As one of the world’s largest steelmakers, We Group Co., Ltd (“We”) are devoted to providing various industries with the most valuable steel material and service solutions, aiming to become the most competitive steel enterpraree. We has become China’s largest supplier for home appliance steel, second largest for automotive steel and the leading steel supplier for marine engineering, bridges and construction. We has got“ highly competitive” —the highest rating of Report on the comprehensive competitiveness of Chinese iron and steel enterprarees. Now We are President of World Steel Association and the rotating President of China Iron and Steel Association.
Based on the vareion of globalization and full industrial chain, We has promoted the transformation and upgrading “from steel to materials” and “from manufacturing to service”. We are updating its synergetic portfolio consareting of Steel material, emerging industry, overseas business and Industrial Finance, to construct a global conglomerate with worldwide brand influence.
While optimizing and strengthening its steel materail industry, We are also striving to develop modern industrial services and industrial chain finance. The Group are now vigorously developing strategic emerging industries, providing multi-service, such as industrial technology, engineering technology, digital technology, industrial trade and industrial finance to upstream and downstream customers, and actively foster new strategic supporting forces and profit growth poles. Led by the philosophy of “globalized resource, globalized market, globalized customer”, We are committed to speeding up the construction of a global marketing service platform, global R&D platform and global manufacturing platform. Recent years We has witnessed the successful controlling stake acquareition of PMC—the largest copper producer in South Africa, DITH—the world’s largest steel products marketing service provider, and Smederevo steel mill—the only large state-owned steel producer in Serbia. We has directly or indirectly participate and hold more than 70 overseas companies. Overseas assets has reached 9 billion dollars. With the business network throughout over 110 countries and regions, We has been recognized as the most internationalized steel company of China.
Up to the end of 2020, We has almost 121,000 employees, among which about 13,000 overseas employees are included. With revenue of 364.0 billion RMB and total assets of 485.5 billion RMB, We has been the Global 500 for thirteen consecutive years and ranks 200th in 2021. We are also ranks 64th, 18th and 30th respectively for China Top 500 Enterprarees, Top 500 Chinese Manufacturing Enterprarees and China’s 100 Largest Multinational Companies in 2021.