCTS DISTRIBUTION CO., LTD.Address: No. 78 Guanquan Rd., Dadong District, Shenyang, Liaoning ProvinceZip Code: 110043Tel: 024-62220699Fax: 024-88210189

CHANGCHUN BAOSTEEL STEEL PRODUCTS TRADING CO., LTD.Address: Room 905, Building C, Changrong Tower, No.1688 Puyang Rd., Luyuan District, ChangchunZip Code: 130052Tel: 0431-85888912Fax: 0431-85889313

SHANGHAI BAOSTEEL STAINLESS STEEL TRADING CO., LTD.Address: No. 555, Yuanhe Rd., Baoshan District, ShanghaiZip Code: 200941Tel: 021-66933311Fax: 021-66932879

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Overseas Subsidiaries

HOWA TRADING CO., LTD.Address: 102-0082, Howa Building, 15 Banchi, Ichiban-Cho, Chiyoda-Ku,Tokyo, JAPANTel: 81-3-3237 9121Fax: 81-3-3237-9203

BAOSTEEL TRADING EUROPE GMBHAddress: 1 Nonnenstieg Avenue, Hamburg, GERMANYTel: 49-40-4199 4101Fax: 49-40-4199 4120

BAOSTEEL AMERICA INC.Address: 85 Chestnut Ridge Road Montvale NJ 07645, USA Tel: 201-307-3355Fax: 201-307-3358

BAOSTEEL SINGAPORE PTE LTD.Address: No.7 Temask Boulevard #40-20/30 Suntec Tower One, SINGAPORE 038987Tel: 65-63336818Fax: 65-63336819

BAOSTEEL DO BRASIL LTDAAddress: Rua da Assembleia 10, Sala 4113, Centro CEP 20.119-900 Rio de Janeiro RJ BRASILTel: 55-21-2531 1363Fax: 55-21-2531 0298

BAO-ISLAND ENTERPRISES LIMITEDAddress: 29/F., Harbour Centre, 25 Harbour Road, Wanchai, HONGKONGTel: 852-39625300Fax: 852- 25980268

BAO-TRANS ENTERPRISES LTD.Address: 29/F. Ofice Tower, Convention Plaza, 1 Harbour Road, Wanchai, HONGKONGTel: 852-2528-5766Fax: 852-2529-5117

BAOVALE MINERACAO S.A.Address: Rua da Assembleia 10, Sala 4113, Centro CEP 20.119-900 Rio de Janeiro RJ BRASILTel: 55-21-2531 1363Fax: 55-21-2531 0298

Brazil

Australia

Hongkong

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Appendix I: China Economic Indicators

National Economic Indicators

Unit 2007 2008 2009 2010

GDP Trillion RMB 24.95 30.07 33.54 39.8

GDP growth rate % 11.9 9.0 8.7 10.3

Export USD 100 million 12,180 14,285 12,017 15,779

Import USD 100 million 9,558 11,331 10,056 13,948

Unemployment rate % 4.0 4.2 4.3 4.1

Consumer price index 100 for previous year 104.8 105.9 99.3 103.3

Investment in fixed assetsTrillion RMB 13.72 17.23 22.48 27.81

% 24.8 25.5 30.1 23.8

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Steel Production

Unit 2007 2008 2009 2010

Pig iron Million tons 469 471 544 590

Crude steel Million tons 489 500 568 627

Steel product Million tons 565 582 692 796

Long product Million tons 227 224 273 305

Flat product Million tons 241 259 295 356

Tubular product Million tons 42 44 52 58

Section steel Million tons 45 46 61 63

Others Million tons 10 9 11 15

Apparent Steel Consumption

Unit 2007 2008 2009 2010

Crude steel Million tons 440 453 565 599

Consumption per capita Kilogram 333 341 420 447

Steel product Million tons 519 538 685 770

Long product Million tons 211 212 271 301

Flat product Million tons 226 243 298 345

Tubular product Million tons 34 35 46 51

Section steel Million tons 39 42 60 61

Others Million tons 8 6 9 12

Steel Export & Import

Unit 2007 2008 2009 2010

Export Million tons 62.65 59.18 24.60 42.56

Long product Million tons 16.25 12.62 2.47 5.19

Flat product Million tons 28.32 28.79 11.85 24.81

Tubular product Million tons 9.34 10.64 6.26 7.31

Section steel Million tons 5.91 4.11 1.71 2.37

Others Million tons 2.83 3.02 2.31 2.88

Import Million tons 16.87 15.38 17.63 16.43

Long product Million tons 1.06 0.96 0.86 1.13

Flat product Million tons 14.29 12.72 15.28 13.92

Tubular product Million tons 0.77 1.06 0.63 0.48

Section steel Million tons 0.42 0.38 0.61 0.61

Others Million tons 0.33 0.25 0.25 0.29

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Unit 2007 2008 2009 2010

North America Million tons 133 125 82 112

USA Million tons 98 91 58 81

EU (27 countries) Million tons 210 199 139 173

Asia Million tons 739 749 776 881

Japan Million tons 120 119 88 110

Korea Million tons 51 53 49 58

Russia Million tons 72 69 60 67

Total Million tons 1,328 1,306 1,199 1,395

Sources: National Bureau of Statistics of China and China Iron and Steel Association

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Appendix II : IR Information

About Baosteel Securities

Abbreviation Code Number Stock ExchangeBaosteel 600019 17.512 billion

Shanghai Stock Exchange08 Baosteel Bond 126016 0.1 billion

As of December 31, 2010

As at the Market Close on 2 July 2010, the exercise schedule for “Baosteel CWB1” was ended with 113,785 equity warrants exercised, and an increase of 48,088 shares of the Company. A total capital of RMB 567,438.40 was raised, which will be used as stated in the prospectus. On 7 July 2010, the “Baostell CWB1” warrants were delisted in Shanghai Stock Exchange.

Contact Us

Baosteel Service Hotline: 400 820 8590 or 021-26648888

Board of Directors’ Office

Address: Baosteel Tower, 885 Fujin Rd. Baoshan District, ShanghaiPostal code: 201900Tel: 86-21-26647000Fax: 86-21-26646999Email: ir@baosteel.comWebsite: www.baosteel.com

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