Recently, the global authority of the financial magazine Fortune(Chinese version) released 2017 China Top 500 list of enterprises. By its operating income of 56.7382 billion yuan, profit of 1.1457 billion yuan, STSS is once again on the list. STSS is listed 113 in 2017 Fortune China Top 500, No. 4 in the steel industry, ranks the first in Shanxi Province.

 

In the face of the trend of industrial transformation and upgrading, STSS actively adapts to the structural reform of the supply side, seizes the historical opportunity of "Road and Belt Initiative", "Manufacturing 2025" and high-end equipment going overseas. Relying on the advantages of process equipment and technological innovation, STSS carries forward the spirit of artisans, concentrating on increasing the product varieties, improving the quality, creating brand; speeds up the implementation of product category adjustment, aims at personalized and high-end demand, to strengthen the market development, vigorously research and develop unique, leading, import substitute featured high-end products; continuously consolidates the leading position in global stainless steel market, to seize the commanding heights of the competition, while the customer satisfaction, market reputation and brand influence continues to improve. At the same time, STSS vigorously implements the green development strategy, energy saving and environmental protection and recycling economy reaches a new level; continues to promote tapping the potential, reducing cost and improving efficiency. This year, on the basis of continuous optimization of the product variety, STSS increases the intensity of reform, effectively delivers market pressures, enhances the motivation of cadres, stimulates full vitality of all staff,  business continues to improve. STSS recently issued a performance preannouncement, indicating that expected net profit attributable to shareholders of listed company from January to June in 2017 is 650 ~ 800 million yuan.

 

A total of 20 steel companies entered finalist this time, while Baosteel continues to lead the industry. It is understood that this year, the total operating income of China's 500 listed companies reached 33.54 trillion yuan, increased by 9% over last year; net profit of 2.8 trillion yuan, an increase of about 2.2%; operating income and profit growth over last year picked up obviously. The annual revenue threshold for this year's listed enterprise is 11.323 billion yuan, the first breakthrough of 10 billion yuan.

 

The list was compiled by Fortune (Chinese) and CICC's Wealth Management Division, considering the performance and achievements of the largest Chinese listed companies worldwide in the past year. Fortune China Top 500 coverage includes all Chinese companies listed in China and abroad, the data based on information disclosed by the listed companies in the stock exchanges, aiming at a more comprehensive reflection of the Chinese economy.