After the move in the Baowu Group system, Xinhua Steel is still inevitably being sold off. On October 9, the reporter learned from the Shanghai Stock Exchange that 90% of the shares of Shanghai Xinhua Iron and Steel Co., Ltd. (referred to as Xinhua Iron and Steel) and the related party's 38.45 million yuan related claims were listed for sale, with a listing price of 38.5 million yuan.
Baowu Group listed 38.5 million yuan to sell Xinhua Iron and Steel
According to public information, Xinhua Steel was established in 1993. The company's residence is located in Chongming County, Shanghai. The main business scope is the dismantling business of used ships and the processing, repair and sales of dismantled materials, which are recognized by the competent authorities of the industry. Domestic ship dismantling enterprise

In recent years, Xinhua Iron and Steel's revenue has shrunk dramatically. According to the Shanghai Stock Exchange, the operating income since 2015 was 8.35 million yuan, and it shrank to 2.375 million yuan in 2016. The operating income in the first eight months of this year was zero. At the same time, its debt scale is relatively large, and the owner's equity is -178.53 million yuan as of the end of the month, indicating that it is already in a state of insolvency. In addition, its profitability is weak and its annual profit is only tens of thousands of yuan.

Due to poor business results, Xinhua Iron & Steel has a listing price of 38.5 million yuan, and the equity is only 50,000 yuan, while the creditor's rights are 38.45 million yuan.

In recent years, Xinhua Iron and Steel, which has not benefited well, has experienced a great move in the equity relationship.

On October 9th, the reporter inquired about the industrial and commercial information. In March 2016, Xinhua Iron and Steel Co., Ltd. changed its business. The shareholders were changed from Shanghai Xinhe Industrial Industrial Corporation and Baosteel Resources Co., Ltd. to Shanghai Xinhe Industrial Industrial Corporation and Baosteel Development Co., Ltd. . Currently, the shareholding ratio of the two companies is 10% and 90% respectively.

Baosteel Resources and Baosteel Development belong to the two business systems of Baowu Group (formerly Baosteel Group).

According to the reporter's previous information, Baosteel Group reorganized the business sector before restructuring with WISCO Group, and organized it into four major systems: steel and related manufacturing, steel and related services, industrial chain finance, real estate and urban new industries. According to the official website, Baosteel Resources and Baosteel Development belong to the second and fourth largest systems respectively.

According to Baosteel Development's official website, it is a wholly-owned subsidiary of Baowu Group. It is committed to becoming a comprehensive utilization service platform for solid waste resources, a quality life integrated service platform and an industrial collaborative service platform based on Baosteel and Radiation Society. In 2015, it achieved operating income of 7.25 billion yuan and profit of -590 million yuan.

According to the official website, Baosteel Resources is also a wholly-owned subsidiary of China Baowu Group, which is mainly engaged in the investment, trade and logistics services of mineral resources. In 2015, Baosteel Resources realized an operating income of 29.4 billion yuan.

In 2016, when Baosteel Resources was transferred to Baosteel Development, Baosteel Development had “transfusion” of Xinhua Steel: According to the information of Shanghai Stock Exchange, Baosteel Development Co., Ltd. had loaned Xinhua Steel to 38.45 million yuan.

Nowadays, after a lot of equity, Xinhua Steel is still inevitably sold by Baowu Group. For Baowu Group, with the establishment of the four business systems, cleaning up non-performing assets and expanding the main business have become the main tone of development.

In July this year, Baowu Group listed 50% of its shares in Societe Generale Car Rental (Shanghai) Co., Ltd., and the corresponding evaluation value of the transfer target was 176 million yuan, and the listed price was 218 million yuan. According to the Shanghai Stock Exchange, this is the third time Baowu Iron and Steel has listed the assets in this year, and the listing price has continued to decline.

