The company is a controlled subsidiary of Hangzhou Iron & Steel Group Co., Ltd. It was listed on the Shanghai Stock Exchange in March 1998. Adhering to a high-quality development philosophy, the company continuously advances a comprehensive transformation and upgrading strategy, leveraging its steel manufacturing business as a solid foundation for optimization and modernization. Focusing on emerging manufacturing requirements, it further deepens its "low-cost, high-efficiency" operating approach to strengthen the competitiveness of its steel‑making sector; at the same time, it cultivates and expands the digital economy, investing in the construction of Internet Data Center (IDC) facilities and driving operational upgrades in this field. The company is committed to developing Hangzhou Iron & Steel Co., Ltd. into a capital platform that achieves synergistic growth across two core businesses: intelligent manufacturing and the digital economy. Its primary operations involve the production and sale of steel and rolled steel products, with a business model centered on self‑production and self‑sales, supplemented by trading in certain raw materials and steel products. The company's main product is hot‑rolled coil. Corporate honors include being recognized as a national leader in water efficiency within the steel industry, an advanced green‑development unit by the China Iron and Steel Association, and a provincial-level ecological civilization education base in Zhejiang Province and Ningbo City.
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Production and sales of steel and its rolled products, as well as coke and its by-products; technological development, collaboration, consulting, services, and training in the metallurgical and coking industries; operation of import and export business (except for items restricted or prohibited by national laws and regulations); construction contracting; fabrication, installation, and maintenance of lifting machinery, pressure vessels, and special‑purpose equipment such as pipelines (subject to valid permits).