Group Profile
HBIS Group Co., Ltd. (referred to as "HBIS") is committed to "high-end, intelligent and green" development, extending the steel industry chain to high-end manufacturing and promoting structural reorganization of congeneric businesses. HBIS is accelerating the transformation from "steel to materials, manufacturing to services" to build the most competitive steel enterprise enjoying world brand influence, and become a multinational industrial group with coordinated development amont different sectors including steel materials, emerging industries, overseas businesses and financial services. As of the end of 2023, the total assets of HBIS reached 545.6 billion yuan, and its operating income amounted to 401.6 billion yuan. It ranks 249th in the 2024 Fortune Global 500 list.
Leveraging on world-class technology, equipment, and professinals, HBIS is dedicated to building manufacturing bases for high-end automobile plates, fine medium-thick plates, high-quality special steel, and vanadium-titanium new materials. HBIS provides customers with solutions of green, low-carbon steel and vanadium-titanium material technology. HBIS is China’s largest home appliance steelmaker and second-largest manufacturer of automobiles steel. We are also the world’s second-largest manufacturer of vanadium-titanium materials and a pioneer enterprise in ocean engineering and steel for building bridges. HBIS has received top rating regarding "extremely strong competitiveness" in the comprehensive competitiveness evaluation of the steel industry.
HBIS continues to promote the merging of similar businesses and structural reorganization based on industrial chain, turning work processes into market units and efficiency units, hence the incubation of emerging industry clusters, including financial services, industrial technology, digital technology, energy conservation and environmental protection, trade and logistics, equipment manufacturing, new energy, and fine chemicals, becoming a new growth pole for the group’s profit.
Following market demand, centering on new materials, new energy, new processes, green and low-carbon, and intelligent manufacturing, HBIS is engaged in deeply connecting global scientific and technological innovation resources to promote high-quality development driven by technological upgrades. Until now, we boast 4 national enterprise technology centers, 6 provincial enterprise technology centers, 29 provincial and ministerial key laboratories and engineering technology research centers, 42 high-tech enterprises. Our R&D investment intensity maintained at above 3%, aiming to create a cradle of original technology and a highland of independent innovation.
Adhering to the green development philosophy of "harmonious coexistence of people, steel, and the environment," aiming at carbon peak and neutrality, HBIS is the first to release low-carbon development technology roadmap in China. By applying six technology pathways and building two management platforms, HBIS strives to achieve carbon neutrality by 2050 and continuously usher in the low-carbon and green development of steel industry so as to play our parts in realizing the national goal of carbon peak and carbon neutrality.
A new era always comes together with new impetus and new hope. Guided by Xi Jinping’s socialist ideology with Chinese characteristics for a new era, HBIS endeavors to bring high-quality development to a new height, earnestly live up to our duty and contribute our efforts in promoting Chinese-style modernization.