Group Profile  

Xiwang Special Steel Company Limited (the ¡°Company¡±) and its subsidiaries (collectively, the ¡°Group¡±) is a leading high-end special steel manufacturer located in Shandong Province of the People¡¯s Republic of China (the ¡°PRC¡± or ¡°China¡±).Founded in 2003, the Group was listed on the Main Board of The Stock Exchange of Hong Kong Limited (the¡°Stock Exchange¡±) on 23 February 2012. The Group¡¯s production base is located in Xiwang Industrial Area, Zouping, Shandong Province of China. The Group operates an integrated production process from iron smelting and steel smelting to secondary metallurgy, die casting, continuous casting and steel rolling. The Group¡¯s products consist of ordinary steel that is primarily used in buildings and infrastructures, as well as special steel that is used in high-speed rail, automobile, vessels, wind power, bearing and petrochemical, machinery and equipment sectors.

The Group possesses two production models, which are (1) steel scraps as raw materials for steel production through electric arc furnaces; (2) sintering furnace turning iron ores into sinter for blast furnaces to produce molten iron which was then converted into steel by converters. This provides us with more flexibility in production model, as the Group could control its cost and product mix through the utilization of different raw materials.