HBIS Group Co., Ltd ("HBIS") is one of China's largest iron and steel material manufacturers and comprehensive service suppliers. The Group encompasses over 30 subsidiaries with 120,000 employees enrolled. Centering on steel making, we are also involved in mineral resources, financial services, modern logistics, iron & steel trade and equipment manufacturing. In 2016, our operating income stood at 290.8 billion RMB and year-end total assets 360.4 billion RMB. it ranked 221th among the global 500. The group got “ highly competitive” —the highest rating of Report on the comprehensive competitiveness of Chinese iron and steel enterprises in 2016. Now HBIS is the member of World Steel Association’s Executive Committee and the rotating Presidential Enterprise of China Steel Association.
HBIS Group has established a significant presence in steel industries home and abroad. We boast the world-class processing facilities, thereby laying a sound foundation for us to manufacture products that can only be imported in the past and to facilitate upgrading of high-end products. Our major products cover all types except for seamless steel pipe, making us the steel maker with the widest range of products. A number of products such as cold-rolled sheet, high-strength rebar, wide and heavy plate, steel pipe and special steel bar enjoy a great reputation in both domestic and overseas market.
Being dedicated to the core business—steel making, we hold a global vision in parallel and has defined a transformation strategy of “stretching farther and wider”. To this end, we will leverage our strength by employing the full steel industry chain and resource chain, and make significant strides in growing non-steel industry and overseas business.
In terms of overseas business, led by the philosophy of “globalized resource, globalized market, globalized customer”, we are committed to speeding up the construction of a global marketing service platform, global technology R&D platform and global steel making platform. Recent years have witnessed our successful controlling stake acquisition of PMC—the largest copper producer in South Africa and Duferco—the world’s largest steel products marketing service provider, transforming HBIS into a multinational conglomerate with a well-established overseas production base and global marketing service platform. The recently concluded acquisition of Smederevo mill in Serbia not only increased our preparedness to consolidate our presence in Europe—which is home to high-end manufacturing business, but also laid a solid foundation for extending the overseas industrial base and building a global manufacturing platform.
In respect of non-steel segment, we proactively engage in mineral resources, financial services, modern logistics, steel trade and equipment manufacturing, steel products deep processing, multipurpose utilization of resources,engineering technology, health, and social service, aiming to forge a cutting-edge steel segment, to nurture new growth pole to back-feeding steel making segment and build a strategic pillar for making us an integrated conglomerate. Through balancing HBIS's resources by which we can play to our strengths and coordinating the professional management, we established specialized subsidiaries as HBIS Energy, HBIS Chemical and HBIS New Material, hence a significant contribution to the competitiveness enhancement of the steel segment.
HBIS has been earnestly living up to our social responsibility to build ourselves into a clean, green and sustainable steel maker. One of our major steel plants has been recognized as “the cleanest steel plant in the world” and set by MIIT as a role model of coordinating the plant and city’s development. We are the first among our peers to initiate the Green Development Action Plan, thus clearly defining a goal and roadmap for green development, and making HBIS a pioneer for “green development”.