By Ji Xiaohui
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Extra resources for Shangai Industries (Shanghai Series)
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It can be seen that this adjustment put even more emphasis on the role of new technologies for the pillar industries. This structural optimization was rewarded with remarkable results. 4). 4 Indices for Shanghai’s six pillar industries in 2004 RMB 100 mil. 4,000 3,500 3,000 2,500 2,000 1,500 1,000 Total Profit Sales income e ed icin Bio m Pa eq ckag uip ed me nt l Fin es tee Pe ref troch ine em d c ic he als mi ca & ls tom Au El inf ectro orm ni ati c on 0 ob iles 500 Gross industrial output value Source: Data from Shanghai Statistic Bureau.
Its production volume made up more than 95% of the city’s total. With its comprehensive advantages in credibility, talent, innovation, management, and technology, Baosteel was ranked among the top three of the most competitive steel producers globally according to Guide to the World Steel Industry, and was believed by this guide to be the most promising steel enterprise. 49 50 SHANGHAI INDUSTRIES Baosteel specializes in producing high-tech and high-valueadded steel products. The company has become China’s main supplier of steel products for the automobile, household appliance, oil and natural gas exploration, and the pressure vessel and container industries.
5% of Shanghai’s total industrial output. 7%, and accounting for 9% of Shanghai’s total business income. 9%. 2 Source: Shanghai Municipal Economic Commission, Shanghai Industrial Development Report for 2006, Shanghai: Shanghai Science and Technology Document Press, 2006. Shanghai’s steel industry ranks number five in China in terms of output value and main business income, but it has the strongest profitability, and its total profit ranks first in China. Its profit ratio of main business income is 12%, much higher than the national average of 5%.