Fushun Special Steel

Fushun Special Steel Co., Ltd. (FSSS) is a Chinese steel maker based in Fushun, Liaoning Province. State enterprise Dongbei Special Steel was the largest shareholder of the company. The rest of the shares float in Shanghai Stock Exchange.

Fushun Special Steel
Typepublic
SSE: 600399
Founded
  • 1937
  • 1999 (listed company)
Headquarters
Fushun, Liaoning
,
China
Revenue CN¥4.558 billion (2015)
CN¥92,073 million (2015)
CN¥196.733 million (2015)
Total assets CN¥12.995 billion (2015)
Total equity CN¥1.919 billion (2015)
Owner
Websitefs-ss.com
Footnotes / references
in a consolidated basis[1]
Fushun Special Steel Co., Ltd.
Simplified Chinese抚顺特殊钢股份有限公司
Traditional Chinese撫順特殊鋼股份有限公司
Literal meaningFushun Special Steel Joint-stock Limited Company

According to the officials of the company, the steel maker supplied steel to the manufacturing of aircraft carrier of China.[2]

History

The steel refinery was found in 1937 by Japanese South Manchuria Railway Company in the occupied zone of wartime China. The steel refinery was belong to State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Fushun City,[3] as Fushun Special Steel (Group) Co., Ltd. (Chinese: 抚顺特殊钢(集团)有限责任公司). It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel insudtry)[4]

In 1999 the assets of the refinery was re-incorporated as Fushun Special Steel Co., Ltd.. In the next year the shares of the company were float in Shanghai Stock Exchange. Fushun Special Steel (Group) remained as the largest shareholder for 76.29% stake.[5]

In 2003 the shares held by the parent company was partially transferred to another state-owned enterprise Dongbei Special Steel (for 56.62% stake), which Fushun Special Steel (Group) became the second largest shareholder of the listed company for 19.67%.[6] At the same time Fushun Special Steel (Group) became the second largest shareholder of Dongbei Special Steel for 26.53% stake.[7]

On 30 December 2010 Fushun Special Steel (Group) went bankrupted,[3] which Dongbei Special Steel received the shares of the listed company from Fushun Special Steel (Group), making Dongbei Special Steel hold 57.07% stake at that time,[1] while the shares of Dongbei Special Steel (22.68% stake) held by Fushun Special Steel (Group) was transferred to a subsidiary (Chinese: 辽宁省国有资产经营有限公司) of SASAC of the Government of Liaoning Province in 2011.[7][8]

Due to capital increase and disposals, the shares of the listed company held by Dongbei Special Steel was diluted to 38.58% at 31 December 2015.[1]

See also

References
  1. "2015 Annual Report". Fushun Special Steel Co., Ltd. (in Chinese). hosted by cninfo.com.cn. 30 March 2016. Archived from the original on 2 October 2016. Retrieved 29 September 2016.
  2. "关于终止非公开发行股票事项投资者说明会召开情况的公告" [Announcements on ending non-public offering of new shares]. Fushun Special Steel (in Chinese). hosted by cninfo.com.cn. 6 September 2016. Archived from the original on 2 October 2016. Retrieved 29 September 2016.
  3. 抚顺特殊钢（集团）有限责任公司破产财产转让信息 2011-6-29 (in Chinese)
  4. http://blog.sina.com.cn/s/blog_544a7adf0100mwmj.html
  5. "2000 Annual Report" (PDF). Fushun Special Steel (in Chinese). hosted by Shanghai Stock Exchange website. 5 April 2001. Retrieved 29 September 2016.
  6. "2003 Annual Report" (PDF). Fushun Special Steel (in Chinese). hosted by Shanghai Stock Exchange website. 9 March 2004. Retrieved 29 September 2016.
  7. "2014 Annual Report". Dongbei Special Steel Group Co., Ltd. (in Chinese). Shanghai Clearing House. 30 April 2015. Retrieved 29 September 2016.
  8. "2011 Annual Report" (PDF). Fushun Special Steel (in Chinese). hosted by Shanghai Stock Exchange website. 27 April 2012. Retrieved 29 September 2016.
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