Baosteel has an annual steel production capacity of about 30 million tons, with a leading profit level in the world, and its products are popular in domestic and foreign markets. On December 14, 2006, Standard&Poor's announced the upgrade of Baosteel Group and Baosteel Group's long-term credit rating from "BBB+" to "A -". This is currently the highest long-term credit rating among global steel companies and also the highest rating in China's manufacturing industry. Among global steel companies, Baosteel and Pohang, South Korea are the only ones that can achieve "A -". Baosteel is the only manufacturing enterprise among the six Chinese enterprises that have achieved a credit rating of "A -" or above, and continues to be at the leading level among excellent domestic enterprises. Baosteel is the most competitive steel consortium in China, a global partner and steel supplier for the 2010 Shanghai World Expo. In 2009, Baosteel's total operating revenue was 195.3 billion yuan, with a total profit of 14.9 billion yuan, total assets of 402 billion yuan, and net assets of 243 billion yuan; The total number of employees in Baosteel is 106914; In 2010, Baosteel entered the Fortune Global 500 list for the seventh consecutive year, ranking 276th, and was named the "Most Respected Enterprise in the World" in 2009, becoming the only enterprise in mainland China to receive this title. In 2009, Baosteel produced 38.87 million tons of steel, ranking third among global steel companies. Baosteel's brand ranked 12th on the 2010 Top 500 Chinese Brands list compiled by the World Brand Value Lab, with a brand value of 76.512 billion yuan.
In the latest ranking of Fortune Global 500 companies, Baosteel Group ranked 276th with a sales revenue of 28.591 billion US dollars in 2009, ranking 6th among steel companies entering the top 500. This is the seventh consecutive year that Baosteel has entered the Fortune Global 500. In 2011, Baosteel entered the Fortune Global 500 list for eight consecutive years, ranking 212th. Baosteel focuses on environmental protection, promotes clean production, and strives to build a green Baosteel. Baosteel Co., Ltd. is the first enterprise in China's metallurgical system to pass ISO-14001 environmental certification. The greening rate of the factory area reaches 42.71%, and the air quality of the factory area meets the national scenic area standard. It is the first national level industrial tourism scenic spot in China.
Baosteel is enthusiastic about giving back to society and supporting public welfare undertakings. We have successively established Baosteel Art Award and Baosteel Education Award, and a large number of outstanding literary and artistic workers, outstanding teachers, and students have been awarded; Baosteel has donated nearly 9 million yuan to the Hope Project for the construction of 25 Hope Primary Schools and 1 Middle School. Baosteel's long-term pursuit is to grow together with society and repay society.
Baosteel Group Corporation (referred to as "Baosteel") is the largest and most modern steel joint enterprise in China. Baosteel Group, with its comprehensive advantages in integrity, talent, innovation, management, and technology, has established its position as a world-class steel joint enterprise in the international steel market. According to the World Steel Industry Guidelines, Baosteel ranks among the top three in terms of comprehensive competitiveness in the global steel industry, and is considered the steel enterprise with the most development potential in the future. The company specializes in producing steel products with high technological content and high added value. In the fields of automotive steel, shipbuilding steel, oil and gas extraction and transportation steel, household appliance steel, stainless steel, special materials steel, and high-grade construction steel, Baosteel has become a major steel supplier in the Chinese market while exporting its products to more than four countries and regions, including Japan, South Korea, and Europe and America. Power supply equipment is also commonly used in its workshop, and socket boxes, industrial plugs, and concealed sockets purchased from Shangman are also commonly used throughout the entire factory, making people feel particularly comfortable and tidy.