In 1890, the Jiangnan Manufacturing Bureau Steel Plant (later Shanghai Steel Plant) was born in Shanghai. The Hanyang Iron Plant was laid in Wuhan, marking the beginning of China's modern steel industry and also becoming the historical starting point of China's Baowu. In 1934, the Northwest Steel Plant, which belongs to Northwest Industrial Company, was built; in 1938, the Shanghai Steel Plant and Hanyang Iron Plant moved to Chongqing; in 1939, the China Electric Power Steel Plant and Yunnan Iron Plant were established. After experiencing the baptism of war and great changes, they have become Taigang, Chongqing Steel and Kun Steel today. After the founding of New China, Bagang Steel, Wuhan Iron and Steel, Ma Steel, E Steel, Shao Steel, Xin Iron and Mei Steel were successively completed and put into production. In 1978, the east wind of reform and opening up was strong, and the Baosteel Project laid the first pile on the coast of the East China Sea. In 1998, Baosteel and Shanggang and Meigang carried out a joint reorganization, and then successively reorganized Bagang and Shaogang. In 2016, the former Baosteel Group and the former Wuhan Iron and Steel Group carried out a joint restructuring and established China Baowu Iron and Steel Group Co., Ltd. Since 2019, Baowu has successively implemented joint reorganizations with Ma Steel Group, Taigang Group, Xingang Group and China Steel Group, becoming the actual controller of Chongqing Steel, and entrusted to Chongqing Steel Group and Kungang Company. After more than 130 years of hard work and storm, Baowu's continuous history has never been interrupted. Generations of Baowu people have been striving for themselves and forging ahead. On December 23, 2020, Baowu's annual steel production exceeded 100 million tons, becoming a large and influential steel enterprise in the world.

China Baowu has steadily promoted supply-side structural reform, focused on its main responsibilities and business, and was committed to building related industries such as advanced materials industry, green resource industry, smart service industry, industrial real estate business, industrial finance business, etc. based on the steel manufacturing industry ( Business) A "one-based and five-bit" pattern of coordinated development, and based on this, strengthen the construction of the industrial ecosystem and build a new low-carbon metallurgy modern industrial chain. The steel manufacturing industry highlights the green connotation and continues to promote high-end development; the advanced materials industry is coordinated and coupled with it to provide users with comprehensive material solutions. Relying on technology empowerment, the green resource industry and smart service industry strengthen collaborative support with manufacturing and mutual support through the construction of an industrial ecosystem model, accelerate the digital transformation of the industry through digital industrialization, and realize the creation of value of smart services. Industrial real estate business focuses on the revitalization of existing assets, builds an industrial space carrier, provides industrial support services, and undertakes the mission of transformation and guarantee. Industrial finance business focuses on supply chain finance and ecosystem finance, provides financial services for the real industry, plays a leverage role, and provides collaborative support for the development of the main business.

New era, new journey and new actions, and iterate and upgrade the group's development strategy in early 2022. Baowu is positioned as a high-tech enterprise that provides comprehensive solutions and industrial ecosystem services for steel and advanced materials. It has the mission of "co-building an industrial ecosystem to promote the progress of human civilization" and "becoming a global leader in steel and advanced materials industry" as its mission. Vision, upholding the values ​​of "integrity, innovation, greenness and sharing" and the corporate spirit of "steel serving the country, openness and integration, strictness and demanding, and forging strength", and adopting the "four modernizations" (high-end, intelligent, green, and efficient) Leading as the direction, taking the "four haves" (production with orders, marginal production, profitable income, and cash profit) as the operating program, taking scientific and technological innovation as the core driving force, unswervingly become stronger and better We will work hard and work hard and make every effort to build a world-class enterprise with outstanding products, outstanding brands, leading innovation and modern governance, and make new and greater contributions to the realization of the Chinese dream of the great rejuvenation of the Chinese nation.