In recent years, the performance of Societe Generale has not been satisfactory. According to the Shanghai Stock Exchange, in 2016, Societe Generale achieved an operating income of 250 million yuan and a net profit loss of 22.395 million yuan. As of the end of 2016, the total assets were about 600 million yuan, but the total liabilities amounted to 490 million yuan. Only 112.38 million yuan.

From the perspective of public information, Baowu Group has been cultivating and growing high-quality assets and even pushing it to the capital market while cleaning up its non-performing assets.

In February of this year, Baowu Group released the news. With the approval of the State-owned Assets Supervision and Administration Commission of the State Council, Baowu Group incorporated the financial industry into its main business.

According to the official website, Baowu Group's financial business is mainly Huabao Department. Baowu has implemented control over Huabao Trust, Huabao Industrial Fund, and Huabao Securities through its subsidiary Huabao Investment, and holds 14.17% of Pacific Insurance. In 2015, Huabao Investment achieved revenue of 5.667 billion yuan, profit of 2.826 billion yuan, and management assets of 763 billion yuan.

In 2016, the original Baosteel Group also plans to inject its financial business into its *ST Handan Steel through asset restructuring. However, due to the large scale of the assets of the relevant financial business assets and involving the shares of listed companies, the approval and operational procedures involved in the divestiture of assets were complicated, and the reorganization was finally terminated.

On September 19th, Baosteel Co., Ltd., a subsidiary of Baowu Group, announced that it intends to acquire 10% equity of Shanghai Rural Commercial Bank held by Australia and New Zealand Banking Group Co., Ltd. (referred to as “ANZ Bank”), with a purchase price of 4.595 billion yuan.

According to the official website, Shanghai Rural Commercial Bank was established in 2005. It is a corporate bank headed by Shanghai State-owned Assets and headquartered in Shanghai. It has a registered capital of 8 billion yuan, nearly 400 business outlets and more than 6,000 employees. As of the end of 2016, the total assets of Shanghai Rural Commercial Bank were nearly 700 billion yuan, with various deposits of 523.4 billion yuan and various loans of 323.3 billion yuan. In 2016, the net profit exceeded 5.8 billion yuan.

The Thrust Roller Bearing is used to bear axial and radial joint loads as the main axial load, but the radial load should not exceed 55% of the axial load. Compared with other thrust roller bearings, this kind of bearing has a lower friction factor, higher speed and a heart regulating performance.


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The rod of the 29000 type bearing is an asymmetrical spherical roller, which can reduce the relative slipping of roller and raceway in operation, and has many advantages such as long roller diameter, large diameter, large number of rollers and high load capacity. Usually, oil lubrication is used, and grease can be lubricated at some low speed. In the design and selection, it should be selected first.
The 80000 type thrust Cylindrical Roller Bearing, the 90000 type thrust cone Roller Bearing and the AXK type thrust roller Needle Bearing can withstand the uniaxial axial load, which is much larger than the thrust ball bearing's axial load capacity, and has large rigidity and occupies small axial space.
Thrust cylindrical roller bearing and thrust cone roller bearing are suitable for low rotational speed, and thrust cone roller bearing speed is slightly higher than that of thrust cylindrical roller bearing. The thrust cylindrical roller bearing is a separable bearing. It can only withstand one-way axial load and slight impact, and can restrict the axial displacement of the shaft (or shell) in one direction, so it can be used for unidirectional axial positioning. But its bearing capacity is far greater than that of the thrust ball bearing. When roller is rolling, the roller will inevitably slide on the raceway because of the different speed of the two ends of the roller. Therefore, the limit speed of this kind of bearing is lower than that of the thrust ball bearing, which is usually suitable for low speed operation.
The standard design of thrust cylindrical roller bearing adopts a metal solid cage. According to the requirements of the user, other types or materials can be used. The thrust Tapered Roller Bearing can only bear one direction axial load, which can limit the unidirectional axial displacement of the bearing, so it can be used as a one-way axial orientation. Compared with the thrust cylindrical roller bearing, the bearing capacity is large and the relative sliding is small, but the limit speed is low.

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